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Question No 19 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
19.from the following information, calculate the net cash flow from operating activities:
Balance sheets as at….
| Particulars | 31.3.2022 ₹ | 31.3.2021 ₹ |
| I. Equity and liabilities | ||
| (1) Shareholders’ funds | ||
| (a) Share capital (note1) | 35,000 | 30,000 |
| (B) Reserves and surplus (note2) | 22,000 | 3,500 |
| (2) Non-current liabilities (10%debentures) | 25,000 | 21,000 |
| (3) Current liabilities (trade payable) | 12,500 | 8,500 |
| Total | 94,500 | 63,000 |
| ii. Assets | ||
| (1) Non-cash assets | ||
| Tangible fixed assets (gross) | 54,000 | 41,000 |
| Provision for depreciation | (13,000) | (9,000) |
| Intangible assets (goodwill) | 8,000 | 10,000 |
| 10% non-current investments | 8,000 | 3,000 |
| (2) Current assets | ||
| Inventories | 24,500 | 6,000 |
| Cash & cash equivalents | 13,000 | 12,000 |
| Total | 94,500 | 63,000 |
Note 1: share capital
| Particulars | 31.03.2022 (₹) | 31.03.2021 (₹) |
| Equity shares of each | 35,000 | 30,000 |
Note 2: Reserves and surplus
| Particulars | 31.3.2022 (₹) | 31.3.2021 (₹) |
| General reserve | 15,000 | 9,500 |
| Profit and loss A/c | 7,000 | (6,000) |
| 22,000 | 3,500 |
Additional information: debentures were issued 31st march 2022 investments were made on 31st arch, 2022.
The solution of Question No 19 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –
Calculation of cash from operating activities
for the year ended 31st march ,2022
| ₹ | ₹ | |
| Net profit before tax (note1) | 18,500 | |
| Adjustment for non-cash and non- operating items: | ||
| add: payment of interest on long-team borrowing | ||
| (debentures) (10%on 21,000) | 2,100 | |
| Depreciation (13,000-9,000) | 4,000 | |
| Goodwill written off | 2,000 | 8,100 |
| 26,600 | ||
| Less: interest on non-current investments | 300 | |
| Operating profit before working capital changes | 26,300 | |
| Add: increase in current liabilities | ||
| Trade payable | 4,000 | |
| 30,300 | ||
| Less: increase in current assets: | ||
| Inventory | (18,500) | |
| Net current flow from operating activities | 11,800 |
Notes: (i) calculation of net profit before tax:
| Net profit during current year (7,000+6,000) | = | 13,000 |
| Add: transfer to general reserve | = | 5,500 |
| 18,500 |
Negative balance of profit & loss amounting to 6,000 appearing in the balance sheet on 31.3.2021 represents an amount of loss. In the current year, after covering this loss 6,000 the profit & loss shows a profit of 7,000. It means that net profit during the current year must have been 7,000+6,000=13,000
End of Solution
Check Out the Solution of all questions for this chapter:
The solution to all questions of Chapter No. 8 – Cash Flow Statement Class 12 Unimax is shown as follows, click on the image of the question to get the solution.
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Question No 12 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 49 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Check out all books for PSEB
1. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 1 Class 12 by Unimax
UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy Part 1 in Class 12. With their meticulously curated study material, students can access comprehensive solutions to all the questions in each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 12 examinations.
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- Chapter No. 1 – Accounts of Non-Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
- Chapter No. 3 – Partnership Accounts – II (Goodwill)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
- 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)
2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax
UnimaxSolutions.in presents an exceptional resource for students studying Advanced Accountancy Part 2 in Class 12. With their comprehensive study material, students can conveniently access extensive solutions to all the questions in each chapter. By simply selecting the desired chapter from the study material, students can effortlessly navigate through the topics and gain access to detailed explanations and step-by-step solutions to every problem presented in that particular section. Whether it involves understanding intricate accounting principles, honing calculation techniques, or analyzing complex financial statements, Unimax provides a valuable tool to support students in their learning journey. Equipped with these comprehensive solutions, students can enhance their comprehension, resolve any uncertainties, and strengthen their problem-solving abilities in Advanced Accountancy, empowering them to excel in their Class 12 examinations with confidence.
- 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
Punjab School Education Board (PSEB) Solutions of Usha Publication.
If you’re a student enrolled in the Punjab School Education Board Class 12, exploring a wide range of books to cover the syllabus thoroughly is essential. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to various writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.
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