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Question 58 Chapter 5 of +2-B
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58. (CFS Showing Operating, Investing & Financing Activities) Prepare cash flow .4 statement from the following as per AS-3 (Revised)
| BALANCE SHEETS | |||
| Particulars | Note No. | 31st March,2017 | 31st March,2018 |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| Equity Share Capital | 2,00,000 | 1,50,000 | |
| Reserves and Surplus | |||
| Balance in Statement of Profit and Loss | 75,000 | 50,000 | |
| Current Liabilities | |||
| Trade Payable | 50,000 | 40,000 | |
| Provisions for Taxation | 30,000 | 25,000 | |
| Total | 3,55,000 | 2,65,000 | |
| II. Assets | |||
| Non-Current Assets : | |||
| Tangible Assets | |||
| Fixed Assets | 1,05,000 | 1,00,000 | |
| Current Assets : | |||
| Inventories | 75,000 | 50,000 | |
| Trade Receivable | 75,000 | 65,000 | |
| Cash in hand | 1,00,000 | 50,000 | |
| Total | 3,55,000 | 2,65,000 |
Additional information:
(i) Dividend of ₹ 5,000 paid during the year
(ii) Income tax ₹ 25,000 was paid during the year
The solution of Question 58 Chapter 5 of +2-B: –
| Cash Flow Statement for the year ended 31st March 2016 | ||
| Particulars | Rs | |
| (A) Cash Flow from Operating Activities | ||
| Net Profit before Tax and Extraordinary Items* | 25,000 | |
| Adjustment of non-Cash & Non-Operating Items | ||
| Add: Provision for Tax | 30,000 | |
| Interim Dividend Paid | 5,000 | 35,000 |
| Cash operating Profit before Working Capital adj. | 60,000 | |
| Add: Increase in current Liabilities: | ||
| Trade Payable | 10,000 | |
| Less : Increase in current Assets: | ||
| Inventories | 25,00 | |
| Trade Receivables | 10,000 | 25,000 |
| 35,000 | ||
| Less: Tax Paid | 25,000 | |
| Cash Flow from Operating Activities | 10,000 | |
| (B) Cash flows from Investing Activities | ||
| Inflow of Cash | ||
| Purchase of Fixed Assets* | 5,000 | |
| Net cash used in investing Activities | 5,000 | |
| (C) Cash flows from Financing Activities | ||
| Inflow of Cash | ||
| Share Capital | 50,000 | |
| Outflow of Cash | ||
| Interim Dividend paid | 5,000 | 45,000 |
| Net cash flow from financing activities | 45,000 | |
| Net Increase in Cash & Cash Equivalents (A + B + C) | 50,000 | |
| Add: Cash & Cash equivalents in the beginning | 50,000 | |
| Cash & Cash equivalents at the end | 1,00,000 | |
Working Note
| Fixed Assets Account | |||
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Balance b/d | 1,00,000 | ||
| To Bank –Purchase (Bal. fig.) | 5,.000 | By Balance c/d | 1,05,000 |
| 1,05,000 | 1,05,000 | ||
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| Provision for Tax | |||
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Balance b/d | 25,000 | By Balance b/d | 25,000 |
| To Bank –Purchase (Bal. fig.) | 30,000 | By Profit & Loss – Provision (Bal. fig.) | 30,000 |
| 55,000 | 55,000 | ||
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.
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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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