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DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 6 Cash Flow Statement
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Question 1
Classify the following into:
- Operating activities
- Investing activities
- Financing activities
- Cash equivalents, while preparing a cash flow statement
- Cash sales
- Cash received from trade receivables
- Purchase of building
- Sale of building
- Issue of share capital or Debentures
- Buy-back of equity shares
- Dividend paid
- Interest paid on Debentures or Long-term loans by (a) Finance company (b) Non-finance company
- Cash purchases
- Cash paid to trade payables
- Redemption of debentures and preference shares
- Repayment of Long-term loan
- Office expenses
- Selling and distribution expenses
- Manufacturing expenses
- Purchase of goodwill
- Sale of patents
- Purchase of investments
- Sale of investments by (a) Finance company (b) Non-finance company
- Commission and royalty received
- Interest received on investments by (a) Finance company (b) Non-finance company
- Dividend received on shares by (a) Finance company (b) Non-finance company
- Rent paid
- Rent received if (a) Company’s main business is property business (b) Other business
- Income tax paid
- Income tax refund received
- Bank balance
- Short-term deposits in the bank
- Investment in the short term or marketable securities
Solution:
- Operating activities:
- Cash sales
- Cash received from trade receivables
- Interest paid on Debentures or Long-term loans by (a) Finance company
- Cash purchases
- Cash paid to trade payables
- Office expenses
- Selling and distribution expenses
- Manufacturing expenses
- Sale of investments by (a) Finance company
- Commission and royalty received
- Interest received on investments by (a) Finance company
- Dividend received on shares by (a) Finance company
- Rent paid
- Rent received if (a) Company’s main business is property business
- Income tax paid
- Income tax refund received
- Investing activities:
- Purchase of building
- Sale of building
- Purchase of goodwill
- Sale of patents
- Purchase of investments
- Sale of investments by (b) Non-finance company
- Interest received on investments by (b) Non-finance company
- Dividend received on shares by (b) Non-finance company
- Rent received if (b) Other business
- Financing activities:
- Issue of share capital or Debentures
- Buy-back of equity shares
- Dividend paid
- Interest paid on Debentures or Long-term loans by (b) Non-finance company
- Redemption of debentures and preference shares
- Repayment of Long-term loan
- Cash Equivalents:
- Bank balance
- Short-term deposits in the bank
- Investment in the short term or marketable securities
Question 2
The following is the position of current assets and current liabilities of A Ltd.
31.3.2018
₹ |
31.3.2019
₹ |
|
Provision for doubtful debts | 1,000 | – |
Short-term loans | 10,000 | 19,000 |
Creditors | 15,000 | 10,000 |
Bills payable | 20,000 | 40,000 |
The company incurred a loss of ₹. 45,000/- during the year. Calculate cash from operating activities.
Solution:
CALCULATION OF CASH FROM OPERATING ACTIVITIES
For the year ended 31st March 2019
₹ | ₹ | |
Net loss for the year | (45,000) | |
Adjustments for non-cash and non-operating items: | ||
Less: Decrease in provision for doubtful debts | (1,000) | |
46,000 | ||
Operating loss before working capital changes | ||
Add: Increase in current liabilities: | ||
Bills payable | 20,000 | |
(26,000) | ||
Less: Decrease in current liabilities: | ||
Creditors | (5,000) | |
Cash used (or lost) in Operating Activities | (31,000) |
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