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Question No 58 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
58 From the following information, prepare a Cash Flow Statement:
BALANCE SHEETS AS AT…….
| Particulars | 31.3.2022 | 31.3.2021 |
| I. Equity and liabilities | ||
| (1) Shareholders’ funds | 4,10,000 | 3,00,000 |
| Reserve & surplus | 1,00,000 | 60,000 |
| (2) non-current liabilities | – | – |
| 10% loan | – | 75,000 |
| (3) Current liabilities | ||
| (a) Bank overdraft | 35,000 | 37,000 |
| (b) Trade payable | 1,50,000 | 1,00,000 |
| (c) Short term provision | ||
| (Provision for tax) | 15,000 | 8,000 |
| 7,10,000 | 5,80,000 | |
| II. Assets | ||
| (1) Non-current assets | 5,00,000 | 4,50,000 |
| Less: accumulated Dep. | 60,000 | 50,000 |
| 4,40,000 | 4,00,000 | |
| (2) Current assets | ||
| (a) Current investments (short term) | 40,000 | 30,000 |
| (b) Inventories | 1,10,000 | 60,000 |
| (c) Trade receivable | 1,07,000 | 85,000 |
| (d) Cash and cash equivalents | 13,000 | 5,000 |
| 7,10,000 | 5,80,000 |
Additional Information: (1) Contingent liability 31.3.22 31.3.21
Proposed dividend 35000 25,000
(2) Loan was repaid on 31st April 2020
The solution of Question No 58 Chapter 8 – UNIMAX Class 12 Part 2 – 2021 : –
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31st MARCH . 2022
| Particulars | ₹ | ₹ |
| I. cash flow from operating activities | ||
| Net profit before tax (note 1) | 80,000 | |
| Adjustments for non-cash and non-operating items: | ||
| Add: depreciation on plant & machinery | 10,000 | |
| Operating profit before working capital changes | 90,000 | |
| Add: trade payable | 50,000 | |
| Less: inventory | (50,000) | |
| Trade receivable | 22,000 | |
| Payment of tax | (8,000) | |
| Net cash flow from operating activities | 60,000 | |
| B. cash flow from investing activities | ||
| Purchase of plant & machinery | (50,000) | |
| Net cash used in investing activities | (50,000) | |
| C. cash flow from financing activities | ||
| Issue of share capital | 1,10,000 | |
| Repayment of loan | (75,000) | |
| Repayment of short-term borrowing | (2,000) | |
| Payment of proposed dividend (previous year) | (25,000) | |
| Net cash used in financing activities | 8,000 | |
| Net increase in cash and cash equivalents | 18,000 | |
| Add cash and cash equivalents in the beg of the period | 35,000 | |
| Cash and cash equivalents attend of year | 53,000 |
Working Notes:
| Calculations of net profit before tax | ₹ |
| Reserve & surplus 31 march 2022 | 1,00,000 |
| Lens reserve & surplus 31 march 2021 | 60,000 |
| 40,000 | |
| Add proposed dividend for previous year | 25,000 |
| Provisions for tax made during the current year | 15,000 |
| Net profit before tax | 80,000 |
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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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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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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