Cash Flow Statement - Problems

1. The following are the summarised balance sheets as on 1.1.08 and 31.12.08
Liabilities 1.1.08 (Rs.) 31.12.08 Assets 1.1.08 (Rs.) 31.12.08
(Rs.) (Rs.)
Creditors 40000 44000 Cash 10000 7000
Loan from X 20000 - Debtors 30000 50000
Loan from 40000 50000 Stock 35000 30000
bank
Capital 125000 153000 Machinery 100000 90000
Provision for 25000 40000 Land 40000 50000
Depreciation
on
Machinery
Building 35000 60000
Total 250000 287000 Total 250000 287000
Machinery costing Rs. 10000 was sold without any loss during the year. Net
Profit for the year amounted to Rs. 50000. Prepare Cash Flow Statement.
2. The Comparative Balance Sheet of Mr. X for two years are as follows.
Liabilities 2007 2008 Asset 2007 2008
Capital 150000 175000 Land and 110000 150000
Building
Loan from 160000 100000 Machinery 200000 140000
bank
Creditors 90000 100000 Stock 50000 45000
Bills Payable 50000 40000 Debtors 70000 80000
Loan from SBI - 25000 Cash 20000 25000
Total 450000 440000 Total 450000 440000
(i) Net Profit for the year 2007 is 60000 and for the year 2008 is 120000
(ii) During the year a machine costing 25000 was sold for 13000
(Accumulated Depreciation Rs.10000)
(iii) The provision for depreciation against machinery as on 2007 was 50000
and 2008 was 95000.
You are required to prepare CFS
3. The comparative balance sheet of Mr. X for the last two years were as follows.
Liabilities 2017 2018 Assets 2017 2018
Loan from - 20000 Cash 11000 15000
Y
Bills 12000 8000 Debtors 40000 35000
Payable
Creditors 25000 52000 Stock 25000 30000
Loan from 43000 60000 Machinery 20000 14000
bank
Capital 66000 34000 Buildings 50000 80000
Total 146000 174000 Total 146000 174000
(i) Net Loss for the year 2008 is Rs 13000
(ii) During the year a machine costing 5000 (accumulated depreciation Rs.2000) was
sold for 2500. The provision for depreciation against machinery as 2017 is Rs.6000
and as on 2018 is Rs. 7000
Prepare cash flow statement.
4. From the summarised balance prepare CFS for the year ended 31.3.2008
Liabilities 31.3.2007 31.3.2008 Assets 31.3.2007 31.3.2008
Share 10000 10000 Goodwill 1200 1200
Capital
General 1400 1800 Land 4000 3600
Reserve
Profit & 1600 1300 Building 3700 3600
Loss a/c
Sundry 800 600 Investments 1000 1100
Creditors
Outstanding 120 100 Inventories 3000 2400
Expenses
Provisions 1600 1800 Bills 2000 2300
for taxation Receivable
Provision 80 100 Bank 700 1500
for bad
debts
Total 15600 15700 Total 15600 15700
Additional Information:
- A piece of land has been sold for Rs.400
- Depreciation of Rs. 700 has been charged on building
- Provisions for taxation Rs 2000 has been made during the year.
5. The Comparative Balance Sheet of Mr. X for two years are as follows.
Liabilities 2007 2008 Asset 2007 2008
Capital 150000 175000 Land and 110000 150000
Building
Loan from 160000 100000 Machinery 200000 140000
bank
Creditors 90000 100000 Stock 50000 45000
Bills Payable 50000 40000 Debtors 70000 80000
Loan from SBI - 25000 Cash 20000 25000
Total 450000 440000 Total 450000 440000
(i) Net Profit for the year 2007 is 60000 and for the year 2008 is 120000
(ii) During the year a machine costing 25000 (accumulated depreciation Rs.
10000) was sold for 13000