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Question No 49 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
49.Following are the Balance Sheets of Mr. Anil Prepare a Cash Flow Statement.
| Liabilities | 31.3.2021 | 31.3.2022 | Assets | 31.3.2022 | 31.3.2022 |
| Capital | 3,00,000 | 2,20,000 | Fixed Assets | 3,00,000 | 2,50,000 |
| Trade Payable | 1,10,000 | 1,31,000 | Inventory | 80,000 | 60,000 |
| Outstanding Expenses | – | 16,000 | Trade Receivables | 40,000 | 42,000 |
| Bank Overdraft | 10,000 | – | Bank balance | – | 15,000 |
| 4,20,000 | 3,67,000 | 4,20,000 | 3,67,000 |
Other Information:
I. There was neither any drawings nor any capital addition during the year.
II. There was neither any Purchase nor sale of fixed assets during the year.
The solution of Question No 49 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31st MARCH . 2022
| Particulars | ₹ | ₹ |
| A. Cash Flow from Operating Activities | ||
| Net Loss for the year (Note1) | (80,000) | |
| Adjustment for non-cash and non -operating items. | ||
| Add: Depreciation on Assets | 50,000 | |
| Operating profit before working Capital changes | (30,000) | |
| Add: Decrease in Current Assets: | ||
| Inventory | 20,000 | |
| Increase in Current liabilities | ||
| Trade Payable | 21,000 | |
| Outstanding Expenses | 16,000 | |
| 27,000 | ||
| Less: Increase in Current Assets: | ||
| Trade Receivables | 2,000 | |
| Net Cash from Operating Activities | 25,000 | 25,000 |
| B. Cash Flow from investing Activities | Nil | |
| C. Cash Flow from Financing Activities: | ||
| Repayment of Bank Overdraft | (10,000) | |
| Net Cash used in Financing Activities | (10,000) | (10,000) |
| Net Increase in cash and cash equivalents | 15,000 | |
| Add Cash and cash equivalents in the beginning of the period | – | |
| Cash and cash equivalents at the End of the period | 15,000 |
Notes:
(1) No information is given in the question about the amount of net profit or net loss incurred during the year. As such the decrease in proprietor’s capital will be tarted as net loss:
| ₹ | |
| Opening Capital | 3,00,000 |
| Less: Closing Capital | 2,20,000 |
| Net Loss | 80,000 |
(2) Bank Overdraft will be tarted as financing activity.
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 01 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 13 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 25 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 37 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 50 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. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
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- 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.
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- 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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