NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Accountancy Class 12

Created by: Nipun Tuteja

Commerce : NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

The document NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev is a part of the Commerce Course Accountancy Class 12.
All you need of Commerce at this link: Commerce

Numerical Questions:
Question 5: Compute cash from operations from the following figures:
(i) Profit for the year 2016-17 is a sum of Rs. 10,000 after providing for depreciation of Rs. 2,000.
(ii) The current assets of the business for the year ended March 31, 2016 and 2017 are as follows:

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev
Answer:

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev 
Question 6: From the following Particulars of Bharat Gas Limited, calculate Cash Flows from Investing Activities. Also show the workings clearly preparing the ledger accounts:
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Notes1Tangible assets = Machinery
 2Intangible assets = Patents

Notes

 

Figures of current year

Figures of previous year

 

 

 

1. Tangible Assets

 

 

Machinery

12,40,000

10,20,000

2. Intangible Assets  

   

   

Goodwill

3,00,000

1,00,000

Patents

1,60,000

2,80,000

   

4,60,000

3,80,000

3. Non-current Investments  

   

   

10% long term investments  

1,60,000

60,000

Investment in land  

1,00,000

1,00,000

Shares of Amartex Ltd.  

1,00,000

1,00,000

   

3,60,000

2,60,000

Additional Information:
(a) Patents were written-off to the extent of Rs. 40,000 and some Patents were sold at a profit of Rs. 20,000.
(b) A Machine costing Rs. 1,40,000 (Depreciation provided thereon Rs. 60,000) was sold for Rs. 50,000. Depreciation charged during the year was Rs. 1,40,000.
(c) On March 31, 2016, 10% Investments were purchased for Rs. 1,80,000 and some Investments were sold at a profit of Rs. 20,000. Interest on Investment was received on March 31, 2017.
(d) Amartax Ltd. paid Dividend @ 10% on its shares.
(e) A plot of Land had been purchased for investment purposes and let out for commercial use and rent received Rs. 30,000.
Answer:

Cash Flow from Investing Activities

Particulars

Amount

Rs

Amount

Rs

Cash Inflow

 

 

 

Proceeds from Sale of Patents

1,00,000

 

 

Proceeds from Sale of Machinery

50,000

 

 

Proceeds from Sale of 10% Long-term Investment

1,00,000

 

 

Interest received on 10% Long-term Investment

6,000

 

 

Dividend Received from Amartax Ltd.

10,000

 

 

Rent Received

30,000

2,96,000

Cash Outflow

 

 

 

Purchase of Goodwill

(2,00,000)

 

 

Purchase of Machinery

(4,40,000)

 

 

Purchase of 10% Long-term Investment

(1,80,000)

(8,20,000)

Net Cash used in Investing Activities

 

(5,24,000)

 

 

 

 

 

 NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

 NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Question 7:  From the following Balance Sheet of Mohan Ltd. Prepare cash flow Statement:
Balance Sheet of Mohan Ltd.
as at 31 Mar. 2016 and 31 Mar. 2017
 

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Notes
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev
Additional Information:
Machine Costing Rs. 80,000 on which accumulated depreciation was Rs. 50,000 was sold for Rs. 20,000.
Answer:
 NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

 NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Question 8:  From the following Balance Sheets of Tiger Super Steel Ltd., prepare Cash Flow Statement:
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

 Notes on Accounts
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Answer:

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Working Notes:

1.

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

2.

Net Profit before Tax

3,600

Profit and Loss Account

12,800

Less:

Provision for Tax

16,400

 

 

 

Note: As per the solution, the Net Cash from Operating Activities, net Cash from Investing Activities and Net Cash from Financing Activities are Rs 56,000, Rs (60400) and Rs 8,800 respectively. However, as per the answer given in the book, the Net Cash from Operating Activities, net Cash from Investing Activities and Net Cash from Financing Activities are Rs 34,800, Rs (50,400) and Rs 20,000 respectively.

Page No. 287
Question 9: From the following information, prepare cash flow statement:
Additional Information:

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Additional Information: 
Depreciation Charge on Plant amount to Rs. 80,000.
Answer:
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev 
Working Note:

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev 

Question 10: From the following Balance Sheet of Yogeta Ltd., prepare cash flow statement:
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Notes to Accounts
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Additional Information:
Net Profit for the year after charging Rs. 50,000 as Depreciation was Rs. 1,50,000. Dividend paid on Share was Rs. 50,000, Tax Provision created during the year amounted to Rs. 60,000.
Answer:NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Working Notes:
1.

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

2.

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Question 11: Following is the Financial Statement of Garima Ltd., prepare cash flow statement.

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Notes to Accounts

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Additional Information:

  1. Interest paid on Debenture Rs 600
  2. Dividend paid during the year Rs 4,000
  3. Depreciation charged during the year Rs 32,000

Answer:
NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Working Notes:

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Question 12: From the following Balance Sheet of Computer India Ltd., prepare cash flow statement.NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Notes to Accounts

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

Additional Information:
Interest paid on Debenture Rs. 600
Answer:

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

NCERT Solution (Part - 3) - Cash Flow Statement Commerce Notes | EduRev

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