DO IT YOUR SELF I
Question 1. The profit and loss account of Roy Limited is given here under
Question 2. From the following information calculate net cash from operations
TEST YOUR UNDERSTANDING II
Question 1. Choose one of the two alternatives given below and fill in the blanks in the following statements
Question 2. While computing cash from operating activities, indicate whether the foltowing items witl be added or subtracted from the net profit, if not to be considered write NC.
DO IT YOURSELF II
Question 1. From the following particulars, calculate cash flows form investing activities
Question 2. From the following Information, calculate cash flow from investing and financing activities
SHORT ANSWER TYPE QUESTIONS
Question 1. What is a cash flow statement?
Question 2. How the various activities are classified (as per AS-3 revised) while preparing cash flow statement?
Question 3. State the uses of cash flow statement
Question 4. What are the objectives of preparing cash flow statement?
Question 5. Explain the terms : Cash equivalents, Cash flows.
Question 6. Prepare a format of cash flow from operating activities under direct method and indirect method.
Question 7. Now that you know the meaning of operating activities, state clearly what would constitute the operating activities for the following types of enterprises
Question 8. “The nature/type of enterprise can change altogether the category into which a particular activity may be classified.” Do you agree? Illustrate your answer.
LONG ANSWER TYPE QUESTIONS
Question 1. Describe the procedure to prepare cash flow statement.
Question 2. Describe “Direct” and “Indirect” method of ascertaining cash flow from operating activities.
Question 3. Explain the major cash inflows and outflows from investing activities.
Question 4. Explain the major Cash inflows and outflows from financing activities.
Typical adjustments appearing here include changes in long and short term debt (issuing and redemption), issuing of preferred stock, issuing of common stock, retirement of stock, and stock dividends paid in cash.
Question 1. Anand Ltd arrived at a net income of Rs. 5,00,000 for the year ended March 31, 2007. Depreciation for the year was Rs. 2,00,000. There was a gain of Rs. 50,000 on assets sold which was credited to profit and loss account. Bills receivable increased during the year by Rs. 40,000 and bills payable also increased by Rs. 60,000. Compute the cash flow from operating activities by the indirect approach.
Question 2. From the information given below, you are required to prepare the cash paid for the inventory
Question 3. For each of the following transactions, calculate the resulting cash flow and state the nature of cash flow viz, operating, investing and financing.
Question 4. The following is the profit and loss account of Yamuna Limited
Question 5. Compute cash from operations from
Question 6. From the foltowing Particulars of Bharat Gas Limited, calculate cash flows from investing activities. Also show the workings clearly preparing the ledger accounts.
Question 8. From the foltowing Batance Sheet of Tiger Super Steel Ltd, prepare Cash flow statement.
Question 9. Prepare cash flow statement from the following information
Question 10. From the following information, prepare cash flow statement for Yogeta Ltd.
Question 11. Following is the Financial Statement of Garima Ltd. Prepare cash flow statement.
Question 12. Foltowing is the Balance Sheet of Computer India Ltd