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.
