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Accountancy · 2024 · 6 marks
Cash Flow StatementAscertainment of Cash Flow from Investing and Financing Activities6 markslong answer
CBSE 2024 · Region 3 · Set 1 · Q34
Calculate Cash Flows from Investing Activities from the following information : 31st March, $\displaystyle 2023$ 31st March, $\displaystyle 2022$ Particulars (<) (<) Plant and Machinery $\displaystyle 4,10,000$ $\displaystyle 3,00,000$ Goodwill $\displaystyle 1,80,000$ $\displaystyle 80,000$ Additional Information : (a) A machine costing ₹ $\displaystyle 85,000$ (depreciation provided thereon ₹ $\displaystyle 15,000$) was sold for ₹ $\displaystyle 62$,000. Depreciation charged during the year amounted to ₹ $\displaystyle 48$,000. 'C $\displaystyle 7$ (b) Calculate ash Flows From Financing Activities from the following information : 31st March, $\displaystyle 2023$ 31st March, $\displaystyle 2022$ Particulars (<) (<) Equity Share Capital $\displaystyle 15,00,000$ $\displaystyle 10,00,000$ Bank Overdraft $\displaystyle 90,000$ $\displaystyle 1,20,000$ Loan from bank $\displaystyle 7,00,000$ $\displaystyle 6,00,000$ Additional Information : (i) Interest paid on bank loan amounted to ₹ $\displaystyle 60$,000. (ii) Dividend paid ₹ $\displaystyle 1,10$,000.
Marking-scheme solution
Dr. Machinery Account Cr.
Amount (`) Amount (`)
Particulars Particulars
To Balance b/d $\displaystyle 3,00,000$ By Depreciation A/c $\displaystyle 48,000$
By Bank A/c (sale) $\displaystyle 62,000$
By Statement of P/L (loss) $\displaystyle 8,000$
To Bank A/c (purchase) $\displaystyle 2,28,000$ By Balance c/d $\displaystyle 4,10,000$
$\displaystyle 5,28,000$ $\displaystyle 5,28,000$
Cash Flow from Investing Activities
Amount (`)
Particulars
Purchase of Machinery ($\displaystyle 2,28,000$)
Sale of Machinery $\displaystyle 62,000$
Purchase of Goodwill ($\displaystyle 1,00,000$)
Net Cash used in Investing Activities ($\displaystyle 2,66,000$)
(b)
Q. Calculate Cash Flow from Financing Activities …………………………
Ans.
Cash Flow from Financing Activities
Particulars Amount (`)
Issue of Equity Share Capital $\displaystyle 5,00,000$
Bank Overdraft Repaid $\displaystyle (30,000)$
Loan taken from Bank $\displaystyle 1,00,000$
Interest Paid on Bank Loan $\displaystyle (60,000)$
Dividend Paid ($\displaystyle 1,10,000$)
Net Cash Inflow from Financing Activities $\displaystyle 4,00,000$
.
PART B
OPTION – II
(COMPUTERISED ACCOUNTING)
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.