NCERT Solution - Chapter 6 : Cash Flow Statement -2, Class 12

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NCERT Solution - Chapter 6 : Cash Flow Statement -2, Class 12, Accountancy

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Q1 : Anand Ltd. arrived at a net income of Rs 5,00,000 for the year ended March 31, 2007. Depreciation for the year was Rs 2,00,000. There was a gain of Rs 50,000 on assets sold which was credited to profit and loss account. Bills Receivables increased during the year Rs 40,000 and Bills Payables also increased by Rs 60,000. Compute the cash flow operating activities by the indirect approach. Answer :

Accountancy for Class 12 (XII) - CBSE and NCERT Curriculum (http://edurev.in/cours es/3153_Accountancyfor-Class-12-XII-CBSEand-NCERT-Curriculum) 139 videos | 95 docs | 20 tests

Cash Flow from Operating Activities as on March 31, 2007

N E X T >

Amoun

Amount

t

Particulars

(http://edurev.in/studytube/NCERTSolution-Chapter-6-Cash-FlowStatement-3-Class-12Accountancy/e09fb8b7-db0c-4863-97b069aeeb204957_t)

Rs

Rs





Net Profit during the year



5,00,000

Items to be adjusted:





NCERT Solution - Chapter 6 : Cash Flow Statement - 3, Class 12, Accountancy (http://edurev.in/studytube/NCERTSolution-Chapter-6-Cash-FlowStatement-3-Class-12Accountancy/e09fb8b7-db0c-486397b0-69aeeb204957_t) Doc | 61 pages

2,00,00



Add: Depreciation



Less: Gain on sale of assets



0 (50,000

Chapter Notes - Cash Flow Statements - Accountancy, Class 12 (http://edurev.in/studytube/ChapterNotes-Cash-Flow-StatementsAccountancy-Class-12/5dd2c0fd-e7ca4a7c-88ad-eb31bff3fc97_t)

1,50,000

)

Doc | 9 pages

Operating Profit before Working Capital changes



6,50,000 < P R E V IO U S



Add: Increase in Bills Payable



Less: Increase in Bills Receivable

60,000



(40,000

20,000

)

Net Cash from Operations

(http://edurev.in/studytube/NCERTSolution-Chapter-6-Cash-FlowStatement-1-Class-12Accountancy/82dc33df-1faa-4e5f-b21644919f2ba240_t)



NCERT Solution - Chapter 6 : Cash Flow Statement - 1, Class 12, Accountancy (http://edurev.in/studytube/NCERTSolution-Chapter-6-Cash-FlowStatement-1-Class-12Accountancy/82dc33df-1faa-4e5f-b21644919f2ba240_t)

6,70,000



Doc | 8 pages

Q2 : Describe the procedure to prepare Cash Flow Statement. Answer : The procedure to prepare Cash Flow Statement is described in the following steps in their chronological order. Step 1: Ascertain the cash flows from operating activities

Doc | 48 pages

Step 2: Ascertain the cash flows from investing activities Step 3: Ascertain the cash flows from financing activities Step 4: Ascertain net increase or decrease by summing up the amounts of Steps 1, 2, and 3. Step 5: Write the opening balance of cash and cash equivalents and deduct it from the amount ascertained in Step 4. The resulting figure arrived is the Closing Balance of Cash and Cash Equivalents. There are two methods viz. Direct Method and Indirect Method for the preparation of Cash Flow Statement. Direct Method Cash Flow Statement

Particulars



A

Cash Flow from Operating Activities

.

Chapter 6 - Cash Flow Statements, NCERT Textbook of CBSE Class 12 Accountancy (http://edurev.in/studytube/Chapter-6Cash-Flow-Statements-NCERTTextbook-of-CBSE-Class-12Accountancy/6c301291-9f87-4ef3bd70-3238ef1c92c6_p)

Amou

Amou

nt

nt

Rs

Rs







Cash Sales

**





Cash receipt from Debtors

**



Preparation of Cash flow Statement Class 12, Accountancy (http://edurev.in/studytube/Preparation -of-Cash-flow-Statement-Class-12Accountancy/4233174d-a0c3-42a0a4fe-9b455dbcbe5b_v) Video | 03:08 min

Ascertainment of Cash Flow from Financing Activities - Class 12, Accountancy (http://edurev.in/studytube/Ascertainm ent-of-Cash-Flow-from-FinancingActivities-Class-12Accountancy/0e835cef-f552-4b7d8dd7-0e7480a03e63_v) Video | 03:55 min

R E L A T E D T E S T S

Cash Flow Statement - Class 12 Accountancy (Practice Test 1) (/course/quiz/-1_test/a8e644c7-f2a140d8-8c5d-a28edca04321) Test | 10 questions





Less: Cash Purchases

**



Cash Flow Statement - Class 12 Accountancy (MCQ Test 1) (/course/quiz/-1_test/ea793343-f5b84eba-85e2-532de41aefc6)





Cash paid to creditors and other expenses

**



Test | 20 questions | 20 min



Electrochemistry (Chapter Test Medical) (/course/quiz/-1_test/b60ff282d566-4949-875c-a0836bd344d3)







Cash Generated from Operating Activities Less: Income Tax Paid





**



**

Cash flow before Extraordinary Items

**



Test | 20 questions | 30 min

Mole Concept (Chapter Test - Medical) (/course/quiz/-1_test/b4474980-ebad4450-bcb7-c126cd111ba1) Test | 20 questions | 30 min





Add/Less: Extraordinary Items

**







Net Cash Flow from (used in) Operating Activities

**

**

Chemical Equilibrium ( Chapter Test Medical) (/course/quiz/-1_test/627194f5-6e454817-bafc-7afba6bea97a) Test | 20 questions | 30 min









R E L A T E D S E A R C H E S

B

Cash Flow from Investing Activities

.

**

video lectures, Viva Questions, study material, Objective type Questions, Im



Sale of Fixed Assets

**



portant questions, MCQs, Semester N otes, Sample Paper, shortcuts and tric



Sale of long-term Investments



**

Interest Received

**



ks, Free, Class 12, Exam, Accountanc y, past year papers, NCERT Solution Chapter 6 : Cash Flow Statement -2, pdf , Extra Questions, Previous Year Questions with Solutions, mock tests f



Dividend Received

**



or examination, Class 12, ppt, Class 1 2, Accountancy, NCERT Solution - Ch



Rent Received

**



apter 6 : Cash Flow Statement -2, NC ERT Solution - Chapter 6 : Cash Flow Statement -2, Summary, Accountancy





Less: Purchase of Fixed Assets

**







Less: Purchase of long-term Investment

**



Net Cash Flow from Investing Activities

**

**





Cash Flow from Financing Activities





Proceeds from Issue of Shares

**



**



**







C .



Proceeds from Issue of Debentures and Other Long-term



Borrowings Less: Repayment of Debentures and Other Long-term









Less: Redemption of Preference Shares

**







Less: Interest Paid

**







Less: Dividend Paid

**



**

**



**



**



Borrowings

Net Cash flow from Financing Activities Net Increase (or Decrease in Cash and Cash Equivalents



(A+B+C) Cash and Cash Equivalents at the beginning (Cash in Hand,



Cash at Bank, Marketable Securities, Short-term Deposits)

Cash and Cash Equivalent at the end



**









Show more N E X T >

(http://edurev.in/studytube/NCERT-Solution-Chapter-6-Cash-Flow-Statement-3-Class-12-Accountancy/e09fb8b7-db0c-4863-97b069aeeb204957_t) NCERT Solution - Chapter 6 : Cash Flow Statement - 3, Class 12, Accountancy (http://edurev.in/studytube/NCERT-SolutionChapter-6-Cash-Flow-Statement-3-Class-12-Accountancy/e09fb8b7-db0c-4863-97b0-69aeeb204957_t) Doc | 61 pages

Chapter Notes - Cash Flow Statements - Accountancy, Class 12 (http://edurev.in/studytube/Chapter-Notes-Cash-Flow-StatementsAccountancy-Class-12/5dd2c0fd-e7ca-4a7c-88ad-eb31bff3fc97_t) Doc | 9 pages

< P R E V IO U S (http://edurev.in/studytube/NCERT-Solution-Chapter-6-Cash-Flow-Statement-1-Class-12-Accountancy/82dc33df-1faa-4e5f-b21644919f2ba240_t) NCERT Solution - Chapter 6 : Cash Flow Statement - 1, Class 12, Accountancy (http://edurev.in/studytube/NCERT-SolutionChapter-6-Cash-Flow-Statement-1-Class-12-Accountancy/82dc33df-1faa-4e5f-b216-44919f2ba240_t) Doc | 8 pages

Chapter 6 - Cash Flow Statements, NCERT Textbook of CBSE Class 12 Accountancy (http://edurev.in/studytube/Chapter-6-CashFlow-Statements-NCERT-Textbook-of-CBSE-Class-12-Accountancy/6c301291-9f87-4ef3-bd70-3238ef1c92c6_p) Doc | 48 pages

Preparation of Cash flow Statement - Class 12, Accountancy (http://edurev.in/studytube/Preparation-of-Cash-flow-Statement-Class12-Accountancy/4233174d-a0c3-42a0-a4fe-9b455dbcbe5b_v) Video | 03:08 min

Ascertainment of Cash Flow from Financing Activities - Class 12, Accountancy (http://edurev.in/studytube/Ascertainment-of-CashFlow-from-Financing-Activities-Class-12-Accountancy/0e835cef-f552-4b7d-8dd7-0e7480a03e63_v) Video | 03:55 min

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SH A R ED B Y

Nipun Tuteja (/1426287?public…

Oct 31, 2016



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NCERT Solution - Chapter 6 : Cash Flow Statement -2, Class 12

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