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UnitͲ3

MODULE

5 Cash

FlowStatement

PracticalProblems

(With

Solutions)

Steps forsolvingexample:

1. AccordingtothequestionpreparedAdj.P&LAccountandother

necessaryAccount.

2. Applyalladjustmentsontherespecteditemswhichareconnectedto

theaccounts.

3. MarkontheparticulartransactionswhicharegoingtorecordinCFS

also.

4. FindoutbalanceforAdj.P&LAccountandallotheraccounts.

5. Now,prepareCFSwithAdj.Profitbeforetaxandafterdepreciation

andnonͲcashitems.

6. Identifiedoperatingitemslikechangesinworkingcapitalrecordfirst

Flowfromoperatingactivity.

7. Now,identifiedchangesinfixedassetsandinvestmentsandfindout

8. Finally,checkaboutchangesinfinancingactivitiesandfindout

9. Atlast,maketotalofchangesinallactivitiesandaddedopeningBank

andcashbalance.

IllustrationͲ1

Sharecapital

Profit

&lossA/c

Creditors

OutstandingExpenses

Provisionfortax

Prov.forDep.onbuilding1,80,000

75,900

1,20,000

12,000

6,000

60,0002,22,000

81,900

1,17,000

24,000

6,600

66,000FixedAssets:

Land

Building

Current

Assets:

Cash

Debtors

Stock

Advances24,000

1,80,000

30,000

84,000

1,32,000

3,90048,000

2,88,000

36,000

93,000

48,000

4,500

4,53,9005,17,5004,53,9005,17,500

36,000.

ProfitAndLossA/C

Foryearended31.3.06

ParticularRSParticularRS

ToCostofsales

ToWages&salaries

ToGrossprofitc/d

ToOperatingExp.

ToDepreciation

ToProvisionfortax

ToNetprofit

ToproposedDividend

TobalanceCarriedto

balancesheet9,90,0001,20,0001,50,000

ByNetsales

ByGrossprofit

ByProfitonsaleofBuilding

ByBalanceb/d

ByNetProfit(transf.)12,60,000

12,60,00012,60,000

40,000

30,000

44,000

42,0001,50,000

6,000

1,56,0001,56,000

36,000

81,90075,90042,000

1,17,9001,17,900

Solution:

ProvisionfortaxA/c

ParticularsRsParticularsRs

ToBank(taxpaid)

ToBalancec/d

43,400

6,600ByBalanceb/d

ByP&LA/c.(provision)6,000

44,000

50,00050,000

BuildingA/c

ParticularsRsParticularsRs

ToBalanceb/d

ToP&LA/c.(profitonsale)

ToBank(purchase)1,80,000

6,000

1,44,000ByDep.Provisiona/c

ByBank(sale)

ByBalancec/d24,000

18,000

2,88,000

3,30,0003,30,000

DepreciationprovisiononbuildingA/c

ParticularsRsParticularsRs

ToBuildinga/c(dep.)

ToBalancec/d24,00066,000ByBalanceb/d

ByP&LA/c.(current

year'sdep.)

60,00030,000

90,00090,000

AdjustedProfitandLossAccount

ParticularsRsParticularsRs

ToProvisionfortax

ToProv.fordep.onbuilding

ToDividendpaid

ToBalancec/d

44,00030,00036,00081,900

ByBalanceb/d

ByProfitonsaleof

building

ByAdj.Profit75,900

6,000

1,10,000

1,91,9001,91,900

31.3.06(AsperA.S.Ͳ3)

ParticularsAmount

Rs.Amount

Rs. (1)CashFlowfromOperatingActivities:

Add/Less:ChangesinWorkingCapital

- Inc.indebtors(9,000) - Dec.instocks84,000 - Inc.inadvances(600) - Dec.increditors(3,000) - Inc.inOutstandingexpenses12,000

Cashflowsfromoperatingactivities1,93,400

Less:TaxPaid43,400

(2)CashFlowfromInvestingActivities: - PurchaseofLand(referquestionassetsside)(24,000) - PurchaseofBuilding(referbuildingA/c.)(1,44,000) - Saleofbuilding(referbuildingA/c.)18,000 (3)CashFlowfromFinancingActivities: - IssuedEquityShares42,000 - Dividendpaid(36,000)

NETCASHFLOWFROMALLACTIVITES(A+B+C)6,000

Add:OpeningCashandBankBalance30,000

Closing

CashandBankBalance36,000

Illustration:2

Creditors36,00041,000Cash4,0003,600

Loan fromPartnerͲ20,000Debtor35,00038,400 Loan fromBank30,00025,000Stock25,00022,000

Capital1,48,0001,49,000Land20,00030,000

Building50,00055,000

Machinery80,00086,000

2,14,0002,35,0002,14,0002,35,000

During

Prepare

acashflowstatement.

Solution:

MachineryAccount

ParticularsRsParticularsRs

ToBalanceb/d

ToProv.fordepreciation

ToBank(purchase)?

80,00027,000

15,000ByProv.fordepreciation

ByBalancec/d

36,000

86,000

1,22,0001,22,000

ParticularRs.Rs.

1.Cashflowsfromoperatingactivities:

Netprofitbeforetax

Adjustmentfordep.

Inc.incurrentliabilities

Inc.indebtor

Decreaseinstock

Netcashfromoperatingactivities

2.

Cashflowsfrominvestingactivities

Purchaseofland

Purchaseofbuilding.

Purchaseofmachinery

Netcashfrominvestingactivities

3.

Cashflowsfromfinancingactivities:

Loan

Repaymentofbankloan

PaymentofDividends

Netcashfromfinancingactivities

NetCashFlowfromallactivities(A+B+C)

Add:openingcashbalance

Closingcashbalance

27,000

9,000

36,000

5,000 (3,400) 3,000 (10,000) (5,000) (15,000)40,600

20,000

(5,000) (26,000)(30,000) (11,000) (400) 4,000 3,600 W. N.

Netprofitbeforetax.

Capital(1.1.05)

Capital(31.12.05)

Diff.

Add.Dividends

1,48,000

1,49,000

1,000

26,000

27,000

Illustration:3

follows:

Liabilities20052006Assets20052006

Sharecapital

GeneralReserve

P&la/c

Creditors

Taxprovision

Mortgageloan

4,50,0003,00,000

56,000

1,68,000

75,000

Ͳ4,50,0003,10,000

68,000

1,34,000

10,000

2,70,000Fixedasset

Investment

Stock

Debtor

Bank

4,00,000

50,000

2,40,000

2,10,000

1,49,0003,20,000

60,000

2,10,000

4,55,000

1,97,000

10,49,00012,42,00010,49,00012,42,000

AdditionalDetails:

1. InvestmentcostingRs.8,000weresoldforRs.8,500

2. TaxprovisionmadeduringtheyearwasRs.9,000

3. DuringtheyearpartoffixedassetscostingRs10,000wassoldforRs12,000and

statementfor2006.

Solution:

ParticularRs.Rs.

1.Cashflowsfromoperatingactivities:

onInvestment&FixedAssetnotconsidered)

Adjustmentfor:

Dep.

Profit

onsaleofinvestment

Profit

onsaleofFixedassets

Dec.instock

Dec.increditor

Inc.indebtor

Incometaxpaid

Netcashfromoperatingactivities

31,000

70,000

(500) (2,000)

30,000

(34,000) (2,45,000) (74,000) (2,24,500)

2.Cashflowsfrominvestingactivities:

Investment

purchased

Saleofinvestment

SaleofFixedassets

Netcashfrominvestingactivities

3.Cashflowsfromfinancingactivities:

Mortgageloantaken

NetCashFlowfromallactivities(A+B+C)

Add:openingcashbalance

Closingcashbalance

(18,000) 8,500

12,000

2,500

2,70,000

48,000

1,49,000

1,97,000

FixedAssetsA/c

ParticularsRsParticularsRs

ToBalanceb/d

ToProfitandLossa/c

4,00,000

2,000ByBanka/c

ByDep.

ByBalancec/d

12,00070,000

3,20,000

4,02,0004,02,000

ProvisionfortaxA/c

ParticularsRsParticularsRs

ToBank(taxpaid)

ToBalancec/d

74,00010,000

ByBalanceb/d

ByP&LA/c(provision)75,000

9,000

84,00084,000

Investment

A/c

ParticularsRsParticularsRs

ToBalanceb/d

ToP&LA/c

ToBank(purchase)50,000

500

18,000

68,500ByBank(sale)

ByBalancec/d8,500

60,000

68,500

AdjustedP&LA/c

ParticularsRsParticularsRs

ToProvisionfortax

ToProvisionforG.R.

ToBalancec/d

9,000

10,000

68,000

87,000ByBalanceb/d

ByProfitonsaleofInv.

ByProfitonsaleofF.A.

ByAdjustedProfit56,000

500
2,000

28,500

87,000

Illustration:4

Prepare

Sharecapital

8%debenture

Retainedearning

Creditors

Bills payable

Taxprovision1,00,000

60,000

40,000

20,000

30,0004,00,0002,00,000

90,000

1,00,000

40,000

40,000Goodwill

Machinery

Stock

Debtor

Bank Cash

1,25,000

20,000

30,000

50,000

25,00020,000

4,75,000

80,000

1,00,000

1,50,000

45,000

2,500008,70,0002,50,0008,70,000

AdditionalDetails:

1. During2006thebusinessofasoletraderwaspurchasedbyissuingshareforRs.

2,00,000.Theassetsacquiredfromhimwere:

30,000

2. Provisionfortaxchargedin2006wasRs.35,000

3. Thedebenturewasissuedatapremiumof5%whichisincludedintheretained

earnings.

4. DepreciationchargedonmachinerywasRs.30,000.

Solution:

Particular

Rs Rs 1.

Cashflowsfromoperatingactivities:

Netprofitbeforetax

Adjustmentfor:

Dep.Onmachinery

Inc..increditor

Inc..inbillspayable

Inc.instock

Inc..indebtor

Incometaxpaid

Netcashfromoperatingactivities

2.

Cashflowsfrominvestingactivities:

Machinerypurchased

Netcashfrominvestingactivities

55,000

30,000

60,000

20,000

(10,000) (40,000) (25,000) (2,80,000)90,000 (2,80,000)

3.Cashflowsfromfinancingactivities

Issueofshares

Issueofdebenture

Cashflowsfromfinancingactivities

Netinc.incashequivalents

Add:openingcashbalance

Closing

cashbalance

1,00,000

2,10,000

3,10,000

1,20,000

75,000

1,95,000

ProvisionfortaxA/c

ParticularsRsParticularsRs

ToBank(taxpaid)

ToBalancec/d

25,000

40000ByBalanceb/d

ByP&LA/c(provision)30,000

35,000

65,00084,000

MachineryA/c

ParticularsRsParticularsRs

ToBalanceb/d

ToBank(purchase)

ToVendor

1,25,0002,80,0001,00,000

ByDepreciation

ByBalancec/d

30,000

4,75,000

5,05,0005,05,000

ShareCapitalA/c

ParticularsRsParticularsRs

ToBalancec/d

4,00,000ByBalanceb/d

ByVendor

ByBank1,00,000

2,00,000

1,00,000

4,00,0004,00,000

Illustration:5

Liabilities20062007Assets20062007

Sharecapital

GeneralReserve

Creditors

Taxprovision

Prov.fordoubtfuldebt1,00,000

38,400

9,750

19,000

1,0001,00,000

42,000

6,380

21,000

1,200Building

Plant andMachinery

Goodwill

Investment

Stock

Debtor

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