Following is the Balance Sheet of Bharat Gas Ltd. as at 31st March, 2023:
Balance Sheet of Bharat Gas Ltd. as at 31st March, 2023
| Particulars | Note No. | 31.3.2023 Rs. | 31.3.2022 Rs. |
|---|---|---|---|
| I - Equity and Liabilities: 1. Shareholders' Funds (a) Share Capital (b) Reserves and Surplus 2. Non-Current Liabilities (a) Long-term Borrowing |
1 |
14,00,000 5,00,000 5,00,000 |
10,00,000 4,00,000 1,40,000 |
| 3. Current Liabilities (a) Trade Payables (b) Short-term Provisions |
2 |
1,00,000 80,000 |
60,000 60,000 |
| Total | 25,80,000 | 16,60,000 | |
| II - Assets: 1. Non-Current Assets (a) Fixed Assets (Property, Plant and Equipment and Intangible Assets) (i) Tangible Assets (Property, Plant and Equipment) (ii) Intangible Assets 2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and cash equivalents |
3 4 |
16,00,000 1,40,000 2,50,000 5,00,000 90,000 |
9,00,000 2,00,000 2,00,000 3,00,000 60,000 |
| Total | 25,80,000 | 16,60,000 |
Notes to Accounts:
| Note No. | Particulars | 31.3.2023 Rs. | 31.3.2022 Rs. | |
|---|---|---|---|---|
| 1. | Reserves and Surplus: Balance in Statement of Profit and Loss |
5,00,000 |
4,00,000 |
|
| 5,00,000 | 4,00,000 | |||
| 2. | Short- term provisions: Provision for Taxation |
80,000 |
60,000 |
|
| 80,000 | 60,000 | |||
| 3. |
Tangible Assets: (Property, Plant and Equipment) Machinery Less: Accumulated Depreciation |
18,50,000 (2,50,000) |
10,00,000 (1,00,000) |
|
| 16,00,000 | 9,00,000 | |||
| 4. | Intangible Assets Goodwill |
1,40,000 |
2,00,000 |
|
| 1,40,000 | 2,00,000 | |||
Adjustments:
During the year a machine costing Rs. 3,00,000 on which accumulated depreciation was Rs. 45,000 was sold for Rs. 1,35,000.
Calculate ‘Cash flows from Operating Activities’
Marks-6, CBSE: 2023-24/Zone-4/Set-1/Q-34
Answer :
