Q. 34 DK Goel Cash Flow Statement Solutions Class 12 CBSE (2024-25)

Solution of question number 34 of Cash Flow Statement chapter 7 of DK Goel Class 12 CBSE (2024-25)

Q. 34 (A). Following are the Balance Sheets of Quick Gains Ltd:-

Particulars	Note. No.	31st March, 2022	31st March, 2021
I. EQUITY AND LIABILITIES:
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus		2,00,000 1,25,000	2,00,000 20,000
(2) Non-Current Liabilities: Long-term Borrowings		75,000	50,000
(3) Current Liabilities (a) Trade Payables (b) Short-term Provisions (Provision for Tax)		64,000 15,000	90,000 10,000
Total		4,79,000	3,70,000
II. ASSETS:
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Machinery)		3,23,000	1,84,000
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents (d) Other Current Assets		72,000 51,000 33,000	50,000 75,000 59,000 2,000
Total		4,79,000	3,70,000

Notes to Accounts:

	31.3.2022 (₹)	31.3.2021 (₹)
(i) Property, Plant and Equipment: Machinery : Less: Accumulated Depreciation	3,75,000 52,000	2,20,000 36,000
	3,23,000	1,84,000
(2) Other Current Assets: Prepaid Expenses	—-	2,000

(1)

	31.3. 2022 (₹)	31.3. 2021 (₹)
Contingent Liability Proposed Dividend	28,000	20,000

(2) Interest paid on long-term borrowings amounted to ₹ 8,000.

You are required to prepare a Cash-Flow Statement.

[Ans. Cash from operating activities ₹ 1,32,000; Cash used in Investing Activities ₹ 1,55,000; and Cash used in financing activities ₹ 3,000.]

Solution:-

Q 34 (B). Prepare a Cash-Flow Statement from the following Balance Sheet of Garden Honey Ltd:-

Particulars	Note. No.	31st March, 2022	31st March, 2021
I. EQUITY AND LIABILITIES:
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus		2,80,000 1,92,000	2,50,000 1,20,000
(2) Non-Current Liabilities: Long-term Borrowings		___	30,000
(3) Current Liabilities (a) Short-term Borrowings (b) Trade Payables (c) Short-term Provisions		40,000 93,000 30,000	70,000 1,76,000 22,000
Total		6,35,000	6,68,000
II. ASSETS:
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (ii) Intangible Assets (b) Non-Current Investments		3,65,000 42,000 30,000	3,50,000 60,000 62,000
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents		80,000 1,00,000 18,000	1,20,000 66,000 10,000
Total		6,35,000	6,68,000

Notes to Accounts:-

	31.3.2022 (₹)	31.3.2021 (₹)
(1) Reserve & Surplus: General Reserve Profit & Loss Balance	1,25,000 67,000	1,00,000 20,000
	1,92,000	1,20,000
(2) Long-term Borrowings: 12% Debentures	__	30,000
(3) Short-term Borrowings: Bank Overdraft	40,000	70,000
(4) Short-term Provision: Provision for Tax	30,000	22,000
(i) Property, Plant and Equipment: Land & Building Plant & Machinery	50,000 3,15,000	2,00,000 1,50,000
	3,65,000	3,50,000

Debentures were redeemed on 1st April, 2021.

[Ans. Cash from operating activities ₹ 21,000; Cash from investing activities ₹ 17,000; and Cash used in financing activities ₹ 30,000.]

Solution:-

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