Prepare Cash Flow Statement from the following Balance Sheet: Additional Information:(i) An old machinery having book value of ₹50,000 was sold for ₹60,000. Additional Information: Proposed Dividend for the years ended 31st March, 2018 and 2019 are ₹ 4,00,000 and ₹ 5,00,000 respectively.Prepare the Note to show Net Profit before Tax and Extraordinary Items. (i) During the year a piece of machinery costing ₹ 60,000 on which depreciation charged was ₹ 20,000 was sold at 50% of its book value. From the following information, prepare Cash Flow Statement: From the following Balance Sheet of Young India Ltd., prepare Cash Flow Statement: BALANCE SHEET OF YOUNG INDIA LTD.as at 31st March, 2019, (b) Reserves and Surplus: Surplus, i.e., Balance in Statement of Profit and Loss, Following is the Balance Sheet of Fine Products Ltd. as at 31st March, 2019, Surplus, i.e.,Balance in Statement of Profit and Loss. Following are the Balance Sheets of Krishtec Ltd. for the years ended 31st March 2012 and 2011: (b) Reserves and Surplus (Surplus, i.e., Balance in Statement of Profit and Loss), Prepare a Cash Flow Statement after taking into account the following adjustments:(a) The company paid Interest ₹36,000 on its long-term borrowings. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. The description of Account Class-12 Solution TS Grewal Vol-1 & 3 2020 Many of the Students find Account the hardest and the time taking subject at school. X, Y and Z are partners sharing profits and losses in the ratio of 5:3:2. f) If you are preparing for Chartered Accountancy too, then also its advisable to go through this book to properly prepare for the exams. (c) Sold machinery of original cost of ₹2,00,000 with an accumulated depreciation of ₹1,60,000 for ₹60,000. In the beginning of the year, a part of plant was sold for ₹45,000 which had a written down value of ₹30,000.Calculate Cash Flow from Investing Activities, From the following details. On comparing it with the Cash Book the following discrepancies were noted: (i) Cheques were paid into the bank in March but were credited in April: Scientific and technological developments contribute to progress and help improve our standards of living. TS Grewal Solutions for Class 11 and 12 act ⦠Prepare a Cash Flow Statement after taking into account the following adjustments: (a) The company paid Interest ₹36,000 on its long-term borrowings. (e) Loans taken. (d) Purchase of Land and Building for ₹10,00,000. From the following Balance Sheet of Mishi Ltd. as at 31st March, 2019, prepare Cash Flow Statement: Surplus i.e., Balance in the Statement of Profit and Loss. 1. Refer to TS Grewal class 11 solutions 2020 chapter 2 numericals with solutions every two days for regular practice. From the following Balance Sheet and information of Volvo Ltd., prepare Cash Flow Statement: (b) Other Current Liabilities−Premium on Redemption of Preference Shares, (b) Non-Current Investments (10% Investments). Grewal's Solutions for all books for CBSE Class 12. Before initiating the examination there are few key aspects which the... BRICSMATH.COM is an annual International Online Competition in Mathematics, for students of classes I – XII of 07 BRICS countries (Brazil, Russia, India, China and South Africa, Indonesia and Vietnam). From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: Additional Information:1. Meritnation.com gives its users access to a profuse supply of TS Grewal-II (2019) questions and their solutions. You are required to prepare Cash Flow Statement for the year ended 31st March, 2019. The solutions have been made according to suggested CBSE syllabus and suggested answers by accountancy teachers which will help you to get good marks and can be used for preparing for examination or daily practice work. A plot of land was purchased out of the surplus funds for investment purposes and was let out for commercial use. (ii) Tax of ₹ 53,000 was paid during the year.Prepare Cash Flow Statement. Grewal's Double Entry Book Keeping: Accounting for Not-for-Profit Organizations and Partnership Firms (Volume 1) Textbook for CBSE Class 12 (2020-21 Session), Solutions for T.S. Depreciation to be charged on machinery ₹ 14,000 and building ₹ 10,000. Prepare Cash Flow Statement from the following: STATEMENT OF PROFIT AND LOSSfor the year ended 31st March, 2019, (c) Short-term Provision: Provision form Tax, (a) Short-term Investments (Marketable Security), Surplus, i.e., Balance in Statement of Profit and Loss. Solutions for T.S. Here we are providing the solutions to all the chapters of TS Grewal Accountancy Class 12 Textbook for the students. TS Grewal Solutions Class 12 Accountancy Books 2020 2021 edition, TS Grewal Accountancy Solutions for Class 12, TS Grewal Solution Class 12 Chapter 1 Accounting for Partnership Firms Fundamentals (2018 2019), TS Grewal Solution Class 12 Chapter 2 Accounting for Partnership Firms Fundamentals (2019-2020), TS Grewal Solution Class 12 Chapter 2 Goodwill Nature and Valuation (2018 2019), TS Grewal Solution Class 12 Chapter 3 Change in Profit Sharing Ratio (2018 2019), TS Grewal Solution Class 12 Chapter 3 Goodwill Nature and Valuation (2019 2020), TS Grewal Solution Class 12 Chapter 4 Change in Profit Sharing Ratio Among the Existing Partners (2019-2020), TS Grewal Solution Class 12 Chapter 5 Admission of a Partner (2019 2020). TS Grewal Solutions have been one of the most widely read book by commerce students of Class 11 and Class 12 for Accountancy. (ii) During the year, Non-current Investments costing ₹ 80,000 were sold at a profit of ₹ 16,000. Using TS Grewal Class 12 solutions Accounting Ratios exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. TS Grewal Solutions for Class 11 Accountancy Chapter 20 â Financial Statements of Not-for-Profit Organisations Question 1. From the following information, calculate Cash Flow from Financing Activities: During the year, the company repaid a loan of ₹1,00,000. Tax paid during the year ₹ 75,000. Patents written off to the extent of ₹ 20,000. 2. Dividend paid during the year ₹ 50,000. 12% Debentures were redeemed on 31st March, 2015. These will be really helpful to test your understanding. Machinery was purchased during the year ₹ 33,000.5. (ii) Current Assets and Current Liabilities of the business for the year ended 31st March, 2018 and 2019 are as follows: Calculate Cash Flow from Operating Activities from the following information:INCOME STATEMENT (STATEMENT OF PROFIT AND LOSS)for the year ended 31st March, 2019, Change in Inventories of Finished Goods and Work-in-Progress, Interest on Debentures held as Investments, Mars Ltd. has Plant and Machinery whose written down value on 1st April, 2017 was ₹9,60,000 and on 31st March, 2018 was ₹10,50,000. High Order... Access latest VBQ, Value Based Questions for Class 12 Accountancy as per CBSE and NCERT syllabus. Compute Cash Flow from Operating Activities from the following: An asset costing ₹ 40,000 having book value of ₹ 28,000 was sold for ₹ 36,000. (i) An old machinery having book value of ₹50,000 was sold for ₹60,000. (b) Paid ₹2,50,000 to acquire shares in Informa Tech Ltd. and received a dividend of ₹50,000 after acquisition. TS Grewal Textbook Solutions are outlined by subject matter experts. The profit and loss account of Roy Limited is given here under. These solutions for CBSE Class 12 are outlined keeping in mind the current CBSE syllabus, hence possessing a great chance of appearing in the board examinations. They admit A into partnership and give him 1/5th share of profits. (b) Sale of goods against cash. T. S. Grewal Solutions for Class 12-commerce Accountancy CBSE, 5 Cash Flow Statements. Chapter 1 Company Accounts Financial Statements of Not-for-Profit Organisations; Chapter 2 Accounting for Partnership Firms â Fundamentals; Chapter 3 Goodwill: Nature and Valuation; Chapter 4 Change in Profit â Sharing Ratio Among the Existing Partners Additional Information:1. Calculate Cash Flow from Operating Activities. Note: Proposed Dividend for the years ended 31st March, 2016 and 2017 are ₹ 50,000 and ₹ 75,000 respectively.Additional Information: ₹ 1,00,000, 10% Debentures were issued on 31st March, 2017. Depreciation for the year was ₹35,000. Download solutions... Download latest 2021 Sample Papers for Class 12 Accountancy as per CBSE NCERT pattern and syllabus. Solution: Question 5. Calculate Net Profit before Tax and Extraordinary Items of Premier Sales Ltd. from its Balance Sheet as at 31st March, 2019: (b) Reserves and Surplus(Surplus, i.e.,Balance in Statement of Profit and Loss). Plant and Machinery with a Book Value of ₹ 60,000 was sold for ₹ 40,000.3. You are required to prepare Cash Flow Statement. Interim Dividend paid during the year was ₹ 9,000. Interest on investments for the year was duly received. calculate Cash Flow from Investing Activities. (g) Payment of Interim Dividend. Ltd. as at 31st March, 2015. Following was the Balance Sheet of M.M. Get the free view of chapter 4 Cash Flow Statement Class 12 extra questions for Class 12 Accountancy - Analysis of Financial Statements and can use Shaalaa.com to keep it handy for your exam preparation. Download latest curriculum with important topics, chapter weightage, topic wise... Download HOTs Questions for Class 12 Accountancy for all important topics in Class 12 Accountancy based on CBSE NCERT syllabus and latest pattern. TS Grewal-II (2019) Solutions are considered an extremely helpful resource for exam preparation. Goodwill amortised was ₹ 7,000, and gain on sale of machinery was ₹ 3,000. During the year, machine costing ₹ 90,000 with accumulated depreciation of ₹ 60,000 was sold for ₹ 50,000.2. From the following Balance Sheet of Akash Ltd. as at 31st March 2014: Surplus,i.e.,Balance in Statement of Profit and Loss. On this page you can access free TS Grewal Accountancy Class 12 Solutions for 2020 2021 edition book for Volume 1, 2 and 3. 1. 2. That's not true, indeed, if you know how to appreciate the beauty of this app and how to use and get good results in this subject. Enter pincode to get tutors in your city. TS Grewal Solutions for Class 11 Accountancy Chapter 9 - Bank Reconciliation Statement Q.12 Bank Statement of a customer shows bank balance of â¹ 62,000 on 31st March, 2019. It was let out for commercial purpose and the rent received was ₹ 20,000.2. Dividend received from Damodar Ltd. @ 12%.3. From the following Balance Sheet of SRS Ltd. and the additional information as on 31st March, 2016, prepare a Cash Flow Statement: SRS Ltd.BALANCE SHEET as on 31st March, 2016. A piece of land was purchased as an investment out of surplus. TS Grewal solutions for Class 12 Accountancy - Analysis of Financial Statements chapter 4 (Cash Flow Statement) include all questions with solution and detail explanation. The relevant extract from Balance Sheet as at 31st March, 2019 is: Depreciation charged on Plant and Machinery ₹ 55,000, insurance claim received ₹ 50,000, gain (profit) on sale of investment ₹ 20,000 appeared in the Statement of Profit and Loss for the year ended 31st March, 2019. Calculate Cash Flow from Operating Activities from the following details: Compute Cash Flow from Operating Activities from the following information: Calculate Cash Flow from Operating Activities from the following:(i) Profit form the year is ₹ 7,00,000 after considering the following items: (ii) Following is the position of Current Assets and Current Liabiliites. Public applied for 4,50,000 shares and allotment was made to [â¦] From the following Balance Sheet of Samta Ltd., as at 31st March, 2019, prepare Cash Flow Statement: Additional Information : (i) During the year a piece of machinery costing ₹ 60,000 on which depreciation charged was ₹ 20,000 was sold at 50% of its book value. Identify the transactions as belonging to (i) Operating Activities, (ii) Investing Activities, (iii) Financing... Q2. 1. Additional Information:1. 1. All the Solutions in TS Grewal are clear to comprehend. (ii) Dividend on Equity Shares @ 8% was paid on Opening Balance. Depreciation provided on tangible Assets ₹ 60,000;(ii) Income tax ₹ 45,000 was provided;(iii) Additional Debentures were issued at par on 1st October, 2018 and Bank Loan was repaid on the same date;(iv) At the end of the year Preference Shares were redeemed at a premium of 5%. Grewal's Double Entry Book Keeping Accounting for Companies: Textbook for CBSE Class 12 Volume 2 (2020-21 Session), Solutions for T.S. From the following particulars, calculate Cash Flow from Investing Activities. Access NCERT Solutions for Class 12 Accountancy. 12% Debentures were redeemed on 31st March, 2015.2. (ii) A machine with a book value of ₹20,000 was sold for ₹12,500; (iii) Depreciation charged during the year was ₹35,000; (iv) Preference shares were redeemed on 31st March, 2018 at a premium of 5%; (v) An Interim dividend of ₹5,000 was paid on equity shares on 31st March, 2019 out of General Reserve; (vi) Fresh equity shares were Issued on 31st March, 2019; and. On this page we have provide you links to download solutions for TS Grewal Accountancy book for class 12. During the year, a machine costing ₹ 25,000 (accumulated depreciation thereon ₹ 15,000) was sold for ₹ 13,000. T.S. Prepare Cash Flow Statement. You can click on the above links to download in pdf the solutions for all previous editions of the book. (i) ₹50,000, 12% Debentures were issued on 31st March, 2016. TS Grewal class 11 solutions 2020 chapter 2 pdf is easily accessible and is a good resource for quick revision and contains topics like Assets, Liabilities, Shareholderâs Equity and balance Sheet with solved numerical examples. (ii) An Interim Dividend of ₹ 40,000 on Equity Shares was paid.Calculate Net Profit before Tax and Extraordinary Items. Right now we added the solutions of the class 12th text book(TS Grewal Vol-iii Edition-2018) in this app, which help you get the answers in on just single click and through which you get better understanding on the questions. Click... 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