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Question No 56 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
56. From the following information of the balance sheets of Harshit Ltd. and the additional information given, make out a cash flow statement:
| Particulars | ₹ | ₹ | |
| Equity & liabilities | |||
| Equity share capital | 3,42,000 | 4,50,000 | |
| 8% redeemable | |||
| Preference shares | 1,50,000 | 1,00,000 | |
| General reserves | 40,000 | 70,000 | |
| Profit and loss a/c | 30,000 | 48,000 | |
| Creditors | 55,000 | 83,000 | |
| Bills payable | 20,000 | 16,000 | |
| Provision for taxation | 40,000 | 50,000 | |
| 6,77,000 | 8,17,000 | ||
| Assets | |||
| Goodwill | 1,15,000 | 90,000 | |
| Land and buildings | 2,00,000 | 1,70,000 | |
| Plant | 80,000 | 2,00,000 | |
| Debtors | 1,60,000 | 2,00,000 | |
| Stock | 77,000 | 1,09,000 | |
| Bills receivable | 20,000 | 30,000 | |
| Cash in hand | 15,000 | 10,000 | |
| Cash at bank | 10,000 | 8,000 | |
| TOTAL | 6,77,000 | 8,17,000 | |
Additional information:
(I) Depreciation of 10,000 and 20,000 have been charged on the plant account and land and building account respectively in 2021-22
(ii) an interim dividend of 20,000 has been paid in 2021-2022,
(iii) income tax of 35,000 was paid during the year 2021-2022.
Proposed dividend 2021—50,000; 2022-60,000.
The solution of Question No 56 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –
| (A) cash flow from operating activities | |||
| Net profit as per statement | 18,000 | ||
| Add: transfer to general reserve | 30,000 | ||
| Dividend on pref. Share | 12,000 | ||
| Proposed dividend | 50,000 | ||
| Interim dividend | 20,000 | ||
| Provision for taxation | 45,000 | 1,57,000 | |
| Profit before tax | 1,75,000 | ||
| Add: non-cash and non-operating items | |||
| Depreciation on plant 10,000 | |||
| Depreciation on land and building 20,000 | |||
25,000 | 55,000 | 55,000 | |
| Operating before working capital change | 2,30,000 | ||
| Add: increase in current liabilities | |||
| Creditors | 28,000 | 28,000 | |
| 2,58,000 | |||
| Less: increase in current assets | |||
| Debtors (40,000) | |||
| Stock (32,000) | |||
| Bills receivable (10,000) | |||
| Decrease in current liabilities | |||
| Bills payable (4000) | (86,000) | ||
| Cash from operating activities | 1,72,000 | ||
| Less: income tax paid | (35,000) | ||
| Cash from operating activities | 1,37,000 | ||
| (B) cash flow from investing activities | |||
| Sale of land and building | 10,000 | ||
| Purchase of plant | (1,30,000) | ||
| Cash flow from investing activities | (1,20,000) | ||
| Cash flow from financing activities | |||
| Proposed dividend paid | (50,000) | ||
| Issue of equity share capital | 1,08,000 | ||
| Redemption of preference share | (50,000) | ||
| Interim dividend paid | (20,000) | ||
| Dividend on pref. Share | (12,000) | ||
| Cash flow from financing activities | (24,000) | ||
| Net decrease in cash and cash equivalents | (7,000) | ||
| Opening balance of cash and bank (15,000+10,000) | 25,000 | ||
| Closing balance of cash and bank (10,000+8,000) | 18,000 | ||
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 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.
- 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.
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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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