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Question 55 Chapter 5 of +2-B
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55. (CFS Showing Operating, Investing & Financing Activities) From the following balance sheet of Sewak Ltd. as on 31st March, 2017 and 2018. Prepare cash flow statement.
| Particulars | Note No. | 31st March 2017 | 31st March 2018 |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| (a) Share Capital | 4,00,000 | 7,00,000 | |
| (b) Reserves and Surplus (Balance in statement of profit and loss) | 50,000 | 3,20,000 | |
| 2. Non-current Liabilities | |||
| Long-term Borrowings (9% debentures) | 2,00,000 | 4,00,000 | |
| 3. Current Liabilities | |||
| (a) Trade Payables (Creditors) | 1,10,000 | 1,50,000 | |
| (b) Other Current Liabilities (Expenses) | 10,000 | 20,000 | |
| Total | 6,70,000 | 9,50,000 | |
| II. Assets | |||
| 1. Non-Current Assets : | |||
| (a) Fixed Assets | 3,00,000 | 5,00,000 | |
| (b) Non —current Investments | 2,00,000 | 1,40,000 | |
| 2. Current Assets | |||
| (a) Inventories (Stock) | 50,000 | 1,00,000 | |
| (b) Trade Receivables (Debtors) | 1,00,000 | 1,70,000 | |
| (c) Cash and Cash Equivalents | 20,000 | 40,000 | |
| Total | 6,70,000 | 9,50,000 |
Additional Information
Included in fixed assets was a piece of machinery costing 70,000 on which depreciation charged was 40,000 and it was sold for Z 30,000. During the year, 1,40,000 depreciation was charged on fixed assets. Prepare the cash flow statement.
The solution of Question 55 Chapter 5 of +2-B: –
| Cash Flow Statement for the year ended 31st March 2016 | ||
| Particulars | Rs | |
| (A) Cash Flow from Operating Activities | ||
| Net Loss as per the statement of Profit and Loss A/c | 2,70,000 | |
| Adjustment of Non-cash & Non-Operating items | ||
| Add: Depreciation on Fixed Assets | 1,40,000 | |
| Interest on Debentures 6% on ₹ 2,00,000 | 18,000 | 1,58,000 |
| Operating Loss before change in Working Capital | 1,12,000 | |
| Add: Increase in Current Liabilities: | ||
| Creditors | 40,000 | |
| Outstanding Expenses | 10,000 | 50,000 |
| Less: Increase in current Assets: | ||
| Inventories | 50,000 | |
| Debtors | 70,000 | 1,20,000 |
| Cash used in Operating Activities | 1,82,000 | |
| (B) Cash flows from Investing Activities | ||
| Inflow of Cash | ||
| Sale of Fixed Assets | 30,000 | |
| Sale of Investment | 60,000 | |
| Outflow of Cash | ||
| Purchase of Fixed Assets | ||
| Cash used in Investing Activities | 3,70,000 | |
| Net cash used in investing Activities | 2,80,000 | |
| (C) Cash flows from Financing Activities | ||
| Inflow of Cash | ||
| Issue of Equity Shares | 3,00,000 | |
| Issue of 9% Debentures | 2,00,000 | |
| Outflow of Cash | ||
| Interest paid on Debentures | 18,000 | 4,82,000 |
| Net cash flow from financing activities | 4,82,000 | |
| Net decrease in cash & Cash equivalents (A + B + C) | 20,000 | |
| Add: Cash equivalent at the beginning of the year | 20,000 | |
| Cash equivalent at the end of year | 40,000 | |
Working Note
| Fixed Assets Account | |||
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Balance b/d | 3,00,000 | By Depreciation | 1,40,000 |
| By Bank A/c –Sale | 30,000 | ||
| To Bank –Purchase (Bal. fig.) | 3,70,000 | By Balance c/d | 5,00,000 |
| 6,70,000 | 6,70,000 | ||
End of Solution
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Question 06 Chapter 5 of +2-B – USHA Publication 12 Class
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Question 58 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
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Chapter No. 14 – Accounting Ratios
Chapter No. 15 – Cash Flow Statement
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- 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
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