DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement

Read DK Goel Class 12 Accountancy Solutions for Chapter 6 Cash Flow Statement below. These DK Goel Accountancy Class 12 solutions have been prepared based on the latest book for DK Goel Class 12 for the current academic year by expert accounts teachers at studiestoday.com. These DK Goel Class 12 Solutions help commerce students in class 12 understand accountancy and build a strong base in accounts. Students in Class 12 who study accountancy and use the DK Goel Accountancy book to understand concepts of Chapter 6 Cash Flow Statement should understand the concepts and solve practice questions and exercises given at the end of the chapter. We have provided solutions for all questions and have also provided short notes for each problem. This will help Class 12 DK Goel Accountancy students to understand the questions properly. Refer to the solutions provided below prepared by CBSE NCERT teachers

Chapter 6 Cash Flow Statement DK Goel Class 12 Solutions

Class 12 Accountancy students should read the following DK Goel Solutions for Class 12 Chapter 6 Cash Flow Statement in Standard 12. All solutions provided below can be downloaded in Pdf and are available for free. This DK Goel Book for Grade 12 Accountancy will be very useful for exams and help you to score good marks in Class 12 accountancy examinations. On our website www.studiestoday.com, we have provided solutions for all chapters given in the DK Goel Accountancy Book for Class 12.

DK Goel Solutions Chapter 6 Cash Flow Statement Class 12 Accountancy

Short Answer Questions

Question .1.    For calculating ‘cash flow from operating activities’ from the given figure of ‘Net Profit’ earned during a year, how would you deal with (a) Increase in Trade Receivable, (b) Decrease in Inventory, (c) Decrease in Bills Payable, and (d) Increase in Trade Payables?

Solution . 1

(a) Increase in Trade Receivable                      Less

(b) Decrease in Inventory                                Add

(c) Decrease in Bills Payable                           Less 

(d) Increase in Trade Payables                         Add 

 

 

Question .2.    For calculating ‘cash flow from operating activities’ from a given figure of ‘Net Profit’ earned during a year, how would you deal with (a) the redemption of debentures, (b) decrease in outstanding expenses, (c) increase in cash balance, and (d) decrease in inventory?

Solution . 2

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement

 

Question .3.      Explain the method of calculating ‘Cash flows from Operating Activities’ under indirect method.

Solution . 3       Operating activities are the main revenue generating activities of an enterprise. As such, they include cash flows from those transactions and events which enter into the ascertainment of net profit or loss of the enterprise. Examples of Cash flows arising from operating activities are:

(a) Cash receipts from the sale of goods and rendering of services.

(b) Cash receipts from royalties, fees, commissions and other revenue.

(c) Cash receipts from Debtors and Bills Receivables.

(d) Cash receipts for purchase of goods and services.

(e) Cash payments to Creditors and Bills Payable.

(f) Cash payment of wages, salaries and other payment to employees.

(g) Cash payments or refunds of income taxes unless they can be specifically identified with financing and investing activities.

 

Question .4.      Prepare a format of ‘Cash Flow Statement’ under indirect method.

Solution . 4

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A

 

Question .5.       Classify the following into Cash flows from (i) Operating Activities, (ii) Investing Activities, and (iii) Financing Activities while preparing a Cash flow statement under direct method:

(a) Purchase of Fixed Assets;

(b) Issue of Share Capital;

(c) Payment of Income Tax;

(d) Payment of Divided;

(e) Payment of Interest;

(f) Sale of Long-term Investments;

(g) Interest Received;

(h) Dividend Received;

(i) Repayment of Long-term Loans.

Solution . 5

Cash from Operating Activities         :     Payment of Income Tax

Cash from Investing Activities          :     Purchase of Fixed Assets, Sale of Long-term Investments, Interest Received, Dividend Received

Cash from Financing Activities          :     Issue of Share Capital, Payment of Divided, Payment of Interest, Repayment of Long-term Loans

 

Question .6.       For each of the following transactions, calculate the resulting cash flow and state the nature of cash flow viz., operating, investing and financing.

(a) Acquired machinery for Rs. 2,50,000 paying 20% down and executing a bond for the balance payable.

(b) Paid Rs. 2,50,000 to acquire shares in Informa Tech. and received a dividend of Rs. 50,000 after acquisition.

(c) Sold machinery of original cost Rs. 2,00,000 with an accumulated depreciation of Rs. 1,60,000 for Rs. 60,000.

Solution . 6

Cash used in Investing Activities      :     Rs. 50,000

Cash used in Investing Activities      :     Rs. 2,00,000

Cash from Investing Activities          :     Rs. 60,000

 

Numerical Questions

 

 

Question .1.       Identify the following transactions as belonging to (i) Opening, (ii) Investing, (iii) Financing Activity and (iv) Cash Equivalents:

1. Interest paid

2. Interest paid on long-term loans by

(a) Finance Company

(b) Non-finance Company

3. Interest received

4. Interest received on Investments by a bank

5. Interest received in investments by a manufacturing company

6. Dividend received

7. Dividend received by a Mutual Fund Company

8. Purchase of Investments

9. Purchases of Investments by a finance Company

10. Purchases of Investment by a non-finance company

11. Bank Balance

12. Short-term deposit in banks

13. Bank Overdraft

14. Marketable Securities

Solution . 1

(i)       Operating Activities       :     Finance Company, Interest received on Investments by a bank, Dividend received by a Mutual Fund Company, Purchases of Investments by a finance Company.

(ii)      Investing Activities        :     Interest received, Interest received in investments by a manufacturing company, Dividend received, Purchase of Investments, Purchases of Investment by a non-finance company.

(iii)     Financing Activities        :     Interest paid, Non-finance Company, Bank Overdraft.

(iv)     Cash Equivalents            :     Bank Balance, Short-term deposit in banks, Marketable Securities.

 

Question .2.       Classify the following activities into (i) Operating Activities, (ii) Investing Activities and (iii) Financing Activities in case of (a) a Financing Enterprise and (b) a Manufacturing Enterprise:

1. Purchase of Shares of a Company.

2. Proceeds from sale of Shares.

3. Brokerage paid on purchase of Shares.

4. Loans and Advances made to third parties.

5. Dividend and interest received on Securities.

6. Salary paid to employees.

7. Interest paid on debentures.

8. Dividend paid to Shareholders. 

Solution . 2        

Financing Enterprise:-

(i)           Operating Activities       :              

1. Purchase of Shares of a Company.

2. Proceeds from sale of Shares.

3. Brokerage paid on purchase of Shares.

4. Loans and Advances made to third parties.

5. Dividend and interest received on Securities.

6. Salary paid to employees.

7. Interest paid on debentures.

 

(ii)     Financing Activities      :     8. Dividend paid to Shareholders.  

 

Manufacturing Enterprise:-

(i)           Operating Activities       :              

1. Purchase of Shares of a Company.

2. Proceeds from sale of Shares.

3. Brokerage paid on purchase of Shares.

4. Loans and Advances made to third parties.

5. Dividend and interest received on Securities.

(ii)           Investing Activities       :               6. Salary paid to employees.

(iii)         Financing Activities        :               7. Interest paid on debentures.

                                                                      8. Dividend paid to Shareholders. 

 

Question .3.       Classify the following transactions as  (i) Operating Activities, (ii) Investing Activities, (iii) Financing Activities, and (iv) Cash and Cash Equivalents:

1. Purchase of Shares.

2. Buy-back of Equity Shares.

3. Payment of Share issue expenses.

4. Discount allowed to Customers.

5. Discount received from Suppliers.

6. Increase in balance of Cash Credit.

7. Repayment of Long-term Loan.

8. Repayment of Short-term Loan.

9. Proceeds from Short-term Borrowings

10. Dividend paid on Preference Shares.

11. Short-term deposits in Bank.

12. Rent received by a Company whose main business in Real Estate Business.

13. Rent received by a Company whose main business in manufacturing.

Solution . 3        

(i)       Operating Activities       :     Discount allowed to Customers, Discount received from Suppliers, Rent received by a Company whose main business in Real Estate Business.

(ii)      Investing Activities       :     Rent received by a Company whose main business in manufacturing, Purchase of Shares

(iii)    Financing Activities        :       Buy-back of Equity Shares, Payment of Share issue expenses, Increase in balance of Cash Credit, Repayment of Long-term Loan, Repayment of Short-term Loan, Proceeds from Short-term Borrowings, Dividend paid on Preference Shares.

(iv)     Cash Equivalents           :     Short-term deposits in Bank

 

Question .4.     State which of the following would result in inflow/outflow of Cash or Cash Equivalents:

1. Purchases of Goods on Credit.

2. Sale of Goods costing Rs. 20,000 for Rs. 15,000 for cash.

3. Purchases of a fixed asset on long-term deferred payment basis.

4. Issue of shares against purchase of fixed assets.

5. Cash received from a Trade Receivable Rs. 10,000 discount allowed Rs. 1,000.

6. Sale of Fixed assets (book value Rs. 25,000) for Rs. 20,000 for cash.

7. Old Furniture (book value Rs. 10,000) written off.

8. Bill Receivable endorsed to trade payables.

9. Discount of Rs. 2,000 received while making payment to a creditor of Rs. 20,000.

10. Cash deposited into Bank.

11. Sale of Marketable Securities for cash.

12. Sale of Long-term Investments for cash.

13. Converting of Debentures into Shares.

14. Declaration of Dividend.

15. Payment of Dividend.

16. Receipt of Interest on Investment.

17. Receipt of Dividend.

Solution . 4    Statement showing the effect of transactions on Cash and Cash Equivalents:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A1

 

Question .5.       State which of the following would result in inflow, outflow or no flow of cash:

1. A long-term loan from a bank.

2. Repayment of long-term loan.

3. Payment of interest on loan.

4. Conversion of debentures into preference shares.

5. Interest received on investments.

6. Interest due on dentures.

7. Receipt of accrued interest.

8. Purchase of securities of a company.

9. Buy-back of Equity Shares.

10. Purchase of Goodwill.

11. Goodwill written off.

12. Patents written off.

Solution . 5         Statement showing the effect of transactions on Cash and Cash Equivalents:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A2

 

Question .6.  (A)       Calculate ‘Cash from operating activities’ from the following balances:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A3

Solution . 6 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A4

 

Question .6. (B)         Calculate ‘Cash from operating activities’ from the following figures:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A5

Solution . 6 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A6

 

Question .7.     Calculate ‘Cash from operating activities’ from the following:-

  DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A7

Solution . 7

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A8

 

 

Question .8.     On March 31st, 2018 Ramesh and Co. indicated a profit of Rs. 1,25,000, after considering the following:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A9

Solution . 8

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A10

 

Question .9. (A)         Narula Ltd. earned a profit of Rs. 2,00,000 after charging or crediting the following items:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A11

Solution . 9 (A) 

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A12

 

Question .9. (B)          Calculate net-cash flows from operating activities from the following information:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A13

Solution . 9 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A14

 

Question .10.     Z Ltd. made a profit of Rs. 20,00,000 after charging Depreciation Rs. 1,50,000, writing off preliminary expenses of Rs. 10,000 and loss on sale of assets Rs. 30,000. The other information available to you is as follows:

At the end of the year Trade Payables showed an increase of Rs. 45,000; Trade Receivables an increase of Rs. 53,000; Prepaid Expenses decrease of Rs. 2,000; and Outstanding Expenses decrease of Rs. 10,000.

Ascertain cash flow from operating activities. 

Solution . 10

 

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A15

 

Question .11. (A)          Calculate ‘Cash from Operating activities’ from the following figures:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A16

Solution . 11 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A17

 

Question .11. (B)          Calculate ‘Cash from operating activities’ from the following:-

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A18

Solution . 11 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A19

 

Question .11. (C)          From the following figures calculate ‘cash from operating activities’:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A20

Solution . 11 (C)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A21

 

Question .11. (D)          Calculate ‘cash from operating activities’ from the following:-

(i) Profit for the year amounted to Rs. 50,000 after providing for depreciation of Rs. 20,000.

(ii) Following is the position of current assets and current liabilities:-

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A22

Solution . 11 (D)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A23

 

Question .12.     Calculate ‘Cash from operating activities’ from the following:-

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A24

Solution . 12      

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A25

 

Question .13.     Following is the position of Current Assets and Current Liabilities of X ltd.:-

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A26

The company incurred a loss of Rs. 37,000 during the year. Calculate ‘Cash from operating activities’.

Solution . 13

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A27

 

Question .14.   Calculate cash from operating activities from the following Balance Sheets of Himalya Ltd.

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A28

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A29

Additional Information:-

(i) Additional Debentures were issued on 1st April, 2017.

(ii) Additional Investments were made on 1st April, 2017.

Solution . 14     

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A30

 

Question .15.     Y Ltd. reported a net profit after tax of Rs. 3,10,000 for the year ended 31st March 2016. The relevant items of Balance Sheet appeared as follows:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A31

Following item appeared on the Profit & Loss Statement for the year ended 31st March, 2016:

(i) Bad Debts written off during the year Rs. 10,000

(ii) Depreciation on Fixed assets charged during the year Rs. 34,000

Calculate the net cash flow from Operating Activities.

Solution . 15

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A32

 

 

Question .16.     Calculate ‘Cash from Operating Activities’ from the following Balance Sheets:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A33

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A34

Solution . 16       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A35

 

Question .17.     From the following Statement of Profit & Loss for the year ended on 31st March, 2018, Calculate the amount of ‘Cash Generated from operating activities’:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A36

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A37

Additional Information:-

Outstanding Wages        Rs. 40,000

Outstanding Salaries       Rs. 30,000

Prepaid Insurance           Rs. 3,000 

Solution . 17

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A38

 

Question .18.     Following is the Profit and Loss Statement of Z Ltd. for the year ended 31st March, 2018:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement

You are required to calculate ‘cash from operating activities’.

Solution . 18

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-

 

Question .19.     The following is the Statement of Profit and Loss of Z Ltd. for the year ended March 31, 2018:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A

Additional Information:-

(i) Sundry Creditors increased by Rs. 40,000 during the year.

(ii) Sundry Debtors increased by Rs. 70,000 during the year.

(iii) Outstanding wages decreased by Rs. 10,000 during the year.

(iv) Bills Receivable decreased by Rs. 5,000 during the year.

(v) Prepaid expenses decreased by Rs. 20,000 during the year.

Compute net Cash from operation by the indirect method.

Solution . 19

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A1

 

Question .20. (A)       From the following information, calculate ‘cash inflow from operating activities’:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A2

Solution . 20 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A3

 

Question .20. (B)          From the following information calculate ‘Cash from operating activities’:

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A4

Solution . 20 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A5

 

 

Question .21.     From the following particulars, calculate cash flow from investing activities:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A6

Dividend received on shares held as Investments Rs. 10,000

Interest received on debentures held as Investments Rs. 8,000

Dividend paid on equity share capital Rs. 50,000

Solution . 21

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A7

 

Question .22.        X Ltd. has Plant and Machinery whose written down value on 1st April, 2014 was Rs. 15,40,000 and on 31st March, 2015 was Rs. 19,10,000. Depreciation for the year was Rs. 1,50,000. In the beginning of the year, a part of plant was sold for Rs. 2,20,000 which had a written down value of Rs. 3,00,000.

Calculate Cash Flow from Investing Activities.

Solution . 22

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A8

 

Question .23.     Calculate Cash Flows from Investing Activities from the following information:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A9

Additional information:-

A machine costing Rs. 40,000 (depreciation provided thereon Rs. 12,000) was sold for Rs. 35,000. Depreciation charged during the year was Rs. 60,000.

Solution . 23    

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A10

 

Question .24.     From the following information, calculate the Cash Flow from Investing Activities of X Ltd.:

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A11

Additional Information:

i.) Half of the Non-Current investments held in the beginning of the year were sold at 15% profit.

ii.) Depreciation of Fixed Assets was Rs. 1,60,000 for the year.

iii.) Interest received on Non-Current investments: Rs. 50,000.

iv.) Dividend received on Non-Current investments: Rs. 20,000.

v.) Rent received: Rs. 25,000.

Solution . 24

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A12

 

Question .25.     The balance in Plant and Machinery account and Accumulated depreciation account as on March 31, 2015 and 2016 stood as follows:

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A13

Plant and Machinery costing Rs. 12,80,000 accumulated depreciation thereon Rs, 5,30,000 was sold at a loss of Rs. 2,60,000.

You are required to:

(i) Compute the amount of plant and machinery purchased, sold and depreciation charged for the year.

(ii) How each of the item related to plant and machinery will be reported in the statement of cash flows.

Solution . 25

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A14

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A15

 

 

Question .26.   From the following particulars, calculate cash from Investing Activities:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A16

Additional Information:-

During the year:

(i) Depreciation charged on Plant and Machinery Rs. 80,000

(ii) A machine having a book value of Rs. 1,40,000 was sold for Rs. 1,50,000.

(iii) Patents having a book value of Rs. 60,000 were sold for Rs. 45,000.

Solution . 26

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A17

 

Question .27.  (A)          D.K. Ltd. provides you the following information:-

Non-Current Investments as on 31-03-2017 Rs. 1,20,000

Non-Current Investments as on 31-03-2018 Rs. 40,000

During the year 2018, the company sold 80% of its original investments at a profit of 20% on book value. Calculate sources and uses of cash.

Solution . 27 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A18

 

Question .27. (B)          X Ltd. provides you the following information:

Non-Current Investments as on 31-03-2017 Rs. 50,000

Non-Current Investments as on 31-03-2018 Rs. 60,000

During the year 2018, X Ltd. purchased investments costing Rs. 25,000 and sold some investments at a loss of 20% on book value. Calculate sources of cash.

Solution . 27 (B)       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A19

 

 

Question .28.         From the following information, calculate cash flow from investing activities:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A20

Additional Information:-

(i) Depreciation charged on Plant and Machinery Rs. 72,000.

(ii) Plant and Machinery with a book value of Rs. 1,20,000 was sold for Rs. 75,000

(iii) Investments were purchased for Rs. 3,00,000. Some investments were sold at a loss of Rs. 10,000. Interest received on investments during the year Rs. 15,000.

(iv) Land was sold at a profit of Rs. 80,000.

Solution . 28

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A21

 

Question .29.     Calculate Cash Flows from financing activities from the following particulars:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A22

Additional Information:

(i) Equity Shares were issued at a premium of 2%.

(ii) 8% Preference Shares were redeemed at a premium of 2%.

(iii) 9% Debentures were issued at a discount of 1% and 7% debentures were redeemed at a premium of 5%.

(iv) Underwriting commission on Equity Shares was paid @ 2.5% on issue price.

(v) Interest paid on 7% debentures Rs. 7,000.

(vi) Dividend paid on preference shares Rs. 8,000.

Solution . 29       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A23

 

Question 30.      Calculate Cash flows from financing activities from the following particulars:

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A24

Additional Information:-

(i) New shares and debentures were issued on March 31, 2018.

(ii) Dividend on preference shares was paid.

(iii) Proposed Dividend on Equity Share Capital was:

For 31st March, 2018 @ 15%

For 31st March, 2018 @ 20%

(iv) Preference shares were redeemed on March 31, 2018 at a premium of 4%. Premium on redemption was provided out of profit. 

Solution . 30

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A25

 

Question 31.    From the following Balance Sheet of Enclotek Ltd. as at 31st March and the additional information provided calculate (i) Cash from ‘Operating Activities’ and (ii) cash from ‘Financing Activities’.

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-26

Additional Information:-

(i) Depreciation provided on Fixed Assets Rs. 60,000.

(ii) Preference shares were redeemed at a premium of 5% on 31st March, 2018.

(iii) Additional debentures were issued on 1st October, 2017.

(iv) Proposed divided on equity share capital for previous year ended 31st March, 2017 was paid @ 18%.

Solution . 31

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A27

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A28

 

Question 32.      Sony Ltd. provides you the following information. Calculate Cash flows from financing activities:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A29

Additional Information:-

(i) During the year 2017-18, Sony Ltd. issued bonus shares in the ratio of 4:1 by capitalising reserve.

(ii) 10% debentures were redeemed on 1 Jan., 2018 at a premium of 5%.

(iii) Preference Dividend paid Rs. 8,000.

(iv) Dividend received on investments Rs. 10,000.

Solution . 32

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A30

 

Question 33.      From the following information, Calculate:

(i) Cash Flows from Investing Activities, and

(ii) Cash Flow from Financing Activities.

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A31

Additional Information:-

(i) During the year a machine costing Rs. 1,50,000 was sold at a loss of Rs. 44,000. Depreciation on Plant and Machinery charged during the year amounted to Rs. 80,000.

(ii) Interest paid on Bank Overdraft amounted to Rs. 28,000.

(iii) Debentures were redeemed on 1st October 2017 at a premium of 4%.

Solution . 33

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A31

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A31

 

Question 34.      Prepare a Cash-Flow Statement from the following Balance Sheets of Nilgiri Tea Ltd.:-

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A34

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A34

Solution . 34       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A36

Interest paid on debentures amounted to Rs. 9,000.

 

 

Question 35. (A)               Following is the Balance Sheet of Rahul & Co. for two years. Prepare Cash Flow Statement:-

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A37

Solution . 35 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A38

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A39

 

 

Question 35. (B)               Following are the Balance Sheets of Fast Foods Ltd.:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A40

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A41

Interest paid on Mortgage loan amounted to Rs. 18,000.

You are required to prepare a Cash-flow Statement.

Solution . 35 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A42

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A43

 

 

Question 36.      Following are the Balance Sheet of Krishtec Ltd. as at 31st March 2018 and 2017:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-

Prepare a Cash Flow Statement after taking into account the following adjustments:

(a) The company paid interest Rs. 36,000 on its long term borrowings.

(b) Depreciation charged on tangible fixed assets was Rs. 1,20,000. 

Solution . 36

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-1

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-2

 

Question 37. (A)          Following are the Balance Sheets of Quick Gains Ltd.:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A44

Additional Information:

                                                                                            31st March 2018      31st March 2017

(1) Contingent Liability                                                                                    

Proposed Dividend                                                      28,000                         20,000

(2) Interest Paid on long-term borrowings amounted to Rs. 8,000.

You are required to prepare a Cash flow Statement.

Solution . 37 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A45

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A46

 

Question 37. (B)          Prepare a Cash Flow Statement from the following Balance Sheet of Garden Honey Ltd.:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A47

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A48

Debentures were redeemed on 1st April, 2017.

Solution . 37 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A49

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A50

 

 

Question 38.      From the following Balance Sheet of Ajanta Limited as at March 31, 2017, prepare a cash Flow Statement:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A51

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A52

 

Additional Information:-

(a) During the year 2016-17, a machinery costing Rs. 50,000 and accumulated depreciation thereon Rs. 15,000 was sold for Rs. 32,000.

(b) 9% Debentures Rs. 80,000 were issued on April 1, 2016.

Solution . 38

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A53

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A54

 

 

Question 39.      Prepare ‘Provision for Income Tax Account’ from the following information’s for preparing Cash Flow Statements:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A55

Additional Information:

During the year Income Tax paid was Rs. 2,30,000

Solution . 39

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-3

 

 

Question 40.      Prepare ‘Provision for Income Tax Account’ from the following information’s for preparing Cash Flow Statements:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A58 

Additional Information:

Provision for Income tax made during the year 2018 was Rs. 1,70,000.

Solution . 40       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A56

 

Question 41.      From the following Balance Sheets of Vivek Ltd. prepare Cash Flow Statements:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A59

Additional Information:

(i) Depreciation charged on Plant was Rs. 30,000 and on Building Rs. 50,000.

(ii) Income Tax paid during the year amounted to Rs. 25,000  

Solution . 41

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A60

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A61

 

 

Question 42.      From the following Balance Sheet of Tarun Fashions Ltd., prepare a Cash Flow Statement:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A62

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A63

Additional Information:-

                                                                                            31.03.2018      31.03.2017

(i) Proposed Dividend                                                15,000              12,000

(ii) Depreciation of Rs. 10,000 was provided on Plant and Machinery.

(iii) Gain on sale of a part of Building Rs. 25,000.

(iv) Debentures were redeemed on 1st April, 2017.

(v) Provision for Tax made during the year Rs. 50,000.

Solution . 42

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A64

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A65

 

Question 43. (A)          Prepare a Cash-Flow Statement from the following Balance Sheet of Dry Fruits Ltd.:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A66

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A67

Additional Information:-

(i) Interest paid on mortgage loan amounted to Rs. 14,100.

(ii) Interim Dividend paid during the year Rs. 20,000.

(iii) Machinery costing Rs. 40,000 (accumulated depreciation thereon being Rs. 18,000) was sold for Rs. 5,000.

Solution . 43 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A68

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A69

 

 

Question 43. (B)          Prepare a Cash-Flow statement from the following:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A70

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A71

Additional Information:-

i. During the year, company sold 60% of its original non-current investments at a profit of 25%.

ii. Depreciation provided during the year was Rs. 35,000. 

Solution . 43 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A73

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A74

 

 

Question 44. (A)          Prepare a Cash-Flow statement from the following Balance Sheet of ONIDA Ltd:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A75

Additional Information:-

(1) Debentures were issued on 1st October 2017. Interest has paid-up to date.

(2) Machinery whose original cost was Rs. 50,000 (accumulated depreciation thereon being Rs. 27,000) was sold for Rs. 35,000.

(3) Depreciation on Machinery charged during the year Rs. 15,000.

(4) Interim Dividend paid during the year was @ 15% on share capital.  

Solution . 44 (A)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A76

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A76

 

 

Question 44.  (B)          From the following Balance Sheets of X Ltd. you are required to prepare cash flow statement.

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A78

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A79

Additional Information:-

(i) Interim Dividend paid during the year Rs. 60,000.

(ii) Land was sold at a profit of Rs. 30,000.

(iii) Plant costing Rs. 20,000 was sold during the year at a loss of Rs. 8,000.

Solution . 44 (B)

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A80

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A80

 

Question 45.      From the following Balance Sheet of Vijaya Ltd. as at 31.03.2018 and 31.03.2017 prepare a cash flow statement.

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A82

Additional Information:-

(i) Depreciation on Fixed Asses for the year 2017-2018 was Rs. 14,700.

(ii) An interim dividend Rs. 7,000 has been paid to the shareholders during the year.

Solution . 45       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A83

 

Question 46.      The Balance Sheets of X Ltd. as at 31st March 2018 and 31st March 2017 were as follows:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A84

(ii) Depreciation charge during the year on Plant and Machinery amounted to Rs. 80,000.

(ii) Machinery costing Rs. 80,000 (Book value Rs. 30,000) was sold at a loss of 40% on book value.

Prepare Cash Flow Statement.

Solution . 46

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A85

 

Question 47.      Following are the Balance Sheets of Rishi Ltd. as at 31st March, 2018 and 31st March, 2017:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A86

 

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A86

Additional Information:-

(i) New public deposits were accepted on 1st January, 2018.

(ii) Machinery costing Rs. 2,00,000 on which depreciation charged was Rs. 70,000 was sold for Rs. 1,50,000.

(iii) New machinery purchased during the year amounted to Rs. 4,00,000.

(iv) Non-Current Investments were sold at profit of 25%.

Prepare Cash Flow Statement.

Solution . 47

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A88

 

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A89

 

Question 48.      From the following Balance Sheet of XY Ltd. prepare a Cash-Flow Statement for the year ended 31st March, 2018:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A90

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A91

Additional Information:-

(i) Depreciation of Rs. 30,000 has been charged on machinery.

(ii) Non-Current Investments costing Rs. 30,000 were sold for Rs. 40,000 at the end of the year.

(iii) New debentures were issued on 1st Oct. 2017

(iv) During the year share issued expenses amounted to Rs. 10,000 and these were written off from statement of Profit and loss.

Solution . 48

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A93

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A94

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A95

 

 

Question 49.      From the following Balance Sheet of Som Ltd. as 31st March, 2018 and 31st March 2017 prepare a Cash Flow Statement:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A96

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A97

Additional Information:-

(i) During the year, a machinery costing Rs. 70,000 was sold for Rs. 15,000.

(ii) Interim Dividend paid on equity share capital during the year Rs. 24,000.

Solution . 49

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A98

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A99

 

 

Question 50.      Prepare Cash Flow Statement from the following Balance Sheet of Mr. Kapoor as at 31st March…

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A100

Additional Information:-

(a) There was neither any drawing nor any capital addition during the year.

(b) There was no purchase/sale of fixed assets,

Solution . 50

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A101

 

 

Question 51.      Summarised Balance Sheet of Surya Vanaspati Ltd. as at 31st March, 2014 and 2013 are:

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A102

Additional Information:-

1. Non-Current Investments costing Rs. 20,000 were sold during the year 2013-14 at a profit of 20%.

2. Tax paid during the year was Rs. 62,000.

3. During the year, part of fixed assets costing Rs. 40,000 was sold for Rs. 50,000 and the profit was included in the Statement of Profit and Loss.

4. An Interim Dividend @ 12% was paid during the year.

Solution . 51

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-4

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-5

 

Question 52.      Following was the Balance Sheet of Sreshtha Ltd. as at 31st March, 2018.

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-6

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-7

Prepare a Cash Flow Statement after taking into account the following adjustment:

During the year, a piece of machinery costing Rs. 30,000 on which accumulated depreciation was Rs. 6,000, was sold for Rs. 20,000.

Solution . 52

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-8

 

 

Question .53.     From the following information, calculate Cash Flow from Operating Activities:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-9

(i) A piece of machinery costing Rs. 50,000 on which depreciation of Rs. 20,000 had been charged was old for Rs. 10,000. Depreciation charged during the year was Rs. 18,000.

(ii) Income Tax Rs. 23,000 was paid during the year.

(iii) Interim Dividend paid during the year was Rs. 36,000.

Solution . 53    

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-10

 

 

Question .54.     Prepare a Cash-Flow Statement from the information given below:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-11

Solution . 54       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-12

 

Question .55.     The Balance Sheet of A Ltd. as at 31st March, 2018 and 31st March, 2017 were as follows:

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-13

Additional Information:-

(i) Depreciation written off in fixed assets was Rs. 18,000.

(ii) Interest paid on Long-term Borrowing amounted to Rs. 3,000.

(iii) Income tax of Rs. 15,000 has been paid.

Prepare a Cash Flow Statement.

Solution . 55

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-15

 

Question .56.     The following are the summarised Balance Sheets of X Ltd. as at 31st March, 2018 and 2017:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-16

Additional Information:-

(i) Contingent Liability                            31.03.2018      31.03.2017

Proposed Dividend                                 30,000              25,000

(ii) Provision for tax made Rs. 30,000.

(iii) Additional debentures amounting to Rs. 5,000 was issued on 1st Oct. 2017. Interest on debentures has been paid up to date.

You are required to prepare a statement of Cash Flow.

Solution . 56

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-17

 

Question .57.     Prepare a Cash Flow Statement from the following Balance Sheet of Surya Vanaspati Ltd.:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-18

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-19

Additional Information:-

(i) During the year, machinery whose original cost was Rs. 50,000 was sold for Rs. 32,000.

(ii) Company charged Rs. 20,000 as depreciation on Plant and Machinery.

Solution . 57

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-20

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-21

 

Question .58.     You are required to Prepare a Cash Flow Statement (as per AS-3) for the year 2017-18 from the following Balance Sheets:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-22

Additional Information:-

During the year 2017-18:

(i) Building costing Rs. 75,000 was purchased.

(ii) An old building, the book value of which was Rs. 63,000, was sold at a loss of Rs. 5,000.

(iii) Tax Provided during the year was Rs. 80,000.

(iv) Proposed Dividend for the year ended 31st March, 2017 was 20% and for the year ended 31st March, 2018 was 10%.

Solution . 58

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-23

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-24

 

Question .59.     Prepare a Cash flow statement from the following:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-25

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-27

Solution . 59       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-28

 

Question .60.     From the following information, calculate Cash from operating activities:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-29

Solution . 60

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-30

 

Question .61.     From the following figures, calculate Cash from operating activities:-

  DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-31

Solution . 61

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-32

 

 

Question .62.     Calculate Cash from operating from the following:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-33

Solution . 62

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-34

 

 

Question .63.     Following is the position of Current Assets and Current Liabilities of Z Ltd:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-35

The Company incurred a loss of Rs. 30,000 during the year. Calculate Cash from operating activities.

Solution . 63

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-36

 

 

Question .64.     Raj Ltd. had a profit of Rs. 17,50,000 for the year ended 31.03.2016 after considering the following:

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-37

Following was the position of current assets and current liabilities of the company as at 31.03.2015 and 31. 03.2016.

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-38

Calculate cash flow from operating activities.

Solution . 64

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-39

 

Question .65.     From the following information, calculate Cash from operating activities:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-40

Solution . 65

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-41

 

 

Question .66.     The following balance appeared in Plant Account and Accumulated Depreciation Account in the books of Bharat Ltd.:-

 DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-42

Additional Information:-

Plant costing Rs. 1,45,000; accumulated depreciation thereon Rs. 70,000 was sold for Rs. 35,000.

You are required to:

(i) Compute the amount of Plant purchased, depreciation charged for the year and loss on sale of plant.

(ii) Show how each of the items related to the plant will be shown in the cash flow statement.  

Solution . 66

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-43

 

 

Question .67.     Calculate Cash Flow from Investing Activities from the following information:

(i) Machinery costing Rs. 5,00,000 (Book value Rs. 3,50,000) was sold at a loss of 10%.

(ii) Dividend received @ 10% from Long term Investments of Rs. 2,00,000.

(iii) Receipt for permission granted for use of Trade Mark Rs. 1,20,000.

(iv) Non-Current Investments purchased Rs. 1,75,000.

(v) Non-Current Investment costing Rs. 3,00,000 was sold at a profit of 20%.

(vi) Land was sold for Rs. 6,00,000 of which 40% is profit.  

Solution . 67

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-44

 

 

Question .68.     The following information has been extracted from the books of Pure Con Company. Using the information, calculate the cash flow investing Activities:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-45

Solution . 68

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-46

 

Question .69.     Following are the Balance Sheets of XY Ltd. as at 31st March, 2018 and 2017:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-47

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-48

You are required to prepare a Cash Flow Statement.

Solution . 69       

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-49

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-50

 

Question .70.     Prepare a Cash Flow Statement on the basis of the information given in the Balance Sheets of P.S. Ltd. as at 31st March 2018 and 2017:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-51

Debentures amounting to Rs. 20,000 were redeemed to 31st Dec., 2017. Interest on debentures has been paid regularly.

Solution . 70

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-52

 

 

Question .71.     Prepare a Cash Flow Statement from the following Balance Sheet:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-53

Additional Information:-

(i) An old machinery having book value of Rs. 42,000 was sold for Rs. 56,000.

(ii) Depreciation provided on machinery during the year was Rs. 28,000.

Solution . 71

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-54

 

Question .72.     Following are the Balance Sheets of ‘X’ Co. Ltd:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-55

A machine costing Rs. 40,000 having book value of Rs. 25,000 was sold for Rs. 35,000 during the year. Interest paid on loan from bank amounted to Rs. 8,000. Prepare a Cash-Flow Statement. 

Solution . 72

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-56

 

 

Question .73.     From the following information, prepare a Cash-Flow Statement:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-57

Solution . 73

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-58

 

Question .74.     From the following information’s, Prepare a cash-flow statement:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-59

Solution . 74

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-60

 

 

Question .75.     Following is the Balance Sheet of Solution ar Power Ltd. as at 31-03-2014:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-61

Additional Information:-

During the year a piece of machinery costing Rs. 48,000 on which accumulated depreciation was Rs. 32,000 was sold for Rs. 12,000.

Prepare Cash Flow Statement.

Solution . 75

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-62

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-63

 

 

Question .76.     From the following Balance Sheets EE Ltd. as at 31.03.2018 and 31.03,2017 prepare a Cash Flow Statement:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-64

Additional Information:-

(i) During the year machine costing Rs. 50,000 was sold for Rs. 15,000.

(ii) Interim dividend paid on equity share capital Rs. 20,000.

During the year machine costing Rs. 50,000 was sold for Rs. 15,000 and dividend paid Rs. 20,000.

Solution . 76

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-65

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-66

 

 

Question .77.     From the following Balance Sheet of Samta Ltd. 31.03.2018 and 31.02.2017 prepare a Cash Flow Statement:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-67

(ii) During the year Rs. 80,000 depreciation was charged on fixed tangible assets.

(iii) A piece of machinery included in fixed tangible assets costing Rs. 20,000 on which depreciation charged was Rs. 8,000 was sold for Rs. 10,000.

Solution . 77

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-68

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-69

 

 

Question .78.     From the following Balance Sheets, prepare a Cash Flow Statement as per AS-3 (revised):

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-70

A dividend of Rs. 30,000 was paid during the year 2017-18.

Solution . 78

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-71

 

 

Question .79.     From the following Balance Sheets of B.C.R. Ltd. as at 31.03.2018 and 31.03.2017 prepare a cash flow statement:

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-72

Additional Information:-

(i) Proposed Dividend for the year ended 31st March 2018 was 12% and for the year ended 31st March, 2017 was 10%.

(ii) During the year Equipment costing Rs. 1,00,000 was purchased, Loss on sale of Equipment amounted to Rs. 12,000. Rs. 18,000 depreciation was charged on Equipment. 

Solution . 79

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-73

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-74

 

 

Question .80.     Prepare a Cash-Flow Statement from the Balance Sheets given below:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-75

Additional Information:-

(i) Depreciation written off on fixed assets @ 10% on last year’s balance.

(ii) Interim Dividend paid during the year @ 10% on share capital.

(iii) Mortgage Loan was taken on 1st July 2017 @ 10% p.a. Interest has been paid upto date.

Solution . 80

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-76

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-77

 

Question .81.     Following are the Balance Sheets of X Ltd:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-78

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-79

Additional Information:-

(i) A piece of machinery was sold for Rs. 8,000 during the year 2018. Its original cost was Rs. 20,000 and depreciation of Rs. 15,000 has been provided on it.

(ii) Non-Current Investments were sold at a loss of 40%.

(iii) Land was sold for Rs. 1,50,000.

(iv) Interest paid on public deposits amounted to Rs. 6,000.

You are required to prepare Cash-Flow Statement.

Solution . 81

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-80

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-81

 

 

Question .82.     From the following Balance Sheets of Godrej Ltd. you are required to prepare Cash Flow Statement.

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-82

Additional Information:-

(i) Machinery whose original cost was Rs. 50,000 (accumulate depreciation thereon being Rs. 32,000) was sold for Rs. 10,000.

(ii) Depreciation on machinery charged during the year was Rs. 25,000.

(iii) Non-Current Investments costing Rs. 20,000 were sold for Rs. 32,000 during the year.

(iv) Interest paid on long-term borrowings amounted to Rs. 3,000.

Solution . 82

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-83

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-84

 

Question .83.     Following are the Balance Sheets of Pawan Ltd:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-85

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-86

Additional Information:-

(i) Machinery Costing Rs. 60,000 was sold for Rs. 18,000 during the year.

(ii) Interim Dividend paid during the year Rs. 25,000.

(iii) During the year Company sold 40% of its original non-current investments at a loss of 20%.

You are required to prepare Cash-flow Statement.

Solution . 83

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-87

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-88

 

 

Question .84.     You are required to prepare Cash-Flow Statement from the following information’s:-

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-89Q

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-89Q1

Solution . 84

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-89Q2

DK Goel Solutions Class 12 Accountancy Chapter 6 Cash Flow Statement-A-90