Question 47 Chapter 5 of +2-B – USHA Publication 12 Class

Question 47 Chapter 5 of +2-B

Question 47 Chapter 5 of +2-B

PREPARING OF CASH FLOW STATEMENT (WITHOUT ADJUSTMENT)

47. (CFS Showing Operating, Investing & Financing Activities/Proposed Dividend) From the following particular prepare cash flow statement.

Particulars Note No. 31st March,2018 31st March, 2017
I. Equity and Liabilities      
 Shareholders Fund :       
Equity Share Capital   1,50,000 1,00,000
Reserves and surplus       
Balance in Statement of Profit and Loss    1,00,000 75,000
Current Liabilities      
Short-Term Borrowings :       
Bank overdraft   25,000 15,000
Provision      
Provision for Taxation   15,000 10,000
Total   2,90,000 2,00,000
Assets      
Non-current Assets      
Tangible Assets      
Fixed assets   1,00,000 1,00,000
Less: accumulated depreciation   -25,000 -20,000
Current Assets      
Stock   70,000 30,000
Trade Receivable   85,000 45,000
Cash at bank   30,000 25,000
Cash in hand   30,000 20,000
Total   2,90,0000 2,00,000
Additional Information  Current Year  Previous Year   
Proposed Dividend 15,000 10,000

The solution of Question 47 Chapter 5 of +2-B: – 

Cash Flow Statement of Hitesh Ltd.
Particulars
Rs
(A) Cash Flow from Operating Activities    
Closing balance of Profit and Loss 1,00,000  
Less: Opening balance of Profit and Loss 75,000  
Net profit of the year after appropriation 25,000  
Add: Provision for Taxation 10,000  
Add: Proposed dividend (previous year) 10,000  
Net profit before Taxation and extra-ordinary items 50,000  
Adjustment for Non-cash and Non-operating    
Add: deprecation 5,000  
Cash operating Profit before Working Capital adj. 55,000  
Less: Increase in current Assets:    
Trade Receivable 40,000  
Stock 40,000  
Less: Tax Paid 10,000  
Cash used in Operating Activities   (35,000)
(B) Cash flows from Investing Activities    
Net cash used in investing Activities   Nil
(C) Cash flows from Financing Activities    
Inflow of Cash    
Share Capital Issued 50,000  
Bank overdraft 10,000  
Outflow of Cash    
Dividend paid 10,000 50,000
Net cash flow from financing activities
  50,000
Total Cash flow (A + B + C)   15,000
Opening Balance Cash   45,000
Closing Balance Cash   60,000

 

Working Note:-

Cash & Cash equivalent in the beginning    
Cash in hand 20,000  
Cash at bank 25,000 45,000
Less: Bank Overdraft   15,000
    30,000

 


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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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

2 Book 3 min 225x300 - Question 47 Chapter 5 of +2-B  - USHA Publication 12 Class
T.S. Grewal’s Analysis of Financial Statement

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