Q. 48 DK Goel Cash Flow Statement Solutions Class 12 CBSE (2024-25)

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Solution of question number 48 of Cash Flow Statement chapter 7 of DK Goel Class 12 CBSE (2024-25)

Following is the Balance Sheet of Mevanca Limited as at 31st March, 2022: Prepare Cash Flow Statement when Cash Flow from Financing Activities is ₹ 2,12,500.

Notes to Accounts:-

31.3.202331.3.2022
Reserves and Surplus:
Surplus (Balance in Statement of Profit and Loss)
25,0001,20,000
Long Term Borrowings
10% Long-term Loan
80,00060,000
Short term Provisions
Provision for Tax
68,00070,000
Property, Plant and Equipment
Machinery
Accumulated Depreciation
3,84,000
(48,000)
2,15,000
(23,000)
3,36,0001,92,000

Additional Information:-

(i) Additional loan was taken on 1st July, 2021.

(ii) Tax of ₹ 53,000 was paid during the year.

(iii) Machinery of the book value of ₹ 80,000 (Accumulated Depreciation ₹ 20,000) was sold at a loss of ₹ 18,000.

[Ans. Cash used in operating activities ₹ 29,500; Cash used in Investing Activities ₹ 2,07,000.]

Solution:-

Hints: (1) Machine with book value of ₹ 80,000 (Accumulated Depreciation ₹ 20,000) has been sold. In other words, machine costing ₹ 1,00,000 has been sold.

(2) Machinery purchase ₹ 2,69,000; Current year’s Depreciation ₹ 45,000.

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