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Class XII Cash Flow Statement Guide

The document is an accountancy assignment focused on preparing a Cash Flow Statement for Class XII students. It includes questions on operating activities, interest classification, cash flow calculations, and examples of financing activities. Additionally, it provides data for students to prepare a Cash Flow Statement based on given financial information.

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Mehul
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26 views3 pages

Class XII Cash Flow Statement Guide

The document is an accountancy assignment focused on preparing a Cash Flow Statement for Class XII students. It includes questions on operating activities, interest classification, cash flow calculations, and examples of financing activities. Additionally, it provides data for students to prepare a Cash Flow Statement based on given financial information.

Uploaded by

Mehul
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

ACCOUNTANCY ASSIGNMENT

CASH FLOW STATEMENT


CLASS XII

Q-1 What do mean by operating Activities?

Q- 2 Interest received by a finance company is classified under which kind of activity


while preparing a Cash Flow Statement .

Q-3 Under which activity will you include the payment of interest on loan by a
manufacturing company while preparing a Cash Flow Statement ?

Q-4 Calculate Cash Flow From Operating Activities with the following information of
X Ltd:-

Particulars April 1,2018 (`) March 31,2019( `)


P & L Account 50,000 30,000
Bills Receivable 26,000 17,000
Rent Payable 1,600 4,000
Prepaid Insurance 2,800 2,400
Stock 22,000 39,000
Creditors 20,000 10,000

X Ltd. had provided for the following items while arriving at the profit for the year:-
(a) Depreciation on Fixed Assets ` 24,000
(b) Writing off Preliminary Expenses ` 6,000
(c) Loss on sale of Furniture ` 2,000
(d) Profit on sale of Machinery ` 4,000

Q-5 Give two examples of financing activity.

Q-6 Define cash and cash equivalents.


Q-7 From the following particulars, prepare a Cash Flow Statement :

Particulars Note No. March31, 2020 March 31, 2019


(`) (`)
I EQUITIES AND LIABILITIES
1. Shareholder’s Funds
(a) Share Capital 1 1,00,000 80,000
(b) Reserves & Surplus 2 6,400 6,000
2. Non-Current Liabilities
15% Debentures
14,000 12,000
3. Current Liabilities
Creditors
Short Term Provision 22,000 24,000
TOTAL 3 20,000 16,000
1,62,400 1,38,000
II ASSETS
1. Non Current Assets
(a) Fixed Assets
(i) Tangible Assets 4 50,000 60,000
(ii) Intangible Assets 5 10,000 8,000
(b) Non Current Investments
!2% Investments
20,000 17,000
2. Current Assets:
Stock
Debtors 40,000 30,000
Bank 34,400 20,000
Prepaid Expenses 7,000 2,400
1,000 600

1,62,400 1,38,000

Notes to Accounts -
Particulars March31, 2020 March 31, 2019
(`) (`)
1. Share Capital:
Equity Share Capital 80,000 80,000
12% Preference Share Capital 20,000 ---
1,00,000 80,000
2. Reserves & Surplus
Profit & Loss Balance
General Reserve 2,400 2,000
4,000 4,000
6,400 6,000
3. Short Term Provision
Provision for Taxation
20,000 16,000
20,000 16,000
4. Tangible Assets:
Plant and Machinery
Less: Depreciation 80,000 82,000
30,000 22,000
50,000 60,000
5. Intangible Assets
Goodwill
10,000 8,000
10,000 8,000

Additional Information:

(i) Fixed Assets costing `20,000 ( accumulated depreciation till date of sale `6,000)
was sold for ₹10,000.
(ii) Interim dividend paid during the year `9,000.
(iii) Provision for tax made during the year `9,400.
(iv) Proposed Dividend
March 31, 2019 - ₹20,000
March 31, 2020 - ₹18,000.

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