Question 35 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 35 Chapter 5 of +2-B

Question 35 Chapter 5 of +2-B

Cash Flow from Financing Activities

35. From the following information, calculate Cash Flow from Investing and Financing Activities:

Particulars 31st March, 31st March,
  2019 Rs 2018 Rs 
Machinery (At cost) 50,000 40,000
Accumulated Depreciation 12,000 10,000
Capital 35,000 30,000
Bank Loan 10,000

During the year, a machine costing Rs 10,000 was sold at a loss of Rs 2,000. Depreciation on machinery charged during the year amounted to Rs 6,000.

The solution of Question 35 Chapter 4 of +2-B: –

 


Cash Flow From for the year ended 31st March, 2019
Particulars
Rs
I. Cash Flow from Financing Activities    
Sale of Machine 4,000  
Less: Purchase of Machinery (WN 1) 20,000 16,000
Net Cash from used in Investing Activities   16,000
II. Cash Flow from Financing Activities    
Proceeds from Issue of Equity Shares 5,000  
Less: Repayment of Bank Loan 10,000 5,000
Net Cash Flow from Financing Activities   5,000

 

Machinery Account
Particulars
Rs Particular Rs
To Balance b/d 40,000 By Accumulated Depreciation A/c* 4,000
To Bank A/c (Purchase) (Bal. Fig.) 20,000 By Bank A/c (Sale) 4,000
    By Loss on Sale (Profit and Loss A/c) 2,000
    By Balance c/d 50,000
  60,000   60,000

 

Accumulated Depreciation Account*
Particulars
Rs Particular Rs
To Machinery A/c (Bal. Fig.) 4,000 By Balance b/d 10,000
To Balance c/d 12,000  By Profit and Loss A/c (Dep. charged during the year) 6,000
  16,000   16,000


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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 35 Chapter 5 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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