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

Advertisement-X

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

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

Question 02 Chapter 5 of +2-B – USHA Publication 12 Class

Question 03 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-Y

Question 05 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

Question 06 Chapter 5 of +2-B – USHA Publication 12 Class

Question 07 Chapter 5 of +2-B – USHA Publication 12 Class

Question 08 Chapter 5 of +2-B – USHA Publication 12 Class

Question 09 Chapter 5 of +2-B – USHA Publication 12 Class

Question 10 Chapter 5 of +2-B – USHA Publication 12 Class

Question 11 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

Question 16 Chapter 5 of +2-B – USHA Publication 12 Class

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

Advertisement-Y

Question 18 Chapter 5 of +2-B – USHA Publication 12 Class

Question 17 Chapter 5 of +2-B – USHA Publication 12 Class

Question 19 Chapter 5 of +2-B – USHA Publication 12 Class

Question 20 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

Question 21 Chapter 5 of +2-B – USHA Publication 12 Class

Question 22 Chapter 5 of +2-B – USHA Publication 12 Class

Question 23 Chapter 5 of +2-B – USHA Publication 12 Class

Question 24 Chapter 5 of +2-B – USHA Publication 12 Class

Question 25 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-Y

Question 26 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

Question 27 Chapter 5 of +2-B – USHA Publication 12 Class

Question 28 Chapter 5 of +2-B – USHA Publication 12 Class

Question 29 Chapter 5 of +2-B – USHA Publication 12 Class

Question 30 Chapter 5 of +2-B – USHA Publication 12 Class

Question 31 Chapter 5 of +2-B – USHA Publication 12 Class

Question 32 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

Question 33 Chapter 5 of +2-B – USHA Publication 12 Class

Question 34 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-Y

Question 35 Chapter 5 of +2-B – USHA Publication 12 Class

Question 36 Chapter 5 of +2-B – USHA Publication 12 Class

Question 37 Chapter 5 of +2-B – USHA Publication 12 Class

Question 39 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

Question 40 Chapter 5 of +2-B – USHA Publication 12 Class

Question 41 Chapter 5 of +2-B – USHA Publication 12 Class

Question 42 Chapter 5 of +2-B – USHA Publication 12 Class

Question 43 Chapter 5 of +2-B – USHA Publication 12 Class

Question 44 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-Y

Question 45 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

Question 46 Chapter 5 of +2-B – USHA Publication 12 Class

Question 47 Chapter 5 of +2-B – USHA Publication 12 Class

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

Advertisement-X

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

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

Advertisement-Y

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

Question 57 Chapter 5 of +2-B – USHA Publication 12 Class

Advertisement-X

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

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

Question 60 Chapter 5 of +2-B – USHA Publication 12 Class

Question 62 Chapter 5 of +2-B – USHA Publication 12 Class

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

Advertisement-Y

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

Advertisement-X

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

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

Download a PDF of Chapter No. 15 – Cash Flow Statement:

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

Download Now From our Store

Advertisement-X

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

Advertisement-X

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

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