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Question No 35 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
35. from the following comparative balance sheet as on 31st December, prepare cash flow statement:
| Particulars | 2021 | 2022 |
|---|---|---|
| I. Equity and liabilities | ||
| (1) Shareholders’ funds | ||
| (a) Share capital | 1,40,000 | 1,48,000 |
| (B) Reserves and surplus | ||
| Profit and loss A/c | 14,080 | 20,120 |
| Non-current liabilities | ||
| Loans | 30,000 | 24,000 |
| Current liabilities | ||
| (I)creditors |
20,720 | 23,680 |
| Provisions | ||
| Prov. For bad debts | 1,400 | 1,600 |
| Total | 2,06,200 | 2,17,400 |
| Assets | ||
| Non-current assets | ||
| (I)tangible (land) | 40,000 | 60,000 |
| (ii)intangible (goodwill) | 20,000 | 15,000 |
| Current assets | ||
| cash | 18,000 | 15,600 |
| debtors | 30,800 | 41,400 |
| stock | 97,400 | 85,400 |
| Total | 2,06,200 | 2,17,400 |
Cash flow statement
For the year ended 31st Dec. 2022
| ₹ | ₹ | ||
|---|---|---|---|
| (A)cash flow from operating activities | |||
| Profit as per P & L A/c(20,120-14,080) | 6,040 | ||
| Add: goodwill written off | 5,000 | 5,000 | |
| Operating Profit before working capital charges | 11,040 | ||
| Add: Increase in current liabilities | |||
| Creditors | 2960 | ||
| Provision for bad debts | 200 | ||
| Decrease in current assets | |||
| Stock | 12,000 | 15,160 | 15,160 |
| 26,200 | |||
| Less: Increase in current Assets | |||
| Debtors | 10,600 | (10,600) | |
| Net cash from operating activities | 15,600 | ||
| (B) cash flow from investing activities | |||
| Purchase of land | 20,000 | ||
| Net Cash used in investing activities | (20,000) | ||
| (C) cash flow from financing activities | |||
| Cash proceeds from issue of share capital | 8,000 | ||
| Payment of loan | (6,000) | 2,000 | |
| Net cash flow from financing activities | 2,000 | ||
| Net decrease in cash & cash equivalents. | (2,400) | ||
| Cash a on 1.1 2022 | 18,000 | ||
| Cash as at 31.12.2022 | 15,600 | ||
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.
This guide covers "Question No 35 Chapter 8 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
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