(All India 2013) (ii) Interest paid on debentures. (All India 2011; Delhi 2011 C) During the year, equipment costing Rs 1,00,000 was purchased. Effects of hyperinflation 21. Additional Information (Delhi 2013) 51.Prepare a cash flow statement on the basis of the information given in the balance sheet of Simco Ltd as at 31st March, 2013 and 2012 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. The study materials at TopperLearning are designed to give you clarity of the concepts that you study in class. There will be no flow of cash because depreciation is a non-cash expense. The income statement shows that last year’s profits were $1,000. (Foreign 2011; HOTS) Exams are coming! It is simply a movement between two components of cash and cash equivalents. 67.From the following balance sheet of EF Ltd as on 31st March, 2006 and 31st March, 2007, prepare the cash flow statement The questions provided in TS Grewal-II (2019) Books are prepared in accordance with CBSE, thus holding higher chances of appearing on CBSE question papers. CBSE Notes CBSE Notes Accountancy NCERT Solutions Accountancy. Accounting Project Presentation - Cash Flow Statement. The Revised Accounting Standard-3 has made it […] Ans. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. 47.’Dividend paid by a manufacturing company’ is classified under which kind of activity while preparing a cash flow statement? Cash flow statement provides information on a firm's liquidity and solvency. Loss on sale of equipment amounted to Rs 12,000. iv. 57.From the following balance sheet of Vijaya Ltd as at 31st March, 2009 and 2010. Operating activity is the principal revenue producing activity of an enterprise whereas, financing activity are those activities which change the size and composition of owner’s equity and borrowings of an enterprise. Ans. 52.Following is the balance sheet of Wisben Ltd as on 31st March, 2012 Corporate Financial Modeling & Decision Tools FIN 4510 – Fall 2019 Tuesdays and Thursdays 8:00 – 9:35 a.m. Class 3: NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12, CBSE NotesCBSE Notes AccountancyNCERT Solutions Accountancy, 1. Cash flow from investing activities are exhibited as follows: This chapter explains the meaning, purpose and preparation of Cash Flow Statements. Ans. It shows net income of the firm. It implies movement-in and movement-out of cash and cash equivalents. Also, it is not possible to compute net profit or loss from the cash flow statement. 242 Accountancy : Company Accounts and Analysis of Financial Statements 6.5.1 Cash from Operating Activities (i)Depreciation charged on fixed assets for the year 2009-2010 was Rs 20,000. 2.Cash Flows Cash flows are inflows and outflows of cash and cash equivalent. TS Grewal Solutions for Class 12 is considered to be the most helpful study resource for the students pursuing their Class 12. Ans. (ii) Useful inefficient cash management. 12. 2. (All India 2013) Ans. (iii)Helpful in formulation of business policies. 6 Marks Questions Download CBSE Class 12 Accountancy Syllabus 2019-20 (Revised & Reduced By 30%) in PDF format. 28.Name any two investing activities that result into inflow of cash. 39.When is dividend received considered as an operating activity? Class 12 Accountancy Revision Notes Chapter 5 Cash flow statement Meaning: It is a statement that shows flow (Inflow or outflow) of cash and cash equivalents during a given period of time. 11.State with reason whether ‘purchase of fixed asset on long-term deferred payment’ would result in inflow, outflow or no flow of cash. 55.From the following balance sheet of BCR Ltd as at 31st March, 2010 and 2011. 6.Cash Flow from Operating Activities Operating activities are the principal revenue producing activities of the enterprise and other activities that are not investing or financing activities. Ans. Ans. At the time of preparing cash flow statement, ‘cash receipts from sale of goods by a trading company’ will come under operating activity because sale of goods is the main revenue producing activity for a trading company. 1 Page(s). Cash flow represents only net cash inflow or outflow of cash. Additional Information Ans. 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. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 12 Comparative Statements. MCQ Questions for Class 12 Accountancy with Answers were prepared based on the latest exam pattern. (Compartment 2014) Chapter 1 Financial Statements of Companies (As per Schedule III) Chapter 2 Financial Statements Analysis. Ans. Important Questions for CBSE Class 12 Accountancy Cash Flow Statement. (ii)An interim dividend Rs 7,000 has been paid to the shareholders during the year. (iii)Cash flow from financing activities. Ans. 35.Give any two transactions which result into ‘inflow of cash’. View Class 3 September 12 2019 (1).pdf from MB 338 at Skidmore College. 23.State with reason whether ‘deposit of cash into bank’ will result into, inflow,outflow or no flow of cash. Additional Information (All India 2014) Kajal Garg. Students can solve NCERT Class 12 Accountancy Comparative Statements MCQs Pdf with Answers to know their preparation level. (Delhi 2010 c) 48.State whether ‘depreciation charged by a company’ will result into inflow, outflow or no flow of cash. An income statement shows both cash and non-cash items. 1 Mark Questions Additional Information Interest received is never considered as a financing activity. (Delhi 2013) The statement usually breaks down the 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: Understand the cash flow statement for Alphabet Inc. (GOOGL), learn where the money comes from and how the company spends it. Ans. Particulars. (ii)Income tax Rs 5,000 has been paid in advance during the year. (Delhi 2009; All India 2009) ACTG 2010 Lecture Notes - Lecture 12: Cash Flow Statement, Cash Flow. (vi)Sale of securities (vii) Purchase of securities cash flow statement to assess the impact of these activities on the financial position of an enterprise and also on its cash and cash equivalents. Events after the balance sheet date Statutory Auditor’s Report – Report on the Audit of the Consolidated Financial Statements (vii)Premiums and claims received (viii) Premiums and claims paid Free courses. Prepare a cash flow statement Telematics presentation in collaboration with the University of Stellenbosch Financing activity. 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. Guarantees 20. Ans. Investing activity. These solutions for Class 12 are outlined keeping in mind the current CBSE syllabus, hence possessing a great chance of appearing in the board examinations. Additional Information (i)Useful in short-term financial planning. Updated November 20, 2019 The cash flow statement is one of the three financial statements a business owner uses in cash flow analysis. (All India 2014) (Delhi 2010) of accounting whereas cash flow statement is prepared on cash basis. (All India 2013) (Delhi 2009 C; Modified) Operating activity. Additional Information 45.State whether ‘conversion of debentures into equity shares’ by a financing company will result into inflow, outflow or no flow of cash? Profit as per Statement of Profit and Loss (1,70,000 - 1,00,000) 70,000 . (All India 2011; Modified) (v)Cash flow statement is not a substitute for income statement. NCERT Solutions for Class 12 Commerce Accountancy Chapter 6 Cash Flow Statement are provided here with simple step-by-step explanations. Additional Information Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project Kindly Sign up for a personalised experience. 46.State whether ‘the payment of cash to creditors’ will result into inflow, outflow or no flow Of cash. Ans. The indirect method for the preparation of the statement of cash flows involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities. Class Notes. Accountancy, Business … All the solutions of Cash Flow Statements - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Ans. (i)During the year, machine costing Rs 80,000 was sold for Rs 50,000. The cash flow reflects the increase in income and expenses. (i)During the year ? Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 11 Cash Flow Statement with Answers Pdf free download. During the year, Rs 1,40,000 depreciation was charged on fixed assets. Ans. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Ans. 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. Ans. Annual cash flow by MarketWatch. (Delhi 2013) How Cash Flow is Calculated? For a Finance Company NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12. For a Real Estate (Infrastructure) Company ‘Deposit of cash into bank’ does not result in cash flow. Ans. (Delhi 2009; All India 2009) (All India 2011) myCBSEguide has just released Chapter Wise Question Answers for class 12 Accountancy. Ans. 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. Ans. cash flow statement is to provide useful information about cash flows (inflows and outflows) of an enterprise during a particular period under various heads, i.e., operating activities, investing activities and financing activities. the fourth general-purpose financial statement and summarizes how changes in balance sheet accounts affect the cash account during the accounting period 4.State the purpose or objective of preparing a cash flow statement. Taxes 14. DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 6 Cash Flow Statement (As per AS – 3 Revised) which is outlined by expert Accountancy teachers from the latest version of DK Goel Accountancy Class 12 textbook solutions. 24.List any two investing activities which result into outflow of cash. 21.While preparing cash flow statement which type of activity is, ‘payment of cash to acquire debenture by an investment company’? No flow of cash because no cash is involved in this transaction. 12.Under which type of activity will you classify ‘refund of income tax received’ while preparing the cash flow statement? (All India 2014 (C), 2009) During the year machine costing Rs 50,000 was sold for Rs 15,000. Dividend paid Rs 20,000. Cash Flow Statement Class 12 Accountancy Practice Questions. 14.State with reason whether ‘discount received on making payment to suppliers’ would result into inflow, outflow or no flow of cash. As per Accounting Standard-3 (Revised) the changes resulting in the flow of cash & cash equivalent arises on account of three types of activities i.e., Cash Flow Statement. Ans. 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. Ans. (iv)Transfer to general reserve Rs 14,000. 29.State with reason whether ‘withdrawal of cash from bank’ will result into, inflow,outflow or no flow Of cash. IAS 7 requires an entity to present a statement of cash flows as an integral part of its primary financial statements. Ans. 5. (ii)A piece of machinery included in fixed assets costing Rs 20,000 on which depreciation charged was Rs 8,000, was sold for Rs 10,000. ‘Payment of dividend’ is classified as ‘financing activity’ while preparing a cash flow statement. Receipt of cash from a non-cash item is termed as ‘cash inflow’, while cash payment in respect of such item is termed as ‘cash outflow’. Ans. Dec 24, 2019 - Cash Flow Statement – CBSE Notes for Class 12 Accountancy CBSE NotesCBSE Notes AccountancyNCERT Solutions Accountancy 1. It also reconciles beginning and ending cash and cash equivalents account balances. 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