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Question 53 Chapter 5 of +2-B
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53. (CFS Showing Operating, Investing & Financing Activities) Prepare cash flow statement from the following balance sheet as on March 31, 2018:
| Particulars | Note No. | 31st March,2018 | 31st March,2017 |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| Share Capital | 6,00,000 | 5,00,000 | |
| Reserves and Surplus | |||
| General Reserve | 25,000 | 10,000 | |
| Balance in Statement of Profit and Loss | 1,20,000 | 80,000 | |
| 2. Non-current Liabilities | |||
| Long-term Borrowings | |||
| 10% Debentures | 30,000 | 80,000 | |
| Current Liabilities | |||
| Trade Payable | 25,000 | 30,000 | |
| Total | 8,00,000 | 7,00,000 | |
| II. Assets | |||
| 1. Non-Current Assets : | |||
| Tangible Assets : | |||
| Land and Buildings | 3,50,000 | 2,75,000 | |
| Machinery | 3,45,000 | 2,90,000 | |
| Intangible Assets | |||
| Goodwill | 5,000 | 25,000 | |
| 2. Current Assets | |||
| Inventories | 45,000 | 85,000 | |
| Trade Receivables | 25,000 | 10,000 | |
| Cash | 30,000 | 15,000 | |
| Total | 8,00,000 | 7,00,000 |
Adjustment :
Depreciation provided on machinery during the year 12,000.
New shares were issued on 31st March 2018
10% Debentures were redeemed on 31st March 2018.
The solution of Question 53 Chapter 5 of +2-B: –
| Cash Flow Statement | ||
| Particulars | Rs | |
| (A) Cash Flow from Operating Activities | ||
| Net Profit as per the statement | 40,000 | |
| Adjustments of Non-cash or Non-Operating Items : | ||
| Add: General reserve | 15,000 | |
| Goodwill wrote off | 20,000 | |
| Depreciation on Machinery | 12,000 | |
| Interest on Debentures | 8,000 | 55,000 |
| Cash operating Profit before Working Capital adj. | 95,000 | |
| Add: Decrease in current Assets: | ||
| Inventories | 40,000 | |
| Less: Decrease in Current Liabilities: | ||
| Trade Payable | 5,000 | |
| Less: Increase in current Assets: | ||
| Trade Receivable | 15,000 | 20,000 |
| Cash flow from Operating Activities | 1,15,000 | |
| (B) Cash flows from Investing Activities | ||
| Outflow of Cash | ||
| Purchase of Land & Building | 75,000 | |
| Purchase of Machinery | 67,000 | 1,42,000 |
| Net cash used in investing Activities | 1,42,000 | |
| (C) Cash flows from Financing Activities | ||
| Inflow of Cash | ||
| Issue of Equity Shares | 1,00,000 | |
| Outflow of Cash | ||
| Redemption of Debentures | 50,000 | |
| Interest Paid on Debentures | 8,000 | 42,000 |
| Net cash flow from financing activities | 42,000 | |
| Net decrease in cash & Cash equivalents (A + B + C) | 15,000 | |
| Add: Cash equivalent at the beginning of the year | 15,000 | |
| Cash equivalent at the end of year | 30,000 | |
Working Note
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| Fixed Assets Account | |||
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Balance b/d | 2,90,000 | By Depreciation | 12,000 |
| To Bank –Purchase (Bal. fig.) | 67,000 | By Balance c/d | 3,45,000 |
| 3,57,000 | 3,57,000 | ||
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 11 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 20 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 26 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 32 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 45 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 51 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 57 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 64 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
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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
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication
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