Ans. (i)During the year, machine costing Rs 80,000 was sold for Rs 50,000. The major purpose of developing this statement is to generate the list for sending money either into or out of the business. (i)Depreciation on fixed assets Rs 20,000. Get to the point CBSE Class-12 Class-12 Accountancy questions for your exams. Two investing activities which result into outflow of cash are: Dividend received is considered as an operating activity when company is a financing or investing company. NCERT Solutions for Class 12 Commerce Accountancy Chapter 6 Cash Flow Statement are provided here with simple step-by-step explanations. Cash Flow Statement. Ans. 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. 15.Under which type of activity will you classify ‘interest paid on long-term borrowings’ while preparing cash flow statement? (Delhi 2010) Ans. (All India 2013; HOTS) (Delhi 2010 C) Ans. (All India 2014,2011; Delhi 2014,2011 c) Get to the point CBSE Class-12 Class-12 Accountancy questions for your exams. Proceeds from sale of investments is an investing activity. (vii)Premiums and claims received (viii) Premiums and claims paid 4.Limitations of Cash Flow Statement 67.From the following balance sheet of EF Ltd as on 31st March, 2006 and 31st March, 2007, prepare the cash flow statement Students can solve NCERT Class 12 Accountancy Financial Statements Analysis MCQs Pdf with Answers to know their preparation level. (Compartment 2014) There will be no flow of cash because depreciation on furniture is a non-cash expense. 24.List any two investing activities which result into outflow of cash. ... Class 12 - Soft Copy Worksheets ... Post a Question. 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. Two financing activities that result into outflow of cash are: (All India 2008) 63.X Ltd made a profit of Rs 1,00,000 after considering the following items Problem 1: From the following summary of Cash Account of X Ltd., prepare Cash Flow Statement for the year ended 31st March 2007 in accordance with AS-3 using the direct method. It shows net income of the firm. ‘Cash flow’ implies inflow and outflow of cash and cash equivalents. Ans.The two financing activities that result into inflow of cash are: 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). 65.From the following balance sheet of Vijay Ltd as at 31st March, 2007 and 2008, prepare the cash flow statement Proceeds from sale of patents is an investing activity. It is simply a movement between two components of cash and cash equivalents. Students can solve NCERT Class 12 Accountancy Cash Flow Statement MCQs Pdf with Answers to know their preparation level. The entire NCERT textbook questions have been solved by best teachers for you. 5.Give the meaning of cash (All India 2014; Delhi 2011) 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. Ans. Ans. For a Real Estate (Infrastructure) Company (ii)Dividend paid during the year was @12% per annum. 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’. All Chapter wise Questions with Solutions to help you to revise complete Syllabus and Score More marks in your examinations. (ii) Cash proceeds form sale of investments. (Delhi 2008; Modified) Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 11 Financial Statements Analysis. For an Insurance Company Commission and royalty received is an operating activity. (Delhi 2009 C; Modified) The statement written for this purpose is known as cash flow statement. (i) Cash proceeds from issue of shares (ii) Cash proceeds from issue of debentures. (Delhi 2009c) 2.Why is separate disclosure of cash flow from investing activities important while preparing cash flow statement? 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. 20.Under which type of activity will you classify ‘commission and royalty received’while preparing cash flow statement? (Delhi 2011, Modified) (i)Depreciation on fixed assets for the year 2009-2010 was Rs 14,700. (ii)Loss on sale of furniture Rs 1,000. 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. Cash Cash comprises of cash in hand and demand deposits with the bank. Dividend received by a finance company is an operating activity. (i)Useful in short-term financial planning. (i) Redemption of debentures. 36.Give one difference between an operating activity and an investing activity. Interest received is never considered as a financing activity. 55.From the following balance sheet of BCR Ltd as at 31st March, 2010 and 2011. 57.From the following balance sheet of Vijaya Ltd as at 31st March, 2009 and 2010. (All India 2009; hots) Ans. (AllIndia2013) 6 Marks Questions Cash flow arises when the net effect of a transaction either increases or decreases the amount of cash or cash equivalent. for the year ended March 31, 2019 . 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