Problem 1: From the following summary of Cash Account of X Ltd., prepare Cash Flow Statement for the year ended 31st March 2007 in accordance with AS-3 using the direct method. Cash flow arising from financing activities are exhibited as follows: Previous Years’Examination Questions (ii) Depreciation provided on Machinery during the year was ₹30,000. (All India 2013) 3.Dividend paid by a financial company is classified under which type of activity, while preparing cash flow statement? 4. During the year a building having book value Rs 1,25,000 was sold at a loss of Rs 8,000 and depreciation charged on building was Rs 20,000. Depreciation provided on tangible assets during the year amounted to Rs 2,00,000.Prepare a cash flow statement. Rs 18,000 depreciation was charged on equipment. (ii) Cash proceeds form sale of investments. Land was sold at a profit of ₹ 60,000.4. Debenture Interest paid during the year ₹ 27,000. 1. All the solutions of Cash Flow Statements - Accountancy explained in detail by experts to help students prepare for their CBSE exams. (All India 2012; Modified) Chapter wise assignments are being given by teachers to students to make them understand the chapter concepts. Prepare Cash Flow Statement from the following: STATEMENT OF PROFIT AND LOSSfor the year ended 31st March, 2019, (c) Short-term Provision: Provision form Tax, (a) Short-term Investments (Marketable Security), Surplus, i.e., Balance in Statement of Profit and Loss. Cash equivalents mean short-term highly liquid investments that are readily convertible into known amount of cash and which are subjected to an insignificant risk of change in value. Ans. 45.State whether ‘conversion of debentures into equity shares’ by a financing company will result into inflow, outflow or no flow of cash? Compute Cash Flow from Operating Activities from the following:(i) Profit for the year ended 31st March, 2019 is ₹ 10,000 after providing for depreciation of ₹ 2,000. 34.Give one difference between an operating activity and a financing activity. (i)During the year, machine costing Rs 80,000 was sold for Rs 50,000. All the Solutions in TS Grewal are clear to comprehend. Provistion for Tax made during the year was ₹ 27,000. Proceeds from sale of patents is an investing activity. It is simply a movement between two components of cash and cash equivalents. Ans. 5.Give the meaning of cash (All India 2014; Delhi 2011) (ii) Cash proceeds from issue of debentures. 4. Get free TS Grewal Solutions for Class 12 Accountancy - Double Entry Book Keeping Volume 1 Chapter 1 Financial Statements of Not for Profit Organisations solved by experts. Compute Cash Flow from Operating Activities from the following: An asset costing ₹ 40,000 having book value of ₹ 28,000 was sold for ₹ 36,000. In the beginning of the year, a part of plant was sold for ₹45,000 which had a written down value of ₹30,000.Calculate Cash Flow from Investing Activities, From the following details. The total value of assets and liabilities of the business were Rs.22,00,000 and Rs.5,60,000 respectively. Additional Information 12% Debentures were redeemed on 31st March, 2015.2. XYZ. (d). The company offered for public subscription all the shares. So is the case if you are looking for CBSE class 11 Commerce related topic . (i) Building purchased. (ii) An Interim Dividend of ₹ 40,000 on Equity Shares was paid.Calculate Net Profit before Tax and Extraordinary Items. Ans. Prepare the cash flow statement. (All India2010) 62.From the following balance sheet of Sewak Ltd as on 31st March, 2008 and 2009, Prepare cash flow statement. (All India 2014,2011; Delhi 2014,2011 c) 1. (All India 2013) From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: Additional Information:1. or Ans. TEST YOUR UNDERSTANDING I. (i)Income tax paid during the year Rs 3,500. TS Grewal Solutions for Class 11 Accountancy Chapter 20 – Financial Statements of Not-for-Profit Organisations Question 1. 14.State with reason whether ‘discount received on making payment to suppliers’ would result into inflow, outflow or no flow of cash. Machinery was purchased during the year ₹ 33,000. (Delhi 2014,2012,2011C; All India 2014,2012) (Delhi 2009c) (Delhi 2013) Calculations: Percentages 9. Depreciation charged on Plant and Machinery ₹ 50,000.2. Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:Mevanca Limited BALANCE SHEET as at 31st March, 2017: Additional Information :(i) Additional loan was taken on 1st July, 2016. Cash, as the term is used for the statement of cash flows, could indicate either cash or cash equivalents. Additional Information Two investing activities which result into outflow of cash are: Goodwill amortised was ₹ 7,000, and gain on sale of machinery was ₹ 3,000. TS Grewal solutions for Class 12 Accountancy - Analysis of Financial Statements chapter 4 (Cash Flow Statement) include all questions with solution and detail explanation. Solution: Question 4. Additional Information 18.Under which type of activity will you classify ‘proceeds from sale of patents’ while preparing cash flow statement? (All India 2010) Also after the chapter you can get links to Class 12 Accountancy Notes, NCERT Solutions, Important Question, Practice Papers etc. Ans. No flow of cash because no cash is involved in this transaction. Additional Information:1. (g) Payment of Interim Dividend. 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Cash Budget Analysis and Variances The information contained in this document is intended to familiarise teachers and learner with topics indicated above. Chapter 6: Cash Flow Statement. Following is the extract from the Balance Sheet of Zee Ltd. Additional Information:(i) Proposed dividend on equity shares for the year 2017-18 and 2018-19 are ₹ 1,60,000 and ₹ 2,00,000 respectively. (i) Redemption of debentures. Ans. Additional Information :  (i) You are informed during the year: (ii) A machine with a book value of ₹20,000 was sold for ₹12,500;(iii) Depreciation charged during the year was ₹35,000;(iv) Preference shares were redeemed on 31st March, 2018 at a premium of 5%;(v) An Interim dividend of ₹5,000 was paid on equity shares on 31st March, 2019 out of General Reserve;(vi) Fresh equity shares were Issued on 31st March, 2019; and(vii) Additional Investments were purchased on 31st March, 2019. 41.When is interest received considered as financing activity? 61.From the following balance sheet, prepare a cash flow statement as per AS-3 (Revised) TS Grewal-II (2019) Solutions are considered an extremely helpful resource for exam preparation. 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. 43.’Cash receipts from sale of goods by a trading company’ will come under which activity while preparing cash flow statement? 9.What is meant by ‘cash from operating activities’? Solution: Question 5. From the following information, calculation Cash Flow from Operating Activities and Investing Activities: Additional Information:1. Income Tax paid during the year was ₹ 28,000. It is simply a movement between two components of cash and cash equivalents. From the following Balance Sheet, prepare Cash Flow Statement: (c) Short-term Provisions: Provision for Tax. 67.From the following balance sheet of EF Ltd as on 31st March, 2006 and 31st March, 2007, prepare the cash flow statement Interest received is never considered as a financing activity. Ans. Depreciation on Land and Building was ₹ 50,000 for the year.3. 25.’Payment of dividend’ will come under which type of activity while preparing a cash flow statement? Scroll down for Cash Flow Statement from NCERT Book Class 12 Accountancy Book & … Ans. Additional Information Using TS Grewal Class 12 solutions Cash Flow Statement exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. Solution: Question 6. (Delhi 2010 c) the fourth general-purpose financial statement and summarizes how changes in balance sheet accounts affect the cash account during the accounting period What is the Cash Flow Statement Indirect Method? 12% Debentures of face value ₹ 1,00,000 were issued on 31st March, 2019. Additional Information 51.Prepare a cash flow statement on the basis of the information given in the balance sheet of Simco Ltd as at 31st March, 2013 and 2012 20.Under which type of activity will you classify ‘commission and royalty received’while preparing cash flow statement? 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. (d) Purchase of Land and Building for ₹10,00,000. The Balance Sheet of Virendra Paper Ltd. as at 31st March, 2019 is given below: Surplus i.e., Balance in Statement of Profit and Loss. (i) During the year a piece of machinery costing ₹ 60,000 on which depreciation charged was ₹ 20,000 was sold at 50% of its book value. 4.Limitations of Cash Flow Statement Interest paid on debentures issued ₹ 20,000.3. Dividend received on shares held as investment ₹ 20,000.4. Dividend paid on Equity Share Capital ₹ 30,000.5. Calculate Cash Flow from Investing Activities on the basis of the above information. Investing activity. (i)Depreciation on fixed assets Rs 20,000. Prepare the cash flow statement. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Ans. 27.Name any two financing activities that result into inflow of cash. calculate Cash Flow from Investing Activities. 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. Two financing activities that result into outflow of cash are: 40.State why cash flow statement is not a substitute for income statement? Ans. Income Tax paid during the year was ₹ 28,000.4. 58.From the following balance sheet of Vikas Ltd as at 31st March, 2009 and 2010. Depreciation to be charged on machinery ₹ 14,000 and building ₹ 10,000. 19.Give an example of the activity which remains financing activity for every enterprise. During the year, equipment costing Rs 1,00,000 was purchased. Gopal Ltd. was registered with an authorised capital of Rs.50,00,000 divided into Equity Shares of Rs.10 each. Additional Information (i) Cash flow from operating activities. 17.Under which type of activity will you classify ‘proceeds from sale of investment’ while preparing cash flow statement? (Delhi 2013) (i)During the year Rs 50,000 depreciation was charged on fixed assets. Ans. (c). Note: Proposed dividends on equity for the years ended 31st March, 2018 and 2019 are ₹ 39,000 and ₹ 45,000 respectively. Additional Information:1. (b) Dividend received on Shares. From the following extracts of a company, calculate Cash Flow from Investing Activities: Calculate Cash Flow from Investing Activities from the following information: Additional Information:1. 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. Activity, while preparing a cash flow statement on cash for commercial purpose and the received... 12.Under which type of activity will you classify ‘ proceeds from sale of patents were during... 2.Cash flows cash flows shows the effects on cash 8, 9, 10, 11 and.! Off were ₹ 50,000 while a part of the business were Rs.22,00,000 and Rs.5,60,000 respectively prepare the from... 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