EVERWIN GROUP OF CBSE SCHOOLS Amortisation of Goodwill 8,000

(Kolathur-Maduravoyal-Mathur-Perambur-Surapet-Madurantakam-Rajamangalam-Paruthipattu)
CLASS: XII ACCOUNTANCY WORKSHEET Loss on Sale of Machine 20,000
DATE: 26.10.2024 Provision for Taxation 15,000
Transfer to General Reserve 30,000
CASH FLOW STATEMENT
Decrease in Debtors 22,800
1. Calculate ‘Cash from Operating activities’ from the following balances:
Decrease in Bills Payable 4,700
March 31
Outstanding Expenses on 1st Jan ., 2023 5,000
st
Outstanding Expenses on 31 Dec., 2023 6,500
2023 2022

Current Assets and Current Liabilities: 3. Shreshta Ltd made a profit of 1,00,000 after charging depreciation of
`20,000 on fixed assets and a transfer to General Reserve of 30,000. The
Debtors 80,000 60,000 goodwill written off was 7,000 and the gain on sale of Machinery was 3,000.
The other information available (changes in the value of current assets and
Bills Receivable 7,000 10,000 current liabilities) is as follows:

Creditors 50,000 55,000 At the end of the year Debtors showed an increase of 6,000; Creditors an
increase of 10,000, Prepaid expenses an increase of 200, Bills Receivable a
Bills Payable 8,000 6,000
decrease of 3,000, Bills Payable a decrease of 4,000 and outstanding
expenses a decrease of 2,000. Ascertain the cash flow from the operating
Outstanding Expenses 1,000 1,500
activities.
Prepaid Expenses 1,800 1,600
4. From the following information, calculate cash from operating activities:
Accrued Income 800 900
Profit and Loss Account on 1st Jan., 2023 (Credit) 25,000
Income received in advance 700 ------- Profit and Loss Account on 31st Dec., 2023 (Credit) 80,000
Depreciation on Fixed Assets 12,500
Amortisation of Goodwill 8,000
Operating profit before working capital changes was 1,00,000. Loss on Sale of Machine 20,000
Provision for Taxation 15,000
2. From the following information, calculate cash from operating activities: Transfer to General Reserve 30,000
Decrease in Debtors 22,800
Profit and Loss Account on 1st Jan., 2023 (Credit) 25,000 Decrease in Bills Payable 4,700
Profit and Loss Account on 31st Dec., 2023(Credit) 80,000 Outstanding Expenses on 1st Jan ., 2023 5,000
Outstanding Expenses on 31st Dec., 2023 6,500
Depreciation on Fixed Assets 12,500
5. From the Balance sheet of Paul Ltd, Prepare a Cash Flow Statement.

2023( ) 2022( )
Balance in Statement of 1,25,000 80,000
Profit & Loss A/c
Long term Borrowings
10% Loans 2,00,000 1,20,000
Current Liabilities
Trade Payable 20,000 10,000

Short Term Provisions

Provision for taxation 90,000 55,000
Total 9,60,000 6,05,000
II. Assets
Non- Current Assets
Fixed assets:
Tangible
Land & Building 1,80,000 1,20,000
Plant & Machinery 3,00,000 2,00,000
Intangible Goodwill 20,000 40,000
Non- Current 3,00,000 1,00,000
Investments
Current Assets:
Inventories 60,000 45,000
Trade Receivable 80,000 70,000
Cash and Cash Equivalent 20,000 30,000
Total 9,60,000 6,05,000