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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question 50 Chapter 5 of +2-B
50. Prepare Cash Flow Statement from the following Balance Sheet:
| Particulars | Note No. | 31st March, 2013 Rs | 31st March, 2012 Rs |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders' Funds | |||
| (a) Share Capital | 6,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 1 | 4,00,000 | 2,00,000 |
| 2. Current Liabilities | |||
| Trade Payables | 2,80,000 | 1,80,000 | |
| Total | 12,80,000 | 8,80,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| Fixed Assets: | |||
| Plant and Machinery | 5,00,000 | 3,00,000 | |
| 2. Current Assets | |||
| (a) Inventories | 1,00,000 | 1,50,000 | |
| (b) Trade Receivables | 6,00,000 | 4,00,000 | |
| (c) Cash and Cash Equivalents | 80,000 | 30,000 | |
| Total | 12,80,000 | 8,80,000 |
Notes to Accounts
| Particulars | 31st March, | 31st March, |
| 2013 ( Rs) | 2012 ( Rs) | |
| 1. Reserves and Surplus | ||
| Surplus, i.e., Balance in Statement of Profit and Loss | 4,00,000 | 2,00,000 |
| 4,00,000 | 2,00,000 |
Additional Information:
Cash Flow Statement for the year ended 31st March,2019
| Particulars |
Rs |
|
|---|---|---|
| I. Cash Flow from Financing Activities | ||
| Profit as per Statement of Profit and Loss : | ||
| Closing Balance of Profit & Loss | 4,00,000 | |
| Less: Opening Balance of Profit & Loss | 2,00,000 | 2,00,000 |
| Net Profit before tax and extraordinary items | 2,00,000 | |
| Items to be Added: | ||
| Depreciation | 30,000 | |
| Items to be Deducted: | ||
| Profit on Sale of Machinery | 10,000 | 20,000 |
| Net Profit before Working Capital changes | 2,20,000 | |
| Add: Increase in Current Liabilities | ||
| Trade Payables | 1,00,000 | |
| Add: Decrease in Current Assets | ||
| Inventories | 50,000 | |
| Less: Increase in Current Assets | ||
| Trade Receivables | 2,00,000 | |
| Cash Generated from Operations | 1,70,000 | |
| Less: Tax Paid | ... | |
| Net Cash Flow from Operating Activities | 1,70,000 | |
| II. Cash Flow from Financing Activities | ||
| Purchase of Machinery | 60,000 | |
| Short term loans and advances given | 2,80,000 | 2,20,000 |
| Net Cash Used in Investing Activities | 2,20,000 | |
| III: Cash Flow from Financing Activities | ||
| Issue of Share Capital | 1,00,000 | 1,00,000 |
| Net Cash Flow from Financing Activities | 1,00,000 | |
| IV. Net Decrease in Cash and Cash Equivalents |
50,000 | |
| Add: Cash and Cash Equivalents in the beginning of the period |
30,000 |
|
| Cash and Cash Equivalents at the end of the period |
80,000 | |
Plant and Machinery Account
| Particulars |
Rs | Particular | Rs |
|---|---|---|---|
| To Balance b/d | 3,00,000 | By Depreciation A/c | 1,20,000 |
| To Profit on Sale of Machinery (Profit & Loss A/c) |
10,000 | By Bank (Sales) | 60,000 |
| To Bank A/c (Bal. Fig. - Purchase) | 2,80,000 | By Balance c/d | 5,00,000 |
| 5,90,000 | 5,90,000 |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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