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cbse 12th Standard Accountancy Cash Flow Statement Important Questions And Answers Study Material - QB365 Set A

Published on: 25/10/2025

Question Set A

cbse 12th Standard Accountancy Cash Flow Statement Important Questions And Answers Study Material - QB365

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Std: 12th Standard CBSE - Accountancy

chapter: Cash Flow Statement - Important Questions And Answers

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Questions:

Following Particular are taken from note to accounts to the Balance Sheets of Vijay Ltd. as on 31.03.2014 and 31.03.2015. Prepare a Cash Flow Statement.

Particulars	31.03.2015 Rs.	31.03.2014 Rs.
I. Equity and liabilities
Share Capital	10,00,000	7,50,000
Reserves and Surplus (Balance in Statement of Profit and Loss)	1,50,000	Nil
Current lianilities :
Trade Payables	2,00,000	1,50,000
Short-term Provisions (Proposed Dividend)	1,00,000	50,000
Total	14,50,000	9,50,000
II. Assets
Fixed Assets-Tangible	9,00,000	6,00,000
Current Assets	5,50,000	3,50,000
Total	14,50,000	9,50,000

Additional Information :
(i) During the year, Rs. 50,000 depreciation was charged on fixed tangible assets.
(ii) A piece of machinery included in fixed assets, costing Rs. 10,000 in which depreciation charged was Rs. 4,000 sold for Rs. 5,000

The balance sheets of SD Ltd was as follows

Particulars	31st March, 2014 Amt (RS)	31st March, 2015 Amt (RS)
I. Equity and liabilities
1. Shareholders' Funds
(a) Share Capital	1,00,000	1,40,000
(b) Reserves and Surplus (Balance of statement of of profit and loss)	18,000	30,000
2. Non - current Liabilities
12% Debentures	-	20,000
3. Current Liabilities
(a) Bills Payable	37,000	42,000
(b) Short - term Provision (Provision for taxation)	10,000	15,000
Total	1,65,000	2,47,000
II. Assets
1. Non - current Assets
Fixed Assets	93,000	1,66,000
2. Current Assets
(a) Stock	22,000	26,000
(b) Trade Receivables (Debtors)	26,000	10,000
(c) Bills Receivables	10,000	15,000
(d) Cash at Bank	14,000	30,000
Total	1,65,000	2,47,000

Additional Information
(i) Dividend of RS. 2,500 was paid during the year 2014 -15.
(ii) Income tax RS. 10,000 was paid during the year 2014 - 15.
(iii) Fresh debentures were issued on 31st March, 2015.
Prepare a cash flow statement as per AS - 3 (Revised).

Which values are reflected by a business in preparing a cash flow statement?

Payment of salary to staff is classified or shown as operating activity for both non-finance and finance company.Do you agree?

State one objective of cash flow statement.

What do you mean by cash equivalent?

Under which type of activity will you classify 'commission and royalty received' while preparing cash flow statement?

From the following Balance Sheets of Ranjan Ltd. prepare Cash Flow Statement:

Liabilities	2001	2002	Assets	2001	2002
Equity Share Capital	1,50,000	2,00,000	Goodwill	36,000	20,000
12% Pre. Share Capita	75,000	50,000	Building	80,000	60,000
General Reserve	20,000	35,000	Plant	40,000	1,00,000
Profit and Loss A/c	15,000	24,000	Debtors	1,19,000	1,54,500
Creditors	37,500	49,500	Stock	10,000	15,000
		Cash	12,500	9,000
	2,97,500	2,58,500		2,97,500	3,58,500

Depreciation charged on plant was Rs. 10000 and building Rs.60000.

From the following prepare cash flow statement as per AS-3

Particulars	Amt(Rs.)	Amt(Rs.)	Particulars	Amt(Rs.)	Amt(Rs.)
Liabilities	2010	2011	Assets	2010	2011
Share Capital	2,88,000	3,20,000	fixed Assests	2,40,000	4,00,000
Reserves And Surpluses	64,000	80,000	Lets Accumlated Dep.	64,000	1,20,000
Bank Loan	80,000	60,000		1,76,000	2,80,000
creditors	2,48,000	2,40,000	Goodwill	64,000	56,000
bills payable		4,000	Inestments	72,000	88,000
Proposed Dividend	36,000	48,000	Stock	1,60,000	1,80,000
Income Tax Payable	20,000	24,000	Deptors	1,60,000	1,52,000
income Tax Payable	20,000	24,000	Deptors	1,60,000	1,52,00
			Bamk	1,04,000	20,000
	7,36,000	7,76,000		7,36,000	7,76,000

Additional information:
(i) During the year a part of the machinery costing Rs. 40,000 was sold for Rs. 20,000.
(ii) Depreciation provided during the year Rs. 80,000.
(iii) Interim Dividend paid during the year Rs. 20,000

10.

Which of the following is not considered as Cash Equivalents?

(a)

short term deposits in bank

(b)

commercial papers

(c)

treasury bills

(d)

investment

11.

Cash deposit with the bank with a maturity date after two months belongs to which of the following in the cash flow statement.

(a)

Investing activities

(b)

Financing activities

(c)

Cash and cash equivalents

(d)

Operating activities

12.

Purchase of building results in

(a)

inflow of cash

(b)

outflow of cash

(c)

no flow of cash

(d)

both inflow and outflow

13.

Payment of dividend is

(a)

investing activity

(b)

financing activity

(c)

operating activity

14.

Which of the following is not source of cash?

(a)

Issue of shares

(b)

Purchase of machinery

(c)

Sale of asset

(d)

Dividend received

15.

Which of the following is not application of cash?

(a)

Increase in debtors

(b)

Increase in Inventory

(c)

Increase in bills payable

(d)

Increase in prepaid expenses

16.

A Ltd engaged in the business retailing of Air-Conditioners, invested Rs. 25, 00,000 in the shares of a manufacturing company. Dividend received on this investment will be:

(a)

Cash flow from operating activities

(b)

Cash flow from Investing activities

(c)

Cash flow from Financing activities

(d)

Cash Equivalent

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Answers Key:

Net Cash from Operating Activities Rs. 1,51,000; Net Cash used in Investing Activities (Rs. 3,51,000); Net Cash from Financing Activities Rs. 2,00,000.
[Hint: Purchase of fixed tangible assets Rs. 3,56,000]

Cash flow from operating activities = RS. 31,500;
Cash used in investing activities = RS. 73,000;
Cash flow from financing activities = RS. 57,500.

Values reflected by a business in preparing cash flow statement are:
(i) Respect for law Business shows respect for law by preparing cash flow statement.
(ii) Cash management Business works towards better cash management by preparing cash flow statement.
(iii) Proactive approach Cash flow statement helps in anticipating future cash flows in advance and thus enables proactive attitude towards possible future contingencies.

Salary to staff is shown as operating activity for both finance and non-finance company because it is associated with the principal revenue producing activity of the business.

Helpful for short planning, for preparing cash budget.

Short-term highly liquid investments which are readily convertible into known amount of cash and which are subject to an insignificant risk of change in the value.

Commission and royalty received is an operating activity

CASH FLOW STATEMENT
for the year ended 31st December,2002
particulars's		Rs.	Rs.
A	Cash Flow from Operating Activities

B.	Net Profit before tax:
	closing Balanced of Profit and Loss A/c
	Closing Balance of Profit and Loss A/C	24,000
	Add: Transfer to General reserve	15,000
		39,000
	Less: opening Balance Of Profit and Loss A/c	15,000
	Net Profit before tax and extradionary items
	Adjustment for:
	Add: Depreciation on Plant	10,000
	Depreciation on Building	60,000
	Goodwill written off	16,000	86,000
	Operating Profit before working capital changes		1,10,000
	Adjustment for:
	Increase in creditors	12,000
	Increase in Debtors	(35,500)
	Increase in stock	(5,000)	(28,500)
	Net Cash from operating activities (A)`		81,500
B	Cash Flow from Investing Activities
	Purchase of Plant (Note 2)	(70,000)
	Purchase of Building (Note 1)	(40,000)
	Net cash used in investing activities (B)		(1,10,000)
C.	Cash Flow from financing Activities
	Issue of Equity Shares	50,000
	Redemption of 12% Preference Shares	(25,000)
	Net Cash from financing activities (C)		25,000
	Net decrease in cash and cash
	Equivalents (A+B+C)		(3,500)
	Cash and cash equivalents at the begining of the year		12,500
	Cash and cash equivalents at the close of the year		9,000

Working Notes

Dr BUILDING ACCOUNT Cr
Pariticular	Rs.	Particulars	Rs.
To Balance b/d	80,000	By Depreciation A/c	60,000
To Bank A/c	70,000	By,Balance c/d	60,000
	1,20,000		1,20,000

Dr PLANT ACCOUNT Cr
Particular	Rs.	Particulars	Rs.
To Balance b/d	40,000	By,Depreciation A/c	10,000
To Bank A/c	70,000	By Balance c/d	1,00,000
	1,10,000		1,10,000

Particulars		Amt(Rs.)	Amt9Rs.)
Cash Flow Statement for the year ended 2011
A Cash flow from operating activities:
Profit before Tax and Extraordinary items
Adjustments for :
Add: Depreciation
Goodwill Written off
Less: Profit on sale of Machinery
operating profit before working capital changes
Add : Decrease in current assets:
Debtors
Add: increase in current liability
Bills payable
Less : increase in current assets
Stock
less : Decrease in Current Activities
Creditors	8,000	(28,000)
cash from operating activities		1,76,000
Less Tax paid		(20,000)
Net cash flow from operating activities			1,56,000
B Cash flow from investing activities
sale of machinery		20,000
purchase of fixed assets		(2,00,000)
purchase of investment		(16,000)
Cash flow in investing activities			1,96,000
C: Cash flows from operating activities:
Issue of Share capital		32,000
Repayment of bank loan		(20,000)
payment of dividend
regular	36,000
interim	20,000	(56,000)
Cash used in financing activities			(44,000)
A+B+C=			(84,000)
Add cash and cash equivalents at the beginning			1,04,000
cash and cash equivalents at the end			20,000