Question 47 Chapter 15 of Class 12 Part – 2 – 2024
47. (CFS Showing Operating, Investing & Financing Activities/Proposed Dividend) From the following particular prepare cash flow statement.
| Particulars |
Note No. |
31st March,2018 |
31st March, 2017 |
| I. Equity and Liabilities |
|
|
|
| Shareholders Fund : |
|
|
|
| Equity Share Capital |
|
1,50,000 |
1,00,000 |
| Reserves and surplus |
|
|
|
| Balance in Statement of Profit and Loss |
|
1,00,000 |
75,000 |
| Current Liabilities |
|
|
|
| Short-Term Borrowings : |
|
|
|
| Bank overdraft |
|
25,000 |
15,000 |
| Provision |
|
|
|
| Provision for Taxation |
|
15,000 |
10,000 |
| Total |
|
2,90,000 |
2,00,000 |
| Assets |
|
|
|
| Non-current Assets |
|
|
|
| Tangible Assets |
|
|
|
| Fixed assets |
|
1,00,000 |
1,00,000 |
| Less: accumulated depreciation |
|
-25,000 |
-20,000 |
| Current Assets |
|
|
|
| Stock |
|
70,000 |
30,000 |
| Trade Receivable |
|
85,000 |
45,000 |
| Cash at bank |
|
30,000 |
25,000 |
| Cash in hand |
|
30,000 |
20,000 |
| Total |
|
2,90,0000 |
2,00,000 |
| Additional Information |
Current Year |
Previous Year |
| Proposed Dividend |
15,000 |
10,000 |
The solution of Question 47 Chapter 15 of Class 12 Part – 2 – 2024: –
Cash Flow Statement
|
Particulars
|
Rs
|
| (A) Cash Flow from Operating Activities |
|
|
| Closing balance of Profit and Loss |
1,00,000 |
|
| Less: Opening balance of Profit and Loss |
75,000 |
|
| Net profit of the year after appropriation |
25,000 |
|
| Add: Provision for Taxation |
10,000 |
|
| Add: Proposed dividend (previous year) |
10,000 |
|
| Net profit before Taxation and extra-ordinary items |
50,000 |
|
| Adjustment for Non-cash and Non-operating |
|
|
| Add: deprecation |
5,000 |
|
| Cash operating Profit before Working Capital adj. |
55,000 |
|
| Less: Increase in current Assets: |
|
|
| Trade Receivable |
40,000 |
|
| Stock |
40,000 |
|
| Less: Tax Paid |
10,000 |
|
| Cash used in Operating Activities |
|
(35,000)
|
| (B) Cash flows from Investing Activities |
|
|
| Net cash used in investing Activities |
|
Nil
|
| (C) Cash flows from Financing Activities |
|
|
| Inflow of Cash |
|
|
| Share Capital Issued |
50,000 |
|
| Bank overdraft |
10,000 |
|
| Outflow of Cash |
|
|
| Dividend paid |
10,000 |
50,000
|
| Net cash flow from financing activities |
|
50,000
|
| Total Cash flow (A + B + C) |
|
15,000 |
| Opening Balance Cash |
|
30000 |
| Closing Balance Cash |
|
35000 |
Working Note:-
| Cash & Cash equivalent in the beginning |
|
|
| Cash in hand |
20,000 |
|
| Cash at bank |
25,000 |
45,000 |
| Less: Bank Overdraft |
|
15,000 |
|
|
30,000 |
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