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

Question 54 Chapter 5 of +2-B

54. (CFS Showing Operating, Investing & Financing Activities) From the following balance sheet and additional information of Good Wood Co. Ltd., you are required to prepare the Cash flow statement as per AS-3 (Revised).

Particulars	Note No.	31st March,2017	31st March,2018
I. Equity and Liabilities
Shareholders Fund :
(a) Share Capital		30,000	45,000
(b) Reserves and Surplus		7,000	18,500
2. Current Liabilities
Trade Payable	1	10,500	13,500
Total		47,500	77,000
II. Assets
1. Non-Current Assets :
(i) Fixed Assets		20,000	49,000
2. Current Assets
(a) Inventories (Stock)		9,000	9,000
(b) Trade Receivables (Debtors)		12,000	10,000
(c) Cash and Cash Equivalents (Cash)		6,500	9,000
Total		47,500	77,000

Notes to Accounts

Particulars	2017-18 ₹	2016-17 ₹
1. Trade Payable
Creditors	8,000	9,500
Bills Payable	2,500	4,000
	10,500	13,500

Additional Information
(i) Income tax paid during the year 4,500.
(ii) Interim Dividend paid during the year was 12% per annum on the opening balance of share capital

The solution of Question 54 Chapter 5 of +2-B: –

Cash Flow Statement
Particulars		Rs
(A) Cash Flow from Operating Activities
Net Profit before Tax and Extraordinary Items*		19,600
Cash operating Profit before Working Capital adj.		19,600
Add: Increase in current Liabilities:
Creditors	1,500
Bills payable	1,500
Add: Decrease in current Assets:
Trade Receivable	2,000	5,000
Less: Tax Paid		4,500
Cash flow from Operating Activities		20,100
(B) Cash flows from Investing Activities
Outflow of Cash
Purchase of Fixed Assets
Cash used in Investing Activities		29,000
Net cash used in investing Activities		29,000
(C) Cash flows from Financing Activities
Inflow of Cash
Issue of Equity Shares	15,000
Outflow of Cash
Interim Dividend Paid	3,600	11,400
Net cash flow from financing activities		11,400
Net decrease in cash & Cash equivalents (A + B + C)		2,500
Add: Cash equivalent at the beginning of the year		6,500
Cash equivalent at the end of year		9,000

Working Note

Net Profit before Tax and Extraordinary Items
Particulars	Amount ₹
Net Profit of the Current Year	11,500
Add: Interim Dividend Paid	3,600
Provision of Tax	4,500
	19,600

End of Solution

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Question 54 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

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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

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

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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