(a) The following balances are extracted from the books of Travese Limited as on 31st March 2023: Particulars Debit (₹) Credit (₹) 7% Debentures 48,45,000 Plant & Machinery (at cost) 37,43,400 Trade Receivable 35,70,000 Land 97,37,000 Debenture Interest 3,39,150 Bank Interest 13,260 Sales 47,22,600 Transfer Fees 38,250 Discount received 66,300 Purchases 28,86,600 Inventories 1.04.2022 4,97,250 Factory Expenses 2,58,060 Rates, Taxes and Insurance 65,025 Repairs 1,49,685 Sundry Expenses 1,27,500 Selling Expenses 26,520 Directors Fees 38,250 **Additional information:** (i) Closing inventory on 31.03.2023 is ₹4,76,850. (ii) Miscellaneous receipts represent cash received from the sale of the Plant on 01.04.2022. The cost of the Plant was 1,65,750 and the accumulated depreciation thereon is ₹24865. (iii) The Land is re-valued at ₹1,08,63,000. (iv) Depreciation is to be provided on Plant & Machinery at 10% p.a. on cost. (v) Make a provision for income tax @ 25%. (vi) The Board of Directors declared a dividend of 10% on Equity shares on 4th April, 2023. You are required to prepare a Statement of Profit and Loss as per Schedule III of the Companies Act, 2013 for the year ended 31.03.2023. (Ignore previous year figures)

(b) The summarized Balance Sheets of Flora Limited for the year ended 31st March, 2022 and 31st March, 2023 are as below: Assets 31/03/2023 (₹) 31/03/2022 (₹) Goodwill 15,000 28,000 Land 5,75,000 6,00,000 Furniture and Fixtures 48,000 44,000 Vehicles 22,000 28,000 Office Equipment 21,000 Long-term Investments 60,000 1,10,000 Stock-in-hand 96,000 88,000 Bills Receivables 18,150 14,500 Trade Receivables 46,000 52,000 Cash and Bank Balances 1,29,850 34,500 Total 10,31,000 9,99,000 Liabilities Equity Shares Capital 6,80,000 5,00,000 General Reserves 90,000 60,000 Profit and Loss Account 93,000 52,000 Capital Reserve 75,000 - 8% Debentures of ₹100 each 3,00,000 Loan from Mr. Andrew - 15,000 Bills Payables 11,000 13,000 Trade Payables 49,000 45,000 Creditors for Equipment 10,500 - Outstanding Expenses 4,500 3,000 Provision for Taxation 18,000 11,000 Total 10,31,000 9,99,000 **Additional Information:** (i) On 1st April, 2022, one of the vehicles was sold for ₹3,000. No new purchases were made during the year. (ii) A part of the total land was sold for ₹1,25,000 (Cost ₹1,00,000) and the balance land was revalued. Capital reserve consists of profit on revaluation of balance land. No new purchases were made during the year. (iii) Depreciation provided during the year: * Furniture and Fixtures: ₹5,000 * Vehicles: ₹2,200 (iv) Interim dividend of 5,000 was paid during the year. (v) Provision for taxation for the year 2022-2023 was ₹16,000. (vi) 8% Debentures were redeemed at par after half year interest payment on 30th September, 2022. (vii) Part of the long-term investments were sold at a profit of 8,000. (viii) Interest income received during the year on long-term investment was 6,500. You are required to prepare Cash Flow Statement from Operating Activities for the year ended 31st March, 2023 using indirect method. (All workings should form part of the answer)