CBSE 2024 · Region 2 · Set 2 · Q34

From the following Balance Sheet of Nishant Ltd. as at 31st March, $\displaystyle 2023$, calculate 'Cash Flows From Operating Activities'. Balance Sheet of Nishant Ltd. as at 31st March, $\displaystyle 2023$ Note $\displaystyle 31.3.2023$ $\displaystyle 31.3.2022$ Particulars No. (<) (<) I Equity and Liabilities : 1. Shareholders' Funds (a) Share Capital $\displaystyle 6,00,000$ $\displaystyle 5,50,000$ (b) Reserves and Surplus $\displaystyle 1$ $\displaystyle 1,50,000$ $\displaystyle 1,00,000$ 2. Non-Current Liabilities (a) Long-term Borrowings $\displaystyle 2$ $\displaystyle 1,20,000$ $\displaystyle 85,000$ 3. Current Liabilities (a) Trade Payables $\displaystyle 89,500$ $\displaystyle 1,02,000$ (b) Short-term Provisions $\displaystyle 3$ $\displaystyle 25,000$ $\displaystyle 38,500$ Total $\displaystyle 9,84,500$ $\displaystyle 8,75,500$ II Assets : 1. Non-Current Assets (a) Fixed Assets/Property, Plant and Equipment and Intangible Assets (i) Tangible Assets/Property, $\displaystyle 4$ $\displaystyle 5,35,000$ $\displaystyle 4,25,000$ Plant and Equipment (ii) Intangible Assets $\displaystyle 5$ $\displaystyle 20,000$ $\displaystyle 56,000$ 2. Current Assets (a) Current Investments $\displaystyle 1,20,000$ $\displaystyle 75,000$ (b) Inventories $\displaystyle 64,500$ $\displaystyle 60,500$ (c) Trade Receivables $\displaystyle 85,000$ $\displaystyle 71,500$ (d) Cash and Cash Equivalents $\displaystyle 1,60,000$ $\displaystyle 1,87,500$ Total $\displaystyle 9,84,500$ $\displaystyle 8,75,500$ Notes to Accounts : Note $\displaystyle 31.3.2023$ $\displaystyle 31.3.2022$ Particulars No. (<) (<) $\displaystyle 1$ Reserves and Surplus Surplus i.e. Balance in Statement of $\displaystyle 1,50,000$ $\displaystyle 1,00,000$ Profit and Loss $\displaystyle 1,50,000$ $\displaystyle 1,00,000$ $\displaystyle 2$ Long-term Borrowings $\displaystyle 10$% Debentures $\displaystyle 1,20,000$ $\displaystyle 85,000$ $\displaystyle 1,20,000$ $\displaystyle 85,000$ $\displaystyle 3$ Short-term Provisions Provision for Tax $\displaystyle 25,000$ $\displaystyle 38,500$ $\displaystyle 25,000$ $\displaystyle 38,500$ $\displaystyle 4$ Tangible Assets/Property, Plant and Equipment Machinery $\displaystyle 6,35,000$ $\displaystyle 5,00,000$ Less : Accumulated Depreciation ($\displaystyle 1,00,000$) $\displaystyle (75,000)$ $\displaystyle 5,35,000$ $\displaystyle 4,25,000$ $\displaystyle 5$ Intangible Assets Goodwill $\displaystyle 20,000$ $\displaystyle 56,000$ $\displaystyle 20,000$ $\displaystyle 56,000$ Additional Information : (i) A piece of machinery costing ₹ $\displaystyle 12,000$ on which accumulated depreciation was ₹ $\displaystyle 8,000$ was sold for ₹ $\displaystyle 3$,000. (ii) Interest paid on $\displaystyle 10$% Debentures amounted to ₹ $\displaystyle 8$,500.