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Question 57 Chapter 15 of Class 12 Part – 2 – 2024
57. (CFS Showing Operating, Investing & Financing Activities) From the following information prepare cash flow statement.
| Particulars | Note No. | 31st March,2018 | 31st March,2017 |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| Share Capital | 2,00,000 | 2,00,000 | |
| Reserves and Surplus | |||
| Balance in Statement of Profit and Loss | 90,000 | 50,000 | |
| Non-Current Liabilities | |||
| Bank Loan | - | 10,000 | |
| Current Liabilities | |||
| Trade Payable | 24,000 | 15,000 | |
| Outstanding Expenses | 1,000 | 5,000 | |
| Provisions | |||
| Provisions Provision for Taxation | 25,000 | 20,000 | |
| Total | 3,40,000 | 3,00,000 | |
| II. Assets | |||
| Non-Current Assets : | |||
| Current Assets : | 2,00,000 | 2,00,000 | |
| Inventories | |||
| Trade Receivable | 90,000 | 50,000 | |
| Cash and Cash Equivalents – Cash | |||
| Bank | - | 10,000 | |
| Total | 3,40,000 | 3,00,000 |
Net profit for the year 2017-18 after providing ₹ 20,000 as depreciation was ₹ 60,000. During 2017-18, Company declared an equity dividend of @10% and paid ₹ 15,000 as income tax.
Cash Flow Statement for the year ended 31st March 2018
| Particulars |
Rs |
|
|---|---|---|
| (A) Cash Flow from Operating Activities | ||
| Net Profit before Tax and Extraordinary Items* | 40,000 | |
| Adjustment of non-Cash & Non-Operating Items | ||
| Add: Depreciation Charged | 20,000 | |
| Provision for Taxation | 20,000 | 40,000 |
| Cash operating Profit before Working Capital adj. | 80,000 | |
| Add: Increase in Current Liabilities: | ||
| Trade Payable | 9,000 | |
| Add: Decrease in current Assets: | ||
| Inventories | 10,000 | 19,000 |
| Less: Decrease in current Liabilities: | 99,000 | |
| Outstanding Expenses | 4,000 | |
| Less: Increase in current Assets: | ||
| Trade Receivables | 10,000 | 14,000 |
| 85,000 | ||
| Less: Tax Paid | 15,000 | |
| Cash flow from Operating Activities | 70,00 |
|
| (B) Cash flows from Investing Activities | ||
| Inflow of Cash | ||
| Purchase of Non-current Assets* | 60,000 | |
| Net cash used in investing Activities | 60,000 |
|
| (C) Cash flows from Financing Activities | ||
| Outflow of Cash | ||
| Repayment of Bank Loan | 10,000 | |
| Net cash flow from financing activities | 10,000 |
|
| Net Increase in Cash & Cash Equivalents (A + B + C) | Nil | |
| Add: Cash & Cash equivalents in the beginning | 30,000 | |
| Cash & Cash equivalents at the end | 30,000 | |
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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