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MODEL PAPER 2025 — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyMODEL PAPER 20256 Marks
Question
(a) From the following information, calculate Cash flow from Operating Activities.
Particulars31 March 202331 March 2024
Surplus i.e Balance in Statement of Profit and Loss6,00,0005,00,000
Provision for Tax1,00,0001,20,000
Trade Receivables2,00,0002,40,000
Trade Payables1,50,0002,00,000
Goodwill2,00,0001,50,000
Additional Information:-
Proposed Dividend for the year ended March 31, 2023 and March 31, 2024 was ₹1,50,000 and ₹1,80,000 respectively.
(b) From the following information calculate the Cash from Investing Activities.
Particulars31 March 202331 March 2024
Machinery (Cost)20,00,00028,00,000
Accumulated Depreciation4,00,0006,50,000
Additional Information:-
(i) Machinery costing ₹ 50,000 (Book Value ₹ 40,000) was lost by fire and insurance claim of ₹ 32,000 was received.
(ii) Depreciation charged during the year was ₹ 3,50,000.
(iii) A part of Machinery costing ₹ 2,50,000 was sold at a loss of ₹ 20,000.
✓

Answer

(a) CASH FLOW FROM OPERATING ACTIVITIES
ParticularsDetailsAmount
Profit Earned during the year(1,00,000) 
Add: Proposed dividend of previous year1,50,000 
Provision for tax for current year1,20,000 
Profit before tax and extraordinary items1,70,000 
Non-operating and Non Cash Items:  
Add: Goodwill amortised50,000 
Operating profit before tax and changes in working capital2,20,000 
Add: Increase in trade payable50,000 
Less: increase in trade receivables(40,000) 
Cash generated from operations2,30,000 
Less: Income tax paid1,00,000 
Cash flow from operating activities 1,30,000
OR
Accumulated Depreciation A/c
ParticularsAmountParticularsAmount
To Machinery A/c (prev. dep on machine damaged)10,000By Balance b/d4,00,000
To Machinery A/c (prev. dep on machine sold)90,000By Depreciation A/c (Charged during the year)3,50,000
To Balance c/d6,50,000  
 7,50,000 7,50,000
DrMachinery A/cCr
ParticularsAmountParticularsAmount
To Balance b/d20,00,000By Accumulated Depreciation A/c10,000
To Bank A/c (Balancing figure)11,00,000By Insurance Company A/c32,000
  By loss by fire A/c8,000
  By Bank A/c1,40,000
  By Loss on Sale A/c20,000
  BY Accumulated Depreciation A/c90,000
  By Balance c/d28,00,000
 31,00,000 31,00,000
Investing Activities
Sale of Machinery1,40,000
Claim received from Insurance Company32,000
Machinery Purchased(11,00,000)
Cash Outflow from Investing Activities(9,28,000)

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