Question 49 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 49 Chapter 5 of +2-B
Question No.49 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution


Question 49 Chapter 5 of +2-B


49. From the following Balance Sheet of JY Ltd. as at 31st March 2017, prepare a Cash Flow Statement:

JY Ltd. 
Balance Sheet as at 31st March, 2017
ParticularsNote No. 31st March, 2017 Rs31st March, 2016 Rs 
1. Shareholders’ Funds    
(a) Share Capital 5,00,0005,00,000
(b) Reserves and Surplus11,00,000-25,000
2. Non-Current Liabilities   
Long-term Borrowings22,50,0001,50,000
3. Current Liabilities   
(a) Short-term Borrowings31,50,0001,00,000
 (b) Short-term Provisions41,25,00075,000
Total 11,25,0008,00,000
1. Non-Current Assets   
Fixed Assets-Tangible 56,00,0004,50,000
2. Current Assets   
(a) Trade Receivables 2,75,0002,25,000
(b) Cash and Cash Equivalents 50,00025,000
(c) Short-term Loans and Advances 2,00,0001,00,000
Total 11,25,0008,00,000

Notes to Accounts

Particulars31st March, 2017( Rs)31st March,2016 ( Rs)
1. Reserves and Surplus  
Surplus, i.e., Balance in Statement of Profit and Loss1,00,000-25,000
2. Long-term Borrowings  
10% Debentures2,50,0001,50,000
3. Short-term Borrowings  
Bank Overdraft1,50,0001,00,000
4. Short-term Provisions  
Provision for Tax1,25,00075,000
5. Tangible Assets  
Accumulated Depreciation(1,37,500)-75,000

Note: Proposed Dividend for the years ended 31st March, 2016 and 2017 are Rs 50,000 and Rs 75,000 respectively.
Additional Information: Rs 1,00,000, 10% Debentures were issued on 31st March, 2017


The solution of Question 49 Chapter 4 of +2-B: –

Cash Flow Statement for the year ended 31st March,2019
I. Cash Flow from Financing Activities  
Profit as per Statement of Profit and Loss :  
Closing Balance of Profit & Loss1,00,000 
Less: Opening Balance of Profit & Loss(25,000)1,25,000
Profit Before Taxation1,25,000 
Proposed Dividend50,0001,75,000
Net Profit before tax and extraordinary items 3,00,000
Items to be Added:  
Interest paid on 10% debentures15,00077,500
Net Profit before Working Capital changes 3,77,500
Less: Increase in Current Assets  
Trade Receivables50,00050,000
Cash Generated from Operations 3,27,500
Less: Tax Paid 75,000
Net Cash Flow from Operating Activities 2,52,500
II. Cash Flow from Financing Activities  
Purchase of Machinery2,12,500 
Short term loans and advances given1,00,0003,12,500
Net Cash Used in Investing Activities 3,12,500
III: Cash Flow from Financing Activities  
Proceeds from issue of 10% debentures1,00,000 
Increase in the Bank Overdraft50,000 
Interest paid on debentures15,000 
Proposed Dividend paid50,00085,000
Net Cash Flow from Financing Activities 85,000
IV. Net Decrease in Cash and Cash Equivalents
Add: Cash and Cash Equivalents in the beginning of the period
Cash and Cash Equivalents at the end of the period



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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)

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)

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 Statements



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