12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Economics Government Budget and the Economy Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Interface Python with MySQL - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Database Concept - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Communication - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Structures - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Functions - New Previous year Question Papers Study Material - QB365 Set A
Published on: 25/10/2025
Download CBSE Class 12th Standard CBSE Accountancy question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE Accountancy
Questions + Answers key
Take MCQ Accountancy Test
1.
List any two investing activities which result into outflow of cash.
2.
List any two items of operating activities, that are typical of and pertaining to Tyre Industry.
3.
When does a flow of cash takes place ?
4.
What is meant by cash equivalents ?
5.
What is meant by cash flow statement is prepared.
6.
(i) From given notes to accounts and cash flow statement of Radhika Ltd. Complete the missing figures.
| Particulars |
31.03.2014 Rs. |
31.03.2015 Rs. |
|
|---|---|---|---|
| 1. Share Capital : | |||
| Equity Share Capital | 3,00,000 | 4,00,000 | |
| Preference Share Capital | 1,50,000 |
1,00,000 |
|
| Total | 4,50,000 | 5,00,000 | |
| 2. Reserves and Surplus : | |||
| General Reserve | 40,000 | 70,000 | |
| Balance in Statement of Profit and Loss | 30,000 | 48,000 | |
| Total | 70,000 | 1,18,000 | |
| 3. Short-term Provisions : | |||
| Provision for Taxation | 40,000 |
50,000 |
|
| Proposed Dividend | 42,000 | 50,000 | |
| Total | 82,000 | 1,00,000 | |
| 4. Fixed Assets - Tangible : | 2,00,000 | 1,70,000 | |
| Building | 2,00,000 | 1,70,000 | |
| Plant | 80,000 | 2,00,000 | |
| Total | 2,80,000 | 3,70,000 | |
(ii)
Dr. Building A/c Cr.
| Particulars | Rs. | Particulars | Rs. |
|---|---|---|---|
| To Balance b/d | ..... | By Cash A/c (Balance Figure-Sale of building) | 50,000 |
| To Statement of Profit and Loss | By Balance c/d | ..... | |
| (Gain on sale of Building) | 20,000 | ||
| 2,20,000 | 2,20,000 |
| Particulars | Rs. | Particulars | Rs. |
|---|---|---|---|
| To Balancee b/d | ..... | By Depreciation A/c | 10,000 |
| By Cash A/c (Balancing Figure-Purchase of Plant) | 1,30,000 | By Balance c/d | ..... |
| 2,10,000 | 2,10,000 |
(iii) Calculation of profit before Tax :
| Profit after Tax | Rs. |
|---|---|
| Add : Provision for Tax | ..... |
| Proposed divided | ..... |
| Amount transferred to General Reserve | ..... |
| Profit before Tax | ..... |
| ..... |
Cash Flow Statement
for the year ended 31.03.2015
| Sr. No. | Particulars |
Details Rs. |
Total Rs. |
|---|---|---|---|
| A. | Cash Flows form (or Used in) Operating Activities : | ||
| Profit before Tax | ..... | ||
| Adjustment for : | |||
| Add : Goodwill written off | 25,000 | ||
| Depreciation on plant | ..... | ||
| Less : Gain on sale of Building | ..... | ||
| Operating Profit before Working Capital Changes | ..... | ||
| Add : Increase in Current Liabillities and Decrease in Current Assets : | |||
| Trade Payables | 24,000 | ||
| Less : Increase in Current Assets and Decrease in Current Liabilities : | |||
| Inventories | 82,000 | ||
| Less : Payment of Tax | ..... | ||
| Net Cash from Operating Activities | ..... | ..... | |
| B. | Cash Flows from / (used in) Investing Activities : | ||
| Sale of Building | ..... | ||
| Purchase of plant | ..... | ||
| Net Cash used in Investing Activities | ..... | ..... | |
| C. | Cash Flows from / (used in) Financing Activities : | ||
| Issue of Equity Shares | ..... | ||
| Redemption of Preference Shares | ..... | ||
| Payment of Dividend | ..... | ||
| Net Cash from Financing Activities | ..... | ..... | |
| D. | Net Decrease in Cash and Cash Equivalents (A + B + C) | ..... | |
| E. | Cash and Cash Equivalents - Opening Balance | 25,000 | |
| F. | Cash and Cash Equivalents - Closing Balance | 18,000 |
7.
Following particulars are extracted from notes to accounts to the Balance Sheets of Vijaya Ltd. as on 31-03-2011 and 31-03-2015. Prepare a Cash Flow Statement.
| Particulars |
Note No. |
31.03.2015 Rs. |
31.03.2014 Rs. |
|
|---|---|---|---|---|
| I. Equity and liabilities | ||||
| Share Capital | 1,30,000 | 90,000 | ||
| Surplus in Statement of Profit and Loss | 29,000 | 18,000 | ||
| General Reserve | 55,000 | 30,000 | ||
| Trade Payables | 22,000 | 17,400 | ||
| Total | 2,36,000 | 1,55,400 | ||
| II. Assets | ||||
| Fixed Assets - Tangible | 1,66,000 | 93,400 | ||
| Inventories | 26,000 | 22,000 | ||
| Trade Receivables | 39,000 | 36,000 | ||
| Cash and Cash Equivalents | 5,000 | 4,000 | ||
| Total | 2,36,000 | 1,55, | ||
Note : Bracket denotes minus items.
Additional Information :
(i) Depreciation charged on fixed tangible assets for the year 2014-2015 was Rs. 20,000.
(ii) Income Tax Rs. 5,000 has been paid in advance during the year.
8.
Following particulars are extracted from notes to accounts to the Balance Sheets of Varun Ltd. as on 31.03.2013 and 31.03.2014. Prepare a Cash Flow Statement.
| Particulars |
Note No. |
31.03.2014 Rs. | 31.03.2013 Rs. | |
|---|---|---|---|---|
| I. Equity and liabilities | ||||
| Share Capital | 1,50,000 | 1,25,000 | ||
| Balance in Statement of Profit and Loss | 75,000 | 60,000 | ||
| Bank Loan | 20,000 | - | ||
| Bills Payable | 35,000 | 20,000 | ||
| Trade Payables | 45,000 | 20,000 | ||
| Total | 3,25,000 | 2,55,000 | ||
| II. Assets | ||||
| Fixed Assets-Tangible | 30,000 | 20,000 | ||
| Non-current Investments | 10,000 | 15,000 | ||
| Inventory | 1,20,000 | 87,000 | ||
| Trade Receivables | 90,000 | 98,000 | ||
| Cash and Cash Equivalents | 75,000 | 35,000 | ||
| Total | 3,25,000 | 2,55,000 | ||
Additional Information :
(i) During the year 2013-2014, Rs. 15,000 depreciation was charged on fixed tangible assets.
(ii) Company has paid Rs. 12,000 interim dividend during the year.
9.
The profit of X Ltd. was Rs. 1,00,000 after considering the following items :
(a) Depreciation provided on Fixed Tangible Assets Rs. 20,000
(b) Patents written off Rs. 10,000
(c) Loss on sale of Furniture Rs. 1,000
(d) Provision for Taxation Rs. 1,60,000
(e) Transfer to General Reserve Rs. 14,000
(f) Profit on sale of Fixed Tangible Assets (Machinery) Rs. 6,000.
The following additional information is available to you:
| Items |
31.03.2014 Rs. |
31.03.2015 Rs. |
|---|---|---|
| Trade Receivables | 44,000 | 47,000 |
| Trade payables | 36,000 | 42,000 |
| Prepaid Expenses | 400 | 600 |
Calculate cash flows from operating activities.
1.
(i) Purchase of Machinery
(ii) Purchase of shares of another company etc.
2.
For Tyre Industry, operating activities will be (i) purchase of raw material, payment of wages, salaries and other manufacturing expenses like power, oil, factory rent etc. and (ii) sale of finished goods.
3.
If a transaction has resulted in change in cash or cash equivalents, a flow of cash arises.
4.
Cash equivalents are short-term highly liquid investments that can be easily convertible into known amount of cash and which are subject to an insignificant risk of change in value. e.g., short- term marketable securities, which can be readily converted into cash, are treated as cash equivalents.
5.
Cash flow statement is a statement that shows flow of cash and cash equivalents during a particular period, under each activity i.e. operating, investing and financing, separately.
6.
Profit before Tax Rs. 1,48,000 [Profit after Tax Rs. 18,000 + Provision for Tax Rs. 50,000 + Proposed Dividend Rs. 50,000 + Amount transferred to General Reserve Rs. 30,000]. Operating profit before working capital changes Rs. 1,63,000 Net Cash from operating Activities Rs. 65,000, Net Cash used in Investment activities (Rs. 80,000), Net Cash from financing activities Rs. 8,000.
7.
Net Cash from Operation Activities Rs. 53,600; Net Cash used in Investing Activities (Rs. 92,600); Net Cash from Finacing Activities Rs. 40,000.
[Hint. Purchase of fixed tangible assets Rs. 92,600].
8.
Net Cash from Operating Activities Rs. 27,000; Net Cash used in Investing Activities (Rs. 20,000); Net Cash from Financing Activities Rs. 33,000
[Hint : Purchase of fixed tangible assets Rs. 25,000].
9.
Operating Profit before working capital changes Rs. 2,99,000; Net Cash from Operating Activities Rs. 3,01,800.
12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Computer Science Python Revision Tour I - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Planning Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Business Environment Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Principles of Management Important Questions And Answers Study Material - QB365 Set A
NCERT Books
Syllabus
Exam Pattern
Sample Question Papers
Previous year Question Papers
Important Notes
MCQ Practice test
NCERT Exemplers
Case study Questions
Image Based Questions
Passage based Questions
HOT Questions
Value Based Questions
Model Questions Papers
NCERT ( Book Back ) Questions
Assertion and Reason
Important Questions And Answers
CBSE 12th Standard CBSE Subjects
CBSE Standards
