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Question 60 Chapter 5 of +2-B
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Table of Contents
60. (Cash Flow Statement Showing Operating, Investing & Financing Activities) The Balance sheet of R. Ltd. is as follows
| 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 | |||
| General Reserve | |||
| Balance in Statement of Profit and Loss | 75,000 | 50,000 | |
| Non-current Liabilities | |||
| Long-term Borrowings : | |||
| Loan from Associate company | |||
| Loan from Bank | |||
| Current Liabilities | |||
| Trade Payable | 50,000 | 40,000 | |
| Total | 3,55,000 | 2,65,000 | |
| II. Assets | |||
| Non-Current Assets : | |||
| Tangible Assets | |||
| Land | |||
| Building | |||
| Machinery | 1,05,000 | 1,00,000 | |
| Current Assets : | |||
| Inventories | 70,000 | 50,000 | |
| Trade Receivable | 1,25,000 | 65,000 | |
| Cash | 75,000 | 50,000 | |
| Total | 5,75,000 | 3,75,000 |
During the year ₹ 26,000 was paid as a dividend for the previous year. The provision for depreciation against machinery as of 1-4-2017 was ₹ 27,000 and on 1-4-2018 ₹ 36,000. You are required to prepare the cash flow statement.
The solution of Question 61 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* | 1,000 | |
| Adjustment of non-Cash & Non-Operating Items | ||
| Add: Dividend Paid | 26,000 | |
| Depreciation on Machinery | 9,000 | 35,000 |
| Cash operating Profit before Working Capital adj. | 36,000 | |
| Add: Increase in Current Liabilities: | ||
| Trade Payable | 5,000 | |
| Add: Decrease in current Assets: | ||
| Inventories | 3,000 | |
| Add : Decrease in current Assets: | ||
| Trade Receivables | 3,400 | 4,600 |
| Cash flow from Operating Activities | 40,600 | |
| (B) Cash flows from Investing Activities | ||
| Outflow of Cash | ||
| Purchase of land | 10,000 | |
| Purchase of Building | 5,000 | |
| Purchase of Machinery | 15,000 | 30,000 |
| Net cash used in investing Activities | 30,000 | |
| (C) Cash flows from Financing Activities | ||
| Inflow of Cash | ||
| Loan from Associate company | 20,000 | |
| Outflow of Cash | ||
| Repayment of Bank loan | 6,000 | |
| Dividend Paid | 26,000 | 12,000 |
| Net cash flow from financing activities | 12,000 | |
| Net Increase in Cash & Cash Equivalents (A + B + C) | 1,400 | |
| Add: Cash & Cash equivalents in the beginning | 5,000 | |
| Cash & Cash equivalents at the end | 3,600 | |
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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
