Cash Flow Statements Question Bank [BCOM 2nd Sem CBCS Pattern 2023]

Cash Flow Statements Question Bank

[BCOM 2nd Sem CBCS Pattern 2023]

In this post you will get Cash Flow Statements Question Bank for BCOM 2nd SEM CBCS Pattern. In this Question Bank we will cover Questions asked in the following universities exam:

– Dibrugarh University 

– Gauhati University

– Assam University

1. (2019) From the following Balance Sheets of X Ltd. Co. as on 31^st March, 2016 and 2017, prepare a Statement of Cash Flow as per AS-3:             14

Balance Sheets

Additional Information:

1) Dividend paid during the year Rs. 18,000.

2) Investment costing Rs. 5,000 was sold at a profit of 40%.

3) Fixed Assets costing Rs. 10,000 (provision for depreciation Rs. 4,000) were sold for Rs. 8,500.

4) Additional debentures amount to Rs. 50,000 were issued at par on 1^st August, 2016. Interest on Debenture has been paid regularly.

2. (2017) The following are the Ledger Balances taken from the books of a limited company as on 31^st March:

Credit Balances	2016 Rs.	2017 Rs.	Debit Balances	2016 Rs.	2017 Rs.
Share Capital Sundry Creditors Bills Payable Bank Overdraft Provision for Tax Reserves Surplus A/c	2,00,000 39,500 33,780 59,510 40,000 50,000 39,690	2,60,000 41,135 11,525 – 50,000 50,000 41,220	Cash at Bank Debtors Advances Stock Land & Building Machinery & Plant Goodwill	2,500 85,175 2,315 1,11,040 1,48,500 1,12,950 –	2,700 72,625 735 97,370 1,44,250 1,16,200 20,000
	4,62,480	4,53,880		4,62,480	4,53,880

Additional Information:

a) During the year ended 31^st March, 2017, an additional dividend of Rs. 26,000 was paid.

b) The assets of an another company was purchased for Rs. 60,000 payables in fully paid shares of the company. The assets consisted of stock Rs. 21,640, machinery Rs. 18,360 and goodwill Rs. 20,000. In addition, sundry purchase of plant was made totaling Rs. 5,650.

c) Income tax paid during 2016-17 was Rs. 25,000.

d) The net profit for the year before tax was Rs. 62,530.

Prepare a Cash Flow Statement by indirect method.             14

3. (2017 old course) The following are the Balance Sheets of Blue Sky Co. Ltd. For the years 2014-15 and 2015-16:

Liabilities	2014-15 Rs.	2015-16 Rs.	Assets	2014-15 Rs.	2015-16 Rs.
Share Capital: Shares of Rs. 10 each. P/L A/c 10% Debentures Creditors	3,50,000 50,400 60,000 51,600	3,70,000 52,800 30,000 59,200	Land Goodwill Stock Debtors Cash	1,00,000 50,000 2,46,000 71,000 45,000	1,50,000 25,000 2,13,500 84,500 39,000

Additional information:

(i) Dividend paid during the year – Rs. 17,500

(ii)  Land was revalued during the year at Rs. 1,50,000 and the profit on revaluation transferred to Profit and Loss A/c.

From the above information, prepare a Cash Flow Statement for the year ended 31^st March, 2016.        11

4. (2013) The balance Sheet of good Luck Co. Ltd as on 01.01.2012 and 31.12.2012 were as follows:

Liabilities	1.1.2012	31.12.2012	Assets	1.1.2012	31.12.2012
Share Capital Long-term Debts  Retained Earnings Accumulated Depreciation Sundry Creditor	50,000 14,000 28,000 21,000 2,000	5,300 13.000 37,000 25,000 21,000	Cash Account Receivables Inventories Other Current Assets Fixed Assets	20,000 24,000 31,000 8,000 50,000	25,000 27,000 32,000 7,000 58,000
	1,33,000	1,49,000		1,33,000	1,49,000

Additional information:

(i)      Fixed Assets costing Rs. 12,000 were purchased during 2012 for cash

(ii)    Fixed Assets (original cost Rs. 4,000, accumulated depreciation Rs. 15,000) were sold at book value

(iii)   Depreciation for the year 2012 amounted to Rs. 5,500, which has been debited to Profit & Loss A/C

(iv)  During 2012 dividend paid 3,000

(v)    You are required to prepare Cash Flow Statement as per AS-3 (Revised). 

5. (2012) The following Balance sheets have been prepared by Suman Ltd. For the year ended on 31^st December, 2009 and 2010:

Liabilities	2009 (Rs.)	2010 (Rs.)	Assets	2009 (Rs.)	2010 (Rs.)
Equity share Capital 10% preference share capital 5% Debenture Capital redemption reserve Profit and loss account Creditors Other liabilities	4,00,000 2,00,000 ——- ——- 2,50,000 1,50,000 75,000	5,00,000 ——– 1,00,000 1,00,000 60,000 1,40,000 90,000	Fixed assets Debtors Inventory Cash Preliminary expenses	6,05,000 1,20,000 2,00,000 90,000 60,000	5,70,000 1,40,000 1,80,000 60,000 40,000
	10,75,000	9,90,000		10,75,000	9,90,000

Additional information:

(i) Preference shares were redeemed at 10% premium on 30^th June, 2010 and debentures were issued on the same date.

(ii) Fixed assets were purchased for Rs. 1,95,000.

(iii) Fixed assets at book value of Rs. 1,40,000 were sold for Rs. 80,000.

(iv)  Dividend on equity shares was paid for Rs. 40,000.

Prepare cash flow statement.         14

6. (2011) Following are the summarized Balance sheet of Amcor as on 31^st December, 2008 and 2009:

Additional Information:

1. Divided of RS 23,000 was paid

2. Assets of another company were purchased for a consideration of RS 50,000 payable in shares. The following was further purchased:

– Stock —–Rs 20,000

– Machinery — Rs25, 000

3. Machinery was further purchased for Rs 8,000

4. Depreciation written off on machinery RS 12,000

5. Income tax provided during the year RS 33,000          

6. Loss on sale of machine RS 200 was written off to General Reserve. Prepare a cash flow Statement from the above.

7. (2010) Following are comparative Balance of good Luck Co. Ltd. As on 31^st march:

Liabilities	2008	2009	Assets	2008	2009
Share Capital Debentures General Reserve Profit and Loss A/c Income Tax Provision Trade Creditors Bills Payable Provision for Doubtful Debts	10,00,000 5,00,000 2,00,000 1,10,000 40,000 50,000 20,000 30,000	11,00,000 3,00,000 2,00,000 1,90,000 1,10,000 40,000 30,000 24,000	Goodwill Land and Building Plant and Machinery Closing Stock Debtors Cash Preliminary Expenses	50,000 4,20,000 6,00,000 2,50,000 3,00,000 3,00,000 30,000	40,000 6,60,000 8,00,000 2,10,000 2,40,000 24,000 20,000
	19,50,000	19,94,000		19,50,000	19,94,000

Additional Information:

1.During the year ending 31^st march, 2009, a part of machinery costing Rs 7,500 (accumulated depreciation thereon being 2500) was sold for Rs 3,000

2.Dividend of Rs 1,00,000 was paid during the year ended 31^st march, 2009

3.Income tax of Rs 50,000 was paid during the year 2009

4.Depreciation for the year 2009 was provided as follows:

– Land and Building—-Rs 10,000

– Plant and Machinery—-Rs 50,000

You are required to prepare cash Flow statement by Indirect Method as per AS—(Revised).

PRACTICAL QUESTION BANK (FROM 2012 TO 2022)

ISSUE OF SHARES, RIGHT SHARES AND BONUS SHARES

REDEMPTION OF PREFERECE SHARES

ISSUE AND REDEMPTION OF DEBENTURES

FINAL ACCOUNTS OF COMPANIES

INTERNAL RECONSTRUCTION

AMALGAMATION AND EXTERNAL RECONSTRUCTION

ACCOUNTS OF BANKING COMPANIES

CASH FLOW STATEMENT

ACCOUNTS OF HOLDING COMPANIES

Important Theory Questions for 2023 BCOM Exams available here.