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Question No 51 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
Balance Sheets of A as on 1.1.22 and 31.12.22 were as follows:
| Particulars | ₹ | ₹ | |
| Equity & Liabilities | |||
| Equity Share Capital | 6,00,000 | 7,00,000 | |
| 18% Preference | 4,00,000 | 2,00,000 | |
| Share Capital | |||
| 14% Debentures | 2,00,000 | 4,00,000 | |
| Reserves and Surplus | 2,20,000 | 5,40,000 | |
| Creditors | 1,40,000 | 2,90,000 | |
| Provision for Doubtful Debts | 20,000 | 30,000 | |
| Total | 15,80,000 | 21,60,000 | |
| Assets | |||
| Fixed Assets (Net) | 10,20,000 | 12,40,000 | |
| 10% Investment | 60,000 | 1,60,000 | |
| Cash | 80,000 | 1,50,000 | |
| Debtors | 2,00,000 | 4,20,000 | |
| Stock | 2,00,000 | 1,80,000 | |
| Discount on Debentures | 20,000 | 10,000 | |
| Total | 15,80,000 | 21,60,000 | |
You are informed that during the year:
(a) A machine with a book value of 80,000 was sold for 50,000.
(b) Depreciation charged during the year was 1,40,000.
(c) Preference Shares were redeemed on 31.3.2022 at a premium of 5%.
(d) An Interim Dividend @ 15%was paid on equity shares on 31.3. 2022.Prefrence Dividend was also paid on 31.3.2022.
(e) New shares and debentures were issued on 31.3.2022
The solution of Question No 51 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 as per Reserve & surplus | 3,20,000 | ||
| Add: Pref. share Dividend | 72,000 | ||
| Interim Dividend | 90,000 | 1,62,000 | |
| 4,82,000 | |||
| Add: Less on sale of machinery | 30,000 | ||
| Depreciation charged | 1,40,000 | ||
| Premium on redemption of pref. shares | 10,000 | ||
| Interest on debentures | 28,000 | ||
| Discount on issue of debentures written off | 10,000 | 2,18,000 | |
| 7,00,000 | |||
| Less: Interest on Investment | (6000) | (6000) | |
| Operating profit before working Capital charges | 6,94,000 | ||
| Add: Increase in Current Liabilities | |||
| Creditors 1,50,000 | |||
| Provision on for doubtful debts 10,000 | |||
| Decrease in Current Assets | |||
| Stock 20,000 | 1,80,000 | 1,80,000 | |
| 8,74,000 | |||
| Add: Increase in Current liabilities | |||
| Debtors | (200,000) | (200,000) | |
| Cash Flow Operating Activities | 6,54,000 | ||
| B. Cash Flow from investing Activities | |||
| Purchase of fixed assets | (4,40,000) | ||
| Purchase of fixed Investment | (1,00,000) | ||
| Receipt of Interest Investment | 6000 | ||
| Sale of fixed assets | 50,000 | (4,84,000) | |
| Cash used in investing activities | |||
| C. Cash Flow from Financing Activities | |||
| Issue Equity share Capital | 1,00,000 | ||
| Redemption of pref. Shares (2,00,000+10,000) | (2,10,000) | ||
| Issue of Debentures | 200,000 | ||
| Payment of Equity Share dividend | (90,000) | ||
| Payment of preference share dividend | (72,000) | ||
| Payment of Interest on Debentures | (28,000) | ||
| Cash used in Financing Activities | (100,000) | ||
| Net Increase in cash and cash equivalents | 70,000 | ||
| Opening Cash Balance | 80,000 | ||
| Closing Cash Balance | 1,50,000 | ||
Working Notes:
Fixed Assets A/c
| Particulars | ₹ | Particulars | ₹ |
| To balance b/d | 10,20,000 | By Bank A/c (sale) | 50,000 |
| To cash A/c (Purchase) | 4,40,000 | BY P&L A/c (loss on assets sold) | 30,000 |
| BY P&L A/c(Dep) | 1,40,000 | ||
| To balance c/d | 12,40,000 | ||
| 14,60,000 | 14,60,000 |
End of Solution
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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 11 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 23 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 35 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 48 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 60 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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