Question 50 Chapter 5 of +2-B - USHA Publication 12 Class

Question 50 Chapter 5 of +2-B

PREPARING OF CASH FLOW STATEMENT (WITH ADJUSTMENT)

50. (CFS Showing Operating, Investing & Financing Activities/Proposed Dividend) The balance sheets of Kewal Ltd. were as follows :

Particulars	Note No.	31st March 2018	31st March 2018
I. Equity and Liabilities
Shareholders Fund :
Equity Share Capital		2,00,000	1,50,000
Reserves and surplus
Balance in Statement of Profit and Loss		24,000	15,000
		3,58,500	2,97,500
II. Assets
Non-Current Assets :
Tangible Assets
Plant & Machinery		1,00,000	40,000
Current Assets
Inventories
Cash and Cash Equivalents-Cash

Additional Information:
(a) 50,000 depreciation has been charged on plant and machinery during the year 2017-18.
(b) A piece of machinery costing 12,000 (book value 5,000) was sold at 60% profit on book value.
(c) Proposed Dividend 31.3.2018 31.3.2017
50,000 40,000

Prepare Cash Flow Statement.

The solution of Question 50 Chapter 5 of +2-B: –

Cash Flow Statement
Particulars		Rs
(A) Cash Flow from Operating Activities
Net Profit before taxation
Profit as per the statement	1,10,000
Add: Proposed dividend	40,000	1,50,000
Adjustments of Non-cash or Non-Operating Items :
Add: Depreciation on Plant and Machinery	50,000
Less: Non-Operating Income
Profit on Sale of Machinery	3,000	47,000
Cash operating Profit before Working Capital adj.		1,97,000
Less: Increase in current Assets:
Inventories	25,000	25,000
Cash used in Operating Activities		1,72,000
(B) Cash flows from Investing Activities
Outflow of Cash
Sale of Plant and Machinery	8,000
Outflow of Cash
Purchase of Plant and Machinery	3,55,000	3,47,000
Net cash used in investing Activities		3,47,000
(C) Cash flows from Financing Activities
Inflow of Cash
Share Capital Issued	3,00,000
Outflow of Cash
Proposed dividend paid	40,000	2,60,000
Net cash flow from financing activities		2,60,000
Net decrease in cash & Cash equivalents (A + B + C)		85,000
Add: cash equivalent at the beginning of the year		3,15,000
Cash equivalent at the end of year		4,00,000

Working Note

Plant and Machinery Account
Particulars	Amount ₹	Particulars	Amount ₹
To Balance b/d	5,00,000	By Depreciation	50,000
To Statement of Profit & Loss – Profit	3,000	By Bank A/c – Sale	8,000
To Bank –Purchase (Bal. fig.)	3,55,000	By Balance c/d	8,00,000
	8,58,000		8,58,000

End of Solution

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

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

Question 49 Chapter 5 of +2-B – USHA Publication 12 Class

Question 50 Chapter 5 of +2-B – USHA Publication 12 Class

Question 51 Chapter 5 of +2-B – USHA Publication 12 Class

Question 52 Chapter 5 of +2-B – USHA Publication 12 Class

Question 53 Chapter 5 of +2-B – USHA Publication 12 Class

Question 54 Chapter 5 of +2-B – USHA Publication 12 Class

Question 55 Chapter 5 of +2-B – USHA Publication 12 Class

Question 56 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 58 Chapter 5 of +2-B – USHA Publication 12 Class

Question 59 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 63 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 64 Chapter 5 of +2-B – USHA Publication 12 Class

Question 65 Chapter 5 of +2-B – USHA Publication 12 Class

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Chapter No. 8 – Company Accounts (Share Capital)

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Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

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Chapter No. 15 – Cash Flow Statement

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