Calculate Cash Flows from Operating Activities for the year ended 31st March, 2021 from the following Balance Sheet of Raman Ltd. as at 31st March, 2021:
Balance Sheet of Raman Ltd. as at 31st March, 2021
| Particulars | Note No. | 31.03.2021 ₹ |
31.03.2020 ₹ |
|---|---|---|---|
| I Equity and Liabilities: | |||
| Shareholders’ Funds | |||
| (a) Share Capital | 7,50,000 | 7,00,000 | |
| (b) Reserves and Surplus | 1 | 1,25,000 | 55,000 |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 1,00,000 | 62,500 | |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 2 | 6,000 | 5,000 |
| (b) Trade Payables | 7,500 | 41,500 | |
| (c) Short-term Provisions | 3 | 9,000 | 5,500 |
| Total | 9,97,500 | 8,69,500 | |
| II Assets : | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets | |||
| (i) Tangible Assets | 4 | 9,30,000 | 8,05,000 |
| (ii) Intangible Assets | 5 | 25,000 | 15,000 |
| 2. Current Assets | |||
| (a) Current Investments | 4,000 | 2,500 | |
| (b) Inventories | 18,500 | 29,500 | |
| (c) Trade Receivables | 13,000 | 11,500 | |
| (d) Cash and Cash Equivalents | 7,000 | 6,000 | |
| Total | 9,97,500 | 8,69,500 |
Note 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) | 1,25,000 | 55,000 |
| 2 | Short-term Borrowings | ||
| Bank Overdraft | 6,000 | 5,000 | |
| 3 | Short-term Provisions | ||
| Provision for Tax | 9,000 | 5,500 | |
| 4 | Tangible Assets | ||
| Machinery | 10,00,000 | 8,50,000 | |
| Accumulated Depreciation | (70,000) | (45,000) | |
| 9,30,000 | 8,05,000 | ||
| 5 | Intangible Assets | ||
| Patents | 25,000 | 15,000 |
Additional Information:
Tax paid during the year amounted to ₹6,500.
Marks-5, CBSE:2021-22/Term-2/Zone-2/Set-1/Q-12
Answer :