1. Read the following hypothetical text and answer the given questions on this basis:

Shobha started a small enterprise selling hand-knitted sweaters under ‘Skill India Scheme’. As the business grew, the revenue started increasing. On 1st  April 2020, she decided to form Shobha Lt.’ along with twelve other like-minded persons. The Balance Sheet of Shobha Ltd. as at 31st March, 2022, is given below.

From the figures given in the Balance Sheet and additional information, calculate ‘Cash Flows from Investing Activities’ and Cash Flows from Financing Activities’.

Balance Sheet of SHOBHA Ltd. as at 31st March, 2022

Particulars Note No. 31.03.2022
31.03.2021
I Equity and Liabilities:
Shareholders’ Funds
(a) Share Capital 8,00,000 6,00,000
(b) Reserves and Surplus 1 2,00,000 50,000
2. Non-Current Liabilities
Long-term Borrowings 2 4,00,000 3,00,000
3. Current Liabilities
(a)Trade Payables 40,000 45,000
(b)Bank Overdraft 1,00,000 85,000
(c)Short-term Provisions 3 30,000 20,000
Total 15,70,000 11,00,000
II Assets :
1. Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets 4 6,00,000 5,00,000
(ii) Intangible Assets 5 - 50,000
(b) Non-current Investments
2. Current Assets
(a) Inventories 5,00,000 4,00,000
(b) Trade Receivables 4,00,000 90,000
(c) Cash and Cash Equivalents 70,000 60,000
Total 15,70,000 11,00,000
Note to Accounts :
Note No. Particulars 31.03.2022
31.03.2021
1 Reserves and Surplus (Surplus i.e., Balance in the Statement of Profit and Loss) 2,00,000 50,000
2 Long-term Borrowings
10% Debentures 4,00,000 3,00,000
3 Short-term Provisions
Provision for Tax 30,000 20,000
4 Fixed Assets
Machinery 7,00,000 6,50,000
Accumulated Depreciation (1,00,000) (1,50,000)
Total 6,00,000 5,00,000
5 Intangible Assets
Goodwill - 50,000
Additional Information:
  1. A piece of machinery costing 1,60,000 was sold at a loss of 20,000. Depreciation charged during the year amounted to 40,000
  2. 1,00,000, 10%o debentures were issued on 31.3.2022.

Marks-6, CBSE:2022-23/Compartment/Q-34

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