Management Accounting Ts Grewal 2017 Solutions for Class 12 Commerce Accountancy Chapter 2 Cash Flow Statement Based On AS 3 (Revised) are provided here with simple step-by-step explanations. These solutions for Cash Flow Statement Based On AS 3 (Revised) are extremely popular among class 12 Commerce students for Accountancy Cash Flow Statement Based On AS 3 (Revised) Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Management Accounting Ts Grewal 2017 Book of class 12 Commerce Accountancy Chapter 2 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Management Accounting Ts Grewal 2017 Solutions. All Management Accounting Ts Grewal 2017 Solutions for class 12 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 3.100:
Question 18:
Answer:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 2,50,000 | |
+ Provision for Tax | 1,50,000 | |
+ Reserve | 2,00,000 | |
+ Dividend | ||
Add: Non Operating Expenses
|
||
Depreciation | 2,50,000 | |
Goodwill written off | 80,000 | |
Loss on Sale of Machinery | 2,50,000 | 5,80,000 |
Less: Non Operating Incomes
|
– | |
Operating Profit Before Working Capital Changes | 11,80,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Debtors | 1,28,000 | |
O/standing Expenses | 15,000 | |
Prepaid Expenses | 20,000 | 1,63,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Bills Payable | (47,000) | |
Current Investments | (1,50,000) | (1,97,000) |
Cash From Operating Activities | 11,46,000 | |
Less: Tax Paid
|
(3,50,000) | |
Net Cash From Operating Activities (A) | 7,96,000 | |
Page No 3.100:
Question 19:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 2,50,000 | |
+ Provision for Tax | 1,50,000 | |
+ Reserve | 2,00,000 | |
+ Dividend | ||
Add: Non Operating Expenses
|
||
Depreciation | 2,50,000 | |
Goodwill written off | 80,000 | |
Loss on Sale of Machinery | 2,50,000 | 5,80,000 |
Less: Non Operating Incomes
|
– | |
Operating Profit Before Working Capital Changes | 11,80,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Debtors | 1,28,000 | |
O/standing Expenses | 15,000 | |
Prepaid Expenses | 20,000 | 1,63,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Bills Payable | (47,000) | |
Current Investments | (1,50,000) | (1,97,000) |
Cash From Operating Activities | 11,46,000 | |
Less: Tax Paid
|
(3,50,000) | |
Net Cash From Operating Activities (A) | 7,96,000 | |
Answer:
Cash Flow from Operating Activities For the Year Ending March 31,2015 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 18,000 | |
+ Provision for Tax | 50,000 | |
+ General Reserve | 30,000 | |
+ Proposed Dividend | 50,000 | |
Add: Non Operating Expenses
|
||
Depreciation | 30,000 | 30,000 |
Goodwill written off | 25,000 | 25,000 |
Loss on Sale of Machinery | ||
Less: Non Operating Incomes
|
– | |
Operating Profit Before Working Capital Changes | 2,03,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Stock | 10,000 | |
Creditors | 28,000 | 38,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (92,000) | |
O/Standing Current Liabilities | (4,000) | (96,000) |
Cash From Operating Activities | 1,45,000 | |
Less: Tax Paid
|
(40,000) | |
Net Cash From Operating Activities (A) | 1,05,000 | |
Page No 3.101:
Question 20:
Cash Flow from Operating Activities For the Year Ending March 31,2015 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 18,000 | |
+ Provision for Tax | 50,000 | |
+ General Reserve | 30,000 | |
+ Proposed Dividend | 50,000 | |
Add: Non Operating Expenses
|
||
Depreciation | 30,000 | 30,000 |
Goodwill written off | 25,000 | 25,000 |
Loss on Sale of Machinery | ||
Less: Non Operating Incomes
|
– | |
Operating Profit Before Working Capital Changes | 2,03,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Stock | 10,000 | |
Creditors | 28,000 | 38,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (92,000) | |
O/Standing Current Liabilities | (4,000) | (96,000) |
Cash From Operating Activities | 1,45,000 | |
Less: Tax Paid
|
(40,000) | |
Net Cash From Operating Activities (A) | 1,05,000 | |
Answer:
Cash Flow from Operating Activities |
|||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
|
Profit as per Statement of Profit and Loss |
|
1,80,000 |
|
Add: Tax Expense |
|
64,000 |
|
Profit Before Taxation |
|
2,44,000 |
|
Items to be Added: |
|
|
|
Loss on Sale of Assets |
36,000 |
|
|
Depreciation and Amortisation Expenses |
1,85,000 |
2,21,000 |
|
|
|
4,65,000 |
|
Items to be Deducted: |
|
|
|
Dividend Received |
(5,000) |
|
|
Profit on Sale of Plant |
(40,000) |
(45,000) |
|
Operating Profit before Working Capital Adjustments |
|
4,20,000 |
|
Less: Decrease in Current Liabilities |
|
|
|
Office Expenses Outstanding |
|
(5,000) |
|
Add: Increase in Current Liabilities |
|
|
|
Trade Payables |
28,000 |
|
|
Selling Expenses Outstanding |
3,000 |
31,000 |
|
Less: Increase in Current Assets |
|
|
|
Trade Receivables |
(37,000) |
|
|
Inventories |
16,000 |
(21,000) |
|
Cash Generated from Operations |
|
4,25,000 |
|
Less: Tax Paid |
|
(64,000) |
|
Net Cash Flows from Operating Activities |
|
3,61,000 |
Page No 3.102:
Question 21:
Cash Flow from Operating Activities |
|||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
|
Profit as per Statement of Profit and Loss |
|
1,80,000 |
|
Add: Tax Expense |
|
64,000 |
|
Profit Before Taxation |
|
2,44,000 |
|
Items to be Added: |
|
|
|
Loss on Sale of Assets |
36,000 |
|
|
Depreciation and Amortisation Expenses |
1,85,000 |
2,21,000 |
|
|
|
4,65,000 |
|
Items to be Deducted: |
|
|
|
Dividend Received |
(5,000) |
|
|
Profit on Sale of Plant |
(40,000) |
(45,000) |
|
Operating Profit before Working Capital Adjustments |
|
4,20,000 |
|
Less: Decrease in Current Liabilities |
|
|
|
Office Expenses Outstanding |
|
(5,000) |
|
Add: Increase in Current Liabilities |
|
|
|
Trade Payables |
28,000 |
|
|
Selling Expenses Outstanding |
3,000 |
31,000 |
|
Less: Increase in Current Assets |
|
|
|
Trade Receivables |
(37,000) |
|
|
Inventories |
16,000 |
(21,000) |
|
Cash Generated from Operations |
|
4,25,000 |
|
Less: Tax Paid |
|
(64,000) |
|
Net Cash Flows from Operating Activities |
|
3,61,000 |
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
|
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
(60,000) |
|
||
|
Profit Before Taxation |
|
(60,000) |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
60,000 |
|
||
|
Goodwill Written Off |
40,000 |
|
||
|
Loss on Sale of Machinery |
1,00,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Dividend Received |
(40,000) |
1,60,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
1,00,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Accrued Commission |
(20,000) |
|
|
|
|
Increase in Inventory |
(20,000) |
(40,000) |
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Outstanding Rent |
40,000 |
|
||
|
Outstanding Wages |
60,000 |
1,00,000 |
||
|
Cash Generated from Operations |
|
1,60,000 |
||
|
Less: Tax Paid |
|
- |
||
|
Net Cash Flows from Operating Activities |
|
1,60,000 |
||
|
|
|
|
Page No 3.103:
Question 22:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
|
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
(60,000) |
|
||
|
Profit Before Taxation |
|
(60,000) |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
60,000 |
|
||
|
Goodwill Written Off |
40,000 |
|
||
|
Loss on Sale of Machinery |
1,00,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Dividend Received |
(40,000) |
1,60,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
1,00,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Accrued Commission |
(20,000) |
|
|
|
|
Increase in Inventory |
(20,000) |
(40,000) |
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Outstanding Rent |
40,000 |
|
||
|
Outstanding Wages |
60,000 |
1,00,000 |
||
|
Cash Generated from Operations |
|
1,60,000 |
||
|
Less: Tax Paid |
|
- |
||
|
Net Cash Flows from Operating Activities |
|
1,60,000 |
||
|
|
|
|
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
|
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
|
1,00,000 |
||
|
Profit Before Taxation |
|
|
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
|
25,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
1,25,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Prepaid Expenses |
(5,000) |
|
|
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
50,000 |
|
||
|
Trade Receivables |
30,000 |
|
||
|
Add: Increase in Current Liabilities |
|
|
||
|
Outstanding Expenses |
3,000 |
|
||
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(15,000) |
63,000 |
||
|
Cash Generated from Operations |
|
1,88,000 |
||
|
Less: Tax Paid |
|
- |
||
|
Net Cash Flows from Operating Activities |
|
1,88,000 |
||
|
|
|
|
Page No 3.103:
Question 23:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
|
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
|
1,00,000 |
||
|
Profit Before Taxation |
|
|
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
|
25,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
1,25,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Prepaid Expenses |
(5,000) |
|
|
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
50,000 |
|
||
|
Trade Receivables |
30,000 |
|
||
|
Add: Increase in Current Liabilities |
|
|
||
|
Outstanding Expenses |
3,000 |
|
||
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(15,000) |
63,000 |
||
|
Cash Generated from Operations |
|
1,88,000 |
||
|
Less: Tax Paid |
|
- |
||
|
Net Cash Flows from Operating Activities |
|
1,88,000 |
||
|
|
|
|
Answer:
Cash From Investing Activities For the Year Ending ……. |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Investment | (5,00,000) | |
Proceeds from Sale of Investments | 6,00,000 | |
Purchase of Goodwill | (2,50,000) | |
Purchase of Machinery | (7,40,000) | |
Proceeds from Sale of Machinery | 1,00,000 | |
Proceeds from Sale of Patents | 1,00,000 | |
Interest received on Investments | 80,000 | |
Dividend Received on Shares | 40,000 | |
Rent Received ( Land used for Commercial Purpose) | 80,000 | |
Net Cash From Investing Activities | (4,90,000) | |
Page No 3.103:
Question 24:
Cash From Investing Activities For the Year Ending ……. |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Investment | (5,00,000) | |
Proceeds from Sale of Investments | 6,00,000 | |
Purchase of Goodwill | (2,50,000) | |
Purchase of Machinery | (7,40,000) | |
Proceeds from Sale of Machinery | 1,00,000 | |
Proceeds from Sale of Patents | 1,00,000 | |
Interest received on Investments | 80,000 | |
Dividend Received on Shares | 40,000 | |
Rent Received ( Land used for Commercial Purpose) | 80,000 | |
Net Cash From Investing Activities | (4,90,000) | |
Answer:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Patents | (40,000) | |
Proceeds from Sale of Land | 40,000 | |
Purchase of Furniture | (4,60,000) | |
Proceeds from Sale of Investment | 40,000 | |
Accrued Interest on Investment | 20,000 | |
Net Cash From Investing Activities | (4,00,000) | |
Page No 3.104:
Question 25:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Patents | (40,000) | |
Proceeds from Sale of Land | 40,000 | |
Purchase of Furniture | (4,60,000) | |
Proceeds from Sale of Investment | 40,000 | |
Accrued Interest on Investment | 20,000 | |
Net Cash From Investing Activities | (4,00,000) | |
Answer:
Cash Flow from Investing Activities |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
|
|
|
Purchase of Machinery (WN1) |
(60,000) |
|
|
|
Sale of Machinery |
20,000 |
|
|
|
Sale of Patents (WN3) |
1,00,000 |
60,000 |
|
Net Cash Used in Investing Activities |
|
60,000 |
Working Notes:
WN 1:
Machinery Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d |
4,00,000 |
Provision for Depreciation A/c |
24,000 |
||
Profit and Loss A/c (Profit on Sale) |
4,000 |
Bank A/c (Sale) |
20,000 |
||
Bank A/c (Purchase) |
60,000 |
Balance c/d |
4,20,000 |
||
|
4,64,000 |
|
4,64,000 |
||
|
|
|
|
WN2:
Patents Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d |
2,80,000 |
Patents Written off |
40,000 |
||
Profit and Loss A/c (Profit on Sale) |
20,000 |
Bank A/c (Sale) (Balancing Figure) |
1,00,000 |
||
|
|
Balance c/d |
1,60,000 |
||
|
3,00,000 |
|
3,00,000 |
||
|
|
|
|
WN3:
Provision for Depreciation Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Asset A/c |
60,000 |
Balance b/d |
1,10,000 |
||
Balance c/d |
1,50,000 |
Profit and Loss A/c (Depreciation charged during the year) |
1,00,000 |
||
|
2,10,000 |
|
2,10,000 |
||
|
|
|
|
Page No 3.104:
Question 26:
Cash Flow from Investing Activities |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
|
|
|
Purchase of Machinery (WN1) |
(60,000) |
|
|
|
Sale of Machinery |
20,000 |
|
|
|
Sale of Patents (WN3) |
1,00,000 |
60,000 |
|
Net Cash Used in Investing Activities |
|
60,000 |
Working Notes:
WN 1:
Machinery Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d |
4,00,000 |
Provision for Depreciation A/c |
24,000 |
||
Profit and Loss A/c (Profit on Sale) |
4,000 |
Bank A/c (Sale) |
20,000 |
||
Bank A/c (Purchase) |
60,000 |
Balance c/d |
4,20,000 |
||
|
4,64,000 |
|
4,64,000 |
||
|
|
|
|
WN2:
Patents Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d |
2,80,000 |
Patents Written off |
40,000 |
||
Profit and Loss A/c (Profit on Sale) |
20,000 |
Bank A/c (Sale) (Balancing Figure) |
1,00,000 |
||
|
|
Balance c/d |
1,60,000 |
||
|
3,00,000 |
|
3,00,000 |
||
|
|
|
|
WN3:
Provision for Depreciation Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Asset A/c |
60,000 |
Balance b/d |
1,10,000 |
||
Balance c/d |
1,50,000 |
Profit and Loss A/c (Depreciation charged during the year) |
1,00,000 |
||
|
2,10,000 |
|
2,10,000 |
||
|
|
|
|
Answer:
Cash From Investing Activities For the Year Ending March 31, 2015 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash From Investing Activities | ||
Proceeds from Sale of Investments (2,50,000 + 10%) | 2,75,000 | |
Interest received on Investments | 70,000 | |
Dividend Received on Investment | 30,000 | |
Purchase of Investment | (7,50,000) | |
Rent Received | 20,000 | |
Purchase of Fixed Assets (23,80,000 + 2,00,000 – 19,50,000) | (6,30,000) | |
Net Cash From Investing Activities | (9,85,000) | |
Page No 3.104:
Question 27:
Cash From Investing Activities For the Year Ending March 31, 2015 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash From Investing Activities | ||
Proceeds from Sale of Investments (2,50,000 + 10%) | 2,75,000 | |
Interest received on Investments | 70,000 | |
Dividend Received on Investment | 30,000 | |
Purchase of Investment | (7,50,000) | |
Rent Received | 20,000 | |
Purchase of Fixed Assets (23,80,000 + 2,00,000 – 19,50,000) | (6,30,000) | |
Net Cash From Investing Activities | (9,85,000) | |
Answer:
Cash From Investing Activities For the Year Ending ….. |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Land | (5,00,000) | |
Purchase of Investment | (2,70,000) | |
Purchase of Machinery | (4,50,000) | |
Proceeds from Sale of Building | 6,00,000 | |
Proceeds from Sale of Investments | 1,60,000 | |
Proceeds from Sale of Machinery | 2,10,000 | |
Interest received | 20,000 | |
Dividend Received | 30,000 | |
Rent Received | 90,000 | (1,10,000) |
Net Cash From Investing Activities | (1,10,000) | |
Page No 3.104:
Question 28:
Cash From Investing Activities For the Year Ending ….. |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Land | (5,00,000) | |
Purchase of Investment | (2,70,000) | |
Purchase of Machinery | (4,50,000) | |
Proceeds from Sale of Building | 6,00,000 | |
Proceeds from Sale of Investments | 1,60,000 | |
Proceeds from Sale of Machinery | 2,10,000 | |
Interest received | 20,000 | |
Dividend Received | 30,000 | |
Rent Received | 90,000 | (1,10,000) |
Net Cash From Investing Activities | (1,10,000) | |
Answer:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Plant & Machinery | (2,60,000) | |
Proceeds from Sale of Plant & Machinery | 40,000 | |
Proceeds from Sale of Land | 1,60,000 | |
Purchase of Investment | (60,000) | (1,20,000) |
Net Cash From Investing Activities | (1,20,000) | |
Working Notes:-
Plant & Machinery Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 8,50,000 | Depreciation A/c | 50,000 | ||
Bank A/c (Purchases) (Balancing Figure) |
2,60,000 | Sales A/c | 40,000 | ||
P& L A/c ( Loss) | 20,000 | ||||
Balance c/d | 10,00,000 | ||||
11,10,000 | 11,10,000 | ||||
Land Account |
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 2,00,000 | Sales A/c (Balancing Figure) | 1,60,000 | ||
P& L A/c (Profit) | 60,000 | Balance c/d | 1,00,000 | ||
2,60,000 | 2,60,000 | ||||
Page No 3.105:
Question 29:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Plant & Machinery | (2,60,000) | |
Proceeds from Sale of Plant & Machinery | 40,000 | |
Proceeds from Sale of Land | 1,60,000 | |
Purchase of Investment | (60,000) | (1,20,000) |
Net Cash From Investing Activities | (1,20,000) | |
Working Notes:-
Plant & Machinery Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 8,50,000 | Depreciation A/c | 50,000 | ||
Bank A/c (Purchases) (Balancing Figure) |
2,60,000 | Sales A/c | 40,000 | ||
P& L A/c ( Loss) | 20,000 | ||||
Balance c/d | 10,00,000 | ||||
11,10,000 | 11,10,000 | ||||
Land Account |
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 2,00,000 | Sales A/c (Balancing Figure) | 1,60,000 | ||
P& L A/c (Profit) | 60,000 | Balance c/d | 1,00,000 | ||
2,60,000 | 2,60,000 | ||||
Answer:
Cash From Investing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Goodwill | (1,00,000) | |
Purchase of Investment | (1,80,000) | |
Purchase of Machinery | (4,40,000) | |
Proceeds from Sale of Patents | 1,00,000 | |
Proceeds from Sale of Investments | 1,00,000 | |
Proceeds from Sale of Machinery | 50,000 | |
Interest on Investment received | 7,200 | |
Dividend Received on Investment | 10,000 | |
Rent Received | 20,000 | |
Net Cash From Investing Activities | 4,32,800 | |
Working Notes:-
Machinery Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 10,20,000 | Depreciation A/c | 1,40,000 | ||
Bank A/c ( Purchases) (Balancing Figure) |
4,40,000 | Bank A/c | 50,000 | ||
P& L A/c ( Loss) | 30,000 | ||||
Balance c/d | 12,40,000 | ||||
14,60,000 | 14,60,000 | ||||
Patents Account |
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 3,80,000 | P& L A/c ( Loss) | 40,000 | ||
P& L A/c ( Profit) | 20,000 | Sales A/c (Balancing Figure) | 1,00,000 | ||
Balance c/d | 2,60,000 | ||||
14,60,000 | 14,60,000 | ||||
Investment Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 60,000 | Sales A/c (Balancing Figure) | 1,00,000 | ||
Bank A/c | 1,80,000 | Balance c/d | 1,60,000 | ||
P& L A/c ( Profit) | 20,000 | ||||
2,60,000 | 2,60,000 | ||||
Page No 3.105:
Question 30:
Cash From Investing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Purchase of Goodwill | (1,00,000) | |
Purchase of Investment | (1,80,000) | |
Purchase of Machinery | (4,40,000) | |
Proceeds from Sale of Patents | 1,00,000 | |
Proceeds from Sale of Investments | 1,00,000 | |
Proceeds from Sale of Machinery | 50,000 | |
Interest on Investment received | 7,200 | |
Dividend Received on Investment | 10,000 | |
Rent Received | 20,000 | |
Net Cash From Investing Activities | 4,32,800 | |
Working Notes:-
Machinery Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 10,20,000 | Depreciation A/c | 1,40,000 | ||
Bank A/c ( Purchases) (Balancing Figure) |
4,40,000 | Bank A/c | 50,000 | ||
P& L A/c ( Loss) | 30,000 | ||||
Balance c/d | 12,40,000 | ||||
14,60,000 | 14,60,000 | ||||
Patents Account |
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 3,80,000 | P& L A/c ( Loss) | 40,000 | ||
P& L A/c ( Profit) | 20,000 | Sales A/c (Balancing Figure) | 1,00,000 | ||
Balance c/d | 2,60,000 | ||||
14,60,000 | 14,60,000 | ||||
Investment Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 60,000 | Sales A/c (Balancing Figure) | 1,00,000 | ||
Bank A/c | 1,80,000 | Balance c/d | 1,60,000 | ||
P& L A/c ( Profit) | 20,000 | ||||
2,60,000 | 2,60,000 | ||||
Answer:
Cash From Financing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Interest Paid on Debentures | (19,000) | |
Dividend Paid | (50,000) | |
Proceeds from Issue of Share Capital | 2,00,000 | |
Proceeds from Issue of Debenture | 1,00,000 | 2,31,000 |
Net Cash From Financing Activities | 2,31,000 | |
Page No 3.105:
Question 31:
Cash From Financing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Interest Paid on Debentures | (19,000) | |
Dividend Paid | (50,000) | |
Proceeds from Issue of Share Capital | 2,00,000 | |
Proceeds from Issue of Debenture | 1,00,000 | 2,31,000 |
Net Cash From Financing Activities | 2,31,000 | |
Answer:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Proceeds from Sale of Plant & Machinery | 2,50,000 | |
Purchase of Plant & Machinery (8,00,000 + 2,50,000 – 6,00,000) | (4,50,000) | |
Purchase of Non Current Investment | (50,000) | |
Net Cash From Investing Activities | (2,50,000) | |
Page No 3.106:
Question 32:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Investing Activities | ||
Proceeds from Sale of Plant & Machinery | 2,50,000 | |
Purchase of Plant & Machinery (8,00,000 + 2,50,000 – 6,00,000) | (4,50,000) | |
Purchase of Non Current Investment | (50,000) | |
Net Cash From Investing Activities | (2,50,000) | |
Answer:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash From Investing Activities |
||
Dividend Received on Investment | 5,000 | |
Sale of Non Current Investments | 2,00,000 | |
Net Cash From Investing Activities | 2,05,000 | |
Page No 3.106:
Question 33:
Cash From Investing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash From Investing Activities |
||
Dividend Received on Investment | 5,000 | |
Sale of Non Current Investments | 2,00,000 | |
Net Cash From Investing Activities | 2,05,000 | |
Answer:
Cash From Financing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount
(Rs)
|
Cash From Financing Activities | ||
Interest Paid on Debentures | (18,000) | |
Proceeds from Issue of Share Capital (1,00,000 +10,000) | 1,10,000 | |
Redemption of Debenture (50,000 + 5,000) | (55,000) | |
Net Cash From Financing Activities | 37,000 | |
Page No 3.107:
Question 34:
Cash From Financing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount
(Rs)
|
Cash From Financing Activities | ||
Interest Paid on Debentures | (18,000) | |
Proceeds from Issue of Share Capital (1,00,000 +10,000) | 1,10,000 | |
Redemption of Debenture (50,000 + 5,000) | (55,000) | |
Net Cash From Financing Activities | 37,000 | |
Answer:
Cash From Financing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Interest Paid on Debentures | (10,000) | |
Dividend Paid | (50,000) | |
Proceeds from Issue of Share Capital | 2,00,000 | |
Redemption of 10% Debenture | (2,00,000) | |
Proceeds from Issue of 8% Debenture | 3,00,000 | |
Repayment of Bank Loan | (1,50,000) | |
Bank Overdraft | 50,000 | |
Interest paid on Bank Overdraft | (1,000) | |
Net Cash From Financing Activities | 1,39,000 | |
Page No 3.107:
Question 35:
Cash From Financing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Interest Paid on Debentures | (10,000) | |
Dividend Paid | (50,000) | |
Proceeds from Issue of Share Capital | 2,00,000 | |
Redemption of 10% Debenture | (2,00,000) | |
Proceeds from Issue of 8% Debenture | 3,00,000 | |
Repayment of Bank Loan | (1,50,000) | |
Bank Overdraft | 50,000 | |
Interest paid on Bank Overdraft | (1,000) | |
Net Cash From Financing Activities | 1,39,000 | |
Answer:
Cash From Financing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Dividend Paid on Preference Share Capital (4,00,000 × 10%) | (40,000) | |
Interim Dividend Paid (6,00,000 × 15%) | (90,000) | |
Redemption of Preference Shares (2,00,000 + 5%) | (2,10,000) | |
Proceeds from Issue of Equity Share Capital | 2,00,000 | |
Premium Received from Equity Share | 25,000 | |
Proceeds from Issue of Debentures | 2,00,000 | |
Interest Paid on Debentures (48,000 – 9,600) | (38,400) | |
Net Cash From Financing Activities | 46,600 | |
Page No 3.108:
Question 36:
Cash From Financing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Dividend Paid on Preference Share Capital (4,00,000 × 10%) | (40,000) | |
Interim Dividend Paid (6,00,000 × 15%) | (90,000) | |
Redemption of Preference Shares (2,00,000 + 5%) | (2,10,000) | |
Proceeds from Issue of Equity Share Capital | 2,00,000 | |
Premium Received from Equity Share | 25,000 | |
Proceeds from Issue of Debentures | 2,00,000 | |
Interest Paid on Debentures (48,000 – 9,600) | (38,400) | |
Net Cash From Financing Activities | 46,600 | |
Answer:
Cash From Financing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Proceeds from Issue of Equity Share Capital (15,00,000+ 75,000) | 15,75,000 | |
Share Issue Expenses Paid | (1,75,000) | |
Bank Overdraft | 1,00,000 | |
Net Cash From Financing Activities | 15,00,000 | |
Page No 3.108:
Question 37:
Cash From Financing Activities For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash From Financing Activities | ||
Proceeds from Issue of Equity Share Capital (15,00,000+ 75,000) | 15,75,000 | |
Share Issue Expenses Paid | (1,75,000) | |
Bank Overdraft | 1,00,000 | |
Net Cash From Financing Activities | 15,00,000 | |
Answer:
Calculation of Cash from Financing Activities:
|
Cash Flow Statement for the year ended March 31, 2011 |
|||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
|
|
Cash Flow from Financing Activities |
|
|
|
|
Issue of Share Capital |
2,00,000 |
|
|
|
Redemption of Preference Share Capital |
(1,00,000) |
|
|
|
Security Premium Reserve |
35,000 |
|
|
|
Issue of 11% Debentures |
1,00,000 |
|
|
|
Preference Dividend paid |
(30,000) |
|
|
|
Interest on Debentures paid |
(55,000) |
|
|
|
Equity Dividend paid |
(36,000) |
|
|
|
|
|
|
|
|
Net Cash Flows from Financing Activities |
|
1,14,000 |
|
|
|
|
|
Page No 3.109:
Question 38:
Calculation of Cash from Financing Activities:
|
Cash Flow Statement for the year ended March 31, 2011 |
|||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
|
|
Cash Flow from Financing Activities |
|
|
|
|
Issue of Share Capital |
2,00,000 |
|
|
|
Redemption of Preference Share Capital |
(1,00,000) |
|
|
|
Security Premium Reserve |
35,000 |
|
|
|
Issue of 11% Debentures |
1,00,000 |
|
|
|
Preference Dividend paid |
(30,000) |
|
|
|
Interest on Debentures paid |
(55,000) |
|
|
|
Equity Dividend paid |
(36,000) |
|
|
|
|
|
|
|
|
Net Cash Flows from Financing Activities |
|
1,14,000 |
|
|
|
|
|
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
|
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
7,25,000 |
|
||
|
Provision for Tax |
1,12,500 |
|
||
|
Equity Dividend |
90,000 |
|
||
|
Preference Dividend |
37,500 |
|
||
|
General Reserve |
75,000 |
|
||
|
Profit Before Taxation |
|
10,40,000 |
||
|
Items to be Added: |
|
|
||
|
Interest on Debentures |
41,000 |
|
||
|
Interest on Bank Loan |
9,000 |
50,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
10,90,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Inventories |
(1,50,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
2,50,000 |
1,00,000 |
||
|
Cash Generated from Operations |
|
11,90,000 |
||
|
Less: Tax Paid |
|
(62,500) |
||
|
Net Cash Flows from Operating Activities |
|
11,27,500 |
||
|
|
|
|
||
|
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
2,50,000 |
|
||
|
Equity Dividend paid |
(90,000) |
|
||
|
Redemption of Preference Share Capital |
(2,50,000) |
|
||
|
Preference Dividend paid |
(37,500) |
|
||
|
Proceeds from Issue of Debentures |
2,75,000 |
|
||
|
Interest on Debentures Paid |
(41,000) |
|
||
|
Security Premium Reserve |
25,000 |
|
||
|
Repayment of bank loan |
(25,000) |
|
||
|
Interest on Bank Loan Paid |
(9,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
97,500 |
||
|
|
|
|
||
Working Note:
1. If Equity dividend is paid, it is assumed Preference Dividend is also paid.
4.
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
62,500 |
Balance b/d |
50,000 |
(Bal. Fig.) |
|
Profit and Loss A/c |
1,12,500 |
Balance c/d |
1,00,000 |
|
|
|
1,62,500 |
|
1,62,500 |
|
|
|
|
Page No 3.109:
Question 39:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
|
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
7,25,000 |
|
||
|
Provision for Tax |
1,12,500 |
|
||
|
Equity Dividend |
90,000 |
|
||
|
Preference Dividend |
37,500 |
|
||
|
General Reserve |
75,000 |
|
||
|
Profit Before Taxation |
|
10,40,000 |
||
|
Items to be Added: |
|
|
||
|
Interest on Debentures |
41,000 |
|
||
|
Interest on Bank Loan |
9,000 |
50,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
10,90,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Inventories |
(1,50,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
2,50,000 |
1,00,000 |
||
|
Cash Generated from Operations |
|
11,90,000 |
||
|
Less: Tax Paid |
|
(62,500) |
||
|
Net Cash Flows from Operating Activities |
|
11,27,500 |
||
|
|
|
|
||
|
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
2,50,000 |
|
||
|
Equity Dividend paid |
(90,000) |
|
||
|
Redemption of Preference Share Capital |
(2,50,000) |
|
||
|
Preference Dividend paid |
(37,500) |
|
||
|
Proceeds from Issue of Debentures |
2,75,000 |
|
||
|
Interest on Debentures Paid |
(41,000) |
|
||
|
Security Premium Reserve |
25,000 |
|
||
|
Repayment of bank loan |
(25,000) |
|
||
|
Interest on Bank Loan Paid |
(9,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
97,500 |
||
|
|
|
|
||
Working Note:
1. If Equity dividend is paid, it is assumed Preference Dividend is also paid.
4.
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
62,500 |
Balance b/d |
50,000 |
(Bal. Fig.) |
|
Profit and Loss A/c |
1,12,500 |
Balance c/d |
1,00,000 |
|
|
|
1,62,500 |
|
1,62,500 |
|
|
|
|
Answer:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 5,00,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses | ||
Premium on Redemption of Preference Share | 25,000 | 25,000 |
Interim Dividend | 2,40,000 | 2,40,000 |
Proposed Dividend (10, 00,000 × 10%) | 1,00,000 | 1,00,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | ||
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Cash From Operating Activities | 9,65,000 | |
Less: Tax Paid | - | |
Net Cash From Operating Activities (A) | 9,65,000 | |
Cash From Financing Activities | ||
Redemption of Preference Shares Capital (5, 00,000 + 5%) | (5,25,000) | |
Interim Dividend Paid (30, 00,000 × 8%) | (2,40,000) | |
Preference Dividend Paid | (1,00,000) | |
Proceeds from Public Deposits | (1,00,000) | |
Proceeds from Issue of Equity Share Capital | 10,00,000 | |
Proceeds from Security Premium | 2,00,000 | |
Net Cash From Financing Activities (C) | 3,35,000 | |
Page No 3.109:
Question 40:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 5,00,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses | ||
Premium on Redemption of Preference Share | 25,000 | 25,000 |
Interim Dividend | 2,40,000 | 2,40,000 |
Proposed Dividend (10, 00,000 × 10%) | 1,00,000 | 1,00,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | ||
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Cash From Operating Activities | 9,65,000 | |
Less: Tax Paid | - | |
Net Cash From Operating Activities (A) | 9,65,000 | |
Cash From Financing Activities | ||
Redemption of Preference Shares Capital (5, 00,000 + 5%) | (5,25,000) | |
Interim Dividend Paid (30, 00,000 × 8%) | (2,40,000) | |
Preference Dividend Paid | (1,00,000) | |
Proceeds from Public Deposits | (1,00,000) | |
Proceeds from Issue of Equity Share Capital | 10,00,000 | |
Proceeds from Security Premium | 2,00,000 | |
Net Cash From Financing Activities (C) | 3,35,000 | |
Answer:
Cash From Financing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 2,50,000 | |
Interest Paid on Debentures | (50,000) | |
Cash Credit | 25,000 | |
Net Cash From Financing Activities (C) | 2,25,000 | |
Note: There is a misprint in the answer given in the textbook. It should be 'Cash Flows from Financing Activities' instead of 'Cash Used in Financing Activities'.
Page No 3.110:
Question 41:
Cash From Financing Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 2,50,000 | |
Interest Paid on Debentures | (50,000) | |
Cash Credit | 25,000 | |
Net Cash From Financing Activities (C) | 2,25,000 | |
Note: There is a misprint in the answer given in the textbook. It should be 'Cash Flows from Financing Activities' instead of 'Cash Used in Financing Activities'.
Answer:
Cash Flow Statement For the Year Ending March31,2014 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 10,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses | ||
Goodwill Written Off | 15,000 | 15,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 25,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 35,000 | |
Debtors | 28,000 | 63,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
O/standing Expenses | (12,000) | |
Inventories | (80,000) | (92,000) |
Cash From Operating Activities | (4,000) | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | (4,000) | |
Cash From Investing Activities | ||
Purchase of Fixed Assets | (1,23,000) | |
Net Cash From Investing Activities (B) | (1,23,000) | |
Cash From Financing Activities | ||
Proceeds from Mortgage Loan | 30,000 | |
Repayment of Public Deposits | (60,000) | |
Proceeds from Issue of Share Capital | 1,00,000 | |
Net Cash From Financing Activities (C) | 70,000 | |
Net decrease in Cash (A + B + C) | (57,000) | |
Add: Opening Cash and Cash Equivalents | 90,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 33,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Page No 3.111:
Question 42:
Cash Flow Statement For the Year Ending March31,2014 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 10,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses | ||
Goodwill Written Off | 15,000 | 15,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 25,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 35,000 | |
Debtors | 28,000 | 63,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
O/standing Expenses | (12,000) | |
Inventories | (80,000) | (92,000) |
Cash From Operating Activities | (4,000) | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | (4,000) | |
Cash From Investing Activities | ||
Purchase of Fixed Assets | (1,23,000) | |
Net Cash From Investing Activities (B) | (1,23,000) | |
Cash From Financing Activities | ||
Proceeds from Mortgage Loan | 30,000 | |
Repayment of Public Deposits | (60,000) | |
Proceeds from Issue of Share Capital | 1,00,000 | |
Net Cash From Financing Activities (C) | 70,000 | |
Net decrease in Cash (A + B + C) | (57,000) | |
Add: Opening Cash and Cash Equivalents | 90,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 33,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Answer:
Cash Flow Statement For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 9,000 | |
+ Provision for Tax | 32,000 | |
+ General Reserve | 10,000 | |
+ Proposed Dividend | 39,000 | |
Add: Non Operating Expenses | ||
Goodwill Written Off | 10,000 | 10,000 |
Less: Non Operating Incomes |
–
|
|
Operating Profit Before Working Capital Changes | 1,00,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Inventories | 7,000 | |
Creditors | 18,000 | 25,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (33,000) | |
Other Current Liabilities | (2,000) | (35,000) |
Cash From Operating Activities | 90,000 | |
Less: Tax Paid | (28,000) | |
Net Cash From Operating Activities (A) | 62,000 | |
Cash From Investing Activities | ||
Purchase of Plant | (1,01,000) | |
Purchase of Investment | (25,000) | |
Proceeds from Sale of Land & Building | 53,000 | (73,000) |
Net Cash From Investing Activities (B) | (73,000) | |
Cash From Financing Activities | ||
Proposed Dividend | (28,000) | |
Proceeds from Share Capital | 50,000 | 22,000 |
Net Cash From Financing Activities (C) | 22,000 | |
Net Increase in Cash (A + B + C) | 11,000 | |
Add: Opening Cash and Cash Equivalents | 17,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 28,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Page No 3.111:
Question 43:
Cash Flow Statement For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 9,000 | |
+ Provision for Tax | 32,000 | |
+ General Reserve | 10,000 | |
+ Proposed Dividend | 39,000 | |
Add: Non Operating Expenses | ||
Goodwill Written Off | 10,000 | 10,000 |
Less: Non Operating Incomes |
–
|
|
Operating Profit Before Working Capital Changes | 1,00,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Inventories | 7,000 | |
Creditors | 18,000 | 25,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (33,000) | |
Other Current Liabilities | (2,000) | (35,000) |
Cash From Operating Activities | 90,000 | |
Less: Tax Paid | (28,000) | |
Net Cash From Operating Activities (A) | 62,000 | |
Cash From Investing Activities | ||
Purchase of Plant | (1,01,000) | |
Purchase of Investment | (25,000) | |
Proceeds from Sale of Land & Building | 53,000 | (73,000) |
Net Cash From Investing Activities (B) | (73,000) | |
Cash From Financing Activities | ||
Proposed Dividend | (28,000) | |
Proceeds from Share Capital | 50,000 | 22,000 |
Net Cash From Financing Activities (C) | 22,000 | |
Net Increase in Cash (A + B + C) | 11,000 | |
Add: Opening Cash and Cash Equivalents | 17,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 28,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Answer:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 2,000 | |
+ Provision for Tax | ||
+ General Reserve | 20,000 | |
+ Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Plant | 30,000 | |
Depreciation on Building | 50,000 | |
Goodwill Written Off | 10,000 | 90,000 |
Less: Non Operating Incomes |
–
|
|
Operating Profit Before Working Capital Changes | 1,12,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (40,000) | |
Inventories | (2,000) | |
Creditors | (18,000) | (60,000) |
Cash From Operating Activities | 52,000 | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | 52,000 | |
Cash From Investing Activities | ||
Purchase of Plant | (60,000) | |
Purchase of Building | (30,000) | (90,000) |
Net Cash From Investing Activities (B) | (90,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 50,000 | |
Redemption of Preference Share Capital | (10,000) | 40,000 |
Net Cash From Financing Activities (C) | 40,000 | |
Net Increase in Cash (A + B + C) | 2,000 | |
Add: Opening Cash and Cash Equivalents | 15,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 17,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Notes:-
Plant Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 40,000 | Depreciation | 30,000 | ||
Cash A/c (Balancing Figure) | 60,000 | Balance c/d | 70,000 | ||
1,00,000 | 1,00,000 | ||||
Building Account |
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 1,00,000 | Depreciation | 5,00,000 | ||
Cash A/c (Balancing Figure) | 30,000 | Balance c/d | 80,000 | ||
1,30,000 | 1,30,000 | ||||
Page No 3.112:
Question 44:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 2,000 | |
+ Provision for Tax | ||
+ General Reserve | 20,000 | |
+ Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Plant | 30,000 | |
Depreciation on Building | 50,000 | |
Goodwill Written Off | 10,000 | 90,000 |
Less: Non Operating Incomes |
–
|
|
Operating Profit Before Working Capital Changes | 1,12,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (40,000) | |
Inventories | (2,000) | |
Creditors | (18,000) | (60,000) |
Cash From Operating Activities | 52,000 | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | 52,000 | |
Cash From Investing Activities | ||
Purchase of Plant | (60,000) | |
Purchase of Building | (30,000) | (90,000) |
Net Cash From Investing Activities (B) | (90,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 50,000 | |
Redemption of Preference Share Capital | (10,000) | 40,000 |
Net Cash From Financing Activities (C) | 40,000 | |
Net Increase in Cash (A + B + C) | 2,000 | |
Add: Opening Cash and Cash Equivalents | 15,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 17,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Notes:-
Plant Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 40,000 | Depreciation | 30,000 | ||
Cash A/c (Balancing Figure) | 60,000 | Balance c/d | 70,000 | ||
1,00,000 | 1,00,000 | ||||
Building Account |
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 1,00,000 | Depreciation | 5,00,000 | ||
Cash A/c (Balancing Figure) | 30,000 | Balance c/d | 80,000 | ||
1,30,000 | 1,30,000 | ||||
Answer:
Cash Flow Statement For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 18,000 | |
+ Provision for Tax | 45,000 | |
+ General Reserve | 30,000 | |
+ Interim Dividend | 20,000 | |
+ Proposed Dividend | 50,000 | |
+ Share Issue Expenses | 5,000 | |
Add: Non Operating Expenses | ||
Depreciation on Plant | 10,000 | |
Depreciation on Building | 20,000 | |
Goodwill Written Off | 25,000 | 55,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 2,23,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 28,000 | 28,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (40,000) | |
Inventories | (32,000) | |
Bills Receivable | (10,000) | |
Bills Payable | (4,000) | (86,000) |
Cash From Operating Activities | 1,65,000 | |
Less: Tax Paid | (35,000) | |
Net Cash From Operating Activities (A) | 1,30,000 | |
Cash From Investing Activities | ||
Purchase of Plant | (1,20,000) | (1,20,000) |
Net Cash From Investing Activities (B) | (1,20,000) | |
Cash From Financing Activities | ||
Payment of Share Issue Expenses | (5,000) | |
Interim Dividend | (20,000) | |
Payment of Proposed Dividend | (42,000) | |
Proceeds from Issue of Share Capital | 1,00,000 | |
Payment of Land & Building | (50,000) | (17,000) |
Net Cash From Financing Activities (C) | (17,000) | |
Net Increase in Cash (A + B + C) | (7,000) | |
Add: Opening Cash and Cash Equivalents | 25,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 18,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Notes:-
Plant Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 80,000 | Depreciation | 10,000 | ||
Cash A/c (Balancing Figure) | 1,20,000 | Balance c/d | 1,90,000 | ||
2,00,000 | 2,00,000 | ||||
Building Account
|
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 2,00,000 | Depreciation | 20,000 | ||
Balance c/d | 1,80,000 | ||||
2,00,000 | 2,00,000 | ||||
Provision for Tax Account
|
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) | Particulars | Amount (Rs) |
||
Cash A/c | 35,000 | Balance b/d | 40,000 | ||
Balance c/d | 50,000 | P/ L A/c | 45,000 | ||
85,000 | 85,000 | ||||
Page No 3.113:
Question 45:
Cash Flow Statement For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 18,000 | |
+ Provision for Tax | 45,000 | |
+ General Reserve | 30,000 | |
+ Interim Dividend | 20,000 | |
+ Proposed Dividend | 50,000 | |
+ Share Issue Expenses | 5,000 | |
Add: Non Operating Expenses | ||
Depreciation on Plant | 10,000 | |
Depreciation on Building | 20,000 | |
Goodwill Written Off | 25,000 | 55,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 2,23,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 28,000 | 28,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (40,000) | |
Inventories | (32,000) | |
Bills Receivable | (10,000) | |
Bills Payable | (4,000) | (86,000) |
Cash From Operating Activities | 1,65,000 | |
Less: Tax Paid | (35,000) | |
Net Cash From Operating Activities (A) | 1,30,000 | |
Cash From Investing Activities | ||
Purchase of Plant | (1,20,000) | (1,20,000) |
Net Cash From Investing Activities (B) | (1,20,000) | |
Cash From Financing Activities | ||
Payment of Share Issue Expenses | (5,000) | |
Interim Dividend | (20,000) | |
Payment of Proposed Dividend | (42,000) | |
Proceeds from Issue of Share Capital | 1,00,000 | |
Payment of Land & Building | (50,000) | (17,000) |
Net Cash From Financing Activities (C) | (17,000) | |
Net Increase in Cash (A + B + C) | (7,000) | |
Add: Opening Cash and Cash Equivalents | 25,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 18,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Notes:-
Plant Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 80,000 | Depreciation | 10,000 | ||
Cash A/c (Balancing Figure) | 1,20,000 | Balance c/d | 1,90,000 | ||
2,00,000 | 2,00,000 | ||||
Building Account
|
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 2,00,000 | Depreciation | 20,000 | ||
Balance c/d | 1,80,000 | ||||
2,00,000 | 2,00,000 | ||||
Provision for Tax Account
|
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) | Particulars | Amount (Rs) |
||
Cash A/c | 35,000 | Balance b/d | 40,000 | ||
Balance c/d | 50,000 | P/ L A/c | 45,000 | ||
85,000 | 85,000 | ||||
Answer:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 10,000 | |
+ Provision for Tax | – | |
+ General Reserve | 20,000 | |
+ Interim Dividend | – | |
+ Proposed Dividend | 30,000 | |
+ Share Issue Expenses | 7,000 | |
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 50,000 | |
Debenture Interest | 10,000 | 60,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,27,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 40,000 | 40,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (18,000) | |
Current Investments | (20,000) | |
Inventories | (20,000) | (58,000) |
Cash From Operating Activities | 1,09,000 | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | 1,09,000 | |
Cash From Investing Activities | ||
Purchase of Fixed Assets | (93,000) | |
Purchase of Investment | (10,000) | (1,03,000) |
Net Cash From Investing Activities (B) | (1,03,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 40,000 | |
Proposed Dividend | (20,000) | |
Share Issue Expenses Paid | (7,000) | |
Debenture Interest Paid | (10,000) | |
Repayment of Land & Building | (10,000) | (7,000) |
Net Cash From Financing Activities (C) | (7,000) | |
Net Increase in Cash (A + B + C) | (1,000) | |
Add: Opening Cash and Cash Equivalents | 3,000 | |
Closing Cash and Cash Equivalents | 2,000 | |
Working Notes:-
Fixed Asset Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 3,97,000 | Depreciation | 50,000 | ||
Cash A/c (Balancing Figure) | 93,000 | Balance c/d | 4,40,000 | ||
4,90,000 | 4,90,000 | ||||
Page No 3.114:
Question 46:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 10,000 | |
+ Provision for Tax | – | |
+ General Reserve | 20,000 | |
+ Interim Dividend | – | |
+ Proposed Dividend | 30,000 | |
+ Share Issue Expenses | 7,000 | |
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 50,000 | |
Debenture Interest | 10,000 | 60,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,27,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 40,000 | 40,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (18,000) | |
Current Investments | (20,000) | |
Inventories | (20,000) | (58,000) |
Cash From Operating Activities | 1,09,000 | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | 1,09,000 | |
Cash From Investing Activities | ||
Purchase of Fixed Assets | (93,000) | |
Purchase of Investment | (10,000) | (1,03,000) |
Net Cash From Investing Activities (B) | (1,03,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 40,000 | |
Proposed Dividend | (20,000) | |
Share Issue Expenses Paid | (7,000) | |
Debenture Interest Paid | (10,000) | |
Repayment of Land & Building | (10,000) | (7,000) |
Net Cash From Financing Activities (C) | (7,000) | |
Net Increase in Cash (A + B + C) | (1,000) | |
Add: Opening Cash and Cash Equivalents | 3,000 | |
Closing Cash and Cash Equivalents | 2,000 | |
Working Notes:-
Fixed Asset Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 3,97,000 | Depreciation | 50,000 | ||
Cash A/c (Balancing Figure) | 93,000 | Balance c/d | 4,40,000 | ||
4,90,000 | 4,90,000 | ||||
Answer:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 25,000 | |
+ Provision for Tax | 23,000 | |
+ General Reserve | – | |
+ Interim Dividend | – | |
+ Proposed Dividend | 15,000 | |
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 80,000 | |
Debenture Interest | 10,600 | |
Goodwill Written Off | 25,000 | 1,15,600 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,78,600 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Other Assets | 8,000 | 8,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (30,000) | |
Creditors | (5,000) | |
Inventories | (20,000) | 55,000 |
Cash From Operating Activities | 1,31,600 | |
Less: Tax Paid | (18,000) | |
Net Cash From Operating Activities (A) | 1,13,600 | |
Cash From Investing Activities | ||
Purchase of Fixed Assets | (80,000) | |
Purchase of Investment | (50,000) | (1,30,000) |
Net Cash From Investing Activities (B) | (1,30,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 1,00,000 | |
Proposed Dividend | (10,000) | |
Debenture Interest Paid | (10,600) | |
Redemption of 8% Debentures | (90,000) | (10,600) |
Net Cash From Financing Activities (C) | (10,600) | |
Net Increase in Cash (A + B + C) | (27,000) | |
Add: Opening Cash and Cash Equivalents | (68,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | (95,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Notes:-
Fixed Asset Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 5,50,000 | Depreciation | 80,000 | ||
Cash A/c (Balancing Figure) | 80,000 | Balance c/d | 5,50,000 | ||
6,30,000 | 6,30,000 | ||||
Provision for Tax Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Cash A/c (Balancing Figure) | 18,000 | Balance b/d | 20,000 | ||
Balance c/d | 25,000 | Profit & Loss A/c | 23,000 | ||
43,000 | 43,000 | ||||
Note: Answer for Cash flow from Financing Activities calculated above is different from the answer given in the book.
Page No 3.115:
Question 47:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 25,000 | |
+ Provision for Tax | 23,000 | |
+ General Reserve | – | |
+ Interim Dividend | – | |
+ Proposed Dividend | 15,000 | |
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 80,000 | |
Debenture Interest | 10,600 | |
Goodwill Written Off | 25,000 | 1,15,600 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,78,600 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Other Assets | 8,000 | 8,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (30,000) | |
Creditors | (5,000) | |
Inventories | (20,000) | 55,000 |
Cash From Operating Activities | 1,31,600 | |
Less: Tax Paid | (18,000) | |
Net Cash From Operating Activities (A) | 1,13,600 | |
Cash From Investing Activities | ||
Purchase of Fixed Assets | (80,000) | |
Purchase of Investment | (50,000) | (1,30,000) |
Net Cash From Investing Activities (B) | (1,30,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 1,00,000 | |
Proposed Dividend | (10,000) | |
Debenture Interest Paid | (10,600) | |
Redemption of 8% Debentures | (90,000) | (10,600) |
Net Cash From Financing Activities (C) | (10,600) | |
Net Increase in Cash (A + B + C) | (27,000) | |
Add: Opening Cash and Cash Equivalents | (68,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | (95,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Notes:-
Fixed Asset Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 5,50,000 | Depreciation | 80,000 | ||
Cash A/c (Balancing Figure) | 80,000 | Balance c/d | 5,50,000 | ||
6,30,000 | 6,30,000 | ||||
Provision for Tax Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Cash A/c (Balancing Figure) | 18,000 | Balance b/d | 20,000 | ||
Balance c/d | 25,000 | Profit & Loss A/c | 23,000 | ||
43,000 | 43,000 | ||||
Note: Answer for Cash flow from Financing Activities calculated above is different from the answer given in the book.
Answer:
Cash Flow Statement For the Year Ending March 31, 2016 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 13,000 | |
+ Provision for Tax | ||
+ General Reserve | ||
+ Interim Dividend | ||
Add: Non Operating Expenses | – | |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 13,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Debtors | 5,000 | 5,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Creditors | (25,000) | |
Inventories | (10,000) | |
Other Current Investments | (10,000) | (45,000) |
Cash From Operating Activities | (27,000) | |
Less: Tax Paid | – | |
Net Cash Used in Operating Activities (A) | (27,000) | |
Cash From Investing Activities | ||
Nil | ||
Net Cash From Investing Activities (B) | NIL | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 50,000 | 50,000 |
Net Cash From Financing Activities (C) | 50,000 | |
Net Increase in Cash (A + B + C) | 23,000 | |
Add: Opening Cash and Cash Equivalents (30,000 + 10,000) | 40,000 | |
(Cash + Short-term Investments) | ||
Closing Cash and Cash Equivalents (47,000 + 16,000) | 63,000 | |
(Cash + Short-term Investments) | ||
Page No 3.116:
Question 48:
Cash Flow Statement For the Year Ending March 31, 2016 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 13,000 | |
+ Provision for Tax | ||
+ General Reserve | ||
+ Interim Dividend | ||
Add: Non Operating Expenses | – | |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 13,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Debtors | 5,000 | 5,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Creditors | (25,000) | |
Inventories | (10,000) | |
Other Current Investments | (10,000) | (45,000) |
Cash From Operating Activities | (27,000) | |
Less: Tax Paid | – | |
Net Cash Used in Operating Activities (A) | (27,000) | |
Cash From Investing Activities | ||
Nil | ||
Net Cash From Investing Activities (B) | NIL | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 50,000 | 50,000 |
Net Cash From Financing Activities (C) | 50,000 | |
Net Increase in Cash (A + B + C) | 23,000 | |
Add: Opening Cash and Cash Equivalents (30,000 + 10,000) | 40,000 | |
(Cash + Short-term Investments) | ||
Closing Cash and Cash Equivalents (47,000 + 16,000) | 63,000 | |
(Cash + Short-term Investments) | ||
Answer:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 50,000 | |
+ Provision for Tax | 15,000 | |
+ General Reserve | – | |
+ Proposed Dividend | 30,000 | |
Add: Non Operating Expenses | ||
Depreciation on Plant & Machinery | 10,000 | 10,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,05,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 44,000 | |
Bills Receivable | 4,000 | 48,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (36,000) | |
Inventories | (40,000) | (76,000) |
Cash From Operating Activities | 77,000 | |
Less: Tax Paid | (12,000) | |
Net Cash From Operating Activities (A) | 65,000 | |
Cash From Investing Activities | ||
Proceeds from sale of Plant & Machinery | 50,000 | 50,000 |
Net Cash From Investing Activities (B) | 50,000 | |
Cash From Financing Activities | ||
Payment of Land & Building | (75,000) | |
Proposed Dividend | (20,000) | (95,000) |
Net Cash From Financing Activities (C) | (95,000) | |
Net Increase in Cash (A + B + C) | 20,000 | |
Add: Opening Cash and Cash Equivalents | (32,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | (12,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Plant & Machinery Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) | ||
Balance b/d | 1,50,000 | Depreciation | 10,000 | ||
Bank A/c (Balancing Figure) | 50,000 | ||||
Balance c/d | 90,000 | ||||
1,50,000 | 1,50,000 | ||||
Page No 3.117:
Question 49:
Cash Flow Statement For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 50,000 | |
+ Provision for Tax | 15,000 | |
+ General Reserve | – | |
+ Proposed Dividend | 30,000 | |
Add: Non Operating Expenses | ||
Depreciation on Plant & Machinery | 10,000 | 10,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,05,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 44,000 | |
Bills Receivable | 4,000 | 48,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (36,000) | |
Inventories | (40,000) | (76,000) |
Cash From Operating Activities | 77,000 | |
Less: Tax Paid | (12,000) | |
Net Cash From Operating Activities (A) | 65,000 | |
Cash From Investing Activities | ||
Proceeds from sale of Plant & Machinery | 50,000 | 50,000 |
Net Cash From Investing Activities (B) | 50,000 | |
Cash From Financing Activities | ||
Payment of Land & Building | (75,000) | |
Proposed Dividend | (20,000) | (95,000) |
Net Cash From Financing Activities (C) | (95,000) | |
Net Increase in Cash (A + B + C) | 20,000 | |
Add: Opening Cash and Cash Equivalents | (32,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | (12,000) | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Plant & Machinery Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) | ||
Balance b/d | 1,50,000 | Depreciation | 10,000 | ||
Bank A/c (Balancing Figure) | 50,000 | ||||
Balance c/d | 90,000 | ||||
1,50,000 | 1,50,000 | ||||
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
1,00,000 |
|
||
|
Provision for Tax |
1,60,000 |
|
||
|
Profit Before Taxation |
|
2,60,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation |
60,000 |
|
||
|
Goodwill written off |
60,000 |
1,20,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
3,80,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Bills Receivables |
2,00,000 |
|
|
|
|
Inventories |
50,000 |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
40,000 |
(2,10,000) |
||
|
Cash Generated from Operations |
|
1,70,000 |
||
|
Less: Tax Paid |
|
(1,40,000) |
||
|
Net Cash Flows from Operating Activities |
|
30,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Purchase of Machinery |
7,60,000 |
|
|
|
Net Cash Used in Investing Activities |
|
(7,60,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
4,00,000 |
|
||
|
Increase in Long-term Borrowings |
3,60,000 |
|
||
|
Net Cash Flow from Financing Activities |
|
7,60,000 |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
30,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
5,60,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
5,90,000 |
||
|
|
|
|
||
Working Notes:
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
1,40,000 |
Balance b/d |
60,000 |
Balance c/d |
80,000 |
Profit and Loss A/c (Bal. Fig.) |
1,60,000 |
|
2,20,000 |
|
2,20,000 |
|
|
|
|
Page No 3.118:
Question 50:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
1,00,000 |
|
||
|
Provision for Tax |
1,60,000 |
|
||
|
Profit Before Taxation |
|
2,60,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation |
60,000 |
|
||
|
Goodwill written off |
60,000 |
1,20,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
3,80,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Bills Receivables |
2,00,000 |
|
|
|
|
Inventories |
50,000 |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
40,000 |
(2,10,000) |
||
|
Cash Generated from Operations |
|
1,70,000 |
||
|
Less: Tax Paid |
|
(1,40,000) |
||
|
Net Cash Flows from Operating Activities |
|
30,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Purchase of Machinery |
7,60,000 |
|
|
|
Net Cash Used in Investing Activities |
|
(7,60,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
4,00,000 |
|
||
|
Increase in Long-term Borrowings |
3,60,000 |
|
||
|
Net Cash Flow from Financing Activities |
|
7,60,000 |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
30,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
5,60,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
5,90,000 |
||
|
|
|
|
||
Working Notes:
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
1,40,000 |
Balance b/d |
60,000 |
Balance c/d |
80,000 |
Profit and Loss A/c (Bal. Fig.) |
1,60,000 |
|
2,20,000 |
|
2,20,000 |
|
|
|
|
Answer:
Cash Flow Statement For the Year Ending March 31,2016 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | (56,000) | |
+ Provision for Tax | ||
+ General Reserve | ||
+ Proposed Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Plant & Machinery | 10,000 | |
Loss on Sale of Furniture | 2,000 | |
Debenture Interest | 12,000 | 24,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | (32,000) | |
Add: Decrease in Current Assets & Increase in Current Liabilities | – | |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (10,000) | |
Creditors | (25,000) | (35,000) |
Cash From Operating Activities | (67,000) | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | (67,000) | |
Cash From Investing Activities | ||
Proceeds from sale of Fixed Assets | 28,000 | |
Purchase of Fixed Assets | (1,20,000) | (92,000) |
Net Cash From Investing Activities (B) | (92,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 1,00,000 | |
Proceeds from issue of 12% Debentures | 36,000 | |
Debenture Interest Paid | (12,000) | |
Security Premium Reserve | 25,000 | 1,49,000 |
Net Cash From Financing Activities (C) | 1,49,000 | |
Net Increase in Cash (A + B + C) | (10,000) | |
Add: Opening Cash and Cash Equivalents | 40,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 30,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Fixed Assets Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 2,00,000 | Depreciation (Balancing Figure) | 10,000 | ||
Cash A/c | 1,20,000 | Cash A/c | 28,000 | ||
P& L A/c | 2,000 | ||||
3,20,000 | 3,20,000 | ||||
Page No 3.119:
Question 51:
Cash Flow Statement For the Year Ending March 31,2016 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | (56,000) | |
+ Provision for Tax | ||
+ General Reserve | ||
+ Proposed Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Plant & Machinery | 10,000 | |
Loss on Sale of Furniture | 2,000 | |
Debenture Interest | 12,000 | 24,000 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | (32,000) | |
Add: Decrease in Current Assets & Increase in Current Liabilities | – | |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (10,000) | |
Creditors | (25,000) | (35,000) |
Cash From Operating Activities | (67,000) | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | (67,000) | |
Cash From Investing Activities | ||
Proceeds from sale of Fixed Assets | 28,000 | |
Purchase of Fixed Assets | (1,20,000) | (92,000) |
Net Cash From Investing Activities (B) | (92,000) | |
Cash From Financing Activities | ||
Proceeds from Issue of Share Capital | 1,00,000 | |
Proceeds from issue of 12% Debentures | 36,000 | |
Debenture Interest Paid | (12,000) | |
Security Premium Reserve | 25,000 | 1,49,000 |
Net Cash From Financing Activities (C) | 1,49,000 | |
Net Increase in Cash (A + B + C) | (10,000) | |
Add: Opening Cash and Cash Equivalents | 40,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 30,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Fixed Assets Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 2,00,000 | Depreciation (Balancing Figure) | 10,000 | ||
Cash A/c | 1,20,000 | Cash A/c | 28,000 | ||
P& L A/c | 2,000 | ||||
3,20,000 | 3,20,000 | ||||
Answer:
Cash Flow Statement For the Year Ending March 31,2014 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 36,000 | |
+ Provision for Tax | 27,000 | |
+ General Reserve | 30,000 | |
+ Proposed Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 2,10,000 | |
Interim Dividend | 1,20,000 | 3,30,000 |
Less: Non Operating Incomes | ||
Profit on Sale of Investment | (1,500) | |
Profit on Sale of Fixed Assets | (6,000) | (7,500) |
Operating Profit Before Working Capital Changes | 4,15,500 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Inventories | 90,000 | 90,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (7,35,000) | |
Creditors | (1,02,000) | (8,37,000) |
Cash From Operating Activities | 3,31,500 | |
Less: Tax Paid | (2,22,000) | |
Net Cash From Operating Activities (A) | (5,53,500) | |
Cash From Investing Activities | ||
Proceeds from sale of Investment | 25,500 | |
Proceeds from sale of Fixed Assets | 36,000 | |
Purchase of Investment | (54,000) | 7,500 |
Net Cash From Investing Activities (B) | 7,500 | |
Cash From Financing Activities | ||
Interim Dividend | (1,20,000) | |
Proceeds from Land & Buildings | 8,10,000 | 6,90,000 |
Net Cash From Financing Activities (C) | 6,90,000 | |
Net Increase in Cash (A + B + C) | 1,44,000 | |
Add: Opening Cash and Cash Equivalents | 4,47,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 5,91,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Investment Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 1,50,000 | Bank A/c | 25,500 | ||
P & L A/c | 1,500 | Balance c/d | 1,80,000 | ||
Bank A/c (Balancing Figure) | 54,000 | ||||
2,05,500 | 2,05,500 | ||||
Provision for Tax Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Cash A/c | 2,22,000 | Balance b/d | 2,25,000 | ||
Balance c/d | 30,000 | P & L A/c | 27,000 | ||
2,52,000 | 2,52,000 | ||||
Fixed Assets Account
|
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 12,00,000 | Depreciation (Balancing Figure) | 2,10,000 | ||
P & L A/c | 6,000 | Bank A/c | 36,000 | ||
Balance c/d | 9,60,000 | ||||
12,06,000 | 12,06,000 | ||||
Page No 3.120:
Question 52:
Cash Flow Statement For the Year Ending March 31,2014 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 36,000 | |
+ Provision for Tax | 27,000 | |
+ General Reserve | 30,000 | |
+ Proposed Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 2,10,000 | |
Interim Dividend | 1,20,000 | 3,30,000 |
Less: Non Operating Incomes | ||
Profit on Sale of Investment | (1,500) | |
Profit on Sale of Fixed Assets | (6,000) | (7,500) |
Operating Profit Before Working Capital Changes | 4,15,500 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Inventories | 90,000 | 90,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Debtors | (7,35,000) | |
Creditors | (1,02,000) | (8,37,000) |
Cash From Operating Activities | 3,31,500 | |
Less: Tax Paid | (2,22,000) | |
Net Cash From Operating Activities (A) | (5,53,500) | |
Cash From Investing Activities | ||
Proceeds from sale of Investment | 25,500 | |
Proceeds from sale of Fixed Assets | 36,000 | |
Purchase of Investment | (54,000) | 7,500 |
Net Cash From Investing Activities (B) | 7,500 | |
Cash From Financing Activities | ||
Interim Dividend | (1,20,000) | |
Proceeds from Land & Buildings | 8,10,000 | 6,90,000 |
Net Cash From Financing Activities (C) | 6,90,000 | |
Net Increase in Cash (A + B + C) | 1,44,000 | |
Add: Opening Cash and Cash Equivalents | 4,47,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 5,91,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Investment Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 1,50,000 | Bank A/c | 25,500 | ||
P & L A/c | 1,500 | Balance c/d | 1,80,000 | ||
Bank A/c (Balancing Figure) | 54,000 | ||||
2,05,500 | 2,05,500 | ||||
Provision for Tax Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Cash A/c | 2,22,000 | Balance b/d | 2,25,000 | ||
Balance c/d | 30,000 | P & L A/c | 27,000 | ||
2,52,000 | 2,52,000 | ||||
Fixed Assets Account
|
|||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 12,00,000 | Depreciation (Balancing Figure) | 2,10,000 | ||
P & L A/c | 6,000 | Bank A/c | 36,000 | ||
Balance c/d | 9,60,000 | ||||
12,06,000 | 12,06,000 | ||||
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
70,000 |
|
||
|
General Reserve |
30,000 |
|
||
|
Provision for Tax |
40,000 |
|
||
|
Profit Before Taxation |
|
1,40,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on machinery |
80,000 |
|
||
|
Interest on Debentures |
10,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on sale of Machinery |
(10,000) |
|
||
|
Profit on sale of investment |
(8,000) |
(72,000) |
||
|
Operating Profit before Working Capital Adjustments |
|
2,12,000 |
||
|
Add: Decrease in Current Assets |
|
|
||
|
|
Trade Receivables |
1,10,000 |
|
|
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(15,000) |
95,000 |
||
|
Cash Generated from Operations |
|
3,07,000 |
||
|
Less: Tax Paid |
|
(55,000) |
||
|
Net Cash Flows from Operating Activities |
|
2,52,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
25,000 |
|
|
|
|
Purchase of Machinery |
(4,40,000) |
|
|
|
|
Purchase of Investment |
(75,000) |
|
|
|
|
Sale of Investment |
48,000 |
|
|
|
Net Cash Used in Investing Activities |
|
(4,42,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
2,00,000 |
|
||
|
Proceeds from Issue of Debentures |
60,000 |
|
||
|
Interest on Debentures Paid |
(10,000) |
|
||
|
Security Premium Reserve |
10,000 |
|
||
|
Net Cash Flow from Financing Activities |
|
2,60,000 |
||
|
|
|
|
|
|
D |
Net Increase in Cash and Cash Equivalents |
|
70,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period (1,70,000+40,000) |
|
2,10,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
2,80,000 |
||
|
|
|
|
||
Working Notes:
Investments Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
1,00,000 |
Bank A/c (Sale) |
48,000 |
Profit and Loss A/c (Profit on Sale) |
8,000 |
Balance c/d |
1,35,000 |
Bank A/c (Purchase- Bal. Fig.) |
75,000 |
|
|
|
1,83,000 |
|
1,83,000 |
|
|
|
|
Machinery Account |
||||
Dr. |
Cr. |
|
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
|
Balance b/d |
7,00,000 |
Bank A/c (Sale) |
25,000 |
|
Profit and Loss A/c |
10,000 |
Accumulated Depreciation |
55,000 |
|
(Profit on Sale) |
|
Balance c/d |
10,70,000 |
|
Bank A/c (Purchase- Bal. Fig.) |
4,40,000 |
|
|
|
|
11,50,000 |
|
11,50,000 |
|
|
|
|
|
|
Accumulated Depreciation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Fixed Assets A/c |
55,000 |
Balance b/d |
95,000 |
Balance c/d |
1,20,000 |
Profit and Loss A/c (Dep. charged during the year- Bal. Fig.) |
80,000 |
|
1,75,000 |
|
1,75,000 |
|
|
|
|
Page No 3.121:
Question 53:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
70,000 |
|
||
|
General Reserve |
30,000 |
|
||
|
Provision for Tax |
40,000 |
|
||
|
Profit Before Taxation |
|
1,40,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on machinery |
80,000 |
|
||
|
Interest on Debentures |
10,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on sale of Machinery |
(10,000) |
|
||
|
Profit on sale of investment |
(8,000) |
(72,000) |
||
|
Operating Profit before Working Capital Adjustments |
|
2,12,000 |
||
|
Add: Decrease in Current Assets |
|
|
||
|
|
Trade Receivables |
1,10,000 |
|
|
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(15,000) |
95,000 |
||
|
Cash Generated from Operations |
|
3,07,000 |
||
|
Less: Tax Paid |
|
(55,000) |
||
|
Net Cash Flows from Operating Activities |
|
2,52,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
25,000 |
|
|
|
|
Purchase of Machinery |
(4,40,000) |
|
|
|
|
Purchase of Investment |
(75,000) |
|
|
|
|
Sale of Investment |
48,000 |
|
|
|
Net Cash Used in Investing Activities |
|
(4,42,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
2,00,000 |
|
||
|
Proceeds from Issue of Debentures |
60,000 |
|
||
|
Interest on Debentures Paid |
(10,000) |
|
||
|
Security Premium Reserve |
10,000 |
|
||
|
Net Cash Flow from Financing Activities |
|
2,60,000 |
||
|
|
|
|
|
|
D |
Net Increase in Cash and Cash Equivalents |
|
70,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period (1,70,000+40,000) |
|
2,10,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
2,80,000 |
||
|
|
|
|
||
Working Notes:
Investments Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
1,00,000 |
Bank A/c (Sale) |
48,000 |
Profit and Loss A/c (Profit on Sale) |
8,000 |
Balance c/d |
1,35,000 |
Bank A/c (Purchase- Bal. Fig.) |
75,000 |
|
|
|
1,83,000 |
|
1,83,000 |
|
|
|
|
Machinery Account |
||||
Dr. |
Cr. |
|
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
|
Balance b/d |
7,00,000 |
Bank A/c (Sale) |
25,000 |
|
Profit and Loss A/c |
10,000 |
Accumulated Depreciation |
55,000 |
|
(Profit on Sale) |
|
Balance c/d |
10,70,000 |
|
Bank A/c (Purchase- Bal. Fig.) |
4,40,000 |
|
|
|
|
11,50,000 |
|
11,50,000 |
|
|
|
|
|
|
Accumulated Depreciation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Fixed Assets A/c |
55,000 |
Balance b/d |
95,000 |
Balance c/d |
1,20,000 |
Profit and Loss A/c (Dep. charged during the year- Bal. Fig.) |
80,000 |
|
1,75,000 |
|
1,75,000 |
|
|
|
|
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
75,000 |
|
||
|
Interim Dividend |
20,000 |
|
||
|
Provision for Tax |
25,000 |
|
||
|
Proposed Dividend |
35,000 |
|
||
|
Profit Before Taxation |
|
1,55,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Equipment |
9,000 |
|
||
|
Patents Written Off |
2,500 |
|
||
|
Loss on Sale of Equipment |
6,000 |
17,500 |
||
|
Operating Profit before Working Capital Adjustments |
|
1,72,500 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(20,000) |
|
|
|
|
Inventories |
(40,000) |
|
|
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(1,500) |
(61,500) |
||
|
Cash Generated from Operations |
|
1,11,000 |
||
|
Less: Tax Paid |
|
(15,000) |
||
|
Net Cash Flows from Operating Activities |
|
96,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Equipment |
35,000 |
|
|
|
|
Purchase of Investment |
(47,500) |
|
|
|
|
Purchase of Equipment |
(50,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(62,500) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
1,00,000 |
|
||
|
Repayment of Bank Loan |
(25,000) |
|
||
|
Proposed Dividend |
(25,000) |
|
||
|
Interim Dividend Paid |
(20,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
30,000 |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
63,500 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
1,00,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
1,63,500 |
||
|
|
|
|
||
Working Notes:
Equipment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
2,50,000 |
Bank A/c (Sale) (Bal. Fig.) |
35,000 |
Bank A/c (Purchase- Bal. Fig.) |
50,000 |
Depreciation |
9,000 |
|
|
Profit and Loss A/c (Loss on Sale) |
6,000 |
|
|
Balance c/d |
2,50,000 |
|
3,00,000 |
|
3,00,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
15,000 |
Balance b/d |
15,000 |
Balance c/d |
25,000 |
Profit and Loss A/c (Bal. Fig.) |
25,000 |
|
40,000 |
|
40,000 |
|
|
|
|
Page No 3.122:
Question 54:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
75,000 |
|
||
|
Interim Dividend |
20,000 |
|
||
|
Provision for Tax |
25,000 |
|
||
|
Proposed Dividend |
35,000 |
|
||
|
Profit Before Taxation |
|
1,55,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Equipment |
9,000 |
|
||
|
Patents Written Off |
2,500 |
|
||
|
Loss on Sale of Equipment |
6,000 |
17,500 |
||
|
Operating Profit before Working Capital Adjustments |
|
1,72,500 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(20,000) |
|
|
|
|
Inventories |
(40,000) |
|
|
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(1,500) |
(61,500) |
||
|
Cash Generated from Operations |
|
1,11,000 |
||
|
Less: Tax Paid |
|
(15,000) |
||
|
Net Cash Flows from Operating Activities |
|
96,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Equipment |
35,000 |
|
|
|
|
Purchase of Investment |
(47,500) |
|
|
|
|
Purchase of Equipment |
(50,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(62,500) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
1,00,000 |
|
||
|
Repayment of Bank Loan |
(25,000) |
|
||
|
Proposed Dividend |
(25,000) |
|
||
|
Interim Dividend Paid |
(20,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
30,000 |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
63,500 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
1,00,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
1,63,500 |
||
|
|
|
|
||
Working Notes:
Equipment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
2,50,000 |
Bank A/c (Sale) (Bal. Fig.) |
35,000 |
Bank A/c (Purchase- Bal. Fig.) |
50,000 |
Depreciation |
9,000 |
|
|
Profit and Loss A/c (Loss on Sale) |
6,000 |
|
|
Balance c/d |
2,50,000 |
|
3,00,000 |
|
3,00,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
15,000 |
Balance b/d |
15,000 |
Balance c/d |
25,000 |
Profit and Loss A/c (Bal. Fig.) |
25,000 |
|
40,000 |
|
40,000 |
|
|
|
|
Answer:
Cash Flow Statement For the Year Ending March 31,2015 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 40,000 | |
+ Provision for Tax | 80,000 | |
+ General Reserve | 40,000 | |
+ Proposed Dividend | 22,500 | |
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 10,000 | |
Interest Paid on Loan | 5,000 | |
Interest Paid on Debentures | 9,000 | 24,000 |
Less: Non Operating Incomes |
–
|
|
Operating Profit Before Working Capital Changes | 2,06,500 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 10,000 | 10,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Inventories | (25,000) | |
Debtors | (50,000) | |
Current Investments | (1,500) | (76,500) |
Cash From Operating Activities | 1,40,000 | |
Less: Tax Paid | (60,000) | |
Net Cash From Operating Activities (A) | 80,000 | |
Cash From Investing Activities |
–
|
|
Net Cash From Investing Activities (B) |
–
|
|
Cash From Financing Activities | ||
Interest Paid on Loan from Bank | (5,000) | |
Interest Paid on Debentures | (9,000) | |
Proposed Dividend | (10,000) | |
Repayment of Debentures | (80,000) | |
Repayment of Bank Loan | (50,000) | |
Proceeds from Equity Share Capital | 50,000 | |
Proceeds from Preference Share Capital | 50,000 | |
Bank Overdraft | (15,000) | (69,000) |
Net Cash From Financing Activities (C) | (69,000) | |
Net Increase in Cash (A + B + C) | 11,000 | |
Add: Opening Cash and Cash Equivalents | 20,000 | |
Closing Cash and Cash Equivalents | 31,000 | |
Working Note:-
Fixed Assets Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 4,10,000 | Depreciation A/c | 10,000 | ||
Balance c/d | 4,00,000 | ||||
4,10,000 | 4,10,000 | ||||
Page No 3.123:
Question 55:
Cash Flow Statement For the Year Ending March 31,2015 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 40,000 | |
+ Provision for Tax | 80,000 | |
+ General Reserve | 40,000 | |
+ Proposed Dividend | 22,500 | |
Add: Non Operating Expenses | ||
Depreciation on Fixed Assets | 10,000 | |
Interest Paid on Loan | 5,000 | |
Interest Paid on Debentures | 9,000 | 24,000 |
Less: Non Operating Incomes |
–
|
|
Operating Profit Before Working Capital Changes | 2,06,500 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 10,000 | 10,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Inventories | (25,000) | |
Debtors | (50,000) | |
Current Investments | (1,500) | (76,500) |
Cash From Operating Activities | 1,40,000 | |
Less: Tax Paid | (60,000) | |
Net Cash From Operating Activities (A) | 80,000 | |
Cash From Investing Activities |
–
|
|
Net Cash From Investing Activities (B) |
–
|
|
Cash From Financing Activities | ||
Interest Paid on Loan from Bank | (5,000) | |
Interest Paid on Debentures | (9,000) | |
Proposed Dividend | (10,000) | |
Repayment of Debentures | (80,000) | |
Repayment of Bank Loan | (50,000) | |
Proceeds from Equity Share Capital | 50,000 | |
Proceeds from Preference Share Capital | 50,000 | |
Bank Overdraft | (15,000) | (69,000) |
Net Cash From Financing Activities (C) | (69,000) | |
Net Increase in Cash (A + B + C) | 11,000 | |
Add: Opening Cash and Cash Equivalents | 20,000 | |
Closing Cash and Cash Equivalents | 31,000 | |
Working Note:-
Fixed Assets Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 4,10,000 | Depreciation A/c | 10,000 | ||
Balance c/d | 4,00,000 | ||||
4,10,000 | 4,10,000 | ||||
Answer:
Cash Flow Statement For the Year Ending March 31,2015 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 40,000 | |
+ Provision for Tax | ||
+ General Reserve | ||
+ Proposed Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Building | 20,000 | |
Depreciation on Plant | 10,000 | |
Interest Paid on Deposits | 19,200 | |
Interest Paid on Debentures | 14,400 | 63,600 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,03,600 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 4,000 | |
Accrued Income | 8,000 | |
Inventories | 6,000 | 18,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Prepaid Expenses | (4,000) | |
Bills Payable | (4,000) | |
O/standing Expenses | (4,000) | |
Debtors | (30,000) | |
Bills Receivables | (2,000) | (44,000) |
Cash From Operating Activities | 77,600 | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | 77,600 | |
Cash From Investing Activities | ||
Purchase of Building | (1,60,000) | |
Purchase of Plant | (50,000) | (2,10,000) |
Net Cash From Investing Activities (B) | (2,10,000) | |
Cash From Financing Activities | ||
Interest Paid on Deposit | (19,200) | |
Interest Paid on Debentures | (14,400) | |
Proceeds from Public Deposit | 80,000 | |
Proceeds from Issue of Share Capital | 60,000 | |
Proceeds from Issue of Debentures | 36,000 | 1,42,400 |
Net Cash From Financing Activities (C) | 1,42,400 | |
Net Increase in Cash (A + B + C) | 10,000 | |
Add: Opening Cash and Cash Equivalents | 1,00,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 1,10,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Building Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 3,00,000 | Depreciation A/c | 20,000 | ||
Cash A/c (Balancing Figure) | 1,60,000 | Balance c/d | 4,40,000 | ||
4,60,000 | 4,60,000 | ||||
Plant Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) | ||
Balance b/d | 1,60,000 | Depreciation A/c | 10,000 | ||
Cash A/c (Balancing Figure) | 50,000 | Balance c/d | 2,00,000 | ||
2,10,000 | 2,10,000 | ||||
Page No 3.124:
Question 56:
Cash Flow Statement For the Year Ending March 31,2015 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 40,000 | |
+ Provision for Tax | ||
+ General Reserve | ||
+ Proposed Dividend | ||
Add: Non Operating Expenses | ||
Depreciation on Building | 20,000 | |
Depreciation on Plant | 10,000 | |
Interest Paid on Deposits | 19,200 | |
Interest Paid on Debentures | 14,400 | 63,600 |
Less: Non Operating Incomes | – | |
Operating Profit Before Working Capital Changes | 1,03,600 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Creditors | 4,000 | |
Accrued Income | 8,000 | |
Inventories | 6,000 | 18,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Prepaid Expenses | (4,000) | |
Bills Payable | (4,000) | |
O/standing Expenses | (4,000) | |
Debtors | (30,000) | |
Bills Receivables | (2,000) | (44,000) |
Cash From Operating Activities | 77,600 | |
Less: Tax Paid | – | |
Net Cash From Operating Activities (A) | 77,600 | |
Cash From Investing Activities | ||
Purchase of Building | (1,60,000) | |
Purchase of Plant | (50,000) | (2,10,000) |
Net Cash From Investing Activities (B) | (2,10,000) | |
Cash From Financing Activities | ||
Interest Paid on Deposit | (19,200) | |
Interest Paid on Debentures | (14,400) | |
Proceeds from Public Deposit | 80,000 | |
Proceeds from Issue of Share Capital | 60,000 | |
Proceeds from Issue of Debentures | 36,000 | 1,42,400 |
Net Cash From Financing Activities (C) | 1,42,400 | |
Net Increase in Cash (A + B + C) | 10,000 | |
Add: Opening Cash and Cash Equivalents | 1,00,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Closing Cash and Cash Equivalents | 1,10,000 | |
(Cash + Marketable Investments- Bank Overdraft) | ||
Working Note:-
Building Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Balance b/d | 3,00,000 | Depreciation A/c | 20,000 | ||
Cash A/c (Balancing Figure) | 1,60,000 | Balance c/d | 4,40,000 | ||
4,60,000 | 4,60,000 | ||||
Plant Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) | ||
Balance b/d | 1,60,000 | Depreciation A/c | 10,000 | ||
Cash A/c (Balancing Figure) | 50,000 | Balance c/d | 2,00,000 | ||
2,10,000 | 2,10,000 | ||||
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
10,000 |
|
||
|
General Reserve |
13,000 |
|
||
|
Provision for Tax |
25,000 |
|
||
|
Profit Before Taxation |
|
48,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Plant & Machinery |
50,000 |
|
||
|
Interest on Debentures |
7,500 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on Sale of Plant & Machinery |
(13,000) |
44,500 |
||
|
Operating Profit before Working Capital Adjustments |
|
92,500 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(60,000) |
|
|
|
|
Inventories |
(20,000) |
|
|
|
Add:Increase in Current Liabilities |
|
|
||
|
Trade Payables |
60,000 |
(20,000) |
||
|
Cash Generated from Operations |
|
72,500 |
||
|
Less: Tax Paid |
|
25,000 |
||
|
Net Cash Flows from Operating Activities |
|
47,500 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Plant & Machinery |
28,000 |
|
|
|
|
Sale of Non-Current Investment |
25,000 |
|
|
|
|
Purchase of Plant & Machinery |
(3,15,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(2,62,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
3,25,000 |
|
||
|
Redemption of Debentures |
(25,000) |
|
||
|
Interest on Debentures |
(7,500) |
|
||
|
Bank Overdraft Discharged |
(8,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
2,84,500 |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
70,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
20,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
90,000 |
||
|
|
|
|
||
Working Notes:
Plant & Machinery Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
4,10,000 |
Bank A/c (Sale) |
28,000 |
Profit and Loss A/c (Profit on Sale) |
13,000 |
Accumulated Depreciation |
20,000 |
Bank A/c (Purchase-Bal. Fig.) |
3,15,000 |
Balance c/d |
6,90,000 |
|
7,38,000 |
|
7,38,000 |
|
|
|
|
Accumulated Depreciation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Fixed Assets A/c |
20,000 |
Balance b/d |
60,000 |
Balance c/d |
90,000 |
Profit and Loss A/c (Dep. charged during the year- Bal. Fig.) |
50,000 |
|
1,10,000 |
|
1,10,000 |
|
|
|
|
Non-Current Investment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
70,000 |
Bank A/c |
25,000* |
Capital Reserve (Profit on Sale) |
5,000 |
Balance c/d |
50,000 |
|
|
|
|
|
75,000 |
|
75,000 |
|
|
|
|
Page No 3.125:
Question 57:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
10,000 |
|
||
|
General Reserve |
13,000 |
|
||
|
Provision for Tax |
25,000 |
|
||
|
Profit Before Taxation |
|
48,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Plant & Machinery |
50,000 |
|
||
|
Interest on Debentures |
7,500 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on Sale of Plant & Machinery |
(13,000) |
44,500 |
||
|
Operating Profit before Working Capital Adjustments |
|
92,500 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(60,000) |
|
|
|
|
Inventories |
(20,000) |
|
|
|
Add:Increase in Current Liabilities |
|
|
||
|
Trade Payables |
60,000 |
(20,000) |
||
|
Cash Generated from Operations |
|
72,500 |
||
|
Less: Tax Paid |
|
25,000 |
||
|
Net Cash Flows from Operating Activities |
|
47,500 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Plant & Machinery |
28,000 |
|
|
|
|
Sale of Non-Current Investment |
25,000 |
|
|
|
|
Purchase of Plant & Machinery |
(3,15,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(2,62,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
3,25,000 |
|
||
|
Redemption of Debentures |
(25,000) |
|
||
|
Interest on Debentures |
(7,500) |
|
||
|
Bank Overdraft Discharged |
(8,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
2,84,500 |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
70,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
20,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
90,000 |
||
|
|
|
|
||
Working Notes:
Plant & Machinery Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
4,10,000 |
Bank A/c (Sale) |
28,000 |
Profit and Loss A/c (Profit on Sale) |
13,000 |
Accumulated Depreciation |
20,000 |
Bank A/c (Purchase-Bal. Fig.) |
3,15,000 |
Balance c/d |
6,90,000 |
|
7,38,000 |
|
7,38,000 |
|
|
|
|
Accumulated Depreciation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Fixed Assets A/c |
20,000 |
Balance b/d |
60,000 |
Balance c/d |
90,000 |
Profit and Loss A/c (Dep. charged during the year- Bal. Fig.) |
50,000 |
|
1,10,000 |
|
1,10,000 |
|
|
|
|
Non-Current Investment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
70,000 |
Bank A/c |
25,000* |
Capital Reserve (Profit on Sale) |
5,000 |
Balance c/d |
50,000 |
|
|
|
|
|
75,000 |
|
75,000 |
|
|
|
|
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
1,50,000 |
|
||
|
General Reserve |
(2,25,000) |
|
||
|
Equity Dividend |
48,000 |
|
||
|
Preference Dividend |
24,000 |
|
||
|
Provision for Tax |
1,80,000 |
|
||
|
Profit Before Taxation |
|
1,77,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
70,000 |
|
||
|
Interest on Loan |
60,000 |
|
||
|
Interest on Debentures |
21,375 |
|
||
|
Goodwill Written Off |
50,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on sale of Machinery |
(6,000) |
|
||
|
Profit on sale of Non-Current Investment |
(12,000) |
(1,83,375) |
||
|
Operating Profit before Working Capital Adjustments |
|
3,60,375 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(30,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
1,10,000 |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
50,000 |
1,30,000 |
||
|
Cash Generated from Operations |
|
4,90,375 |
||
|
Less: Tax Paid |
|
1,40,000 |
||
|
Net Cash Flows from Operating Activities |
|
3,50,375 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
36,000 |
|
|
|
|
Purchase of Machinery |
(3,00,000) |
|
|
|
|
Sale of Non-Current investment |
72,000 |
|
|
|
|
Purchase of Non-Current investment |
(1,20,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(3,12,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
3,00,000 |
|
||
|
Repayment of Bank Loan |
(1,00,000) |
|
||
|
Interest on Debentures |
(21,375) |
|
||
|
Repayment of Debentures |
(50,000) |
|
||
|
Interest on Bank Loan |
(60,000) |
|
||
|
Repayment of Preference Capital |
(1,00,000) |
|
||
|
Preference Dividend |
(24,000) |
|
||
|
Equity Dividend Paid |
(48,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
(1,03,375) |
||
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
(65,000) |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
2,85,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
2,20,000 |
||
|
|
|
|
||
Working Notes:
Machinery Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
9,00,000 |
Bank A/c (Sale) |
36,000 |
Profit and Loss A/c (Profit on Sale) |
6,000 |
Depreciation |
70,000 |
Bank A/c (Purchase- Bal. Fig.) |
3,00,000 |
Balance c/d |
11,00,000 |
|
12,06,000 |
|
12,06,000 |
|
|
|
|
Non-Current Investment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
1,40,000 |
Bank A/c (Sale) |
72,000 |
Profit and Loss A/c (Profit on Sale) |
12,000 |
Balance c/d |
2,00,000 |
Bank A/c (Purchase- Bal. Fig.) |
1,20,000 |
|
|
|
2,72,000 |
|
2,72,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
1,40,000 |
Balance b/d |
1,50,000 |
Balance c/d |
1,90,000 |
Profit and Loss A/c (Bal. Fig.) |
1,80,000 |
|
3,30,000 |
|
3,30,000 |
|
|
|
|
Note: Answers calculated for Operating and Investing Activities is different from the answers given in the book.
Page No 3.126:
Question 58:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
1,50,000 |
|
||
|
General Reserve |
(2,25,000) |
|
||
|
Equity Dividend |
48,000 |
|
||
|
Preference Dividend |
24,000 |
|
||
|
Provision for Tax |
1,80,000 |
|
||
|
Profit Before Taxation |
|
1,77,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
70,000 |
|
||
|
Interest on Loan |
60,000 |
|
||
|
Interest on Debentures |
21,375 |
|
||
|
Goodwill Written Off |
50,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on sale of Machinery |
(6,000) |
|
||
|
Profit on sale of Non-Current Investment |
(12,000) |
(1,83,375) |
||
|
Operating Profit before Working Capital Adjustments |
|
3,60,375 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(30,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
1,10,000 |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
50,000 |
1,30,000 |
||
|
Cash Generated from Operations |
|
4,90,375 |
||
|
Less: Tax Paid |
|
1,40,000 |
||
|
Net Cash Flows from Operating Activities |
|
3,50,375 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
36,000 |
|
|
|
|
Purchase of Machinery |
(3,00,000) |
|
|
|
|
Sale of Non-Current investment |
72,000 |
|
|
|
|
Purchase of Non-Current investment |
(1,20,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(3,12,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
3,00,000 |
|
||
|
Repayment of Bank Loan |
(1,00,000) |
|
||
|
Interest on Debentures |
(21,375) |
|
||
|
Repayment of Debentures |
(50,000) |
|
||
|
Interest on Bank Loan |
(60,000) |
|
||
|
Repayment of Preference Capital |
(1,00,000) |
|
||
|
Preference Dividend |
(24,000) |
|
||
|
Equity Dividend Paid |
(48,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
(1,03,375) |
||
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
(65,000) |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
2,85,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
2,20,000 |
||
|
|
|
|
||
Working Notes:
Machinery Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
9,00,000 |
Bank A/c (Sale) |
36,000 |
Profit and Loss A/c (Profit on Sale) |
6,000 |
Depreciation |
70,000 |
Bank A/c (Purchase- Bal. Fig.) |
3,00,000 |
Balance c/d |
11,00,000 |
|
12,06,000 |
|
12,06,000 |
|
|
|
|
Non-Current Investment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
1,40,000 |
Bank A/c (Sale) |
72,000 |
Profit and Loss A/c (Profit on Sale) |
12,000 |
Balance c/d |
2,00,000 |
Bank A/c (Purchase- Bal. Fig.) |
1,20,000 |
|
|
|
2,72,000 |
|
2,72,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
1,40,000 |
Balance b/d |
1,50,000 |
Balance c/d |
1,90,000 |
Profit and Loss A/c (Bal. Fig.) |
1,80,000 |
|
3,30,000 |
|
3,30,000 |
|
|
|
|
Note: Answers calculated for Operating and Investing Activities is different from the answers given in the book.
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
1,90,000 |
|
||
|
Interim Dividend |
50,000 |
|
||
|
Proposed Dividend |
1,15,000 |
|
||
|
Provision for Tax |
75,000 |
|
||
|
Profit Before Taxation |
|
4,30,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
30,000 |
|
||
|
Interest on Loan |
5,000 |
|
||
|
Interest on Debentures |
40,000 |
|
||
|
Intangible Assets Written Off |
50,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Interest on Investment |
(6,000) |
1,19,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
5,49,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(40,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Creditors |
5,000 |
|
||
|
Less: Decrease in Current Liabilities |
|
|
||
|
Bills Payables |
(30,000) |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
10,000 |
(55,000) |
||
|
Cash Generated from Operations |
|
4,94,000 |
||
|
Less: Tax Paid |
|
60,000 |
||
|
Net Cash Flows from Operating Activities |
|
4,34,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of building |
1,50,000 |
|
|
|
|
Interest on Investment |
6,000 |
|
|
|
|
Sale of Non-Current investment |
55,000 |
|
|
|
|
Purchase of Non-Current investment |
(1,60,000) |
|
|
|
Net Cash Used in Investing Activities |
|
51,000 |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
3,00,000 |
|
||
|
Proceeds from Issue of Bank Loan |
50,000 |
|
||
|
Interest on Bank Loan |
(5,000) |
|
||
|
Repayment of Debentures |
(1,00,000) |
|
||
|
Interest on Debentures (40,00010,000) |
(30,000) |
|
||
|
Proposed Dividend (1,00,000-20,000) |
(80,000) |
|
||
|
Interim Dividend |
(50,000) |
|
||
|
Security premium Reserve |
(40,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
45,000 |
||
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
5,30,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
4,95,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
10,25,000 |
||
|
|
|
|
||
Working Notes:
Non-Current Investment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
60,000 |
Bank A/c (Sale) |
30,000 |
Capital Reserve A/c (Profit on Sale) |
5,000 |
Capital Reserve A/c (Loss on Sale) |
10,000 |
Bank A/c (Purchase- Bal. Fig.) |
1,60,000 |
Bank A/c (Sale) |
25,000 |
|
|
Balance c/d |
1,60,000 |
|
2,25,000 |
|
2,25,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
60,000 |
Balance b/d |
50,000 |
Balance c/d |
65,000 |
Profit and Loss A/c (Bal. Fig.) |
75,000 |
|
1,25,000 |
|
1,25,000 |
|
|
|
|
Page No 3.127:
Question 59:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
1,90,000 |
|
||
|
Interim Dividend |
50,000 |
|
||
|
Proposed Dividend |
1,15,000 |
|
||
|
Provision for Tax |
75,000 |
|
||
|
Profit Before Taxation |
|
4,30,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
30,000 |
|
||
|
Interest on Loan |
5,000 |
|
||
|
Interest on Debentures |
40,000 |
|
||
|
Intangible Assets Written Off |
50,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Interest on Investment |
(6,000) |
1,19,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
5,49,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(40,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Creditors |
5,000 |
|
||
|
Less: Decrease in Current Liabilities |
|
|
||
|
Bills Payables |
(30,000) |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
10,000 |
(55,000) |
||
|
Cash Generated from Operations |
|
4,94,000 |
||
|
Less: Tax Paid |
|
60,000 |
||
|
Net Cash Flows from Operating Activities |
|
4,34,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of building |
1,50,000 |
|
|
|
|
Interest on Investment |
6,000 |
|
|
|
|
Sale of Non-Current investment |
55,000 |
|
|
|
|
Purchase of Non-Current investment |
(1,60,000) |
|
|
|
Net Cash Used in Investing Activities |
|
51,000 |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
3,00,000 |
|
||
|
Proceeds from Issue of Bank Loan |
50,000 |
|
||
|
Interest on Bank Loan |
(5,000) |
|
||
|
Repayment of Debentures |
(1,00,000) |
|
||
|
Interest on Debentures (40,00010,000) |
(30,000) |
|
||
|
Proposed Dividend (1,00,000-20,000) |
(80,000) |
|
||
|
Interim Dividend |
(50,000) |
|
||
|
Security premium Reserve |
(40,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
45,000 |
||
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
5,30,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
4,95,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
10,25,000 |
||
|
|
|
|
||
Working Notes:
Non-Current Investment Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
60,000 |
Bank A/c (Sale) |
30,000 |
Capital Reserve A/c (Profit on Sale) |
5,000 |
Capital Reserve A/c (Loss on Sale) |
10,000 |
Bank A/c (Purchase- Bal. Fig.) |
1,60,000 |
Bank A/c (Sale) |
25,000 |
|
|
Balance c/d |
1,60,000 |
|
2,25,000 |
|
2,25,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
60,000 |
Balance b/d |
50,000 |
Balance c/d |
65,000 |
Profit and Loss A/c (Bal. Fig.) |
75,000 |
|
1,25,000 |
|
1,25,000 |
|
|
|
|
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
40,000 |
|
||
|
General reserve |
50,000 |
|
||
|
Proposed Dividend |
2,00,000 |
|
||
|
Provision for Tax |
80,000 |
|
||
|
Profit Before Taxation |
|
3,70,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
1,25,000 |
|
||
|
Interest on Debentures |
10,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on sale of Machinery |
(15,000) |
1,20,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
4,90,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Inventory |
(2,00,000) |
|
|
|
|
|
|
|
|
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(1,20,000) |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Trade Receivables |
2,00,000 |
1,20,000 |
||
|
Cash Generated from Operations |
|
3,70,000 |
||
|
Less: Tax Paid |
|
50,000 |
||
|
Net Cash Flows from Operating Activities |
|
3,20,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
35,000 |
|
|
|
|
Purchase of Machinery |
(3,45,000) |
|
|
|
|
Purchase of Building |
(2,00,000) |
|
|
|
|
Purchase of Non-Current investment |
(1,00,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(6,10,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
2,00,000 |
|
||
|
Interest on Debentures |
(10,000) |
|
||
|
Proceeds from Issue of Debentures |
2,00,000 |
|
||
|
Proposed Dividend |
(1,00,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
2,90,000 |
||
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
- |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
2,00,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
2,00,000 |
||
|
|
|
|
||
Working Notes:
Machinery Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
5,00,000 |
Bank A/c (Sale) |
35,000 |
Profit and Loss A/c (Profit on Sale) |
15,000 |
Depreciation |
1,25,000 |
Bank A/c (Purchase- Bal. Fig.) |
3,45,000 |
Balance c/d |
7,00,000 |
|
8,60,000 |
|
8,60,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
50,000 |
Balance b/d |
70,000 |
Balance c/d |
1,00,000 |
Profit and Loss A/c (Bal. Fig.) |
80,000 |
|
1,50,000 |
|
1,50,000 |
|
|
|
|
Page No 3.128:
Question 60:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
40,000 |
|
||
|
General reserve |
50,000 |
|
||
|
Proposed Dividend |
2,00,000 |
|
||
|
Provision for Tax |
80,000 |
|
||
|
Profit Before Taxation |
|
3,70,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
1,25,000 |
|
||
|
Interest on Debentures |
10,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Profit on sale of Machinery |
(15,000) |
1,20,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
4,90,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Inventory |
(2,00,000) |
|
|
|
|
|
|
|
|
|
Less: Decrease in Current Liabilities |
|
|
||
|
Trade Payables |
(1,20,000) |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Trade Receivables |
2,00,000 |
1,20,000 |
||
|
Cash Generated from Operations |
|
3,70,000 |
||
|
Less: Tax Paid |
|
50,000 |
||
|
Net Cash Flows from Operating Activities |
|
3,20,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
35,000 |
|
|
|
|
Purchase of Machinery |
(3,45,000) |
|
|
|
|
Purchase of Building |
(2,00,000) |
|
|
|
|
Purchase of Non-Current investment |
(1,00,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(6,10,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
2,00,000 |
|
||
|
Interest on Debentures |
(10,000) |
|
||
|
Proceeds from Issue of Debentures |
2,00,000 |
|
||
|
Proposed Dividend |
(1,00,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
2,90,000 |
||
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
- |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
2,00,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
2,00,000 |
||
|
|
|
|
||
Working Notes:
Machinery Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
5,00,000 |
Bank A/c (Sale) |
35,000 |
Profit and Loss A/c (Profit on Sale) |
15,000 |
Depreciation |
1,25,000 |
Bank A/c (Purchase- Bal. Fig.) |
3,45,000 |
Balance c/d |
7,00,000 |
|
8,60,000 |
|
8,60,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
50,000 |
Balance b/d |
70,000 |
Balance c/d |
1,00,000 |
Profit and Loss A/c (Bal. Fig.) |
80,000 |
|
1,50,000 |
|
1,50,000 |
|
|
|
|
Answer:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
45,000 |
|
||
|
General Reserve |
20,000 |
|
||
|
Interim Dividend |
25,000 |
|
||
|
Proposed Dividend |
1,50,000 |
|
||
|
Provision for Tax |
70,000 |
|
||
|
Profit Before Taxation |
|
3,10,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
75,000 |
|
||
|
Interest on Loan |
12,000 |
|
||
|
Interest on Debentures |
15,000 |
|
||
|
Loss on sale of Machinery |
3,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Interest on Investment |
(7,000) |
98,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
4,08,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(50,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
60,000 |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
30,000 |
40,000 |
||
|
Cash Generated from Operations |
|
4,48,000 |
||
|
Less: Tax Paid |
|
50,000 |
||
|
Net Cash Flows from Operating Activities |
|
3,98,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
12,000 |
|
|
|
|
Purchase of Machinery |
(2,90,000) |
|
|
|
|
Interest on Non-Current investment |
7,000 |
|
|
|
|
Purchase of Non-Current investment |
(20,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(2,91,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
1,00,000 |
|
||
|
Repayment of Bank Loan |
(1,00,000) |
|
||
|
Interest on Debentures |
(15,000) |
|
||
|
Proceeds from Issue of Debentures |
1,00,000 |
|
||
|
Interest on Bank Loan |
(12,000) |
|
||
|
Security Premium Reserve |
5,000 |
|
||
|
Interim Dividend |
(25,000) |
|
||
|
Proposed Dividend |
(1,20,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
(67,000) |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
40,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
4,70,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
5,10,000 |
||
|
|
|
|
||
Working Notes:
(i)
(ii) Discount on issue of debentures has been adjusted from Securities Premium Reserve as per Section 52(2) of the Companies Act,2013. The balance of Rs 5,000 in Securities Premium Reserve is after writing off discount of Rs 10,000. As such discount has not been written off through Statement of Profit and loss, it is not considered while calculating Operating profit.
Fixed Assets Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
6,10,000 |
Bank A/c (Sale) |
12,000 |
Bank A/c (Purchase- Bal. Fig.) |
2,90,000 |
Accumulated Depreciation |
35,000 |
|
|
Profit and Loss A/c (Loss on Sale) |
3,000 |
|
|
Balance c/d |
8,50,000 |
|
9,00,000 |
|
9,00,000 |
|
|
|
|
Accumulated Depreciation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Fixed Assets A/c |
35,000 |
Balance b/d |
1,10,000 |
Balance c/d |
1,50,000 |
Profit and Loss A/c (Dep. charged during the year- Bal. Fig.) |
75,000 |
|
1,85,000 |
|
1,85,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
50,000 |
Balance b/d |
20,000 |
Balance c/d |
40,000 |
Profit and Loss A/c (Bal. Fig.) |
70,000 |
|
90,000 |
|
90,000 |
|
|
|
|
Page No 3.94:
Question 1:
|
Cash Flow Statement for the year ended March 31, 2017 |
||||
|
Particulars |
Amount (Rs) |
Amount (Rs) |
||
A |
Cash Flow from Operating Activities |
|
|
||
|
Profit as per Statement of Profit and Loss |
45,000 |
|
||
|
General Reserve |
20,000 |
|
||
|
Interim Dividend |
25,000 |
|
||
|
Proposed Dividend |
1,50,000 |
|
||
|
Provision for Tax |
70,000 |
|
||
|
Profit Before Taxation |
|
3,10,000 |
||
|
Items to be Added: |
|
|
||
|
Depreciation on Machinery |
75,000 |
|
||
|
Interest on Loan |
12,000 |
|
||
|
Interest on Debentures |
15,000 |
|
||
|
Loss on sale of Machinery |
3,000 |
|
||
|
Items to be Deducted: |
|
|
||
|
Interest on Investment |
(7,000) |
98,000 |
||
|
Operating Profit before Working Capital Adjustments |
|
4,08,000 |
||
|
Less: Increase in Current Assets |
|
|
||
|
|
Trade Receivables |
(50,000) |
|
|
|
Add: Increase in Current Liabilities |
|
|
||
|
Trade Payables |
60,000 |
|
||
|
Add: Decrease in Current Assets |
|
|
||
|
Inventory |
30,000 |
40,000 |
||
|
Cash Generated from Operations |
|
4,48,000 |
||
|
Less: Tax Paid |
|
50,000 |
||
|
Net Cash Flows from Operating Activities |
|
3,98,000 |
||
|
|
|
|
|
|
B |
Cash Flow from Investing Activities |
|
|
||
|
|
Sale of Machinery |
12,000 |
|
|
|
|
Purchase of Machinery |
(2,90,000) |
|
|
|
|
Interest on Non-Current investment |
7,000 |
|
|
|
|
Purchase of Non-Current investment |
(20,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(2,91,000) |
||
|
|
|
|
||
C |
Cash Flow from Financing Activities |
|
|
||
|
Proceeds from Issue of Share Capital |
1,00,000 |
|
||
|
Repayment of Bank Loan |
(1,00,000) |
|
||
|
Interest on Debentures |
(15,000) |
|
||
|
Proceeds from Issue of Debentures |
1,00,000 |
|
||
|
Interest on Bank Loan |
(12,000) |
|
||
|
Security Premium Reserve |
5,000 |
|
||
|
Interim Dividend |
(25,000) |
|
||
|
Proposed Dividend |
(1,20,000) |
|
||
|
Net Cash Flow from Financing Activities |
|
(67,000) |
||
|
|
|
|
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
40,000 |
||
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
4,70,000 |
|
|
Cash and Cash Equivalents at the end of the period |
|
5,10,000 |
||
|
|
|
|
||
Working Notes:
(i)
(ii) Discount on issue of debentures has been adjusted from Securities Premium Reserve as per Section 52(2) of the Companies Act,2013. The balance of Rs 5,000 in Securities Premium Reserve is after writing off discount of Rs 10,000. As such discount has not been written off through Statement of Profit and loss, it is not considered while calculating Operating profit.
Fixed Assets Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Balance b/d |
6,10,000 |
Bank A/c (Sale) |
12,000 |
Bank A/c (Purchase- Bal. Fig.) |
2,90,000 |
Accumulated Depreciation |
35,000 |
|
|
Profit and Loss A/c (Loss on Sale) |
3,000 |
|
|
Balance c/d |
8,50,000 |
|
9,00,000 |
|
9,00,000 |
|
|
|
|
Accumulated Depreciation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Fixed Assets A/c |
35,000 |
Balance b/d |
1,10,000 |
Balance c/d |
1,50,000 |
Profit and Loss A/c (Dep. charged during the year- Bal. Fig.) |
75,000 |
|
1,85,000 |
|
1,85,000 |
|
|
|
|
Provision for Taxation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
Bank A/c (Tax Paid) |
50,000 |
Balance b/d |
20,000 |
Balance c/d |
40,000 |
Profit and Loss A/c (Bal. Fig.) |
70,000 |
|
90,000 |
|
90,000 |
|
|
|
|
Answer:
Transaction Classified as Operating Activities
1. Cash Received from Debtors.
2. Cash Paid to Creditors.
3. Selling and Distribution Expenses.
4. Wages and Salaries.
Page No 3.94:
Question 2:
Transaction Classified as Operating Activities
1. Cash Received from Debtors.
2. Cash Paid to Creditors.
3. Selling and Distribution Expenses.
4. Wages and Salaries.
Answer:
Transaction Classified as Investing Activities
1. Proceeds from Sale of Investments.
2. Purchase of Debentures.
3. Dividend Received on Investments.
4. Public Deposits given.
Page No 3.94:
Question 3:
Transaction Classified as Investing Activities
1. Proceeds from Sale of Investments.
2. Purchase of Debentures.
3. Dividend Received on Investments.
4. Public Deposits given.
Answer:
Transaction Classified as Financing Activities
1. Loan taken from Bank.
2. Issue of Debentures.
3. Issue of Shares.
4. Redemption of Debentures.
5. Buy-Back of Shares.
6. Dividend Paid.
Page No 3.94:
Question 4:
Transaction Classified as Financing Activities
1. Loan taken from Bank.
2. Issue of Debentures.
3. Issue of Shares.
4. Redemption of Debentures.
5. Buy-Back of Shares.
6. Dividend Paid.
Answer:
Transaction Classified as Operating Activities
1. Cash Sales.
2. Cash Purchases.
3. Salary and Wages.
4. Income Tax Refund.
5. Computer Maintenance Expenses.
Transaction Classified as Investing Activities
1. Purchase of Investments.
2. Dividend Received.
Transaction Classified as Financing Activities
1. Dividend Paid.
2. Issue of Shares.
Transaction Classified as Cash and Cash Equivalents Activities
1. Cash in Hand.
2. Cash at Bank.
Page No 3.94:
Question 5:
Transaction Classified as Operating Activities
1. Cash Sales.
2. Cash Purchases.
3. Salary and Wages.
4. Income Tax Refund.
5. Computer Maintenance Expenses.
Transaction Classified as Investing Activities
1. Purchase of Investments.
2. Dividend Received.
Transaction Classified as Financing Activities
1. Dividend Paid.
2. Issue of Shares.
Transaction Classified as Cash and Cash Equivalents Activities
1. Cash in Hand.
2. Cash at Bank.
Answer:
Transaction Classified as Operating Activities
1. Selling Expenses.
2. Cash Paid to Creditors.
3. Salaries Paid.
4. Marketing Expenses
Transaction Classified as Investing Activities
1. Purchase of Patents.
2. Sale of Goodwill.
3. Sale of Investments.
Transaction Classified as Financing Activities
1. Buy- Back of Shares.
2. Issue of Shares.
3. Loan taken.
4. Redemption of Preference Shares.
Transaction Classified as Cash and Cash Equivalents Activities
1. Fixed Deposit with Bank.
2. Marketable Securities.
Page No 3.94:
Question 6:
Transaction Classified as Operating Activities
1. Selling Expenses.
2. Cash Paid to Creditors.
3. Salaries Paid.
4. Marketing Expenses
Transaction Classified as Investing Activities
1. Purchase of Patents.
2. Sale of Goodwill.
3. Sale of Investments.
Transaction Classified as Financing Activities
1. Buy- Back of Shares.
2. Issue of Shares.
3. Loan taken.
4. Redemption of Preference Shares.
Transaction Classified as Cash and Cash Equivalents Activities
1. Fixed Deposit with Bank.
2. Marketable Securities.
Answer:
Transaction Classified as Operating Activities
1. Rent received by a Real Estate Company.
Transaction Classified as Investing Activities
1. Purchase of Investments.
2. Dividend Received.
3. Rent Received by a Trading Company.
Transaction Classified as Financing Activities
1. Dividend Paid.
2. Interest Paid on Borrowings.
3. Proceeds from Issue of Debentures.
Transaction Classified as Cash and Cash Equivalents Activities
1. Marketable Securities.
Page No 3.95:
Question 7:
Transaction Classified as Operating Activities
1. Rent received by a Real Estate Company.
Transaction Classified as Investing Activities
1. Purchase of Investments.
2. Dividend Received.
3. Rent Received by a Trading Company.
Transaction Classified as Financing Activities
1. Dividend Paid.
2. Interest Paid on Borrowings.
3. Proceeds from Issue of Debentures.
Transaction Classified as Cash and Cash Equivalents Activities
1. Marketable Securities.
Answer:
Calculation of Net Profit before Tax:
Particulars |
Amount (Rs) |
|
|
Net Profit for the Current Year |
2,36,000 |
Reserve |
1,00,000 |
Proposed Dividend |
72,000 |
Interim Dividend |
90,000 |
Provision for Tax |
1,50,000 |
Net Profit Before Taxation and Extraordinary Items |
6,48,000 |
Page No 3.95:
Question 8:
Calculation of Net Profit before Tax:
Particulars |
Amount (Rs) |
|
|
Net Profit for the Current Year |
2,36,000 |
Reserve |
1,00,000 |
Proposed Dividend |
72,000 |
Interim Dividend |
90,000 |
Provision for Tax |
1,50,000 |
Net Profit Before Taxation and Extraordinary Items |
6,48,000 |
Answer:
Calculation of Net Profit Before Tax For the Year Ending March 31,2016 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 55,000 | |
+ Provision for Tax | 50,000 | |
+ Proposed Dividend | 50,000 | |
Net Profit Before Tax | 1,55,000 | |
Page No 3.96:
Question 9:
Calculation of Net Profit Before Tax For the Year Ending March 31,2016 |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 55,000 | |
+ Provision for Tax | 50,000 | |
+ Proposed Dividend | 50,000 | |
Net Profit Before Tax | 1,55,000 | |
Answer:
Calculation of Operating Profit before working Capital Changes For the Year Ending ……. |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 6,00,000 | |
Add: Non Operating Expenses
|
||
Goodwill written off | 30,000 | |
Depreciation on Fixed Assets | 1,40,000 | |
Interest on Debentures | 28,000 | |
Share Issue Expenses Written Off | 1,000 | |
Loss on Sale of Machinery | 30,000 | 2,29,000 |
Less: Non Operating Incomes
|
||
Profit on Sale of Investment | (20,000) | |
Interest and Dividend received on Investment | (46,000) | (66,000) |
Operating Profit Before Working Capital Changes | 7,63,000 | |
Page No 3.96:
Question 10:
Calculation of Operating Profit before working Capital Changes For the Year Ending ……. |
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 6,00,000 | |
Add: Non Operating Expenses
|
||
Goodwill written off | 30,000 | |
Depreciation on Fixed Assets | 1,40,000 | |
Interest on Debentures | 28,000 | |
Share Issue Expenses Written Off | 1,000 | |
Loss on Sale of Machinery | 30,000 | 2,29,000 |
Less: Non Operating Incomes
|
||
Profit on Sale of Investment | (20,000) | |
Interest and Dividend received on Investment | (46,000) | (66,000) |
Operating Profit Before Working Capital Changes | 7,63,000 | |
Answer:
Calculation of Operating Profit before working Capital Changes For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,20,000 | |
+ Provision for Tax | 1,50,000 | |
+ Investment Fluctuation Reserve | 10,000 | |
+ Bad Debts | 5,000 | |
–Excess Provision Written Back | (5,000) | |
2,80,000 | ||
Add: Non Operating Expenses
|
||
Depreciation on Fixed Assets | 50,000 | |
Less: Non Operating Incomes
|
– | |
Operating Profit Before Working Capital Changes | 3,30,000 | |
Page No 3.97:
Question 11:
Calculation of Operating Profit before working Capital Changes For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,20,000 | |
+ Provision for Tax | 1,50,000 | |
+ Investment Fluctuation Reserve | 10,000 | |
+ Bad Debts | 5,000 | |
–Excess Provision Written Back | (5,000) | |
2,80,000 | ||
Add: Non Operating Expenses
|
||
Depreciation on Fixed Assets | 50,000 | |
Less: Non Operating Incomes
|
– | |
Operating Profit Before Working Capital Changes | 3,30,000 | |
Answer:
Calculation of Operating Profit before working Capital Changes For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,50,000 | |
+ Provision for Tax | 2,50,000 | |
+ Investment Fluctuation Reserve | 40,000 | |
+ Bad Debts | 15,000 | |
+ General Reserve | 50,000 | |
+ Proposed Dividend | 1,20,000 | |
-Excess Provision Written Back | (5,000) | |
6,20,000 | ||
Add: Non Operating Expenses
|
||
Depreciation on Fixed Assets | 1,10,000 | |
Less: Non Operating Incomes
|
||
Dividend Received on Investments | (10,000) | |
Operating Profit Before Working Capital Changes | 7,20,000 | |
Page No 3.98:
Question 12:
Calculation of Operating Profit before working Capital Changes For the Year Ending March 31,2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,50,000 | |
+ Provision for Tax | 2,50,000 | |
+ Investment Fluctuation Reserve | 40,000 | |
+ Bad Debts | 15,000 | |
+ General Reserve | 50,000 | |
+ Proposed Dividend | 1,20,000 | |
-Excess Provision Written Back | (5,000) | |
6,20,000 | ||
Add: Non Operating Expenses
|
||
Depreciation on Fixed Assets | 1,10,000 | |
Less: Non Operating Incomes
|
||
Dividend Received on Investments | (10,000) | |
Operating Profit Before Working Capital Changes | 7,20,000 | |
Answer:
Cash Flow from Operating Activities
For the Year Ending March 31, 2017
|
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 10,000 | |
Add: Non Operating Expenses
|
||
Depreciation | 5,000 | |
Less: Non Operating Incomes
|
||
Operating Profit Before Working Capital Changes | 15,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Debtors | 10,000 | |
Bills Receivables | 2,000 | |
Expenses Outstanding | 1,000 | 13,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Creditors | (4,000) | |
Bills Payables | (13,000) | |
Accrued Income | (1,000) | (18,000) |
Cash From Operating Activities | 10,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 10,000 | |
Page No 3.98:
Question 13:
Cash Flow from Operating Activities
For the Year Ending March 31, 2017
|
||
Particulars | Details (Rs) |
Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 10,000 | |
Add: Non Operating Expenses
|
||
Depreciation | 5,000 | |
Less: Non Operating Incomes
|
||
Operating Profit Before Working Capital Changes | 15,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Debtors | 10,000 | |
Bills Receivables | 2,000 | |
Expenses Outstanding | 1,000 | 13,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Creditors | (4,000) | |
Bills Payables | (13,000) | |
Accrued Income | (1,000) | (18,000) |
Cash From Operating Activities | 10,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 10,000 | |
Answer:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 5,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses
|
||
Less: Non Operating Incomes
|
||
Operating Profit Before Working Capital Changes | ||
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Creditors | 6,000 | |
O/standing Rent | 9,000 | |
Prepaid Insurance | 2,000 | 17,000 |
22,000 | ||
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (6,000) | |
Current Investments | (2,000) | (8,000) |
Cash From Operating Activities | 14,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 14,000 | |
Note: Current investments are taken as 'Working Capital'.
Page No 3.98:
Question 14:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 5,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses
|
||
Less: Non Operating Incomes
|
||
Operating Profit Before Working Capital Changes | ||
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Creditors | 6,000 | |
O/standing Rent | 9,000 | |
Prepaid Insurance | 2,000 | 17,000 |
22,000 | ||
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (6,000) | |
Current Investments | (2,000) | (8,000) |
Cash From Operating Activities | 14,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 14,000 | |
Note: Current investments are taken as 'Working Capital'.
Answer:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,00,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses
|
||
Provision for Depreciation | 20,000 | |
Goodwill Written Off | 40,000 | 60,000 |
Less: Non Operating Incomes
|
||
Operating Profit Before Working Capital Changes | 1,60,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
O/standing Expenses | 14,000 | |
Prepaid Expenses | 2,000 | 16,000 |
1,76,000 | ||
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (80,000) | |
Inventories | (40,000) | (1,20,000) |
Cash From Operating Activities | 56,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 56,000 | |
Page No 3.99:
Question 15:
Cash Flow from Operating Activities For the Year Ending March 31, 2017 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,00,000 | |
+ Provision for Tax | ||
+ Reserve | ||
+ Dividend | ||
Add: Non Operating Expenses
|
||
Provision for Depreciation | 20,000 | |
Goodwill Written Off | 40,000 | 60,000 |
Less: Non Operating Incomes
|
||
Operating Profit Before Working Capital Changes | 1,60,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
O/standing Expenses | 14,000 | |
Prepaid Expenses | 2,000 | 16,000 |
1,76,000 | ||
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (80,000) | |
Inventories | (40,000) | (1,20,000) |
Cash From Operating Activities | 56,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 56,000 | |
Answer:
Cash Flow from Operating Activities For the Year Ending ….. |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 4,00,000 | |
+ Provision for Tax | ||
+ General Reserve | 25,000 | |
+ Dividend | ||
Add: Non Operating Expenses
|
||
Depreciation on Fixed Assets | 50,000 | 50,000 |
Goodwill written off | 5,000 | 5,000 |
Less: Non Operating Incomes
|
||
Profit on Sale of Land | (50,000) | (50,000) |
Operating Profit Before Working Capital Changes | 4,30,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Bills Receivable | 2,000 | |
Prepaid Expenses | 2,000 | 4,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (3,000) | |
Creditors | (5,000) | (8,000) |
Cash From Operating Activities | 4,26,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 4,26,000 | |
Page No 3.99:
Question 16:
Cash Flow from Operating Activities For the Year Ending ….. |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 4,00,000 | |
+ Provision for Tax | ||
+ General Reserve | 25,000 | |
+ Dividend | ||
Add: Non Operating Expenses
|
||
Depreciation on Fixed Assets | 50,000 | 50,000 |
Goodwill written off | 5,000 | 5,000 |
Less: Non Operating Incomes
|
||
Profit on Sale of Land | (50,000) | (50,000) |
Operating Profit Before Working Capital Changes | 4,30,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Bills Receivable | 2,000 | |
Prepaid Expenses | 2,000 | 4,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
Debtors | (3,000) | |
Creditors | (5,000) | (8,000) |
Cash From Operating Activities | 4,26,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 4,26,000 | |
Answer:
Cash Flow from Operating Activities For the Year Ending ……… |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,50,000 | |
+ Provision for Tax | ||
+ Debenture Redemption Reserve | 50,000 | |
+ Dividend | ||
Add: Non Operating Expenses
|
||
Provision for Depreciation | 1,90,000 | 1,90,000 |
Goodwill written off | 50,000 | 50,000 |
Less: Non Operating Incomes
|
||
Profit on Sale of Plant | (60,000) | (60,000) |
Operating Profit Before Working Capital Changes | 3,80,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Debtors | 50,000 | 50,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
O/standing Expenses | (30,000) | (30,000) |
Cash From Operating Activities | 4,00,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 4,00,000 | |
Provision for Depreciation Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Plant A/c | 90,000 | Balance b/d | 3,00,000 | ||
Balance c/d | 4,00,000 | Depreciation (Balancing Figure) | 1,90,000 | ||
4,90,000 | 4,90,000 | ||||
Page No 3.99:
Question 17:
Cash Flow from Operating Activities For the Year Ending ……… |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,50,000 | |
+ Provision for Tax | ||
+ Debenture Redemption Reserve | 50,000 | |
+ Dividend | ||
Add: Non Operating Expenses
|
||
Provision for Depreciation | 1,90,000 | 1,90,000 |
Goodwill written off | 50,000 | 50,000 |
Less: Non Operating Incomes
|
||
Profit on Sale of Plant | (60,000) | (60,000) |
Operating Profit Before Working Capital Changes | 3,80,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities
|
||
Debtors | 50,000 | 50,000 |
Less: Increase in Current Assets & Decrease in Current Liabilities
|
||
O/standing Expenses | (30,000) | (30,000) |
Cash From Operating Activities | 4,00,000 | |
Less: Tax Paid
|
– | |
Net Cash From Operating Activities (A) | 4,00,000 | |
Provision for Depreciation Account | |||||
Dr. | Cr. | ||||
Particulars | Amount (Rs) |
Particulars | Amount (Rs) |
||
Plant A/c | 90,000 | Balance b/d | 3,00,000 | ||
Balance c/d | 4,00,000 | Depreciation (Balancing Figure) | 1,90,000 | ||
4,90,000 | 4,90,000 | ||||
Answer:
Cash Flow from Operating Activities For the Year Ending March 31, 2015 |
||
Particulars | Details (Rs) | Amount (Rs) |
Cash Flow from Operating Activities | ||
Net Profit | 1,25,000 | |
+ Provision for Tax | 20,000 | |
+ Reserve | – | |
+ Dividend | 15,000 | |
Add: Non Operating Expenses | ||
Goodwill Written Off | 10,000 | |
Depreciation | 20,000 | |
Preliminary Expenses Written Off | 2,000 | |
Loss on Sale of Machinery | 10,000 | 42,000 |
Less: Non Operating Incomes | ||
Profit on Sale of Furniture | (5,000) | (5,000) |
Operating Profit Before Working Capital Changes | 1,97,000 | |
Add: Decrease in Current Assets & Increase in Current Liabilities | ||
Inventories | 6,000 | |
Expenses Outstanding | 1,000 | |
Less: Increase in Current Assets & Decrease in Current Liabilities | ||
Creditors | (4,000) | |
Trade Receivables | (8,000) | |
Current Investments | (30,000) | (42,000) |
Cash From Operating Activities | 1,62000 | |
Less: Tax Paid | 22,000 | |
Net Cash From Operating Activities (A) | 1,40,000 | |
View NCERT Solutions for all chapters of Class 15