Question 35 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
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 |
The solution of Question 35 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –
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 | ||
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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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