Download App

Cash Flow Statement — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyCash Flow Statement6 Marks
Question
Prepare Cash Flow Statement from the following Balance Sheet:
Notes to Accounts:
Additional Information:
  1. An old machinery having book value of ₹ 50,000 was sold for ₹ 60,000.
  2. Depreciation provided on Machinery during the year was ₹ 30,000.
✓

Answer

Get the step-by-step solution for this question inside the Vidyadip app.

Get the answer in the app

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "6 Marks Question" from Cash Flow Statement→Cash Flow Statement — all question types→Accountancy STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

From the following Statement of Profit and Loss of Star Ltd. for the years ended 31st March 2018 and 2017 prepare a comparative statement of Profit & Loss:
→
X Ltd. took a loan of ₹ 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of ₹ 100 each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company.
→
Narmada Limited was registered with an Authorised Capital of ₹ 5,00,000 in ₹ 10 shares. Company purchased an Asset for ₹ 2,00,000 and issued fully paid shares for it. Balance 30,000 shares were issued to the public, payable as follows:
On Application & Allotment ₹ 3
On First Call ₹ 4
On Second Call ₹ 3
Govind, holding 100 shares failed to pay the First Call money and his shares were forfeited after the First Call.
Gopal, holding 200 shares failed, to pay the Second Call and his shares were also forfeited.
Pass Journal Entries.
→
Z Ltd. was registered with an authorised capital of ₹ 60,00,000 divided in 60,000 equity shares of ₹ 100 each. Company issued 25,000 equity shares at a premium of ₹ 20 per share, payable as follows: ₹ 30 on Application; ₹ 45 on Allotment (including premium); ₹ 20 on first call and ₹ 25 on Second and Final Call.
All shares were subscribed and all the money was duly received. Share issue expenses amounted to ₹ 40,000 which were fully written off against Securities Premium.
Prepare necessary Journal Entries and Bank Account in the books of the Company.
→
From the following information, prepare a Comparative Statement of Profit:
→
Explain the term ‘Forfeiture of Shares’ and give the accounting treatment on forfeiture.
→
From the following Balance Sheet of X Y Ltd. as on 31.3.2006 and 31.3.2007 prepare a Cash Flow Statement:
Additional Information: During the year machine costing Rs. 80,000 was sold for Rs. 50,000. Dividend paid Rs. 80,000.
→
Janata Ltd. invited applications for issuing 70,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share. The amount was payable as follows:
On application
₹ 4 per share (including premium)
On allotment
₹ 3 per share
On first and final call
---- Balance.
Applications for 1,00,000 shares were received. Applications for 10,000 shares were rejected. Shares were allotted to the remaining applicants on pro-rata basis. Excess money received with applications were adjusted towards sums due on allotment. All calls were made and were duly received except first and final call on 700 shares allotted to Kanwar. His shares were forfeited. The forfeited shares were re-issued for Rs. 77,000 fully paid up.
Pass necessary journal entries in the books of the company for the above transactions.
→
Describe two basic methods of charging depreciation. Differentiate between both of them.
→
Axis Ltd. has the following balances on 1st April 2013:
 
₹
Statement of Profit & Loss
3,00,000
Debenture Redemption Reserve
5,00,000
General Reserve
7,00,000
Securities Premium Reserve
2,00,000
It earned a profit of ₹ 6,00,000 for the year ended 31st March 2014. It decided to transfer ₹ 3,00,000 towards General Reserve and ₹ 2,50,000 towards. Debenture Redemption Reserve.
Directors proposed a final dividend of ₹ 80,000.
Show how these items will appear in the Balance Sheet and notes to accounts.
→