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Cash Flow Statement — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyCash Flow Statement6 Marks
Question
Prepare a Cash-Flow Statement from the Balance Sheets given below:
Notes:

Additional Information:
  1. Depreciation written off on fixed assets @ 10% on last year's balance.
  2. Interim Dividend paid during the year @ 10% on Share Capital.
  3. Mortgage Loan was taken on 1st July 2017 @ 10% p.a. Interest has been paid up-to date.
✓

Answer


Notes:
  1. Calculation of Net Profit before Tax:
 
₹
Profit & Loss Balance on 31st March, 2018
75,000
less: Profit & Loss Balance on 31st March, 2017
(30,000)
 
1,05,000
Add: Transfer to General Reserve
30,000
Dividend Paid (10% on ₹ 5,00,000)
50,000
Provision for Tax made during the Current year
15,000
Net Profit before Tax
2,00,000
Negative balance of Profit and Loss amounting to ₹ 30,000 appearing in the balance sheet on 31.3.2017 represents an amount of loss. In the current year, after covering this loss of ₹ 30,000, the Profit & Loss shows a profit of ₹ 75,000. It means that net profit during the current year must have been ₹ 75,000 + ₹ 30,000 = ₹1,05,000.
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