Question 44 Chapter 5 of +2-B
PREPARING OF CASH FLOW STATEMENT (WITHOUT ADJUSTMENT)
44. (CFS Showing Operating, Investing & Financing Activities) Prepare a Cash Flow Statement on the basis of the information given in the Balance Sheet of Hitesh Ltd. :
| Particulars | Note No. | Figures for the current reporting period | Figures for the previous reporting period |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| Share Capital | 1,25,000 | 1,00,000 | |
| Reserves and surplus | |||
| Surplus (Profit and Loss Balance) | 35,000 | 25,000 | |
| Non-Current Liabilities | |||
| Long-term borrowings : | |||
| 10% Debentures | 40,000 | 50,000 | |
| Current Liabilities | |||
| Creditors | 30,000 | 20,000 | |
| Bills Payables | 50,000 | 10,000 | |
| Outstanding Expenses | 10,000 | 12,500 | |
| Total | 2,90,000 | 2,17,500 | |
| II. Assets | |||
| Non –Current Assets | |||
| Tangible Assets | |||
| Land end Building | 1,40,000 | 1,00,000 | |
| Machinery | 65,000 | 50,000 | |
| Intangible Assets : | |||
| Goodwill | 1,000 | 5,000 | |
| Current Assets | |||
| Inventories | 25,000 | 35,000 | |
| Trade Receivable | 20,000 | 10,000 | |
| Input IGST | 6,000 | 2,000 | |
| Input CGST | 12,000 | 4,000 | |
| Input SGST | 12,000 | 4,000 | |
| Cash and cash equivalents : | |||
| Cash | 9,000 | 7,500 | |
| Total | 2,90,000 | 2,17,500 |
The solution of Question 44 Chapter 5 of +2-B: –
| Cash Flow Statement of Hitesh Ltd. |
||
| Particulars |
Rs |
|
| (A) Cash Flow from Operating Activities | ||
| Add: General Reserve | 10,000 | |
| Goodwill Written off | 4,000 | |
| Interest on debentures | 5,000 | |
| Cash operating Profit before Working Capital adj. | 19,000 | |
| Add: Decrease in Current Assets | ||
| Inventories | 10,000 | |
| Add: Increase in Current Liabilities | ||
| Creditors | 10,000 | |
| Bills Payable | 40,000 | |
| Less: Increase in Current Assets | ||
| Trade Receivable | 30,000 | |
| Input IGST | 4,000 | |
| Input CGST | 8,000 | |
| Input SGST | 8,000 | |
| Less: Decrease in Current Liabilities | ||
| Outstanding Expenses | 2,500 | 46,500 |
| Cash used in Operating Activities | 46,500 |
|
| (B) Cash flows from Investing Activities | ||
| Outflow of Cash | ||
| Purchase of Land & Building | 40,000 | |
| Purchase of Machinery | 15,000 | 55,000 |
| Net cash used in investing Activities | 55,000 |
|
| (C) Cash flows from Financing Activities | ||
| Inflow of Cash | ||
| Issue of share capital | 25,000 | |
| Outflow of Cash | ||
| Redemption of Debenture | 10,000 | |
| Interest on Debentures (10% of 50,000) | 5,000 | 10,000 |
| Net cash flow from financing activities | 10,000 |
|
| Total Cash flow (A + B + C) | 1,500 | |
| Opening Balance Cash | 7,500 | |
| Closing Balance Cash | 9,000 | |
End of Solution
Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 15 – Cash Flow Statement Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
Question 05 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 17 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 28 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 39 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 49 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 59 Chapter 5 of +2-B – USHA Publication 12 Class
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Accounting Ratios
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
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