Advertisement
Question 62 Chapter 5 of +2-B
Advertisement
62. (CFS Showing Operating, Investing & Financing Activities) From the following balance sheets of ABC Ltd. An the additional information given make out a statement of Cash flow.
| BALANCE SHEETS | |||
| Particulars | Note No. | 31st March,2018 | 31st March,2017 |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| Equity Share Capital | 4,00,000 | 3,00,000 | |
| 8% preference share capital | 1,00,000 | 1,50,000 | |
| Reserves and Surplus | |||
| General Reserve | 70,000 | 40,000 | |
| Balance in Statement of Profit and Loss | 48,000 | 30,000 | |
| Current Liabilities | |||
| Trade Payable | 1,49,000 | 1,17,000 | |
| Provision for Taxation | 50,000 | 40,000 | |
| Total | 8,17,000 | 6,77,000 | |
| II. Assets | |||
| Non-Current Assets : | |||
| Tangible Assets | |||
| Land and Building | 1,70,000 | 2,00,000 | |
| Plant | 2,00,000 | 80,000 | |
| Intangible Assets | |||
| Goodwill | 90,000 | 1,15,000 | |
| Current Assets : | |||
| Inventories (stock) | 1,09,000 | 77,000 | |
| Trade Receivable | 2,30,000 | 1,80,000 | |
| Cash at Bank | 8,000 | 10,000 | |
| Cash in hand | 10,000 | 15,000 | |
| Total | 8,17,000 | 6,77,000 |
Additional information (1) Depreciation provided during 2017-18 : Plant ₹ 10,000, Land and building ₹ 20,000.
(2) An interim dividend of ₹ 20,000 has been paid during 2017-18.
(3) Income tax paid during the year ₹ 35,000.
(4) Proposed dividend 31-3-2018 31-3-2017
50,000 42,000
The solution of Question 62 Chapter 5 of +2-B: –
| Cash Flow Statement for the year ended 31st March 2007 | ||
| Particulars | Rs | |
| (A) Cash Flow from Operating Activities | ||
| Net Profit before Tax and Extraordinary Items* | 18,000 | |
| Adjustment of non-Cash & Non-Operating Items | ||
| Add: Transfer to General Reserve | 30,000 | |
| Proposed Dividend | 42,000 | |
| Depreciation on Plant | 10,000 | |
| Depreciation on Land & Building | 20,000 | |
| Interim Dividend | 20,000 | |
| Provision for taxation | 45,000 | |
| Goodwill written off | 25,000 | 25,000 |
| Cash operating Profit before Working Capital adj. | 83,000 | |
| Add: Increase in current Liabilities: | ||
| Trade Payable | 32,000 | |
| Less : Increase in current Assets: | ||
| Inventories | 32,000 | |
| Trade Receivables | 40,000 | |
| Bills Receivables | 10,000 | 50,000 |
| Less: Income Tax Paid | 30,000 | |
| Cash flow from Operating Activities | 1,25,000 | |
| (B) Cash flows from Investing Activities | ||
| Inflow of Cash | ||
| Sale of Land & Building | 10,000 | |
| Outflow of Cash | ||
| Purchase of Plant | 1,30,000 | |
| Cash used in Investing Activities | ||
| Net cash used in investing Activities | 1,20,000 | |
| (C) Cash flows from Financing Activities | ||
| Inflow of Cash | ||
| Issue of Share Capital | 2,00,000 | |
| Outflow of Cash | ||
| Dividend paid | 42,000 | |
| Interim Dividend Paid | 20,000 | |
| Redemption of preference shares | 50,000 | 12,000 |
| Net cash flow from financing activities | 12,000 | |
| Net Increase in Cash & Cash Equivalents (A + B + C) | 7,000 | |
| Add: Cash & Cash equivalents in the beginning | 25,000 | |
| Cash & Cash equivalents at the end | 18,000 | |
| Plant Account | |||
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Balance b/d | 80,000 | By Depreciation | 10,000 |
| To Bank –Purchase (Bal. fig.) | 1,30,000 | By Balance c/d | 2,00,000 |
| 2,10,000 | 2,10,000 | ||
| Land & Building Account | |||
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Balance b/d | 2,00,000 | By Depreciation | 20,000 |
| By Bank – Sale | 10,000 | ||
| By Balance c/d | 1,70,000 | ||
| 2,00,000 | 2,00,000 | ||
Advertisement-X
| Provision for Taxation Account | |||
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Bank – Payment | 35,000 | By Balance b/d | 40,000 |
| To Balance c/d | 50,000 | ||
| By Profit & Loss | 45,000 | ||
| 85,000 | 85,000 | ||
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.
Advertisement-Y
Question 05 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Question 11 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Question 20 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Question 26 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Question 32 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Question 39 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Question 45 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Question 51 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Question 57 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
Advertisement-Y
Question 64 Chapter 5 of +2-B – USHA Publication 12 Class
Advertisement-X
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.
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
- 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
Advertisement-X