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P2 C6 CASH FLOW STATEMENT Elements of Account - P2 C6 CASH FLOW STATEMENT

Gujarat Board (GSEB) - STD 12 Commerce - Elements of Account (GSEB - English Medium). 48 questions in this chapter.

Question types

P2 C6 CASH FLOW STATEMENT question types

48 questions across 3 question groups — pick any mix to generate a Elements of Account paper with step-by-step answer keys.

48
Questions
3
Question groups
5
Question types
Sample Questions

P2 C6 CASH FLOW STATEMENT questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ1 Mark
A company has received interest on investment $₹ 20,000,$ Machinery purchased $₹ 90,000,$ interest on bank loan paid $₹ 6000,$ sale of investments $₹ 75,000.$ Determine cash flow from investment activity.
  • ✓
    Cash inflow $₹ 5000$
  • B
    Cash outflow $₹ 5000$
  • C
    Cash inflow $₹ 1,45,000$
  • D
    Cash outflow $₹ 1,39,000$

Answer: A.

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Q 2MCQ1 Mark
Loss of sale of asset is component of$...$
  • ✓
    operating activity
  • B
    finance activity
  • C
    investment activity
  • D
    investment and operating activity

Answer: A.

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Q 3MCQ1 Mark
Which of the following transaction is neither non-cash transaction nor provision ?
  • A
    Depreciation
  • B
    Conversion of debenture into equity share
  • ✓
    Redemption of preference share
  • D
    Issue of debenture other than cash consideration

Answer: C.

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Q 4MCQ1 Mark
Dividend paid on share capital is always$...$
  • ✓
    Finance activity
  • B
    Operating activity
  • C
    Investment activity
  • D
    Either finance or investment activity

Answer: A.

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Q 5MCQ1 Mark
Which items of equity and liabilities side of balance sheet is not included as finance activity?
  • A
    Equity
  • B
    Equity and non-current liabilities
  • C
    Non-current liabilities
  • ✓
    Current liabilities

Answer: D.

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Q 114 Marks Each4 Marks
From the given below information compute cash flow from financial activities :
Additional information : $(1)\ ₹ 22,000$ paid for interest on bank loan and debentures.
$(2)$ Equity share dividend paid $₹ 30,000.$
$(3)$ Preference share dividend paid $₹ 30,000.$
$(4)$ Bank overdraft interest $₹ 5000$ paid.
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Q 134 Marks Each4 Marks
From the following information, compute cash flow from investment activities :
Additional information : $(1)$ Interest received on investments $₹ 20,000$
$(2)$ Some patents were sold during the year.
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Q 154 Marks Each4 Marks
From the following transactions compute cash flow from operating activities :
Additional information : $(1)$ Rent received $₹ 3000$
$(2)$ Profit on sale of machine $₹ 4000,$
$(3)$ Profit on sale of furniture $₹ 5000$
$(4)$ Debenture interest paid $₹ 28,000$
$(5)$ Dividend paid $₹ 15,000$
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