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Test Papers Designed By : Dr. Vinod Kumar (e-mail : authorcbse@gmail.

com)
Dr. Vinod Kumar is a great name in the field of Accountancy.
He is author of very popular book Ultimate Book of Accountancy class 12th and 11th.

Contact Detail : Vishvas Publications 09216629576 and 09256657505


Website : http://bestaccountancybook.in/ and http://vishvasbooks.com/
CBSE TEST PAPER-03
Class - XII Accountancy (Cash Flow Statement)

Topic : Cash Flow Statement - Part 3

1.

Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Libra Ltd. as at 31.3.2013 and 31.3.2012 :
Note
No.

Particulars

2013

2012

I Equity and Liabilties


1. Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus

8,00,000
4,00,000

6,00,000
3,00,000

2. Non-current Liabilities
Long Term Borrowings

1,00,000

1,50,000

40,000
13,40,000

48,000
10,98,000

8,50,000
2,32,000

5,60,000
1,60,000

50,000
76,000
38,000
94,000

1,34,000
82,000
92,000
70,000

13,40,000

10,98,000

3. Current Liabilities
(a) Trade Payables
Total
II

ASSETS
1. Non-current Assets
(a) Fixed Assets:
(i)
Tangible Assets
(b) Non-current Investments
2. Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
Total

Notes to Accounts
Note - 1

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Particulars

2013

2012

1 Reserves and Surplus


Surplus (Balanace in Statement of P/L)

4,00,000

3,00,000

Show your working clearly.


2.

Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Libra Ltd. as at 31.3.2013 and 31.3.2012 :
Note
No.

Particulars

2013

[6]

2012

I Equity and Liabilties


1. Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus

2,10,000
1,32,000

1,80,000
24,000

2. Non-current Liabilities
Long Term Borrowings

1,50,000

1,50,000

75,000
5,67,000

27,000
3,81,000

ASSETS
1. Non-current Assets
(a) Fixed Assets:
(i)
Tangible Assets
(b) Non-current Investments

2,94,000
48,000

2,52,000
18,000

2. Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents

54,000
1,07,000
40,000
24,000

60,000
24,000
17,500
9,500

5,67,000

3,81,000

3. Current Liabilities
Trade Payables
Total
II

Total

Notes to Accounts
Note - 1
Particulars
1 Reserves and Surplus
Surplus (Balanace in Statement of P/L)

2013

2012

1,32,000

24,000

Show your working clearly.


3.

Prepare a Cash Flow Statement on the basis of the information given in the Balance

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Sheet of Libra Ltd. as at 31.3.2013 and 31.3.2012 :


Note
No.

Particulars

2013

2012

I Equity and Liabilties


1. Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus

2,00,000
90,000

1,50,000
75,000

2. Non-current Liabilities
Long Term Borrowings

87,500

87,500

10,000
3,87,500

76,000
3,88,500

1,87,500
1,05,500

1,40,000
1,02,500

12,500
4,000
9,500
68,500

33,500
5,500
23,000
84,000

3,87,500

3,88,500

3. Current Liabilities
Trade Payables
Total
II

ASSETS
1. Non-current Assets
(a) Fixed Assets:
(i)
Tangible Assets
(b) Non-current Investments
2. Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
Total

Notes to Accounts
Note - 1
Particulars
1 Reserves and Surplus
Surplus (Balanace in Statement of P/L)

2013

2012

90,000

75,000

Show your working clearly.

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4.

Following are the Balance Sheets of Krishtec Limited for the year ended 31st March 2011 and
2012:
Particulars
2011-12
2010-11
I. Equity and Liabilities
(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(Statement of P/L)
(2) Non-current Liabilities:
Long term borrowings
(3) Current Liabilities:
Trade Payables
Total
II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(2) Current Assets:
(a) Inventories
(b) Trade Receivables
(c) Cash and Cash Equivalents

Total

7,00,000
2,00,000

6,00,000
1,10,000

3,00,000

2,00,000

30,000
12,30,000

25,000
9,35,000

11,00,000

8,00,000

70,000
32,000
28,000

60,000
40,000
35,000

12,30,000

9,35,000

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Adjustments:
During the year a piece of Machinery of the book value of Rs.80,000 was sold for
Rs.65,000. Depreciation provided on tangible assets during the year amounted to
Rs.2,00,000. Prepare a Cash Flow Statement.

5.

Following are the Balance Sheets of Krishtec Limited for the year ended 31st March 2011 and
2012:
Particulars
I. Equity and Liabilities
(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(Statement of P/L)
(2) Non-current Liabilities:
Long term borrowings
(3) Current Liabilities:
Trade Payables
Total

2011-12

2010-11

12,00,000
3,50,000

8,00,000
4,00,000

4,40,000

3,50,000

60,000
20,50,000

50,000
16,00,000

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II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(2) Current Assets:
(a) Inventories
(b) Trade Receivables
(c) Cash and Cash Equivalents
Total

12,00,000

9,00,000

2,00,000
3,10,000
3,40,000

1,00,000
2,30,000
3,70,000

20,50,000

16,00,000

Prepare a Cash Flow Statement after taking into account the following adjustment:
(a) The Company paid interest Rs.36,000 on its long term borrowings.
(b) Depreciation charged on tangible fixed assets was Rs.1,20,000.

6.

Following are the Balance Sheets of Krishtec Limited for the year ended 31st March 2011 and
2012:
Particulars

2011-12

I. Equity and Liabilities


(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(Statement of P/L)
(2) Non-current Liabilities:
Long term borrowings
(3) Current Liabilities:
Trade Payables
Total
II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(ii) Intangible Assets
(b) Non-current Investments
(2) Current Assets:
(a) Inventories
(b) Trade Receivables
(c) Cash and Cash Equivalents

Total

2010-11

20,00,000
3,00,000

17,00,000
4,00,000

3,00,000

2,00,000

50,000
26,50,000

25,000
23,25,000

8,00,000
5,00,000
3,00,000

9,00,000
2,00,000
4,00,000

4,00,000
1,50,000
5,00,000

5,00,000
1,25,000
2,00,000

26,50,000

23,25,000

Additional Information:
Depreciation on Tangible Assets was charged Rs.1,00,000 during the year.

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7.

Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Vinod Limited as at 31.3.2012 and 2011:
Note
No.

Particulars

I. Equity and Liabilities


(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(2) Non-current Liabilities:
Long term borrowings
(3) Current Liabilities:
Trade Payables

2011-12

70,000
44,000

60,000
8,000

50,000

42,000

25,000
1,89,000

17,000
1,27,000

82,000
16,000
16,000

64,000
20,000
6,000

18,000
49,000
8,000

20,000
12,000
5,000

1,89,000

1,27,000

Total
II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(ii) Intangible Assets
(b) Non-current Investments
(2) Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Cash and Cash Equivalents

Total

Notes to Accounts
Particulars

2010-11

2012

2011

1 Reserves and Surplus


General Reserve
Surplus (Balanace in Statement of P/L)

30,000
14,000

20,000
(12,000)

2. Long Term Borrowings


10% Debentures

50,000

42,000

3. Intangible Assets
Goodwill

16,000

20,000

Additional information:
(i)
Depreciation provided on Tangible Assets (Machinery) during the year
Rs.8,000.
(ii) Interest paid on Debentures Rs.4,200
(iii) Interest received on Non-current Investment Rs.600
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8.

Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Vinod Limited as at 31.3.2012 and 2011:
Note
No.

Particulars

I. Equity and Liabilities


(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(2) Non-current Liabilities:
Long term borrowings (9% Deposit)
(3) Current Liabilities:
Short Term Provision
Total
II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(ii) Intangible Assets
(2) Current Assets:
(a) Inventories
(b) Trade Receivables
(c) Cash and Cash Equivalents

Total

Notes to Accounts:
Particulars

2011-12

2010-11

14,00,000
5,00,000

10,00,000
4,00,000

6,00,000

2,00,000

80,000
25,80,000

60,000
16,60,000

2
3

16,00,000
1,40,000

9,00,000
2,00,000

2,50,000
5,00,000
90,000

2,00,000
3,00,000
60,000

25,80,000

1,27,000

2012

2011

1 Short Term Provisions


Provision for Taxes

80,000

60,000

2. Tangible Fixed Assets


Machinery

16,00,000

9,00,000

1,40,000

2,00,000

3. Intangible Assets
Goodwill

Additional information:
(i)
Depreciation provided on Tangible Assets (Machinery) during the year
Rs. 2,00,000.
(ii) Interest paid on Deposits (Long term borrowings) Rs.45,000
(iii) The net profit earned during the year before tax Rs.1,00,000

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