Question 62 Chapter 15 of Class 12 Part – 2 – 2024
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 15 of Class 12 Part – 2 – 2024: –
| 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 | ||
| 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 | ||
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
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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
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
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- Chapter No. 1 – Company Accounts (Share Capital)
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- Chapter No. 5 -Financial Statement Analysis
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- Chapter No. 8 – Cash Flow Statement
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