Sample Questions - Cash Flow Statement Notes | Study Crash Course of Accountancy - Class 12 - Commerce

Commerce: Sample Questions - Cash Flow Statement Notes | Study Crash Course of Accountancy - Class 12 - Commerce

The document Sample Questions - Cash Flow Statement Notes | Study Crash Course of Accountancy - Class 12 - Commerce is a part of the Commerce Course Crash Course of Accountancy - Class 12.
All you need of Commerce at this link: Commerce

                                                    Cash Flow Statement

Time – 50 mins

M.M. - 30

Q1. The Goodwill of X ltd. increased from 2, 00,000 in 2013-14 to 3, 50,000 in 2014-15. What will be its treatment while preparing Cash Flow Statement for the year ended 31st March 2015? (1 mark)

Q2. Kartik Mutuals, a mutual fund company, provides you the following information: 31st March 2013 31st March 2014 Proposed Dividend 20,000 15,000 Additional Information: Equity Share Capital raised during the year 3,00,000 10% bank loan repaid was 1,00,000 Dividend received during the year was 20,000 Find out the cash flow from financing activities. (1 mark)

Q3. Prepare Cash Flow Statement from the following Balance sheets and Additional information:

Particulars

31/03/2013

31/03/2012

Equity and Liabilities

Shareholders Fund

Share Capital

Reserves and Surplus

Non Current Liabilities

10% Debentures

Current Liabilities

Trade payables

6.30.000

3.08.000

1,00,000

1.80.000

5.60.000

1.82.000

1.50.000

32.000

Total

12,18,000

9,24,000

Assets

Non Current Assets

Fixed Assets :

Plant

Current Assets

Inventories

Trade Receivables

Cash And Cash Equivalents

3.92.000

98.000

6.30.000

98.000

2,80,000

1.40.000

4.20.000

84.000

Total

12,18,000

9,24,000

Additional Information:

(i) An old machinery having book value of Rs. 72,000(accumulated depreciation was Rs. 30,000) was sold for Rs. 56,000.
(ii) Depreciation provided on machinery during the year was Rs. 28,000. (6 mark)

Q4. Calculate cash flow from financing activities:
Equity and liabilities                                                              2012             2011
10% debentures                                                                       20,0000       40,0000
Equity shares                                                                           60,0000       10,0000
15% preference shares                                                            50,0000       10,0000
Public deposits                                                                         12,0000        15,0000
Proposed dividends                                                                  15,000          25,000
Additional info:
a. Debentures were redeemed at a premium of 10%.
b. Additional preference shares were issued on 1stjuly 2011 at premium of 10%.
c. Provide dividends on preference shares up to date.
d. Shares were issued at a premium of 10% and under writing commission paid was Rs. 10000.
e. Dividend on equity shares made during the year was Rs. 40000. (6 mark)

Q5. Calculate cash flow from investing activities clearly preparing the ledger accounts:
Assets                                                                          2010                             2011

Goodwill                                                                     1,00,000                      3,00,000

Patents                                                                        2,80,000                     1,60,000

Machinery                                                                  10,20,000                    12,40,000
10% Long-term investment                                     60,000                         1,60,000
Investment in land                                                    1,00,000                      1,00,000
Shares in Fufu ltd. 1,00,000 1,00,000 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 theyear was Rs. 1,40,000.
(c) On March 31, 2007, 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, 2011.
(d) Fufu 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. (8 mark)

Q6. Prepare a Cash Flow Statement from the following Balance Sheet of Shuchi Diamonds Ltd:
Balance Sheet of Shuchi Diamonds Ltd. as at 31st March, 2014

Particular

Note

31 st

31st



2014(Rs.)

2013 (Rs.

I. Equity and Liabilities

1. Shareholders' Funds




(a) Share Capital


40,00,000

34,00,000

(b) Reserves and Surplus

2. Non-Current Liabilities

1

6,00,000

8,00,000

Long-term Borrowings

2

4,00,000

2,00,000

3. Current Liabilities




(a) Trade Payables


1,00,000

2,00,000

(b) Other Current Liabilities

3

1,00,000

80,000

Total


52,00,000

46,80,000

I. ASSET

1S. Non-Current Assets




(a) Fixed Assets




(i) Tangible Assets

4

16,00,000

18.00,000

(i i) Intangible Assets


12,00,000

10,00,000

(b) Non-current Investments


6,00,000

5,00,000

2. Current Assets




(a) Inventories


2,00,000


(b) Trade Receivables


6,00,000

5,00,000

(c) Cash and Cash Equivalents


10,00,000

8,80,000

Total


52,00,000

46,80,000

Notes to accounts

Particulars


31st

31st



2014 ('f)

2013{Rs.)

1. Reserves and Surplus




Surplus, i.e., Balance in Statement of Profit and Loss


6,00,000

8,00,000

2. Long-term Borrowings




9% Debentures


4,00,000

2,00,000

3. Other Current Liabilities




Outstanding Expenses


1,00,000

80,000

4. tangible Assets



18,00,000

Machinery


16,00,00

0


Additional Information:
• tax paid during the year was Rs. 40,000. • A Machine costing Rs. 50,000 (depreciation provided thereon Rs. 30,000) was sold for Rs. 10,000 during the year. (8 mark)

The document Sample Questions - Cash Flow Statement Notes | Study Crash Course of Accountancy - Class 12 - Commerce is a part of the Commerce Course Crash Course of Accountancy - Class 12.
All you need of Commerce at this link: Commerce

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