Following was the Balance Sheet of Bajaj Ltd. as on 31st March, 2021:
Bajaj Ltd.
Balance Sheet as on 31t March, 2021
| Particulars | Note No. | 31.03.2021 ₹ |
31.03.2020 ₹ |
|---|---|---|---|
| I Equity and Liabilities: | |||
| Shareholders’ Funds | |||
| (a) Share Capital | 19,00,000 | 17,00,000 | |
| (b) Reserves and Surplus | 1 | 6,00,000 | 3,00,000 |
| 2. Non-Current Liabilities | |||
| 12% Long-term Borrowings | 5,00,000 | 4,00,000 | |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 2 | 1,70,000 | 1,75,000 |
| (b) Short-term Provisions | 3 | 2,00,000 | 1,65,000 |
| Total | 33,70,000 | 27,40,000 | |
| II Assets : | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets | |||
| (i) Tangible Assets | 4 | 25,00,000 | 21,00,000 |
| (ii) Intangible Assets | 5 | 4,00,000 | 3,00,000 |
| 2. Current Assets | |||
| (a) Current Investments | 1,40,000 | 1,70,000 | |
| (b) Inventories | 2,60,000 | 1,30,000 | |
| (c) Cash and Cash Equivalents | 70,000 | 40,000 | |
| Total | 33,70,000 | 27,40,000 |
Notes to Accounts:
| Note No. | Particulars | 31.03.2021 ₹ |
31.03.2020 ₹ |
|---|---|---|---|
| 1 | Reserves and Surplus (Surplus i.e., Balance in the Statement of Profit and Loss) | 6,00,000 | 3,00,000 |
| 2 | Short-term Borrowings | ||
| Bank Overdraft | 1,70,000 | 1,75,000 | |
| 3 | Short-term Provisions | ||
| Provision for Tax | 2,00,000 | 1,65,000 | |
| 4 | Tangible Assets | ||
| Machinery | 25,00,000 | 21,00,000 | |
| 5 | Intangible Assets | ||
| Goodwill | 4,00,000 | 3,00,000 |
Additional Information:
(i) A machine of the book value of ₹40,000 was sold for ₹50,000.
(ii) Depreciation charged on machinery during the year was ₹2,00,000.
(iii) ₹1,00,000, 12% long term borrowings were obtained on 31-3-2021.
Calculate cash flows from investing and financing activities.
Marks-5, CBSE:2021-22/Term-2/Zone-1/Set-1/Q-12
Answer :