2 II. Distinguish between Financial Accounting and Management Accounting. III. From the following Balance Sheet of SR Ltd as on 31st March 2017 and 2018 Note No 2017-18 Particulars 2016-1 EQUITY AND LIABILITES 1. Shareholders' Funds: (2) Share Capital 10,00,0 14,00.000 (b) Reserves and Surplus 1 5,00,000 4,00,0 2. Non-Current Liabilities 5,00,000 1,40,00 3. Current Liabilities Trade Payables 1,00,000 60,00 Short Term Provisions 80,000 60,00 Total 25,80,000 16,60,00 ASSETS: 1. Non-Current Assets: (a) Fixed Assets (1) Tangibles (ii) Intangibles 16,00,000 9,00,000 2. Current Assets: 1,40,000 2,00,000 (a) Inventories (b) Trade Receivables 2,50,000 2,00,000 (c) Cash & Cash 5,00,000 Equivalents 3,00,000 90,000 60,000 Total 25.80.000 16,60.000 Notes to Accounts Particulars As on 31-3-2018 As on 31-3-2017 Reserves and Surplus: Surplus (Balance in Statement of Profit and Loss) 5,00,000 4,00,000 Short Term Provisions Provisions for Tax 80,000 60,000 Tangible Assets: Machinery 17,60,000 10,00,000 Less: Accumulated Depreciation (1,60,000 (1,00,000) Intangibles Assets: Goodwill 1,40,000 2,00.000 Prepare a Cash Flow Statement after taking into account the following: Tax paid during the year amounted to INR 70,000