| Particulars | Note No. | 31st March, 2014 Amount (Rs.) | 31 March, 2013 Amount (Rs.) |
| I. EQUITY AND LIABILITES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 15,00,000 | 14,00,000 | |
| (b) Reserves and Surplus | 1 | 2,50,000 | 1,10,000 |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 2,00,000 | 1,25,000 | |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 2 | 12,000 | 10,000 |
| (b) Trade Payables | 15,000 | 83,000 | |
| (c) Short-term Provisions | 3 | 18,000 | 11,000 |
| Total | 19,95,000 | 17,39,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| Fixed Assets: | |||
| (i) Tangible Assets | 4 | 18,60,000 | 16,10,000 |
| (ii) Intangible Assets | 5 | 50,000 | 30,000 |
| 2. Current Assets | |||
| (a) Current Investments | 8,000 | 5,000 | |
| (b) Inventories | 37,000 | 59,000 | |
| (c) Trade Receivables | 26,000 | 23,000 | |
| (d) Cash and Cash Equivalents | 14,000 | 12,000 | |
| Total | 19,95,000 | 17,39,000 |
Notes to Accounts
| Particulars | 31st March, 2014 Amount (Rs.) | 31st March, 2013 Amount (Rs.) |
| 1. Reserves and Surplus | ||
| Surplus, i.e., Balance in Statement of Profit and Loss | 2,50,000 | 1,10,000 |
| 2. Short-term Borrowings : | ||
| Bank Overdraft | 12,000 | 10,000 |
| 3. Short-term Provisions | ||
| Provision for Tax | 18,000 | 11,000 |
| 4. Tangible Assets : | ||
| Machinery | 20,00,000 | 17,00,000 |
| Less: Accumulated Depreciation | (1,40,000) | (90,000) |
| 18,60,000 | 16,10,000 | |
| 5. Intangible Assets | ||
| Patents | 50,000 | 30,000 |
Additional Information :
(i) Tax paid during the year amounted to Rs. 16,000.
(ii) machine with a net book value of Rs. 10,000 (Accumulated Depreciation Rs. 40,000) was sold for Rs. 2,000. Prepare Cash Flow Statement.
SOLUTION
