{"id":27307,"date":"2019-10-03T12:19:52","date_gmt":"2019-10-03T06:49:52","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=27307"},"modified":"2019-10-05T12:49:21","modified_gmt":"2019-10-05T07:19:21","slug":"cash-flow-statement-class-12-accountancy-practice-questions","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/cash-flow-statement-class-12-accountancy-practice-questions\/","title":{"rendered":"Cash Flow Statement Class 12 Accountancy Practice Questions"},"content":{"rendered":"

Cash Flow Statement Class 12 Accountancy Practice Questions. <\/strong>myCBSEguide has just released Chapter Wise Question Answers for class 12 Accountancy. There chapter wise Practice Questions with complete solutions are available for download in\u00a0myCBSEguide<\/a>\u00a0<\/strong>website and mobile app. These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE schools for years. There are around 4-5 set of solved Accountancy Extra questions from each and every chapter. The students will not miss any concept in these Chapter wise question that are specially designed to tackle Exam. We have taken care of every single concept given in\u00a0CBSE Class 12 Accountancy\u00a0<\/a><\/strong>syllabus and questions are framed as per the latest marking scheme and blue print issued by CBSE for class 12.<\/p>\n

CBSE Class 12 Accountancy Extra Questions<\/strong><\/p>\n

Download as PDF<\/a><\/strong><\/p>\n

Extra Questions for Class 12 Accountancy<\/h2>\n
\n

CBSE Test Paper 01
\nCh-11\u00a0Cash Flow Statement<\/strong><\/p>\n

\n<\/div>\n
    \n
  1. The various activities operating, investing and financing classified as per ___related to cash flow statement\n
      \n
    1. AS \u2013 5(revised)<\/span><\/li>\n
    2. AS \u2013 4(revised)<\/span><\/li>\n
    3. AS \u2013 6(revised)<\/span><\/li>\n
    4. AS \u2013 3(revised)<\/li>\n<\/ol>\n<\/li>\n
    5. Dividend Received is concerned with_________.\n
        \n
      1. Operating Activities<\/li>\n
      2. None of these<\/li>\n
      3. Financing Activities<\/li>\n
      4. Investing Activities<\/li>\n<\/ol>\n<\/li>\n
      5. \u2018Vinod Ltd.\u2019 is carrying on a paper manufacturing business. In the current year, it purchased machinery for Rs.30,00,000; it paid salaries of Rs. 60,000 to its employees; it required funds for expansion and therefore, issued shares of Rs. 20,00,000. It earned a profit of Rs. 9,00,000 for the current year. Find out cash flows from operating activities.\n
          \n
        1. 9,00,000<\/span><\/li>\n
        2. 8,00,000<\/span><\/li>\n
        3. 20,00,000<\/span><\/li>\n
        4. 8,60,000<\/span><\/li>\n<\/ol>\n<\/li>\n
        5. Cash Flow Statement is also known as\n
            \n
          1. None of these<\/li>\n
          2. ‘Statement of Changes in Financial Position on Cash basis’ and ‘Statement accounting for variation in cash’<\/li>\n
          3. Statement of Changes in Financial Position on Cash basis<\/li>\n
          4. Statement accounting for variation in cash<\/li>\n<\/ol>\n<\/li>\n
          5. Dividend Received is considered as operating activity when______.\n
              \n
            1. Received by a manufacturing company<\/li>\n
            2. Received by a Trading Company.<\/li>\n
            3. Received by any company.<\/li>\n
            4. Received by a finance company<\/li>\n<\/ol>\n<\/li>\n
            5. What is the difference between operating activity and investing activity?<\/li>\n
            6. \n
              \n

              Give the meaning of Cash Flow.<\/p>\n<\/div>\n<\/li>\n

            7. \n
              \n

              Give two examples of Cash Equivalents.<\/p>\n<\/div>\n<\/li>\n

            8. \n
              \n

              \u201cAn enterprise may hold securities and loans for dealing or trading purpose in which they are similar to inventory acquired specifically for resale.\u201d Is this statement correct? Cash flows from such activities will be classified under which type of activity while preparing cash flow statement?<\/p>\n<\/div>\n<\/li>\n

            9. \n
              \n

              Interest received on debentures would result into inflow, outflow’ or no flow of cash? Give reason.<\/p>\n<\/div>\n<\/li>\n

            10. \n
              \n

              Give any five transactions belong to operating and investing activities.<\/p>\n<\/div>\n<\/li>\n

            11. \n
              \n

              Classify the following into Cash Flows from-<\/strong>
              \nOperating Activities; Investing Activities; Financing Activities.<\/p>\n

                \n
              1. Cash sale of goods in cash<\/li>\n
              2. Cash payment to acquire fixed assets<\/li>\n
              3. Cash payments from issuing shares at a premium<\/li>\n
              4. Payment of dividend<\/li>\n
              5. Interest received on Investment<\/li>\n
              6. Interest Paid on debentures<\/li>\n
              7. payment of income tax<\/li>\n
              8. Cash repayment of long term loans<\/li>\n
              9. Cash payment of salaries and wages to employees<\/li>\n<\/ol>\n<\/div>\n<\/li>\n
              10. \n
                \n

                A company had following balances
                \ninvestment in the beginning = 34000
                \ninvestment at the end = 28000
                \nduring the year, company sold 40% of its investments held in the beginning of the period at a profit of 8400. calculate cash flow form investing activity.<\/p>\n<\/div>\n<\/li>\n

              11. \n
                \n

                Following is the balance sheet of Rs Ltd as at 31st March, 2016.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                <\/th>\nParticulars<\/th>\nNote No.<\/th>\n31st March, 2016 Amt (Rs)<\/th>\n31st March,2015 Amt (Rs)<\/th>\n<\/tr>\n<\/thead>\n
                1.<\/td>\nEQUITY AND LIABILITIES<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\n1.Shareholders’ Funds<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\n(a) Share Capital<\/td>\n<\/td>\n9,00,000<\/td>\n7,00,000<\/td>\n<\/tr>\n
                <\/td>\n(b) Reserves and Surplus<\/td>\n1<\/td>\n2,50,000<\/td>\n1,00,000<\/td>\n<\/tr>\n
                <\/td>\n2.Non-current Liabilities<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\nLong-term Borrowings<\/td>\n2<\/td>\n4,50,000<\/td>\n3,50,000<\/td>\n<\/tr>\n
                <\/td>\n3.Current Liabilities<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\n(a)Short-term Borrowings<\/td>\n3<\/td>\n1,50,000<\/td>\n75,000<\/td>\n<\/tr>\n
                <\/td>\n(b)Short-term Provisions<\/td>\n4<\/td>\n2,00,000<\/td>\n1,25,000<\/td>\n<\/tr>\n
                <\/td>\nTotal<\/td>\n<\/td>\n19,50,000<\/td>\n13,50,000<\/td>\n<\/tr>\n
                2<\/td>\nASSETS<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\n1.Non-current Assets<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\n(a)Fixed Assets<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\n(i)Tangible<\/td>\n5<\/td>\n14,65,000<\/td>\n9,15,000<\/td>\n<\/tr>\n
                <\/td>\n(ii)Intangible<\/td>\n6<\/td>\n1,00,000<\/td>\n1,50,000<\/td>\n<\/tr>\n
                <\/td>\n(b) Non-current Investments<\/td>\n<\/td>\n1,50,000<\/td>\n1,00,000<\/td>\n<\/tr>\n
                <\/td>\n2.Current Assets<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\n(a)Current Investments<\/td>\n<\/td>\n40,000<\/td>\n70,000<\/td>\n<\/tr>\n
                <\/td>\n(b)Inventories<\/td>\n7<\/td>\n1,22,000<\/td>\n72,000<\/td>\n<\/tr>\n
                <\/td>\n(c)Cash and Cash Equivalents<\/td>\n<\/td>\n73,000<\/td>\n43,000<\/td>\n<\/tr>\n
                <\/td>\nTotal<\/td>\n<\/td>\n19,50,000<\/td>\n13,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                Note to Accounts<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                Note No.<\/th>\nParticulars<\/th>\n31st March,2016 Amt (Rs)<\/th>\n31st March,2015 Amt (Rs)<\/th>\n<\/tr>\n<\/thead>\n
                1.<\/td>\nReserves and Surplus
                \n(Surplus i.e., Balance in the Statement of Profit and Loss)<\/td>\n                		2,50,000<\/td>\n1,00,000<\/td>\n<\/tr>\n
                <\/td>\n<\/td>\n2,50,000<\/td>\n1,00,000<\/td>\n<\/tr>\n
                2.<\/td>\nLong-term Borrowings
                \n12% Debentures<\/td>\n                		4,50,000<\/td>\n3,50,000<\/td>\n<\/tr>\n
                <\/td>\n<\/td>\n4,50,000<\/td>\n3,50,000<\/td>\n<\/tr>\n
                3.<\/td>\nShort-term borrowings
                \nBank Overdraft<\/td>\n                		1,50,000<\/td>\n75,000<\/td>\n<\/tr>\n
                <\/td>\n<\/td>\n1,50,000<\/td>\n75,000<\/td>\n<\/tr>\n
                4.<\/td>\nShort-term Provisions
                \nProposed Dividend<\/td>\n                		2,00,000<\/td>\n1,25,000<\/td>\n<\/tr>\n
                <\/td>\n<\/td>\n2,00,000<\/td>\n1,25,000<\/td>\n<\/tr>\n
                5.<\/td>\nTangible Assets<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\nMachinery<\/td>\n16,75,000<\/td>\n10,55,000<\/td>\n<\/tr>\n
                <\/td>\nAccumulated Depreciation<\/td>\n(2,10,000)<\/td>\n(1,40,000)<\/td>\n<\/tr>\n
                <\/td>\n<\/td>\n14,65,000<\/td>\n9,15,000<\/td>\n<\/tr>\n
                6.<\/td>\nIntangible Assets<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\nGoodwill<\/td>\n1,00,000<\/td>\n1,50,000<\/td>\n<\/tr>\n
                <\/td>\n<\/td>\n1,00,000<\/td>\n1,50,000<\/td>\n<\/tr>\n
                7.<\/td>\nInventories<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                <\/td>\nStock in Trade<\/td>\n1,22,000<\/td>\n72,000<\/td>\n<\/tr>\n
                <\/td>\n<\/td>\n1,22,000<\/td>\n72,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                Additional Information<\/p>\n

                  \n
                1. Rs.1,00,000, 12% debentures were issued on 31st March,2016.<\/li>\n
                2. During the year a piece of machinery costing Rs.80,000 on which accumulated depreciation was Rs. 40,000 was sold at a loss of Rs.10,000.
                  \nPrepare a cash flow statement.<\/li>\n<\/ol>\n<\/div>\n<\/li>\n<\/ol>\n

                  CBSE Test Paper 01
                  \nCh-11\u00a0Cash Flow Statement<\/strong><\/p>\n

                  \n

                  Answer<\/strong><\/p>\n

                    \n
                  1. \n
                      \n
                    1. AS \u2013 3(revised),\u00a0Explanation:\u00a0<\/strong>The various activities in Cash Flow Statement as operating, investing and financing classified as per Accounting Standard \u2013 3 (AS- 3 Revised).<\/li>\n<\/ol>\n<\/li>\n
                    2. \n
                        \n
                      1. Investing Activities,\u00a0Explanation:\u00a0<\/strong>Dividend received is added to investing activities while calculating Cash flow from investing activities in Cash Flow statement. As Dividend Received on investment in other companies.<\/li>\n<\/ol>\n<\/li>\n
                      2. \n
                          \n
                        1. 9,00,000,\u00a0Explanation:\u00a0<\/strong>Cash flow from operating activities is Rs.9,00,000 after all adjustments (salary).<\/li>\n<\/ol>\n<\/li>\n
                        2. \n
                            \n
                          1. ‘Statement of Changes in Financial Position on Cash basis’ and ‘Statement accounting for variation in cash’
                            \nExplanation:\u00a0<\/strong>‘Statement of Changes in Financial Position on Cash basis’ and ‘Statement accounting for variation in cash’<\/li>\n<\/ol>\n<\/li>\n
                          2. \n
                              \n
                            1. Received by a finance company
                              \nExplanation:\u00a0<\/strong>Dividend received by a finance company is considered as an operating activity as the company operates in financial items.<\/li>\n<\/ol>\n<\/li>\n
                            2. Operating activities involve the cash effects of transactions that enter into the determination of net income, such as cash receipts from sales of goods and services and cash payments to suppliers and employees for acquisitions of inventory and expenses. Cash flow from investing activities is an item on the cash flow statement that reports the aggregate change in a company’s cash position resulting from investment gains or losses and changes resulting from amounts spent on investments in capital assets, such as plant and equipment.<\/li>\n
                            3. Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business.<\/li>\n
                            4. Cash equivalents are held by an enterprise for meeting its short-term cash commitments instead of the purpose of investment or such other purposes.\n
                                \n
                              1. Treasury bills,<\/li>\n
                              2. Commercial paper.<\/li>\n<\/ol>\n<\/li>\n
                              3. Yes, this statement is correct. This statement refers to finance companies. Many types of companies own equities or bonds as part of their assets, trading securities are a special class of asset used by a company, mainly financial institutions, to create profits by buying and selling, rather than holding the security for any length of time and is classified under operating activity.<\/li>\n
                              4. Cash inflow, because cash comes in as interest on debentures. Cash inflow is the money coming into a business. That could be from sales, investments or financing.<\/li>\n
                              5. \n
                                  \n
                                1. Transactions belong to operating activities are :\n
                                    \n
                                  1. Cash received against Revenue from services rendered.<\/li>\n
                                  2. Cash sale of goods.<\/li>\n
                                  3. commission received.<\/li>\n
                                  4. Income Tax paid.<\/li>\n
                                  5. cash paid to creditors.<\/li>\n<\/ol>\n<\/li>\n
                                  6. Transactions belong to Investing activities are :\n
                                      \n
                                    1. Cash proceeds from sale of fixed assets.<\/li>\n
                                    2. Receipts from Repayments of advances and loans made to third party.<\/li>\n
                                    3. Debentures purchased.<\/li>\n
                                    4. Purchase of patents.<\/li>\n
                                    5. Loan advanced.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n
                                    6. \n\n\n\n\n\n\n\n\n\n\n\n\n
                                      S.NO.<\/strong><\/td>\nTransactions<\/strong><\/td>\nClassification\/Activities<\/strong><\/td>\n<\/tr>\n
                                      1<\/td>\nCash sale of goods<\/td>\nOperating<\/td>\n<\/tr>\n
                                      2<\/td>\nCash payment for acquire fixed assets<\/td>\nInvesting<\/td>\n<\/tr>\n
                                      3<\/td>\nIssuing shares at a premium<\/td>\nFinancing<\/td>\n<\/tr>\n
                                      4<\/td>\nPayment of dividend<\/td>\nFinancing<\/td>\n<\/tr>\n
                                      5<\/td>\nInterest received on Investment<\/td>\nInvesting<\/td>\n<\/tr>\n
                                      6<\/td>\nInterest Paid on debentures<\/td>\nFinancing<\/td>\n<\/tr>\n
                                      7<\/td>\npayment of income tax<\/td>\nOperating<\/td>\n<\/tr>\n
                                      8<\/td>\nCash repayment of long term loans<\/td>\nFinancing<\/td>\n<\/tr>\n
                                      9<\/td>\nCash payment of salaries and wages<\/td>\nOperating<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n
                                    7. \n

                                      Investment A\/c<\/strong><\/p>\n\n\n\n\n\n\n\n
                                      Particulars<\/strong><\/td>\nRs.<\/strong><\/td>\nParticulars<\/strong><\/td>\nRs.<\/strong><\/td>\n<\/tr>\n
                                      To Balance b\/d<\/td>\n34000<\/td>\nBy Bank<\/td>\n22000<\/td>\n<\/tr>\n
                                      To Statement of P&L (gain on sale)<\/td>\n8400<\/td>\nBy Balance c\/d<\/td>\n28000<\/td>\n<\/tr>\n
                                      To Bank<\/td>\n7600<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\n50000<\/u><\/strong><\/td>\n<\/td>\n50000<\/u><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n
                                      <\/td>\nRs.<\/td>\n<\/tr>\n
                                      Sale of investment<\/td>\n22,000<\/td>\n<\/tr>\n
                                      Purchase of investment<\/td>\n(7,600)<\/td>\n<\/tr>\n
                                      Cash flow from investing activity<\/strong><\/td>\n14,400<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n
                                    8. \n

                                      R.S. Ltd.
                                      \nCash Flow Statement
                                      \n(for the year ended 31st March,2016)<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                                      <\/th>\nParticulars<\/th>\n<\/th>\nAmt (Rs)<\/th>\n<\/tr>\n<\/thead>\n
                                      A.<\/td>\nCash Flow from Operating Activities<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nNet profit before Tax and Extraordinary Items (W.N)<\/strong><\/td>\n<\/td>\n3,50,000<\/td>\n<\/tr>\n
                                      <\/td>\nAdjustments for Non-cash and Non-Operating Items<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\n(+) Goodwill Written off<\/td>\n50,000<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\n(+) Interest on Debentures<\/td>\n42,000<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\n(+)Depreciation<\/td>\n1,10,000<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\n(+) Loss on sale of Machinery<\/td>\n10,000<\/td>\n2,12,000<\/td>\n<\/tr>\n
                                      <\/td>\nOperating Profit before Working Capital Changes<\/strong><\/td>\n<\/td>\n5,62,000<\/td>\n<\/tr>\n
                                      <\/td>\n(-)Increase in Current Assets and Decrease in Current Liabilities<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nInventories<\/td>\n(50,000)<\/td>\n(50,000)<\/td>\n<\/tr>\n
                                      <\/td>\nNet Cash from Operating Activities<\/strong><\/td>\n<\/td>\n5,12,000<\/td>\n<\/tr>\n
                                      B.<\/td>\nCash Flow from Investing Activities<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nProceeds from Sale of Machinery<\/td>\n30,000<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nPurchase of Machinery<\/td>\n(7,00,000)<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nPurchase of Non-Current Investments<\/td>\n(50,000)<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nNet Cash used in Investing Activities<\/strong><\/td>\n<\/td>\n(7,20,000)<\/td>\n<\/tr>\n
                                      C.<\/td>\nCash Flow From Financing Activities<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nProceeds from Issue of Share Capital<\/td>\n2,00,000<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nIncrease in Bank Overdraft<\/td>\n75,000<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nInterest on Debentures Paid<\/td>\n(42,000)<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nProceeds from Issue of Debentures<\/td>\n1,00,000<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nProposed Dividend Paid<\/td>\n(1,25,000)<\/td>\n<\/td>\n<\/tr>\n
                                      <\/td>\nNet Cash Flow From Financing Activities<\/strong><\/td>\n<\/td>\n2,08,000<\/td>\n<\/tr>\n
                                      <\/td>\nNet Decrease in Cash and Cash Equivalents<\/strong><\/td>\n<\/td>\n0<\/td>\n<\/tr>\n
                                      <\/td>\n(+) Cash and Cash Equivalents in the Beginning of the year (Cash and cash equivalents 43,000+Current investment 70,000)<\/td>\n<\/td>\n1,13,000<\/td>\n<\/tr>\n
                                      <\/td>\nCash and Cash Equivalents at the End of the year (Cash and cash equivalents 73,000 + current investment 40,000)<\/strong><\/td>\n<\/td>\n1,13,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                                      Working Notes<\/p>\n

                                        \n
                                      1. Calculation of Net Profit before Tax and Extraordinary Items
                                        \n\n\n\n\n\n
                                        Profits as per statement of profit and Loss
                                        \n(2,50,000-1,00,000)<\/td>\n                                        		1,50,000<\/td>\n<\/tr>\n
                                        (+) Proposed dividend<\/td>\n2,00,000<\/td>\n<\/tr>\n
                                        <\/td>\nRs.3,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                                        Machinery Account<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
                                        Dr.<\/th>\n<\/th>\n<\/th>\nCr<\/th>\n<\/tr>\n<\/thead>\n
                                        Particulars<\/td>\nAmt (Rs)<\/td>\nParticulars<\/td>\nAmt (Rs.)<\/td>\n<\/tr>\n
                                        To Balance b\/d<\/td>\n10,55,000<\/td>\nBy Bank A\/c (Sale)<\/td>\n30,000<\/td>\n<\/tr>\n
                                        To Bank A\/c (Purchases)<\/td>\n7,00,000<\/td>\nBy Accumulated Depreciation A\/c<\/td>\n40,000<\/td>\n<\/tr>\n
                                        <\/td>\n<\/td>\nBy Statement of Profit and Loss (Loss on Sale)<\/td>\n10,000<\/td>\n<\/tr>\n
                                        <\/td>\n<\/td>\nBy Balance c\/d<\/td>\n16,75,000<\/td>\n<\/tr>\n
                                        <\/td>\n17,55,000<\/td>\n<\/td>\n17,55,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                                        Accumulated Depreciation Account<\/strong><\/p>\n\n\n\n\n\n\n\n\n
                                        Dr<\/th>\n<\/th>\n<\/th>\nCr<\/th>\n<\/tr>\n<\/thead>\n
                                        Particulars<\/td>\nAmt (Rs)<\/td>\nParticulars<\/td>\nAmt (Rs)<\/td>\n<\/tr>\n
                                        To Machinery A\/c
                                        \n(Depreciation on Machinery Sold)<\/td>\n                                        		40,000<\/td>\nBy Balance b\/d<\/td>\n1,40,000<\/td>\n<\/tr>\n
                                        To Balance c\/d<\/td>\n2,10,000<\/td>\nBy Depreciation A\/c
                                        \n(Statement of Profit and Loss)<\/td>\n                                        		1,10,000<\/td>\n<\/tr>\n
                                        <\/td>\n2,50,000<\/td>\n<\/td>\n2,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                                        Net Cash Flow from Operating Activities=Rs.5,12,000
                                        \nNet Cash used in Investing Activities=Rs.(7,20,000)
                                        \nNet Cash Flow from Financing Activities=Rs.2,08,000<\/li>\n

                                      2. Above Cash Flow Statement is prepared as per Accounting Standard 3(Revised).<\/li>\n
                                      3. Cash and Cash Equivalents include Cash, Bank, Short Term Deposits, Current Investment and marketable securities.<\/li>\n
                                      4. Dividend paid to shareholders is a financing activity as dividend is paid on the Share Capital of the company. Share Capital is to be shown as Financing Activity in Cash Flow Statement.<\/li>\n
                                      5. If between two accounting years amount of goodwill decreases it is added to Net Profit before Tax and Extraordinary Items<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n
                                        \n

                                        Class 12 Accountancy Chapter Wise Test Papers<\/h2>\n<\/div>\n
                                          \n
                                        1. FS of Non profit Organisation<\/a><\/li>\n
                                        2. Fundamentals of partnership and Goodwill<\/a><\/li>\n
                                        3. Change in Profit sharing ratio of Partners<\/a><\/li>\n
                                        4. Admission of a Partner<\/a><\/li>\n
                                        5. Retirement or Death of a partner<\/a><\/li>\n
                                        6. Dissolution of Partnership<\/a><\/li>\n
                                        7. Accounting for share Capital<\/a><\/li>\n
                                        8. Accounting for Debentures<\/a><\/li>\n
                                        9. Financial Statements and Analysis<\/a><\/li>\n
                                        10. Statement Analysis Tools and Accounting Ratios<\/a><\/li>\n
                                        11. Cash Flow Statement<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

                                          Cash Flow Statement Class 12 Accountancy Practice Questions. myCBSEguide has just released Chapter Wise Question Answers for class 12 Accountancy. There chapter wise Practice Questions with complete solutions are available for download in\u00a0myCBSEguide\u00a0website and mobile app. These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1436,1346],"tags":[148,1839,1838,1833,1832,28],"class_list":["post-27307","post","type-post","status-publish","format-standard","hentry","category-accountancy-cbse-class-12","category-cbse","tag-cbse-class-12-accountancy","tag-extra-questions","tag-important-questions","tag-latest-exam-questions","tag-practice-questions","tag-test-papers"],"yoast_head":"\nCash Flow Statement Class 12 Accountancy Practice Questions<\/title>\n<meta name=\"description\" content=\"Cash Flow Statement Class 12 Accountancy Practice Questions These test papers with 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