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Question No 40 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
40.From the following information, prepare Cash Flow Statement as on March 31,2022.
| Particulars | 2021 | 2022 |
|---|---|---|
| I. Equity and liabilities | ||
| (1) Shareholders’ funds | ||
| Share Capital | 80,000 | 1,60,000 |
| Reserve &Surplus | ||
| General Reserve | 4,000 | 10,000 |
| Profit and Loss A/c | 50,000 | 60,000 |
| Current Liabilities | ||
| Creditors | 5,000 | 3,000 |
| Bills Payable | 15,000 | 25,000 |
| Total | 1,54,000 | 2,58,000 |
| Assets | ||
| Non-Current Assets | ||
| Tangible | ||
| Building | 40,000 | 90,000 |
| Machinery | 49,000 | 98,000 |
| Intangible | ||
| Goodwill | 30,000 | 20,000 |
| Current Assets | ||
| Debtors | 15,000 | 20,000 |
| Cash in hand | 20,000 | 30,000 |
| Total | 1,54,000 | 2,58,000 |
Depreciation provided during the year on machine was 10,000.
CASH FLOW STATEMENT
FOR THE YEAR ENDED MARCH 31 , 2022
| Particulars | ₹ | ₹ | |
|---|---|---|---|
| (A)cash flow from operating activities | |||
| Net Profit as per Profit and Loss A/c | 10,000 | ||
| Add: Transfer to General Reserve | 6,000 | 6,000 | |
| Net Profit before tax | 16,000 | ||
| Add: Non-Cash items | |||
| Depreciation on machinery | 10,000 | ||
| Goodwill written off | 10,000 | 20,000 | 20,000 |
| Operating Profit before working capital charges | 36,000 | ||
| Add: Increase in current liabilities | |||
| Bills payable | 10,000 | 10,000 | |
| Less: Decrease in current liabilities | 46,000 | ||
| Creditors | (2,000) | ||
| Increase in current Assets | |||
| Debtors | (5,000) | (7,000) | (7,000) |
| Net cash flow from operating Activities | 39,000 | ||
| (B)Cash flow Investing Activities | |||
| Purchase of Building | (50,000) | ||
| Purchase of Machinery | (59,000) | 1,09,000 | |
| Net cash used in investing Activities | (1,09,000) | ||
| (C) Cash flow from Financing Activities | |||
| Cash Proceeds from issue of share capital | 80,000 | ||
| Net cash flow from Financing Activities | 80,000 | ||
| Net Increase in Cash and Cash Equivalents | 10,000 | ||
| Opening Cash balance | 20,000 | ||
| Closing Cash balance | 30,000 | ||
Working Notes:
MACHINERY A/C
| Particulars | ₹ | Particulars | ₹ |
|---|---|---|---|
| To balance b/d | 49,000 | By P&L A/c (Dep) | 10,000 |
| To cash A/c | 59,000 | By balance c/d | 98,000 |
| 1,08,000 | 1,08,000 |
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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