CBSE Guess > Papers > Important Questions > Class XII > 2010 > Accountancy > Accountancy By Rahul Kadd
CBSE CLASS XII
Q. 95. From the following Balance Sheet of India Ltd. and the additional given, make out the Cash Flow statement:
| Liabilities | 31st March 2008 Rs. | 31st March 2007 Rs. | Assets | 31st March 2008 Rs. | 31st March 2007 Rs. |
| Equity Share | Goodwill | 1,15,000 | 90,000 | ||
| Capital | 3,00,000 | 4,00,000 | Land & Buildings | 2,00,000 | 1,70,000 |
| Mortgage Loan | 1,50,000 | 1,00,000 | Plant | 80,000 | 2,00,000 |
| General Reserve | 40,000 | 70,000 | Debtors | 1,60,000 | 2,00,000 |
| Profit & Loss A/c | 30,000 | 48,000 | Stock | 77,000 | 1,09,000 |
| Proposed dividend | 42,000 | 50,000 | Bills Receivable | 20,000 | 30,000 |
| Creditors | 55,000 | 83,000 | Cash in Hand | 15,000 | 10,000 |
| Bills Payable | 20,000 | 16,000 | Cash at bank | 10,000 | 8,000 |
| Provision for Taxation | 40,000 | 50,000 | |||
| 6,77,000 | 8,17,000 | 6,77,000 | 8,17,000 |
Additional Information :
- Depreciation of Rs.10,000 and Rs.20,000 has been charged on Plant and Land and Building respectively in 2006-07.
- The interim dividend of Rs.20,000 has been paid in 2007-08..
- Income Tax of Rs.35,000 was paid during the year 2007-08.
Q. 96. From the following information, prepare the Cash Flow Statement of Crispin Ltd:
| Liabilities | 31st March 2007 Rs. | 31st March 2008 Rs. | Assets | 31st March 2007 Rs. | 31st March 2008 Rs. |
| Equity Share | 4,05,000 | 5,72,500 | Fixed Assets (W.D.V) | 6,88,500 | 8,37,000 |
| Capital | Investments | 40,500 | 1,08,000 | ||
| 8% Preference | 2,70,000 | 1,35,000 | Cash | 54,000 | 2,01250 |
| Share Capital | Other Current assets | 2,70,00 | 4,05,000 | ||
| 8% Debentures | 1,35,000 | 2,70,000 | Discount on Issue of debentures | 13,500 | 6,750 |
| Reserves & Surplus | 1,48,500 | 3,64,500 | |||
| Current Liabilities | 1,08,000 | 2,16,000 | |||
| 10,66,500 | 15,58,000 | 10,66,500 | 15,58,000 |
Additional Information:
- Depreciation charged on fixed assets was Rs.81,000.
- An interim dividend of 15% was paid on equity shares. Additional shares were issued on March 31, 2008.
- Preference shares were redeemed at a premium of 15%.
- Fixed assets with a book value of Rs.54,000 were sold at Rs.33,750.
- Preference dividend paid during the year 21,600. (vi) Debenture interest paid during the year 10,800.
Paper By Mr. Rahul Kadd
Email Id : [email protected]
Phone No. : 9212197510
Oscar Academy- BN - 4 (East),
Shalimar Bagh, Delhi-88
