Q. 46 DK Goel Cash Flow Statement Solutions Class 12 CBSE (2024-25)

Solution of question number 46 of Cash Flow Statement chapter 7 of DK Goel Class 12 CBSE (2024-25)

Following is the Balance Sheet of Akash Ltd. as at 31.3.2014:

Particulars	Note. No.	31st March, 2023	31st March, 2022
I. EQUITY AND LIABILITIES:
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus		15,00,000 2,50,000	14,00,000 1,10,000
(2) Non-Current Liabilities: Long-term Borrowings		2,00,000	1,25,000
(3) Current Liabilities (a) Short term borrowings (b) Trade Payables (c) Short term Provisions		12,000 15,000 18,000	10,000 83,000 11,000
Total		19,95,000	17,39,000
II. ASSETS:
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Machinery) (ii) Intangible Assets		18,60,000 50,000	16,10,000 30,000
(2) Current Assets: (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash & Bank		8,000 37,000 26,000 14,000	5,000 59,000 23,000 12,000
Total		19,95,000	17,39,000

Notes to Accounts:-

	31.3.2023	31.3.2022
Reserves and Surplus: Surplus (Balance in Statement of Profit and Loss)	2,50,000	1,10,000
Short Term Borrowings Bank Overdraft	12,000	10,000
Short term Provisions Provision for Tax	18,000	11,000
Property, Plant and Equipment Machinery Accumulated Depreciation	20,00,000 (1,40,000)	17,00,000 (90,000)
Intangible Assets Patents	50,000	30,000

Additional Information:-

(i) Tax paid during the year amounted to ₹ 16,000.

(ii) Machine with a net book value of ₹ 10,000 (Accumulated Depreciation ₹ 40,000) was sold for ₹ 2,000.

Prepare Cash Flow Statement.

[Ans. Cash from Operating Activities ₹ 1,96,000; Cash used in Investing Activities ₹ 3,68,000; and Cash from Financing Activities ₹ 1,77,000.]

Solution:-

Hints:

(i) Provision for Tax made during the year ₹ 23,000.

(ii) Net Profit before Tax ₹ 1,63,000.

(iii) Purchase of Machinery ₹ 3,50,000.

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