Question 57 Chapter 5 of +2-B
Table of Contents
57. (CFS Showing Operating, Investing & Financing Activities) From the following information prepare cash flow statement.
Particulars | Note No. | 31st March,2017 | 31st March,2018 |
I. Equity and Liabilities | |||
Shareholders Fund : | |||
Share Capital | 2,00,000 | 2,00,000 | |
Reserves and Surplus | |||
Balance in Statement of Profit and Loss | 90,000 | 50,000 | |
Non-Current Liabilities | |||
Bank Loan | – | 10,000 | |
Current Liabilities | |||
Trade Payable | 24,000 | 15,000 | |
Outstanding Expenses | 1,000 | 5,000 | |
Provisions | |||
Provisions Provision for Taxation | 25,000 | 20,000 | |
Total | 3,40,000 | 3,00,000 | |
II. Assets | |||
Non-Current Assets : | |||
Current Assets : | 2,00,000 | 2,00,000 | |
Inventories | |||
Trade Receivable | 90,000 | 50,000 | |
Cash and Cash Equivalents – Cash | |||
Bank | – | 10,000 | |
Total | 3,40,000 | 3,00,000 |
Net profit for the year 2017-18 after providing ₹ 20,000 as depreciation was ₹ 60,000. During 2017-18, Company declared an equity dividend of @10% and paid ₹ 15,000 as income tax.
The solution of Question 57 Chapter 5 of +2-B: –
Cash Flow Statement for the year ended 31st March 2018 |
||
Particulars |
Rs |
|
(A) Cash Flow from Operating Activities | ||
Net Profit before Tax and Extraordinary Items* | 40,000 | |
Adjustment of non-Cash & Non-Operating Items | ||
Add: Depreciation Charged | 20,000 | |
Provision for Taxation | 20,000 | 40,000 |
Cash operating Profit before Working Capital adj. | 80,000 | |
Add: Increase in Current Liabilities: | ||
Trade Payable | 9,000 | |
Add: Decrease in current Assets: | ||
Inventories | 10,000 | 19,000 |
Less: Decrease in current Liabilities: | 99,000 | |
Outstanding Expenses | 4,000 | |
Less: Increase in current Assets: | ||
Trade Receivables | 10,000 | 14,000 |
85,000 | ||
Less: Tax Paid | 15,000 | |
Cash flow from Operating Activities | 70,00 |
|
(B) Cash flows from Investing Activities | ||
Inflow of Cash | ||
Purchase of Non-current Assets* | 60,000 | |
Net cash used in investing Activities | 60,000 |
|
(C) Cash flows from Financing Activities | ||
Outflow of Cash | ||
Repayment of Bank Loan | 10,000 | |
Net cash flow from financing activities | 10,000 |
|
Net Increase in Cash & Cash Equivalents (A + B + C) | Nil | |
Add: Cash & Cash equivalents in the beginning | 30,000 | |
Cash & Cash equivalents at the end | 30,000 |
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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