Question 42 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 42 Chapter 5 of +2-B

Question 42 Chapter 5 of +2-B

42. Prepare a Cash Flow Statement on the basis of the information given in the Balance Sheet of Libra Ltd.as at 31st March, 2013 and 31st March 2012:

Particulars Note No.  31st March 2013 Rs 31st March 2012 Rs 
I. EQUITY AND LIABILITIES      
1. Shareholders’ Funds       
(a) Share Capital   8,00,000 6,00,000
(b) Reserves and Surplus 1 4,00,000 3,00,000
2. Non-Current Liabilities      
Long-term Borrowings   1,00,000 1,50,000
3. Current Liabilities      
(a) Trade Payables    40,000 48,000
Total   13,40,000 10,98,000
II. ASSETS      
1. Non-Current Assets      
(a) Fixed Assets :   8,50,000 5,60,000
Tangible Assets   2,32,000 1,60,000
(b) Non-Current Investments      
2. Current Assets      
(a) Current Investments   50,000 1,34,000
(b) Inventories   76,000 82,000
(c) Trade Receivables   38,000 92,000
(d) Cash and Cash Equivalents   94,000 70,000
Total   13,40,000 10,98,000

Notes to Accounts

Particulars 31st March,  31st March, 2012 (Rs)
  2013 (Rs)  
1. Reserves and Surplus    
Surplus, i.e., Balance in Statement of Profit and Loss 4,00,000 3,00,000
     
  4,00,000 3,00,000

 

 

The solution of Question 42 Chapter 4 of +2-B: –


Cash Flow Statement for the year ended 31st March,2013
Particulars
Rs
I. Cash Flow from Financing Activities    
Profit as per Statement of Profit and Loss :    
Closing Balance of Profit & Loss 4,00,000  
Less: Opening Balance of Profit & Loss 3,00,000 1,00,000
Profit Before Tax and extraordinary Items   1,00,000
Operating Profit before Working Capital Adjustments   1,00,000
Add: Decrease in Current Assets    
Inventories 6,000  
Trade Receivables 54,000  
Less: Decrease in Current Liabilities    
Trade Payables 8,000 52,000
Cash Generated from Operations   1,52,000
Less: Taxes Paid  
Cash Flow from Operating Activities   1,52,000
II. Cash Flow from Financing Activities    
Purchase of Tangible Assets 2,90,000  
Purchase on Non Current Investment 72,000 3,62,000
Net Cash Used in Investing Activities   3,62,000
III: Cash Flow from Financing Activities    
Issue of Share Capital 2,00,000  
Less : Long Term Borrowings 50,000 1,50,000
Net Cash Flow from Financing Activities   1,50,000
IV. Net Decrease in Cash and Cash Equivalents
  (60,000)
Add: Cash and Cash Equivalents in the beginning of the period
  2,04,000
Cash and Cash Equivalents at the end of the period
  1,44,000


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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 42 Chapter 5 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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