Question 48 Chapter 5 of +2-B – USHA Publication 12 Class

Question 48 Chapter 5 of +2-B
Q-48- CH-5 Book 2 - Usha Publisher +2 Book 2019 - Solution

Question 48 Chapter 5 of +2-B

PREPARING OF CASH FLOW STATEMENT (WITHOUT ADJUSTMENT)

48. (CFS Showing Operating, Investing & Financing Activities) From the following particulars of Sanjeev Ltd. Prepare cash flow statement.

Particulars Note No. Figures of the current reporting period  Figures of the previous reporting period 
I. Equity and Liabilities      
 Shareholders Fund :       
Equity Share Capital   2,50,000 2,00,000
Reserves and surplus       
Balance in Statement of Profit and Loss    1,00,000 50,000
Discount on Debentures    (6,00) -10,000
II. Non-Current Liabilities       
Long-term Borrowings :       
10% Debentures    1,00,000 50,000
III. Current Liabilities       
Trade Payable    80,000 40,000
Output CGST     10,000 5,000
Output SGST    10,000 5,000
IV. Provisions       
Provision for doubtful debts    20,000 10,000
    5,64,000 3,50,000
V. Assets       
Non-current Assets       
Tangible Assets       
Fixed Assets (Net)   3,50,000 2,50,000
VI. Current Assets       
Trade Receivable    1,40,000 45,000
Marketable Securities    14,000 15,000
Cash in hand    60,000 40,000
    5,64,000 3,50,000

Prepare a Cash Flow Statement.

The solution of Question 48 Chapter 5 of +2-B: – 

Cash Flow Statement
Particulars
Rs
(A) Cash Flow from Operating Activities    
Closing balance of Profit and Loss 1,00,000  
Less: Opening balance of Profit and Loss (50,000)  
Net profit of the year after appropriation 50,000  
Add: Interest on debentures 5,000  
Discount on debentures 4,000  
Cash operating Profit before Working Capital adj. 59,000  
Add: Increase in Current Liabilities    
Tarde Payable 40,000  
Output CGST 5,000  
Output SGST 5,000  
Provision for doubtful debts 10,000  
Less: Increase in Current Assets    
Trade receivable 95,000 24,000
Cash flow from Operating Activities   24,000
(B) Cash flows from Investing Activities    
Outflow of Cash    
Purchase of Fixed Assets 1,00,000  
Net cash used in investing Activities   1,00,000
(C) Cash flows from Financing Activities    
Inflow of Cash    
Share Capital Issued 50,000  
Issue of Debentures 50,000  
Outflow of Cash    
Redemption of 10% Preference Shares 5,000 95,000
Net cash flow from financing activities   95,000
Total Cash flow (A + B + C)   19,000
Opening Balance Cash   55,000
Closing Balance Cash   74,000




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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statement

error: Content is protected !!