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Question No 50 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
Balance Sheets of A as on 1.1.22 and 31.12.22 were as follows:
| Liabilities | 1.1.22 | 31.12.22 | Assets | 1.1.22 | 31.12.22 |
| Creditors | 40,000 | 44,000 | Cash | 10,000 | 7,000 |
| Mr. X’s Loan | 25,000 | – | Debtors | 30,000 | 50,000 |
| Bank Loan | 40,000 | 50,000 | Stock | 40,000 | 25,000 |
| Capital | 1,25,000 | 1,53,000 | Machinery | 80,000 | 55,000 |
| Land and Building | 70,000 | 1,10,000 | |||
| 2,30,000 | 2,47,000 | 2,30,000 | 2,47,000 |
During the year a machine costing 10,000 (accumulated depreciation 3,000) was sold for 5,000. Depreciation provided during the year was 18,000. Drawings during the year were17,000. You are required to prepare cash Flow Statement.
The solution of Question No 50 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31st DEC,2022
| Particulars | ₹ | ₹ | |
| A. Cash Flow from Operating Activities | |||
| Net Profit | 45,000 | ||
| Add: Depreciation | 18,000 | ||
| Loss on Sale Machinery | 2,000 | 20,000 | |
| 65,000 | |||
| Add: Increase in Current liabilities | |||
| Creditors | 4,000 | ||
| Decrease in Current Assets | 15,000 | 19,000 | 19,000 |
| Stock | 84,000 | ||
| Less: Increase in Current Assets | |||
| Debtors | (20,000) | (20,000) | |
| Purchase of Land and building | 64,000 | ||
| Cash Flow from Operating Activities | |||
| B. Cash Flow from investing Activities | |||
| Purchase of Land and Buildings | (40,000) | ||
| Sale of Machinery | 5,000 | ||
| Cash used in Investing Activities | (35,000) | ||
| C. Cash Flow from Financing Activities: | |||
| Repayment of Mrs. A’s Loan | (25,000) | ||
| Raising of Bank loan | 10,000 | ||
| Drawings | (17,000) | ||
| Cash used in Financing Activities | (32,000) | ||
| Net Decrease in cash and cash equivalents | (3,000) | ||
| Opening Cash Balance | 10,000 | ||
| Closing cash balance | 7,000 | ||
Working Notes:
CAPITAL A/C
| Particulars | ₹ | Particulars | ₹ |
| To Drawings | 17,000 | To Balance b/d | 1,25,000 |
| To balance c/d | 1,53,000 | By Net Profit (b.f.) | 45,000 |
| 1,70,000 | 1,70,000 |
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 02 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 14 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 26 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 38 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 51 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. 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. 6 – Tools/Methods of Financial Analysis
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Punjab School Education Board (PSEB) Solutions of Usha Publication.
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