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Question No 60 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
60 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 | ||
| Equity share capital | 1,50,000 | 2,00,000 |
| 9% preference share capital | 1,10,000 | 50,000 |
| Reserve and surplus | 50,000 | |
| Non-current liabilities | ||
| 8% debentures | 80,000 | 1,00,000 |
| Current liabilities | ||
| Trade payable | 30,000 | 85,000 |
| Total | 4,20,000 | 5,35,000 |
| II. Assets | ||
| Non-current assets | ||
| Fixed assets | 3,25,000 | 3,25,000 |
| Investments | 20,000 | 45,000 |
| Discount on issue of equity shares | 10,000 | 7500 |
| Current assets | ||
| Inventories | 50,000 | 1,37,000 |
| Cash and cash equivalents | 15,000 | 20,000 |
| Total | 4,20,000 | 5,35,000 |
Additional Information: (1) During the year 2021-22, a part of the machine costing 40,000 (accumulated depreciation thereon 25,000) was sold for 7500.
(2) Depreciation charged during the year 2021-22 was 25,000.
(3) 8% debentures were issued on 1st April, 2021.
The solution of Question No 60 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 profit/loss during the year | ||
| (+) Transfer to Reserve | 50,000 | 50,000 |
| Adjustments for | ||
| Dividend on pref. share | 9,900 | |
| (+) discount on issue of equity shares written off | 2,500 | |
| Depreciation | 25,000 | |
| Loss on sale of machine | 7,500 | |
| Interest on debentures | 8,000 | 52,900 |
| Operating profit before working capital | 93,000 | |
| (+) Increase in current liabilities | ||
| Trade payable | 55,000 | 55,000 |
| (-) Increase in current assets | ||
| Inventories | (87,500) | (87,500) |
| Cash from operating activities | 70,400 | |
| B. Cash flow from investing activities | ||
| Purchase on fixed assets | (40,000) | |
| Purchase of investments | (25,000) | |
| Sale of machine | 7,500 | |
| Cash used in investing activities | (57,500) | |
| C. Cash flow from financing activities | ||
| Dividend on pref. share | (9,900) | |
| Issue of share capital | 50,000 | |
| Redemption of preference shares capital | (60,000) | |
| Issue of 8% debentures | 20,000 | |
| Interest paid on debentures | (8,000) | |
| Cash from financing activities | (7,900) | |
| Net increase in cash and cash equivalents | 5,000 | |
| Cash and cash equivalents at the beginning of the period | 15,000 | |
| Cash and cash equivalents at the end of the period | 20,000 |
End of Solution
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Question No 04 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 53 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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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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Punjab School Education Board (PSEB) Solutions of Usha Publication.
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