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ASSIGNMENT OF CASH FLOW STATEMENT - 4 RANKERS

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					ASSIGNMENT OF CASH FLOW STATEMENT
ACCOUNTS
HIMANSHU RANA



Time 1 hr                                                                                              MM : 25

Q1. Fill in the blanks with suitable word/words                                                                  (4)
(i) Cash flow statement deals with flow of cash which includes cash and ...................
(ii) Cash flow statement is a .................... statement.
(iii) Cash flow statement shows cash .................... and .................... during a particular period.
(iv) As per AS 3 (revised), cash fund includes cash, demand deposit with bank and ....................

Q2. Classify the following into cash flows from operating activities investing activities financing activities
(a) Cash sale of goods                                                                               (5)
(b) Cash paid to suppliers of raw material
(c) Cash payments of salaries and wages to employees.
(d) Cash payment to acquire fixed assets
(e) Cash proceeds from issues of shares at premium.
(f) Payment of dividend
(g) Interest received on investment
(h) Interest on debenture
(i) Payment of income tax
(j) Cash payment of a long term loan
Q3. Prepare cash flow statement from the following information of the LLp co.                        (16)
                            Sources & Uses of Fund
                           Current and Fixed Assets
Current Assets:                                            2002          2001
Cash and cash equivalents                                $155          $170
Short-term investments                                   $80           $70
Accounts receivable, net                                 $250          $190
Inventory                                                $210          $170
Prepaid expenses/other assets                            $15           $40
  Total Current Assets                                   $710          $640
Fixed Assets:
Property, plant and equipment, net                       $1,020        $810
  Total Assets                                           $1,730        $1,450
                       Liabilities & Shareholder's Equity
Current liabilities:
Accounts payable                                         $380          $290
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ASSIGNMENT OF CASH FLOW STATEMENT
ACCOUNTS
HIMANSHU RANA

Accrued expenses                                     $120         $160
Wages Payable                                        $170         $80
Income Tax Payable                                   $80          $40
  Total current liabilities                          $750         $570
Long-term liabilities:
Long-term debt                                       $220         $190
  Total Liabilities                                  $970         $760
Shareholder's equity:
Common Stock                                         $540         $480
Retained Earnings                                    $220         $210
  Total stockholders' equity                         $760         $690
Total liabilities & Equity                           $1,730       $1,450




Q6. From the following balance sheets of ABC Ltd., Find out cash from operating activities only. (5)



                                 Balance Sheet of Zeal Ltd. as at March 31, 2002

Liabilities        2001       2002                            Assets          2001        2002

Equity Capital 10,00,000             15,00,000                Land            9,00,000    11,00,000

Reserve               8,10,000       10,15,000                Buildings       12,50,000   19,00,000

10% Debenture 4,00,000               6,00,000

Accounts Payable 3,20,000            2,90,000                 Inventory       2,10,000    2,15,000

o/s expenses       20,000            65,000                   Bills Receivable 1,70,000   1,85,000

Provision for                                                 Cash on hand    25,000      90,000

taxation           20,000            30,000                   Preliminary

                                                              Expenses        15,000      10,000
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ASSIGNMENT OF CASH FLOW STATEMENT
ACCOUNTS
HIMANSHU RANA

Total             25,70,000      35,00,000                               25,70,000      35,00,000



   (i)        Additional Information : A building costing Rs. 9,50,000 was purchased for cash.




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