Q. 74 DK Goel Cash Flow Statement Solutions Class 12 CBSE (2024-25)

Solution of question number 74 of Cash Flow Statement chapter 7 of DK Goel Class 12 CBSE (2024-25)

From the following Balance Sheets of Godrej Ltd. You are required to prepare Cash-Flow Statement.

Particulars	Note. No.	31st March, 2023	31st March, 2022
I. EQUITY AND LIABILITIES:
(1) Shareholder’s Funds: (a) Share Capital (b) Reserves & Surplus		3,30,000 25,000	3,00,000 30,000
(2) Non-Current Liabilities Long-term Borrowings		25,000	40,000
(2) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables (c) Short-term Provisions		5,000 97,000 30,000	— 1,24,000 24,000
Total		5,12,000	5,18,000
II. ASSETS:
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Machinery) (ii) Intangible Assets (b) Non-Current Investments		2,60,000 7,500 64,000	2,00,000 60,000 50,000
(2) Current Assets: (b) Inventory (c) Trade Receivables (d) Cash & Cash Equivalents		62,500 98,000 20,000	70,000 1,30,000 8,000
Total		5,12,000	5,18,000

Notes to Accounts:-

	31.3.2023	31.3.2022
(1) Short-term Borrowings: Bank Overdraft	5,000	—
(2) Short-term Provision: Taxation Provision	30,000	24,000
(3) Intangible Assets: Goodwill Patents	— 7,500	50,000 10,000
	7,500	60,000

Additional Information:-

(I) Machinery whose original cost was ₹ 50,000k (accumulated depreciation thereon being ₹ 32,000) was sold for ₹ 10,000.

(II) Depreciation on Machinery charged during the year was ₹ 25,000.

(III) Non-Current Investments costing ₹ 20,000 were sold for ₹ 32,000 during the year.

(IV) Interest paid on long-term borrowings amounted to ₹ 3,000.

[Ans. Cash from Operating activities ₹ 90,000; Cash used in investing activities ₹ 95,000; Cash from financing activities ₹ 17,000. Purchase of Machinery ₹ 1,03,000.

Solution:-

Notes:-

(1) Patents are assumed to be written off.

(2) Bank overdraft is treated as financing activity.

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