cash flow statement questions for class 12
Ans. During the year, Rs 1,40,000 depreciation was charged on fixed assets. Copies of these textbooks may be downloaded and used as textbooks or for reference. Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Accounts Cash flow statement. (i)Income tax paid during the year Rs 3,500. ACCOUNTANCY CASH FLOW STATEMENT www.topperlearning.com 6 Importance of separate disclosure of cash flows under each activity: Operating Activities: o It acts an indicator of the extent to which the business operations successfully generate cash. Prepare the cash flow statement(Delhi 2010 C; All India 2010; Modified) (ii) Cash proceeds from issue of debentures. 1.Cash Flow Statement Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. Amount (₹) Amount (₹) A. Ans. (Delhi 2009c) 3.Objectives of Cash Flow Statement Additional Information Ans. 8.State with reason whether the issue of 9% debentures to the vendors for the purchase of machinery of Rs 50,000 will result into inflow, outflow or no flow of cash. … 7.Cash Flow from Investing Activities As per AS-3, investing activities are the acquisition and disposal of the long-term assets and other investments, not included in cash equivalents. (ii) Investments purchased. Ans. 17.Under which type of activity will you classify ‘proceeds from sale of investment’ while preparing cash flow statement? Cash flow statement class 12 Notes Accountancy in PDF are available for free download in myCBSEguide mobile app. Ans. 59.From the following balance sheet and additional information of Good Wood Co, you are required to prepare the cash flow statement as per AS-3 (Revised). NCERT Solution For Class 12 Accountancy Chapter 6 – Cash Flow Statement provides us with an all-inclusive data to all the concepts. Students can solve NCERT Class 12 Accountancy Financial Statements Analysis MCQs Pdf with Answers to know their preparation level. Additional Information (All India 2011) (Delhi 2013) Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. (All India 2011; Delhi 2008) Ans. 6.What is meant by cash equivalents? Cash Flow Statement – CBSE Notes for Class 12 Accountancy. (i) Cash flow from operating activities. The Revised Accounting Standard-3 has made it mandatory for all listed companies to prepare and present a cash flow statement along with other financial statements on annual basis. ‘Conversion of debentures into equity shares’ does not result in cash flow. Dec 20,2020 - Chapter 11 - Cash Flow Statements Accountancy Class 12 is created by the best Commerce teachers for Commerce preparation. Ans. During the year machine costing Rs 50,000 was sold for Rs 15,000. Dividend paid Rs 20,000. (iii) Provision for taxation Rs 1,60,000. Cash flow represents only net cash inflow or outflow of cash. (iv)Transfer to general reserve Rs 14,000. (All India 2010) (i)During the year ? Ans. Ans. Cash Flow Statement: Questions 7-10 of 10. The entire NCERT textbook questions have been solved by best teachers for you. 13.When does the flow of cash take place? Ans. Ans. Ans. ‘Dividend paid by a manufacturing company’ is classified as a financing activity. Ans. (ii)Cash flow from investing activities. (All India 2012; Modified) Additional Information Cash Cash comprises of cash in hand and demand deposits with the bank. Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. (All India 2009; hots) Two financing activities that result into outflow of cash are: During the year, a piece of machinery of the book value of Rs 80,000 was sold for Rs 65,000. Cash equivalents mean short-term highly liquid investments that are readily convertible into known amount of cash and which are subjected to an insignificant risk of change in value. Cash flow arising from financing activities are exhibited as follows: Previous Years’Examination Questions (ii)An interim dividend Rs 7,000 has been paid to the shareholders during the year. Ans. Rs 18,000 depreciation was charged on equipment. Additional Information Ans. Ans. 20.Under which type of activity will you classify ‘commission and royalty received’while preparing cash flow statement? The cash flow statement is divided into three types of activities: operating activities, investing activities, and financing activities. (Foreign 2008) (Delhi 2009c) Ans. 10.Under which type of activity will you classify ‘dividend received by a finance company’ while preparing cash flow statement? ‘Cash from operating activities’ are the principal revenue producing activities of the enterprise and other activities that are not investing or financing activities. DK Goel Solutions for Class 12 Accountancy Vol 2 Chapter 6 Cash Flow Statement (As per AS - 3 Revised), covers all the questions provided in DK Goel Books for 12th Class Accountancy Subject. Ans. (All India 2013) It shows net income of the firm. (All India 2011; Delhi 2011 C) 5.Classification of Business Activities Accounting Standard-3 (Revised) requires that the changes resulting in inflows and outflows of cash and cash equivalents will be classified into following three activities: 43.’Cash receipts from sale of goods by a trading company’ will come under which activity while preparing cash flow statement? Additional Information Ans. 19.Give an example of the activity which remains financing activity for every enterprise. Cash flow from investing activities are exhibited as follows: 8.Cash Flow from Financing Activities Financing activities are the activities which result in change in the size and composition of the owner’s capital (including preference share capital) and borrowings (including debentures) of the enterprise from other sources. Separate disclosure of cash flows arising from financing activities is important because it is useful in predicting claims on future cash flows by providers of funds (both capital and borrowings) to the enterprise. (i)During the year Rs 50,000 depreciation was charged on fixed assets. 6 Marks Questions Additional Information 25.’Payment of dividend’ will come under which type of activity while preparing a cash flow statement? There is no flow of cash by the issue of 9% debentures to the vendors for the purchase of machinery of Rs 50,000 because this transaction will not change the balance of cash and cash equivalents. ‘Dividend received by a financing company’ is classified under operating activity because dividend received is the receipt from principal revenue producing activities of the business.
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