Advertisement
Question 36 Chapter 5 of +2-B
Advertisement
Table of Contents
Cash Flow from Financing Activities
36. From the following information, calculation Cash Flow from Operating Activities and Investing Activities:
| Particulars | 31st March, 2018 Rs | 31st March, 2019 Rs |
| Surplus, i.e., Balance in Statement of Profit and Loss | 50,000 | 40,000 |
| Provision for Tax | 12,000 | 10,000 |
| Trade Payables | 35,000 | 30,000 |
| Current Assets (Trade Receivables and Inventories) | — | 10,000 |
| Fixed Assets (Tangible) | ||
| Accumulated Depreciation |
\Additional Information:
- A machine having book value of 1,00,000 Depreciation provided thereon Rs 1,62,500 was sold at a loss of Rs 20,000.
- Tax paid during the year Rs 75,000.
The solution of Question 36 Chapter 4 of +2-B: –
Advertisement-X
Cash Flow From for the year ended 31st March, 2019 | ||
| Particulars | Rs | |
| I. Cash Flow from Financing Activities | ||
| Net Profit as per Statement of Profit & Loss | 7,50,000 | |
| Add: Provision for Tax | 75,000 | |
| Net Profit before Tax and Extraordinary Items | 8,25,000 | |
| Items to be Added | ||
| Add: Depreciation charged during the year | 5,000 | |
| Add: Loss on Sale of Machine | 10,000 | |
| Net Profit before working Capital changes | 10,45,000 | |
| Add: Increase in Current Liabilities | 2,75,000 | |
| Add: Increase in Trade Payables | 1,50,000 | |
| Net Profit before Tax | 11,70,000 | |
| Less: Tax Paid during the year | 75,000 | |
| Net Cash Flow from Financing Activities | 10,95,000 | |
| II. Cash flow from Investing Activities | ||
| Sale of Machine | 80,000 | |
| Less: Purchase of Fixed Asset | 4,67,500 | |
| Cash used in Investing Activities | 3,87,5000 | |
| Machinery Account | |||
| Particulars | Rs | Particular | Rs |
| To Balance b/d | 21,25,000 | By Accumulated Depreciation A/c* | 1,62,500 |
| To Bank A/c (Purchase) (Bal. Fig.) | 4,67,500 | By Bank A/c (Sale) | 80,000 |
| By Loss on Sale (Profit and Loss A/c) | 20,000 | ||
| By Balance c/d | 23,30,000 | ||
| 25,92,500 | 25,92,500 | ||
| Accumulated Depreciation Account* | |||
| Particulars | Rs | Particular | Rs |
| To Machinery A/c (Bal. Fig.) | 1,62,500 | By Balance b/d | 10,62,500 |
| To Balance c/d | 11,00,000 | By Profit and Loss A/c (Dep. charged during the year) | 2,00,000 |
| 12,62,500 | 12,62,500 | ||
Thanks, Please Like and share with your friends
Comment if you have any question.
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)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
Advertisement-X
