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
Notes
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:

  1. 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

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