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Cash Flow Statement 4.37
Illustration 21. Following is the Balance Sheet of Sreshtha Ltd. as on 31st March, 2024:

Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 20,00,000 15,00,000
(b) Reserves and Surplus 1 5,00,000 3,00,000
2. Non-Current Liabilities
Long-term Borrowings 3,00,000 2,00,000
3. Current Liabilities
(a) Trade Payables 1,50,000 2,00,000
(b) Short-term Provisions 2 70,000 60,000
Total 30,20,000 22,60,000
II. ASSETS
1. Non-Current Assets
Property, Plant and Equipment and Intangible Assets:
(i) Property, Plant and Equipment 3 19,00,000 15,00,000
(ii) Intangible Assets 4 4,70,000 2,70,000
2. Current Assets
(a) Inventories 2,50,000 1,60,000
(b) Trade Receivables 2,10,000 2,10,000
(c) Cash and Cash Equivalents 1,90,000 1,20,000
Total 30,20,000 22,60,000

Notes to Accounts
Particulars 31st March, 31st March,
2024 (`) 2023 (`)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit & Loss 5,00,000 3,00,000
2. Short-term Provisions
Provision for Tax 70,000 60,000
3. Property, Plant and Equipment
Machinery 27,00,000 21,00,000
Less: Accumulated Depreciation (8,00,000) (6,00,000)
19,00,000 15,00,000
4. Intangible Assets
Goodwill 4,70,000 2,70,000

Prepare a Cash Flow Statement after taking into account the following adjustment:
During the year, a piece of machinery costing ` 30,000 on which accumulated depreciation
was ` 6,000, was sold for ` 20,000. (Delhi 2015 C, Modified)