Question 48 Chapter 15 of Class 12 Part – 2 – 2024
PREPARING OF CASH FLOW STATEMENT (WITHOUT ADJUSTMENT)
48. (CFS Showing Operating, Investing & Financing Activities) From the following particulars of Sanjeev Ltd. Prepare cash flow statement.
| Particulars | Note No. | Figures of the current reporting period | Figures of the previous reporting period |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| Equity Share Capital | 2,50,000 | 2,00,000 | |
| Reserves and surplus | |||
| Balance in Statement of Profit and Loss | 1,00,000 | 50,000 | |
| Discount on Debentures | (6,00) | -10,000 | |
| II. Non-Current Liabilities | |||
| Long-term Borrowings : | |||
| 10% Debentures | 1,00,000 | 50,000 | |
| III. Current Liabilities | |||
| Trade Payable | 80,000 | 40,000 | |
| Output CGST | 10,000 | 5,000 | |
| Output SGST | 10,000 | 5,000 | |
| IV. Provisions | |||
| Provision for doubtful debts | 20,000 | 10,000 | |
| 5,64,000 | 3,50,000 | ||
| V. Assets | |||
| Non-current Assets | |||
| Tangible Assets | |||
| Fixed Assets (Net) | 3,50,000 | 2,50,000 | |
| VI. Current Assets | |||
| Trade Receivable | 1,40,000 | 45,000 | |
| Marketable Securities | 14,000 | 15,000 | |
| Cash in hand | 60,000 | 40,000 | |
| 5,64,000 | 3,50,000 |
Prepare a Cash Flow Statement.
The solution of Question 48 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 | (50,000) | |
| Net profit of the year after appropriation | 50,000 | |
| Add: Interest on debentures | 5,000 | |
| Discount on debentures | 4,000 | |
| Cash operating Profit before Working Capital adj. | 59,000 | |
| Add: Increase in Current Liabilities | ||
| Tarde Payable | 40,000 | |
| Output CGST | 5,000 | |
| Output SGST | 5,000 | |
| Provision for doubtful debts | 10,000 | |
| Less: Increase in Current Assets | ||
| Trade receivable | 95,000 | 24,000 |
| Cash flow from Operating Activities | 24,000 |
|
| (B) Cash flows from Investing Activities | ||
| Outflow of Cash | ||
| Purchase of Fixed Assets | 1,00,000 | |
| Net cash used in investing Activities | 1,00,000 |
|
| (C) Cash flows from Financing Activities | ||
| Inflow of Cash | ||
| Share Capital Issued | 50,000 | |
| Issue of Debentures | 50,000 | |
| Outflow of Cash | ||
| Redemption of 10% Preference Shares | 5,000 | 95,000 |
| Net cash flow from financing activities | 95,000 |
|
| Total Cash flow (A + B + C) | 19,000 | |
| Opening Balance Cash | 55,000 | |
| Closing Balance Cash | 74,000 | |