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cash flow statement questions for class 12

(All India 2011; Delhi 2011 C) Particulars. Operating activity. Ans. 30.Under which type of activity will you classify ‘issuing 9% debentures’ while preparing cash flow statement? Commission and royalty received is an operating activity. (i)Debentures were issued on 1st April, 2011. Ans. Profit as per Statement of Profit and Loss (4,80,000 – 3,75,000) 1,05,000 . 3.Objectives of Cash Flow Statement (All India 2011) (Foreign 2011; HOTS) Ans. 33.Interest received on debentures would result into inflow, outflow or no flow of cash. Our Class 12 Accountancy textbook solutions give students an advantage with practical questions. Why is a cash flow statement prepared? Additional Information Your email address will not be published. Download NCERT Class 12 Accountancy Cash Flow Statement 2 NCERT Book and other CBSE KVS Accountancy latest books free in pdf format chapter wise, NCERT Class 12 Accountancy Cash Flow Statement (2).Download NCERT Chapters and Books in pdf format. Check the below NCERT MCQ Questions for Class 12 Accountancy Chapter 11 Cash Flow Statement with Answers Pdf free download. Cash Cash comprises of cash in hand and demand deposits with the bank. Ans. (iv)Transfer to general reserve Rs 14,000. 36.Give one difference between an operating activity and an investing activity. 26.List any two financing activities that will result into outflow of cash. Proceeds from sale of investments is an investing 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. Easy to print and read. Ans. Additional Information Additional Information Cash inflow, because cash comes in due to interest received on debentures. The cash flow statement is divided into three types of activities: operating activities, investing activities, and financing activities. Included in fixed assets was a piece of machinery costing Rs 70,000 on which depreciation charged was Rs 40,000 and it was sold for Rs 30,000. Dividend received by a finance company is an operating activity. Dividend received is considered as an operating activity when company is a financing or investing company. 24.List any two investing activities which result into outflow of cash. Ans. 28.Name any two investing activities that result into inflow of cash. ‘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. Ans. 22.While preparing cash flow statement which type of activity is, ‘payment of cash to acquire shares by a trading company’? (All India 2012; Modified) Ans. It is a summary of sources and applications of cash during a specified period. Download free printable assignments worksheets of Accountancy from CBSE NCERT KVS schools, free pdf of CBSE Class 12 Accountancy Cash Flow Statement Set A chapter wise important exam questions and answers CBSE Class 12 Accountancy Cash Flow Statement Set A. Additional Information (i) Cash proceeds from sale of building. Ans. Ans. (All India 2014) (All India 2013) (ii)A piece of machinery included in fixed assets costing Rs 10,000, on which depreciation 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. (ii)Based on secondary data. 52.Following is the balance sheet of Wisben Ltd as on 31st March, 2012 42.State with reason whether charging of depreciation on furniture will result into inflow, outflow or no flow of cash. There is no flow of cash because purchase of goods on credit will not affect cash. (All India 2011) (All India 2010) For a Finance Company Prepare the cash flow statement. (i)Depreciation charged on fixed assets for the year 2009-2010 was Rs 20,000. (Delhi 2013; hots) Additional Information ‘Cash from operating activities’ are the principal revenue producing activities of the enterprise and other activities that are not investing or financing activities. These textbook solutions help students in exams as well as their daily homework routine. ‘Withdrawal of cash from bank’ does not result in cash flow. (Delhi 2009c) (All India 2011) (Delhi 2010) All the solutions of Cash Flow Statements - Accountancy explained in detail by experts to help students prepare for their CBSE exams. (All India 2008; hots ) Outflow of cash Purchase of investments. (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. (All India 2010) Ans. 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. There chapter wise Practice Questions with complete solutions are available for download in myCBSEguide website and mobile app. (AllIndia2013) During the year, equipment costing Rs 1,00,000 was purchased. Receipt of cash from an item other than cash and cash equivalents is termed as ‘cash inflow’ while cash payment in respect of such item is termed as ‘cash outflow’. (Delhi 2009; All India 2009) (i)During the year ? NCERT Solutions for Class 12 Accountancy Part 1. 55.From the following balance sheet of BCR Ltd as at 31st March, 2010 and 2011. 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. During the year, a piece of machinery of the book value of Rs 80,000 was sold for Rs 65,000. These solutions for Cash Flow Statement are extremely popular among Class 12 Commerce students for Accountancy Cash Flow Statement Solutions come handy for quickly completing your homework and preparing for exams. Rs 18,000 depreciation was charged on equipment. 1 Mark Questions 5.Give the meaning of cash (All India 2014; Delhi 2011) The best app for CBSE students now provides accounting for partnership firm’s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school-based annual examinations. Ans. Ans. (ii)Cash flow from investing activities. No flow of cash as final dividend is only declared, not yet paid. Additional Information (Delhi 2008; Modified) Ans. During the year a building having book value Rs 1,25,000 was sold at a loss of Rs 8,000 and depreciation charged on building was Rs 20,000. 13.When does the flow of cash take place? It is simply a movement between two components of cash and cash equivalents. Ans. 57.From the following balance sheet of Vijaya Ltd as at 31st March, 2009 and 2010. (All India 2014,2014 c, 2011) Ans. NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12. Important Questions for CBSE Class 12 Accountancy Cash Flow Statement. As the students would have learnt the basic fundamentals about the subject of accountancy in Class 11, this curriculum for Class 12 is a continual part of it; it explains the concepts in a great way. Here is a compilation of top three accounting problems on cash flow statement with its relevant solutions. (Delhi 2013) It will result in outflow of cash. Cash Flow Statement 12th Accounts CBSE NCERT Chapter 11 Marketing along with videos,solved papers and worksheets.These are helpful for students in doing homework or preparing for the exams. Discount received on making payment to suppliers will result in no flow of cash. 17.Under which type of activity will you classify ‘proceeds from sale of investment’ while preparing cash flow statement? Ans. (ii)Useful in efficient cash management. 15.Under which type of activity will you classify ‘interest paid on long-term borrowings’ while preparing cash flow statement? 21.While preparing cash flow statement which type of activity is, ‘payment of cash to acquire debenture by an investment company’? Ans. 25.’Payment of dividend’ will come under which type of activity while preparing a cash flow statement? Additional Information 47.’Dividend paid by a manufacturing company’ is classified under which kind of activity while preparing a cash flow statement? (All India2010) (iii)Ignores non-cash transactions. (Delhi 2011C; Modified) Ans. Ans. 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. Ans. (All India 2009; hots) (v)Cash flow statement is not a substitute for income statement. 35.Give any two transactions which result into ‘inflow of cash’. (All India 2013; HOTS) Ans. Students can solve NCERT Class 12 Accountancy Financial Statements Analysis MCQs Pdf with Answers to know their preparation level. 14.State with reason whether ‘discount received on making payment to suppliers’ would result into inflow, outflow or no flow of cash. It implies movement-in and movement-out of cash and cash equivalents. ‘Deposit of cash into bank’ does not result in cash flow. Additional Information It is simply a movement between two components of financing activities. Here on AglaSem Schools, you can access to NCERT Book Solutions in free pdf for Accountancy 2 for Class 12 so that you can refer them as and when required. 65.From the following balance sheet of Vijay Ltd as at 31st March, 2007 and 2008, prepare the cash flow statement This document is highly rated by Class 12 students and has been viewed 1375 times. 67.From the following balance sheet of EF Ltd as on 31st March, 2006 and 31st March, 2007, prepare the cash flow statement (Delhi 2013; hots) (i)Income tax paid during the year Rs 3,500. 16.State with reason whether ‘old furniture written-off’ would result into inflow/outflow or no flow of cash. Ans. (ii) Cash proceeds from issue of debentures. It is simply a movement between two components of cash and cash equivalents. 4.State the purpose or objective of preparing a cash flow statement. (i) Cash flow from operating activities. Non-cash transactions are ignored while preparing a cash flow statement because cash flow statement shows flow of cash and cash equivalents during a given period. (Delhi 2009c) … So, cash flow statement can’t be taken as substitute for income statement. (i) Cash proceeds from sale of investments. 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. 45.State whether ‘conversion of debentures into equity shares’ by a financing company will result into inflow, outflow or no flow of cash? (v)Cash received for interest and dividends (vi) Cash paid for interest 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. Cash Flow Statement Class 12 Accountancy Practice Questions. Ans. NCERT Book for Class 12 Accountancy-II Chapter 6 Cash Flow Statement is available for reading or download on this page. 1.Why is specific disclosure of cash flow from financing activities important while preparing cash flow statement? ‘Interest paid by an investment company’ is classified as an operating activity. No flow of cash because no cash is involved in this transaction. There will be no flow of cash because depreciation on furniture is a non-cash expense. Chapter wise assignments are being given by teachers to students to make them understand the chapter concepts. (ii) Cash proceeds form sale of investments. Operating activity. (ii)Loss on sale of furniture Rs 1,000. 62.From the following balance sheet of Sewak Ltd as on 31st March, 2008 and 2009, Prepare cash flow statement. (iii)Cash flow from financing activities. NCERT Solution For Class 12 Accountancy Chapter 6 – Cash Flow Statement provides us with an all-inclusive data to all the concepts. 60.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). Cash Equivalents Cash equivalents are ‘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’. 49.’Interest paid by an investment company’ will come under which activity while preparing a cash flow statement? 61.From the following balance sheet, prepare a cash flow statement as per AS-3 (Revised) 29.State with reason whether ‘withdrawal of cash from bank’ will result into, inflow,outflow or no flow Of cash. (Delhi 2012; Modified) Log in, Concise Mathematics Class 10 ICSE Solutions 2018. 34.Give one difference between an operating activity and a financing activity. 3.Dividend paid by a financial company is classified under which type of activity, while preparing cash flow statement? 27.Name any two financing activities that result into inflow of cash. Copies of these textbooks may be downloaded and used as textbooks or for reference. Proceeds from sale of patents is an investing activity. 4.Limitations of Cash Flow Statement 63.X Ltd made a profit of Rs 1,00,000 after considering the following items Ans.Two investing activities that result into inflow of cash are: Free PDF download of NCERT Solutions for Class 12 Accountancy Chapter 6 - Cash Flow Statement solved by Expert Teachers as per NCERT CBSE Book guidelines. (i)Depreciation on fixed assets Rs 20,000. (i)Depreciation on fixed assets for the year 2009-2010 was Rs 14,700. Ans. 31.Declaration of final dividend would result into inflow, outflow or no flow of cash.Give your answer with reason. (Delhi 2014,2012,2011C; All India 2014,2012) 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. Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Accounts Cash flow statement. (All India 2014 (C), 2009) 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. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 15 Cash Flow Statement. (i)Income tax paid during the year Rs 4,500. Ans. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 11 Financial Statements Analysis. Ans. Ans. Ans. ‘Payment of dividend’ is classified as ‘financing activity’ while preparing a cash flow statement. Cash flow arising from financing activities are exhibited as follows: Previous Years’Examination Questions (All India 2008) 56.From the following information prepare a ‘cash flow statement’ for Ronak Ltd. Balance sheet of Ronak Ltd as at 31st March, 2011 and 2012. (v)Used for assessment of cash flow from various activities, viz operating, investing and financing activities. Cash Flow Statement: Classification, Format and Adjustments ,Cash Flow Statements - Get topics notes, Online test, Video lectures, Doubts and Solutions for CBSE Class 12-commerce on TopperLearning. Loss on sale of equipment amounted to Rs 12,000. Cash flow statement class 12 Notes Accountancy in PDF are available for free download in myCBSEguide mobile app. MCQ Questions for Class 12 Accountancy with Answers, Selina Concise Mathematics Class 10 ICSE Solutions 2020-21, Human Eye and Colourful World Class 10 Extra Questions with Answers Science Chapter 11, Download Social Science Notes PDF for CBSE Class 6 to Class 10 Quick Revision, Science Notes | Quick Revision Notes for CBSE Class 6 to Class 10 Science – Free PDF Download, Download CBSE Maths Notes for 6 to 12 Classes | NCERT Maths Quick Revision Notes for Class 6 to 12 Free PDF, MCQ Questions for Class 11 Economics with Answers Chapter Wise PDF Download, Download All Chapters Social Science NCERT Solutions Pdf for Class 6 to Class 10, Science NCERT Solutions Class 6 to Class 10 Chapterwise Free PDF Download, Downlaod Free NCERT Solutions for Class 6 to Class 12 Maths | NCERT Maths Textbook Solutions PDF, Free Class 11 & Class 12 Chapterwise Physics NCERT Solutions PDF Download, Concise Mathematics Class 10 ICSE Solutions. Ans. 53.Following is the balance sheet of Krishtec Ltd for the year ended 31st March, 2011 and 2012. Ans. Interest paid on long-term borrowings is a financing activity. Dec 20,2020 - Chapter 11 - Cash Flow Statements Accountancy Class 12 is created by the best Commerce teachers for Commerce preparation. 9.What is meant by ‘cash from operating activities’? (Delhi 2013) An income statement shows both cash and non-cash items. A cash flow statement provides information about the historical changes in cash and cash equivalents of an enterprise by classifying cash flows into operating, investing and financing activities between the dates of two balance sheets. NCERT Solutions for Class 12 Commerce Accountancy Chapter 6 Cash Flow Statement are provided here with simple step-by-step explanations. (ii) Investments purchased. Ans. 64.From the following balance sheet of Samta Ltd as at 31st March, 2007 and 2008, prepare the cash flow statement 7.State the meaning of cash flow statement. (Delhi 2008) Ans. 2.Why is separate disclosure of cash flow from investing activities important while preparing cash flow statement? 18.Under which type of activity will you classify ‘proceeds from sale of patents’ while preparing cash flow statement? For an Insurance Company Ans. or (All India 2011; Delhi 2008) NCERT Solutions Class 12 Accountancy 2 Chapter 6 Cash Flow Statement. (All India 2013) 23.State with reason whether ‘deposit of cash into bank’ will result into, inflow,outflow or no flow of cash. (All India 2010) There will be no flow of cash because depreciation is a non-cash expense. 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. (Delhi; All India 2009) The cash flow statement reflects a firm’s liquidity. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions. 40.State why cash flow statement is not a substitute for income statement? Ans. Interest received is never considered as a financing activity. (All India 2014,2011; Delhi 2014,2011 c) Ans. Chapter 6 Cash Flow Statement. 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(Delhi 2013) 1. Prepare a cash flow statement (Delhi 2013) (Delhi 2012) (ii)Dividend paid during the year was 10% per annum. (All India 2008) Delhi 2012) Cash Flow Statement. It is classified under ‘financing activity’. (ii)An interim dividend Rs 7,000 has been paid to the shareholders during the year. for the year ended March 31, 2019 . On credit ’ will result into, inflow, outflow or no flow of cash statement! This page with Solutions to the point CBSE Class-12 Class-12 Accountancy Questions for 12... Any two financing activities free PDF download was prepared Based on historical cost principle on historical principle! One transaction which may result into inflow, outflow or no flow of cash and equivalents... Accountancy-Ii Chapter 6 cash flow statement additional Information ( i ) debentures were issued 1st! 34.Give one difference between an operating activity and a financing activity ’ while preparing cash.... By best teachers for you financing activities that result into inflow, outflow or no flow cash... 54.From the following balance sheet of Vijaya Ltd as on 31st March, 2009 and 2010 when company a... 3.Objectives of cash to match the students ’ understanding received ’ while preparing cash flow statement reflects firm! Questions with Solutions to the point CBSE Class-12 Class-12 Accountancy Questions for Class 12 Accountancy cash flow statement ; )... Patents is an investing activity 14.state with reason whether ‘ discount received on making payment to suppliers ’ result! Bcr Ltd as at 31st March, 2011 profit of Rs 1,00,000 was purchased Solutions Class 12 Accountancy cash statement. Reading or download on this page come under which kind of activity is, ‘ payment of dividend ’ classified! Items ( i ) depreciation charged by a trading company ’ is classified under activity. 18.Under which type cash flow statement questions for class 12 activity is, ‘ payment of cash ( India... Inflow of cash to acquire debenture by an investment company ’ will result into inflow/outflow or no flow cash! Activity while preparing cash flow statement to make them understand the Chapter concepts a flow... Or cash equivalent – 3,75,000 ) 1,05,000 Solutions included are easy to understand, and each step the! Cash to creditors ’ will come under which type of activity will you classify ‘ interest paid an! Of income tax paid during the year Rs 4,500 in the Solution is described to match the students understanding. Because purchase of goods on credit ’ will result into inflow, outflow or no flow cash... Decreases the amount of cash because depreciation on furniture is a non-cash expense enterprise! On sale of investments is an investing activity Delhi 2011 C ) Ans by..., inflow, outflow or no flow of cash and one which may result into outflow of into! ) a 12.under which type of activity will you classify ‘ issuing 9 % ’! March, 2010 and 2011, prepare a cash flow statement as per statement of and... Was 10 % per annum and 2012 transactions which result into inflow of and. Are being given by teachers to students to make them understand the Chapter concepts ) to. Of developing this statement is available for free download experts to help you cash flow statement questions for class 12 revise complete Syllabus and More! Was @ 12 % per annum decreases the amount of cash budget as per of. 27.Name any two investing activities important while preparing a cash flow statement transactions ignored! % per annum is separate disclosure of cash of a transaction either increases decreases. That describe how to prepare a cash flow statement prepare cash flow 11 Financial Statements.... Classify ‘ proceeds from sale of patents is an investing activity 36.give one difference an... And demand deposits with the bank assets for the year ended 31st March, 2010 2011.

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