Important Questions

(for CBSE 2022-23 Examinations)

statement:
following transactions will result in inflow, outflow or no flow of cash while preparing cash flow
Sate whether the
employees benefits by 3,000
0 Decrease in outstanding (CBSE SQP 2021-22 Term-II) (2)
by 6,000.
Increase in Current Investment
)
Ltd., prepare Cash Flow Statement for the year ending 31st March, 2022:
s Oo the basis of information given by Aradhana
Balance Sheet as on 31st March, 2022
Note No. 31.3.2021 ) 31.3.2022 )
Particulars
I. EQUITY AND LIABILITIES
1. Shareholder's Funds 5,00,000 7,30,000
(a) Share Capital 1 3,50,000 3,70,000
(b) Reserves and Surplus
2. Non-Current Liabilities 2,00,000
2 4,00,000
Long-term borrowings
3. Current Liabilities 3,60,000 4,60,000
(a) Trade Payables 3,25,000 3,20,000
4
(b) Short-term Provisions 19,35,000 20,80,000
Total
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets: 4,50,000 5,00,000
(a) Tangible Assets 3,10,000 3,02,000
(b) Intangible Assets 4,00,000 4,30,000
(b) Long-term Loans and Advances
2. Current Assets 2,70,000 2,90,000
(a) Inventories 2,40,000 2,60,000
(b) Trade Receivables 2,65,000 2,98,000
(c) Cash and Cash Equivalents 19,35,000 20,80,000
Total
Notes to Accounts:
31.3.2021 ) 31.3.2022 )
Note No. Particulars
1.
Reserves and Surplus 3,50,000 3,70,000
(Balance in Statement of Profit and Loss)
2
Long-term borrowings 4,00,000 2,00,000
10% Debentures
 Trade Payables
Dey
Creditors
Bills Payable 2,40,000
2,2,6000,,(0000,%
1,20,000
3,60,000
4. Short-Term Provisions
Provision for Tax
3,25,000
4,60,000
5. Tangible Fixed Assets
Machinery
3,20,000
Less: Provision for Depreciation 5,50,000
1,00,000 6,60,000
4,50,000 1,60,000
6 Intangible Fixed Assets
Patents
5,00,000
3,10,000
Additional lnformation:
(i) Debentures were redeemed on lst April, 2021.
3,02,000
(i) Tax paid during the year 2,80,000.
Cash flow the operating activities of Pinnacle Ltd. for the year ended 31st
(CBSE SQP 2021-22 Term-ll)(5
with notes to accounts of Pinnacle Lid. as at 31st March, 2022 is given
March, 2022 was 28,000. The Balance Sheer ale
below:
Balance Sheet of Pinnacle Ltd. as at 31st March, 2021
Particulars Note No. 31.3.2022 () 31.3.2021 )
EQUITY AND LIABILITIES
1. Shareholder's Funds
(a) Share Capital
(b) Reserves and Surplus 9,00,000 5,00,000
2. Non-Current Liabilities 90,000 1,10,000
Long- term borrowings 2 3,00,000
3. Current Liabilities 2,00,000
(a) Trade Payables
60,000 80,000
Total
13,50,000 8,90,000
II. ASSETS
1. Non-Current Assets
Fixed Assets:
(a) Tangible Assets 5,24,000
(b) Intangible Assets 7,46,000
4 36,000 76,000
2. Current Assets
(a) Current Investments
(b) Inventories 1,30,000 20,000
2,00,000 1,30,000
(c) Cash and Cash Equivalents
2,38,000 1,40,000
Total
13,50,000 8,90,000
Notes to Accounts:
Note No. Particulars
31.3.2022 ) 31.3.2021 )
1 Reserves and Surplus
(Balance in Statement of Profit and Los) 90,000 1,10,000
2 Long-term borrowings
9% Debentures 3,00,000 2,00,000
3. Tangible Assets :
Plant and Machinery 8,86,000 6,04,000
Accumulated Depreciation (1,40,000) (80,000)
7,46,000 5,24,000
4. Intangible Assets:
36,000
Goodwill 76,000
 Cash Flow Statement
ACCOUNTANCY XII Supplementary Material
(for CBSE Examination 255
the followingadditional information: 2022-23)
You are given .book
machinery of the value of 90,000
(depreciation provided thercon
(i) A debentures were issued on Ist April, 2021. was23,000), was sold at a profit of? 12,000.
(ii) 99%
Flow Statement.
I'reparethe Cash
Flow Statement on the basis of
Q.4 PrepareCash information given in the Balance Sheets of Relga Lrd. as at 31st March,
March, 2022: 2021
and 31st
Particulars
Note No. 31.3.2021 ) 31.3.2022 )
EQUITY AND LIABILITIES
() Shareholder's Funds
(a) Share Capital
(b) Reserves and Surplus 2,00,000 2,50,000
(2) Non-Current Liabilities 50,000 70,000
Long- term borrowings
(3) Current Liabilities 1,00,000 80,000

(a) Trade Payables 3

(b) Other Current Liabilities 60,000 1,60,000
25,000 20,000
Total 4,35,000 5,80,000
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets 5 1,50,000 2,00,000
(ii) Intangible Assets 6 10,000 2,000
(b) Long-term Loans and Advances 1,00,000 1,30,000
(2)) Current Assets
(a) Inventories
70,000 90,000
(b) Trade Receivables 40,000 60,000
(c) Cash and Cash Equivalents 65,000 98,000
Total
4,35,000 5,80,000
Notes to Accounts:

Note No. Particulars 31.3.2021 ) 31.3.2022 )

(1) Reserves and Surplus
General Reserve 50,000 70,000
(2) Long-term borrowings
12% Debentures 1,00,000 80,000
(3) Trade Payables
Creditors 40,000 60,000
Bills Payable 20,000 1,00,000
60,000 1,60,000
(4) Other Current Liabilities
Outstanding Expenses 25,000 20,000
(5) Tangible Fixed Assets
Machinery 2,00,000 2,60,000
Less: Provision for Depreciation (50,000) (60,000)
1,50,000 2,00,000
(6) Intangible Fixed Assets
Goodwill 10,000 2.000

Additional
(i)
Information:
During the
a loss of 50%year a piece of nmachinery with abook value of 30,000: provision for depreciation on it 10,000 was sold at
on book value.
(ii)
Debentures were redeemed on 31st March 2022.
 Shree Radhey Publications
256
ACCOUNTANCY X Supplementary
2022-23)
Material
(or CBSEExamination
313.2022 and 31.3.2021, (
(Subhash Dey)
Drcams Convetge Ltd. as at Calulate Cash
Q.5 From the following
Balance Shcet of
(rom
activities. Show vour workings clearlv. Note No. 31.3.2022 () operating
Particulars
1. EQUIY AND LIABILIIY
1. Sharcholders Fund
31.3.2021
7,00,00)
a. Share Capital
b. Reserves and Surplus
3,50,000 5,2,000,0,959999
2. Non-Current Liabilities
50,000
Long Term Borrowings
3. Current Liabilities
100,00)
1,22,000
Trade Pavables
50,000 1,05,000
b. Short term I'rovisions (Provision for tax) 12,72,000 30,000
Total
II. ASSETS
9,35,000
1. Non Current Assets:
a. Fixed Assets:
5,00,000
i. Tangible Assets 95,000 5,00,000
ii. Intangible Assets 1,00,000 1,00,000Ni
b. Non-current Investments
2. Current Assets
1,30,000
a. Inventories
1,47,000
55.000
b. Trade Receivables 80,000
3,00,000 2,00,000
c. Cash and Cash Equivalents
Total 12,72,000 9,35,000
Notes to Accounts:

Note No. ParticuBars 31.3.2022 ) 31.3.2021

Tangible Assets
2,80,000 2,00,000
Machinery
Less: Accumulated depreciation (1,00,000) (80.000)
Equipment 3,20,000 3,80.000
Intangible Assets
Goodwill 95,000 1,00,000

Addstional information: Machinery costing T80,000 (accumulated depreciation 20,000) was sold at aloss of ?1 8,00.
Q.6 Following is the Balance Sheet of XLrd. as at 3 Ist March, 2022:
Particulars Note No. 31.3.2022() 31.3.2021 0
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
19,00,000 17,00,000
a) Share capital 3,00,000
b) Reserves and Surplus 6,00,000
2. Non-current Liabilities
4.00,000
Long-term borrowings 2 5,00,000
3. Current liabilities
1,75.000
a) Short-term Borrowings 3 1,70,000
1,65,000
b) Short-term Provisions 4 2,00,000
27,40,000
Total 33,70,000
II. ASSETS
1. Non-current assets
a) Fixcd assets
19,00,000
Tangible assets 24,00,000 3.00,000
Intangible assets 2,00,000 2.00,000
b) Non-Current Investments 3,00,000
2. Current assets 1,70,000
a) Current Investments 1.40,000 1,30,000
b) Inventories 2,60,000 40,000
c) Cash and Cash Equivalents 70,000 27,40,000
Total 33,70,000
 Cash Flow Statement ACCOUNTANCY XI Supplementary Material
(for CBSE Examination 2022-23) 257
Notes to Accounts:

Note No.
Particulars
31.3.2022() 31.3.2021)
Reserves and Surplus:
(Suplus i.c. Balance in Statement of Profit and Loss) G,00,000 3,00,000
Long-term Borrowings:
130% Dcbentures
5,00,000 4,00,90)
Short-term Borrowings:
Bnk Overdraft
1,70,000 1,75,000
Short-term Provisions:
P'rovision for Tax
2.00.000 1,65,000
Tangible Assets:
Machinery 26,00,000 20,00,000
Le: Aceumulated Depreciation (2,00,000) (1,00,000)
24,00,000 19,00,000
(6.
Intangible Assets:
Goodwill 2,00,000 3,00.000
Additional lnformation:
1.00,000, 12% debentures were issued on 1April, 2021.
ii During the year, a piece of machinery costing ?80,000 on which accumulated depreciation was 40,000 was sold at a
gain of i0,000.
Prepare aCash Flow Statement. Show your workings clearly.
From the following Balance Sheet of G Ltd. as at 31st March, 2022, prepare Cash Flow Statement:
Particulars Note No. 31.3.2022 ) 31.3.2021 )
EQUITY AND LIABILITIES
1. Shareholder's Funds
(a) Share Capital 8,00,000 6.00,000
(b) Reserves and Surplus 1 3,30,000 2.20,000
2. Non-Current Liabilities
Long- term borrowings 2 1,60,000 1.00,000
3. Current Liabilities
(a) Trade Payables 1,65,000 1,95,000
Total 14,55,000 11,15,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 3 9,50,000 6,05,000
(b) Non-Current Investments 1.35.000 1.00,000
2. Current Assets
(a) Current Investments 80,000 40,000
(b) Trade Receivables 90,000 2,00,000
(c) Cash and Cash Equivalents 2,00,000 1,70,000
Total 14,55,000 11,15,000
Notes to Accounts:
Note No. Particulars 31.3.2022 () 31.3.2021 )
Reserves and Surplus
Surplus (i.e. Balance in Statement of Profit and Loss) 3,30,000 2.20.000
2
Long-term borrowings
10% Debentures 1,60,000 1,00,000
3
Fixed Assets:
Machinery (cost) 10,70,000 7,00,000
Accumulated Depreciation (1,20,000) (95,000)
9,50,000 6,05,000
Additional information: 10% Debentures 60,000 were issued on lst April, 2021.
 Shree Radhey Publications
ACCOUNTANCY XI Supplementary
nctCBSE
Q.8 There was 'Nil (fir
258
2022-23) Examination
Materlal
(Subhash Dey
cash tlow from opcaing atiities of Ashok Lid. during the yea ending 3lst March. 2022. Irom the
Sttement
at 3Is Mareh. 2022, prepare a Cash Flow
Ashok Itd. as
following Balance Shect of as at 31st March, 2022
Balance Sheet of Ashok Ltd.
Note No. 31.3.2022 )
Particulars
1.
FQUITY AND LIABILITIES
1. Shareholder's Funds
31.3.2021
19,00,000
(a) Share Capital 1,60,000
(b) Reserves and Suplus
Non-Current Liabilities
2.00,(09)
2 1,00,00)
long tem borrowings
Current Liabilities
4,09.99%
3. 3 2,50,000
(a) Shott- lerm Borrowings 1,90,000 2.30,090
(b) Short- lerm Provisions
26,00,000
2.70,000
Total 22,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets: 15,00,000
(a) Tangible Assets 11,00.000
2,80,000 1,70.000
(b) Intangible Assets
2. Current Assets:
Current Investments
1,30,000 2,90,000
(a 3,90,000
(b) Trade Receivables 4,10.000
3,00,000 2,30,000
(b) Cash and Cash Equivalents
26,00,000 22,00,000
Total
Notes to Accounts:
31.3.2022 ) 31.3.2021
Note No. Particulars
1.60,000
Reserves and Surplus:_Surplus (Balance in the Statement of P&L)
2,00.000
1,00,000 4,00.000
Long-term borrowings: 8% Debentures
Short-term Provision: Bank overdraft 2,50,000 2,30.000
3
Short-term Provision : Provision forTax 1,90,000 2,70,000

5 Tangible Assets : 1170,000

Plant and Machinery 16.30,000
(1.30,000) (70,000)
Accumulated Depreciation
15,00,000 11,00,000
2,80,000 1,70.000
6. Intangible Assets: Goodwill
Additional information:
(i) Amachinery of the book value of 60,000,(depreciation provided thereon 20,000) was sold at a loss of 6.000.
(i) 8% Debentures were redeemed on Ist July, 2021.
ro
0.9 From the following Balance Sheet of Gopal Ltd. and the additional information as at 3lst March, 2022, prepare a Cash
statement when cash flows from financing activities is 2,32,000.
Balance Sheet of Gopal Ltd. as at 31st 31-3-2022
31.3.2021 0
Particulars Note No. 31.3.2022 ()
EQUITY AND LIABILITIES
Shareholder's Funds 8.00,000
(a) Share Capital 10,00,000 (1.00,000)
4,00,000
(b) Reserves and Surplus
2. Non-Current Liabilities 9,00.000
9,00,000
Long- term borrowings
3. Current Liabilities 1.00,000
2.40,000
(a) Short term Borrowing 1,75,000
(b) Short term Provision 2.00,000
18,75,000
27,40,000
Total
 Cash Flow Statement ACCOUNTANCY XI Supplementary Material 259
(for CBSE Examination 2022-23)

II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
()Tangible Assets 20,00,000 14.42,000
(ii) Intangible Assets 46.000 58.000
(a) Non-current Investments 1,00,000 45,000

2.
Current Assets:
(a) Current Investments 2,00.000 1.20,000
2.14,000 90.000
(b) Investment 1,20,000
(c) Cash and Cash cquivalents 1,80,000
27,40,000 18,75,000
Total
Notes to Accounts:
31.3.2022 () 31.3.2021 )
Note No. Particulars

1.
Reserves and Surplus 4,00,000 (1,00,000)
Profit and Loss)
Surplus (Balance in statement of 9.00.000 9,00,000
debentures
Long term Borrowings: 12% 2,40,000 1,00.000
overdraft
3 Short term Borrowings: Bank 2,00,000 1,75.000
Provision for tax
4 Short term provisions:
Tangible Assets 24.00.000 16.42.000
5 (2,00,000)
Machinery (4,00,000)
Less : Accumulated Depreciation 20,00,000 14,42,000

46,000 58,000
6. Intangible Assets
Goodwill 90,000
2,14,000
Inventories
Stock in trade
the year. The Balance Sheet
Addirional Information: Tax 1,50,000 was paid during Ltd. for the year ended 31.03.2022 was i8,000.
of Starline
outflow from operating activities given below:
Q.10 Ner Cash
accounts of Starline Ltd. as at 31.03.2022 is 31st March 2022
along with notes to Balance Sheet of Starline limited as at
31.3.2022 () 31.3.20210)
Note No.

Particulars
EQUITY AND LIABILITIES 18,00,000 10,00,000
1. Shareholder's Funds 40,000
50,000
(a) Share Capital
4.00,000
(b) Reserves and Surplus 1,00,000
2. Non-Current Liabilities
Long- term borrowings 3.60,000
2,50,000
3. Current Liabilities 18,00,000
22,00,000
Short- term provision

Total
II. ASSETS
10,00,000
1. Non-Current Assets 14,00,000
70,000
Fixed Assets: 1,80,000
() Tangible Assets 1,90,000
(ii) Intangible Assets 30,000
3,10,000
Current Assets 2,90,000
2 2,30,000
Current Investments 3,00,000
(a)
(b) Trade Receivables 18,00,000
22,00,000
equivalents
(c) Cash and Cash
Total
 Shree Radhey Publications
260
ACCOUNTANCY X Supplementary Material
(for CBSE Examination 2022-23)
(Subhash Dey)
Notes to Accounts:
31.3.2022 )
Note No.
1
Particulars
Reserves and Surplus
31.3.2021
50,000
Surplus (balance in statement of profit & loss) 40,000
1,00,000
Long term borrowing: 8% debentures 4,00,000
2,50,000
Short term provision: Provision for tax 3.60,000
4. Tangible Assets:
15,20,000
Plant and Machinery
(1,20,000)
10,90,000
Less Accumulated depreciation (90,000)
14,00,000 10,00,000
Intangible Assets: Goodwill 1,80,000 70,00,000
You are given the folowing additional information:
(a) A machinerv of the book value of 40,000 (depreciation provided thereon 12,000) was sold at a loss ofR6,000.
(b) 8°% debentures were redeemed on lst July 2021.
Prepare Cash Flow Statement.