Question 27 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
27. the following are the balance sheet of Sunita Ltd.
| Particulars | 31-3-2021 | 31-3-2022 |
| I. Equity and liabilities | ||
| Share capital | 5,00,000 | 5,00,000 |
| Balance of profit & loss | 60,000 | 80,000 |
| 15% debentures | 2,00,000 | 3,00,000 |
| Int. on debentures | – | 10,000 |
| ii. Assets | ||
| Other assets | ||
| Discount on debentures | 1,00,000 | 1,50,000 |
Show how the related items in cash flow statement.
Discount on the issue of debentures written off during the year was 20,000 and new debentures were issued on 31st march 2022.
The solution of Question 27 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –
Cash flow from statement
For the year 31-3-22
| Particulars | Debit | ₹ |
| (A)cash flow from operating activities | ||
| Net profit as per balance sheet (80,000-60,000) | 20,000 | |
| Add: discount on debentures | 20,000 | |
| Add: int. on debentures 2,00,000x 5/100 | 30,000 | |
| Net cash from operating activities | 70,000 | 70,000 |
| (B)Cash flow from financing activities | ||
| Proceeds from long term borrowing | 30,000 | |
| Int. paid on debentures (30,000-10,000) | (20,000) | |
| Net cash from financing activities | 10,000 | 10,000 |
Discount on issue of debentures A/C
| Particulars | ₹ | Particulars | ₹ |
| To balance b/d | 1,00,000 | By profit & loss a/c (written off) | 20,000 |
| To 15% debenture | 70,000 | By balance c/d | 1,5,000 |
| 1,70,000 | 1,70,000 |
15% Debentures Account
| Particulars | ₹ | Particulars | ₹ |
| To balance c/d | 3,00,000 | By balance b/d | 20,00,000 |
| By bank A/c (BF) | 30,000 | ||
| By discount on issue of debentures | 70,000 | ||
| 3,00,000 | 3,00,000 |
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What is the cash flow statement? why do we need to prepare?
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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