Ans. Interest received on investments ₹ 75,000. Interim Dividend of ₹75,000 has been paid during the year. State which of the following would result in inflow/outflow or no flow of Cash and Cash Equivalents:(a) Sale of Fixed Assets, Book Value ₹ 1,00,000 at a profit of ₹10,000. During the year, a part of the Fixed Assets costing ₹ 30,000 was sold for ₹ 36,000. 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Meritnation.com gives its users access to a profuse supply of TS Grewal-II (2019) questions and their solutions. From the following information, calculate Cash Flow from Investing Activities: A building was purchased as investment out of surplus which was let out for commercial purposes.Rent Received ₹20,000. (c) Purchase of machinery for cash. Prepare Cash Flow Statement. From the following Balance Sheet of JY Ltd. as at 31st March 2017, prepare a Cash Flow Statement: Proposed Dividend for the years ended 31st March, 2016 and 2017 are ₹ 50,000 and ₹ 75,000 respectively. Ans. (a). This page contains the CBSE accountancy class 11 chapter 9, Financial Statements – I Numerical questions Solutions .You can find the questions/answers/solutions for the chapter 9 of CBSE class 11 accountancy in this page. From the following Balance Sheet of SRS Ltd. and the additional information as on 31st March, 2016, prepare a Cash Flow Statement: SRS Ltd.BALANCE SHEET as on 31st March, 2016. These solutions for Class 12 are outlined keeping in mind the current CBSE syllabus, hence possessing a great chance of appearing in the board examinations. If the answer is not available please wait for a while and a community member will probably answer this soon. (Foreign 2011; HOTS) 24.List any two investing activities which result into outflow of cash. Dividend received is considered as an operating activity when company is a financing or investing company. From the following particulars, calculate Cash Flow from Investing Activities. Additional Information: Proposed Dividend for the years ended 31st March, 2018 and 2019 are ₹ 4,00,000 and ₹ 5,00,000 respectively.Prepare the Note to show Net Profit before Tax and Extraordinary Items. Following are the Balance Sheets of Krishtec Ltd. for the years ended 31st March 2012 and 2011: (b) Reserves and Surplus (Surplus, i.e., Balance in Statement of Profit and Loss), Prepare a Cash Flow Statement after taking into account the following adjustments:(a) The company paid Interest ₹36,000 on its long-term borrowings. The company offered for public subscription all the shares. It was let out for commercial purpose and the rent received was ₹ 20,000.2. Dividend received from Damodar Ltd. @ 12%.3. 1.Cash Flow Statement Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. Additional Information:1. Following are the extracts from the Balance Sheet of MAH Ltd. as at 31st March, 2019. Not only do these DK Goel (2019) Solutions for Class 12 Accountancy strengthen students’ foundation in the subject, but also give them the ability to tackle different types of questions easily. (i) ₹50,000, 12% Debentures were issued on 31st March, 2016. 60.From the following balance sheet and additional information of Good Wood Co. you are required to prepare the cash flow statement as per AS-3 (Revised). Investments costing ₹ 24,000 were sold during the year for ₹ 25,5000. Ans. 6.What is meant by cash equivalents? Prepare the cash flow statement. Note: Proposed dividends on equity for the years ended 31st March, 2018 and 2019 are ₹ 39,000 and ₹ 45,000 respectively. A plot of land was purchased out of the surplus funds for investment purposes and was let out for commercial use. From the following information, calculate Net Cash Flow from Operating Activities and Financing Activities: Additional Information:(i) During the year additional debentures were issued at par on 1st October and Bank Loan was repaid on the same date. Solution: Question 2. (All India 2008; hots ) No flow of cash Cash deposited into the bank. Prepare a Cash Flow Statement after taking into account the following adjustments: (a) The company paid Interest ₹36,000 on its long-term borrowings. Analysis Of Financial Statements Ts Grewal 2019 Solutions for Class 12 Commerce Accountancy Chapter 5 Cash Flow Statement are provided here with simple step-by-step explanations. It is classified under ‘financing activity’. Separate disclosure of cash flows from investing activities is important because they represent to which investment have been made for resources, intended to generate future income and cash flows. 8.State with reason whether the issue of 9% debentures to the vendors for the purchase of machinery of Rs 50,000 will result into inflow, outflow or no flow of cash. Ans. Calculations: Percentages 9. Chapter 1: Financial Statements of a Company, Chapter 2: Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements, Class 12 Accountancy - Analysis of Financial Statements, CBSE Previous Year Question Paper With Solution for Class 12 Arts, CBSE Previous Year Question Paper With Solution for Class 12 Commerce, CBSE Previous Year Question Paper With Solution for Class 12 Science, CBSE Previous Year Question Paper With Solution for Class 10, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Arts, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Commerce, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Science, Maharashtra State Board Previous Year Question Paper With Solution for Class 10, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Arts, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Commerce, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Science, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 10, (b) Cash Received against Revenue from Services rendered, (p) Income Tax Paid on Gain of Sale of Asset, Surplus, i.e., Balance in Statement of Profit and Loss (Opening), Surplus, i.e., Balance in Statement of Profit and Loss (Closing), Insurance Proceeds from Earthquake disaster settlement, Net Profit before Tax and Extraordinary Items, Premium on Redemption of Preference Shares, Interest and Dividend Received on Investments, Net Profit after Provision for Tax and Payment of Dividend, Appropriation of Profit towards General Reserve, Net Profit (Difference between Closing and Opening Balance of Surplus, i.e., Balance in Statement of Profit and Loss), Compensation for Natural Disaster credited to Statement of Profit and Loss, Decrease in Current Assets (Other than Cash and Cash Equivalents), Increase in Current Assets (Other than Cash and Cash Equivalents), Accumulated Depreciation on 1st April, 2018, Accumulated Depreciation on 31st march, 2019, Current Assets (Trade Receivables and Inventories), Surplus i.e., Balance in Statement of Profit and Loss. 3. (AllIndia2013) Prepare a cash flow statement 1. 53.Following is the balance sheet of Krishtec Ltd for the year ended 31st March, 2011 and 2012. 35.Give any two transactions which result into ‘inflow of cash’. Gopal Ltd. was registered with an authorised capital of Rs.50,00,000 divided into Equity Shares of Rs.10 each. The NCERT accountancy book for class 12 students gives a precise and appropriate definition of cash flow statement, followed by its uses. (ii) Cash proceeds form sale of investments. 2. Cash flow represents only net cash inflow or outflow of cash. Additional Information :(i) During the year, Machinery costing ₹ 1,40,000 (accumulated depreciation provided thereon ₹ 1,10,000) was sold for ₹ 20,000. (iii) Provision for taxation Rs 1,60,000. Additional Information Grand Hospitality Ltd., reported Net Profit after Tax of ₹ 6,40,000 for the year ended 31st March, 2019. It is simply a movement between two components of cash and cash equivalents. Interim dividend on Equity Shares was paid @ 15%.3. Solution: Question 6. (ii) Investments purchased. It shows net income of the firm. (Delhi 2012; Modified) Depreciation to be charged on machinery ₹ 14,000 and building ₹ 10,000. From the following Balance Sheet, prepare Cash Flow Statement: (c) Short-term Provisions: Provision for Tax. (iv)No adherence of basic accounting principles. (ii)Cash flow from investing activities. A machine costing ₹ 80,000 (depreciation provided thereon ₹ 30,000) was sold for ₹ 35,000. 11.State with reason whether ‘purchase of fixed asset on long-term deferred payment’ would result in inflow, outflow or no flow of cash. Ans. (c) Sold machinery of original cost of ₹2,00,000 with an accumulated depreciation of ₹1,60,000 for ₹60,000. Question 1. (All India 2011) Ans. The relevant extract from Balance Sheet as at 31st March, 2019 is: Depreciation charged on Plant and Machinery ₹ 55,000, insurance claim received ₹ 50,000, gain (profit) on sale of investment ₹ 20,000 appeared in the Statement of Profit and Loss for the year ended 31st March, 2019. From the following details. Ans. Ans.Two investing activities that result into inflow of cash are: Receipt of cash from the issuance of bonds payable – it is a financing activity. (i) Redemption of debentures. Included in fixed assets was a piece of machinery costing Rs 70,000 on which depreciation charged was Rs 40,000 and it was sold for Rs 30,000. (Delhi 2012) Calculate Cash Flow from Operating Activities from the following information. (ii) Current Assets and Current Liabilities of the business for the year ended 31st March, 2018 and 2019 are as follows: Calculate Cash Flow from Operating Activities from the following information:INCOME STATEMENT (STATEMENT OF PROFIT AND LOSS)for the year ended 31st March, 2019, Change in Inventories of Finished Goods and Work-in-Progress, Interest on Debentures held as Investments, Mars Ltd. has Plant and Machinery whose written down value on 1st April, 2017 was ₹9,60,000 and on 31st March, 2018 was ₹10,50,000. Ans. (ii)A piece of machinery included in fixed assets costing Rs 10,000, on which depreciation During the year, a piece of machinery of the book value of Rs 80,000 was sold for Rs 65,000. Ans. We hope the TS Grewal Accountancy Class 12 Solutions Chapter 7 Company Accounts Financial Statements of Not-for-Profit Organisations help you. 22.While preparing cash flow statement which type of activity is, ‘payment of cash to acquire shares by a trading company’? 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