Q. 40 DK Goel Cash Flow Statement Solutions Class 12 CBSE (2024-25)

Solution of question number 40 of Cash Flow Statement chapter 7 of DK Goel Class 12 CBSE (2024-25)

Q. 40 (A). Prepare a Cash Flow Statement from the following Balance Sheets of ONIDA 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 1,07,000	2,00,000 25,000
(2) Non-Current Liabilities: Long-term Borrowings		1,20,000	—
(3) Current Liabilities (a) Trade Payables (b) Short-term Provision		1,39,000 40,000	90,000 30,000
Total		6,06,000	3,54,000
II. ASSETS:
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment		1,80,000 34,000	1,20,000 50,000
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash & Cash Equivalents (d) Other Current Assets		2,10,000 1,20,000 52,000 10,000	1,00,000 50,000 13,000 12,000
Total		6,06,000	3,45,000

Notes to Accounts:-

	31.3.2022 (₹)	31.3.2021 (₹)
(1) Long-term Borrowings: 12% Debentures	1,20,000	—
(2) Short-term Provision: Provision for Taxation	40,000	30,000

Additional Information:-

(1) Debentures were issued on 1st October 2021. Interest has been paid up-to date.

(2) Machinery whose original cost was ₹ 50,000 (accumulated depreciation thereon being ₹ 27,000) was sold for ₹ 35,000.

(3) Depreciation on Machinery charged during the year ₹ 15,000.

(4) Interim Dividend paid during the year was @ 15% on Share Capital.

[Ans. Cash from Operating Activities ₹ 19,200; Cash used in investing activities ₹ 63,000; and Cash from financing activities ₹ 82,800.]

Solution:-

Q. 40 (B) From the following Balance Sheets of X Ltd., you are required to prepare Cash Flow Statement.

Particulars	Note. No.	31st March, 2022	31st March, 2021
I. EQUITY AND LIABILITIES:
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus		8,00,000 1,70,000	6,75,000 91,000
(3) Current Liabilities (a) Short-term Borrowings (b) Trade Payables (c) Short-term Provision		88,000 1,00,000 34,000	66,000 70,000 26,000
Total		11,92,000	9,28,000
II. ASSETS:
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment		3,75,000	5,00,000
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash & Cash Equivalents (d) Other Current Assets		4,00,000 3,82,000 10,000 25,000	2,50,000 1,55,000 3,000 20,000
Total		11,92,000	9,28,000

Notes to Accounts:-

	31.3.2022 (₹)	31.3.2021 (₹)
(1) Short-term Borrowings:- Bank Overdraft	88,000	66,000
(2) Short term Provision: Taxation Provision	34,000	26,000
(2) Property, Plant and Equipment Land Plant	1,50,000 2,25,000	2,00,000 3,00,000
	3,75,000	5,00,000

Additional Information:-

(1) Interim Dividend paid during the year ₹ 60,000.

(2) Land was sold at a gain of ₹ 30,000.

(3) Plant of the book value of ₹ 20,000 was sold during the year at a loss of ₹ 8,000.

[Ans. Cash used in operating activities ₹ 1,72,000; Cash from Investing activities ₹ 92,000; and Cash from financing activities ₹ 87,000.]

Solution:-

Hints:

(1) Depreciation on Plant ₹ 55,000.

(2) Increase in Bank Overdraft will be treated as financing activity.

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