From the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. Showing your workings clearly
| Particulars | Note No. | 31.3.2018 (₹) |
31.3.2017 (₹) |
|---|---|---|---|
| I. EQUITY AND LIABILITY : | |||
| 1. Shareholder’s Fund: | 7,00,000 | 5,00,000 | |
| a. Share Capital | |||
| b. Reserve and Surplus | 3,50,000 | 2,00,000 | |
| 2. Non-Current Liabilities: | |||
| Long Term Borrowing | 50,000 | 1,00,000 | |
| 3. Current Liabilities: | |||
| a. Trade Payables | 1,22,000 | 1,05,000 | |
| b. Short term Provisions (Provision for tax) | 50,000 | 30,000 | |
| TOTAL | 12,72,000 | 9,35,000 | |
| II. ASSETS : | |||
| 1. Non Current Assets: | |||
| a. Fixed Assets: | |||
| i. Tangible Assets | 1 | 5,00,000 | 5,00,000 |
| ii. Intangible Assets | 2 | 95,000 | 1,00,000 |
| b. Non-current Investments | 1,00,000 | Nil | |
| 2. Current Assets: | |||
| a. Inventory | 1,30,000 | 55,000 | |
| b. Trade Receivable | 1,47,000 | 80,000 | |
| c. Cash and Cash Equivalents | 3,00,000 | 2,00,000 | |
| TOTAL | 12,72,000 | 9,35,000 |
| Note Number | Particulars | 31.3.2018 (₹) |
31.3.2017 (₹) |
|---|---|---|---|
| 1 | Tangible Assets: | ||
| Machinery | 2,80,000 | 2,00,000 | |
| Accumulated depreciation | (1,00,000) | (80,000) | |
| 1,80,000 | 1,20,000 | ||
| 2 | Intangible Assets : | ||
| Goodwill | 95,000 | 1,00,000 |
Additional Information:
- Machinery of the book value of 80,000 (accumulated depreciation ₹ 20,000 ) was sold at a loss of ₹ 18,000
Marks 6, CBSE:2019-20/Sample/Q-32