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Question No 38 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
38. from the following details of balance sheets of M/s V.S electronic Ltd. as 31.12.2022 and 2022 prepare a cash flow statement:
| Particulars | 2021 | 2022 |
| Equity & liabilities | ||
| Equity share capital | 1,00,000 | 1,50,000 |
| 9% redeemable preference | ||
| Share capital | 50,000 | 40,000 |
| 12% debentures | 51,000 | 69,000 |
| General reserve | 30,000 | 20,000 |
| P & L A/c | 50,000 | 70,000 |
| 12 % public deposits | 80,000 | 1,20,000 |
| Creditors | 8,000 | 10,000 |
| Bills payable | 6,000 | 4,000 |
| Outstanding expenses | 3,000 | 1,000 |
| Total | 3,78,000 | 4,84,000 |
| Assets | ||
| Goodwill | 10,000 | 5,000 |
| Building | 1,50,000 | 2,20,000 |
| Plant | 80,000 | 1,00,000 |
| Stock | 60,000 | 75,000 |
| Debtors | 20,000 | 17,000 |
| Bills receivable | 8,000 | 9,000 |
| Accrued income | 10,000 | 6,000 |
| Prepare expenses | – | 2,000 |
| Cash | 40,000 | 50,000 |
| Total | 3,78,000 | 4,84,000 |
The solution of Question No 38 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –
M/S. V. S Electronics LTD.
Cash flow statement
For the year ended 31st Dec. 2022
| ₹ | ₹ | ||
| (A)cash flow from operating activities | |||
| Net profit as per profit and loss A/c | 20,000 | ||
| Less: transfer from general reserve | (10,000) | (10,000) | |
| Net profit before tax | 10,000 | ||
| Interest on public deposit | 9600 | ||
| Add: goodwill written off | 5,000 | ||
| Interest on debentures | 6120 | ||
| Dividend on 9% pref. share | 4500 | 25,220 | |
| Operating profit before working capital charges | 35,220 | ||
| Add: increase in current liabilities | |||
| Creditors | 2,000 | ||
| Decrease in current assets | |||
| Debtors | 3,000 | ||
| Accrued income | 4,000 | 9,000 | 9,000 |
| 44,220 | |||
| Less: decrease in current liabilities | |||
| Bills payable | (2,000) | ||
| Outstanding expenses | (2,000) | ||
| Increase in current assets | |||
| Stock | (15,000) | ||
| Bills receivable | (1,000) | ||
| Prepaid expenses | (2,000) | (22,000) | (22,000) |
| Cash flow from operating activities | 22,220 | ||
| (B)cash flow from investing activities | |||
| Purchase of building | (70,000) | ||
| Purchase of plant | (20,000) | (90,000) | |
| Net cash used in investing activities | |||
| (C)cash flow from financing activities | |||
| 9% dividend on pref. share | (4,500) | ||
| Interest on debentures | (6,120) | ||
| Cash proceeds from issue of share capital | 50,000 | ||
| Interest on public deposit | (9600) | ||
| Cash proceeds from issue of 12% public debentures | 18,000 | ||
| Cash proceeds from issue of 12% public deposit | 40,000 | ||
| Redemption of 9% redemption preference shares | (10,000) | ||
| Net cash flow from financing activities | 77,780 | ||
| Net increase in cash and cash equivalents | 10,000 | ||
| Opening cash balance | 40,000 | ||
| Closing cash balance | 50,000 | ||
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.
Question No 05 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 17 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 29 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 41 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 54 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.
- 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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