{"id":22096,"date":"2021-04-15T11:45:13","date_gmt":"2021-04-15T06:15:13","guid":{"rendered":"https:\/\/mcq-questions.com\/?p=22096"},"modified":"2022-03-02T10:45:39","modified_gmt":"2022-03-02T05:15:39","slug":"ncert-solutions-for-class-12-accountancy-chapter-11","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/","title":{"rendered":"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement"},"content":{"rendered":"

Detailed, Step-by-Step NCERT Solutions for 12 Accountancy<\/a> Chapter 11 Cash Flow Statement Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation.<\/p>\n

Cash Flow Statement NCERT Solutions for Class 12 Accountancy Chapter 11<\/h2>\n

Cash Flow Statement Questions and Answers <\/span>Class 12 Accountancy Chapter 11<\/h3>\n

Test your Understanding-1 (Page No. 287)<\/span><\/p>\n

Classify the following activities into operating activities, investing activities, financing activities, cash activities.
\n1. Purchase of machinery
\n2. Proceeds from issuance of equity share capital
\n3. Cash Sales
\n4. Proceeds from long-term borrowings .
\n5. Proceeds from sales of old machinery
\n6. Cash receipt from debtors
\n7. Trading commission received
\n8. Purchase of investment
\n9. Redemption of preference shares
\n10. Cash purchase
\n11. Proceeds from sale of Investment
\n12. Purchase of goodwill
\n13. Cash paid to supplier
\n14. Interim dividend paid on equity shares
\n15. Wages and salaries paid .
\n16. Proceeds from sale of patents
\n17. Interest received on debentrues held as investments
\n18. Interest paid on long-term borrowings
\n19. Office and administrative expenses paid
\n20. Manufacturing overhead paid
\n21. Dividend received on shares held as investment
\n22. Rent received on property held as investment
\n23. Selling and distribution expenses paid
\n24. Income tax paid
\n25. Dividend paid on preferences shares
\n26. Underwriting commission paid
\n27. Rent paid –
\n28. Brokerage paid on purchase of investment
\n29. Bank overdraft
\n30. Cash credit ‘
\n31. Short-term deposit
\n32. Marketable securities
\n33. Refund of income-tax received.
\nAnswer:
\n(a) Operating Activities\u2014
\n3. Cash sales
\n6. Cash .receipts from debtors
\n7. Trading commission Received
\n10. Cash purchases
\n13. Cash paid to supplier
\n15. Wages and salaries paid
\n19. Office and administrative expenses
\n20. Manufacturing overhead paid
\n23. Selling and distribution expenses paid
\n24. Income tax paid
\n27. Rent paid<\/p>\n

\"NCERT<\/p>\n

(b) Investing Activities\u2014
\n1. Purchase of machinery
\n5. Proceeds from sale of old machinery
\n8. Purchases of investment
\n11. Proceeds from sale of investment
\n12. Purchase of goodwill
\n16. Proceeds from sale of patents
\n17. Interest received on debentures held as investments
\n21. Dividend received on shares held as investment
\n22. Rent received on property held as investment
\n29. Bank overdraft<\/p>\n

(c) Financing Activities\u2014
\n2. Proceeds from issunace of equity share
\n4. Proceeds from long-term borrowing
\n9. Redemption of preference shares
\n14. Interim dividend paid on equity shares
\n18. Interest paid on long-term borrowings
\n25. Dividend paid on preferences shares
\n26. Underwriting commission paid
\n28. Brokerage paid on purchase of investment<\/p>\n

\"NCERT<\/p>\n

(d) Cash Equivalents\u2014
\n30. Cash credit
\n31. Short-term deposit
\n32. Marketable securities
\n33. Refund of income-tax received.<\/p>\n

Test your Understanding-11 (Page No. 297-298)<\/span><\/p>\n

Question 1.
\nChoose one of the two alternatives given below and fill in the blanks in the following statements:
\n(a) If the net profits earned during the year is Rs. 50,000 and the amount of debtors in the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to Rs (Rs. 40,000\/Rs. 60,000)
\n(b) If the net profits made during the year are Rs. 50,000 and the bills receivables have decreased by Rs. 10,000 during the year then the cash flow from operating activities will be equal to Rs (Rs. 40,000\/Rs.60,000)
\n(c) Expenses paid in advance at the end of the year are the profit made during the year (added to\/deducted from).
\n(d) An increase in accrued income during the particular year is the net profit (added to\/deducted from.)
\n(e) Goodwill written off is the profit made during the year for calculating the cash flow from operating activities (added to\/deducted from)
\n(f) For calculating cash flow from operating activities, provision for doubtful debts is the profit made during
\nthe year (added to\/deducted from).
\nAnswer:
\n(a) Rs. 40,000
\n(b) Rs. 60,000
\n(c) deducted from
\n(d) deducted from
\n(e) added to
\n(f) added to<\/p>\n

\"NCERT<\/p>\n

Question 2.
\nWhile computing cash from operating activities, indicated whether the following items will be added or subtracted from the net profit\u2014if not to be considered write NG.
\n\"NCERT
\nAnswer:
\n(a) Increase in the value of creditors will be added to net profit, while computing cash from operating activities.
\n(b) Increase in the Value of patents will not to be considered (NC) while computing cash from operating activities.
\n(c) Decrease in prepaid expenses will be added to the net profit while computing cash from operating activities.
\n(d) Decrease in income received in advance will be subtracted
\nfrom the net profit while computing cash from operating activities.
\n(e) Decrease in value of stock will be added to the net profit while computing cash from operating activities.
\n(f) Increase in Share Capital will not to be considered (NC) while computing cash from operating activities.
\n(g) Increase in the value of bills receivables will be subtracted from the net profit while computing cash from operating activities.
\n(h) Increase in the amount of outstanding expenses will be added to the net profit while computing cash from operating activities.<\/p>\n

\"NCERT
\n(i) Conversion of debenture into share will not be considerd (NC) while computing cash from operating activities.
\n(j) Decrease in the value of bills payables will be subtracted from the net. prof it while computing cash from operating activities.
\n(k) Increase in the value of debtors will be subtracted from net profit while computing the cash from operating activities.
\n(l) Decrease in the amount of accrued income will be added to net profit while computing the cash from operating activities.<\/p>\n

Do it Yourself (Page No. 296-297)<\/span><\/p>\n

Question 1.
\nThe Profit and Loss Account of Raj Limited is given here under:
\n\"NCERT
\n\"NCERT
\nAscertain Cash from Operations. Show your workings clearly.
\nAnswer:
\nCash Flows from Operating Activities
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Working Note
\n1. Net Profit before taxation and extra-ordinary item
\n= Rs. 15,80,000 + Rs. 8,00,000<\/p>\n

2.
\n\"NCERT<\/p>\n

Question 2.
\nFrom the following information calculate net cash from operations:
\n\"NCERT
\nAnswer:
\n\"NCERT
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Do it Yourself (Page No. 300-301)<\/span><\/p>\n

Question 1.
\nFrom the following particulars, calculate cash flows from investing activities:
\n\"NCERT
\nInterest received on debentures held as investment Rs. 60,000
\nDividend received on shares held as investment Rs. 10,000
\nA plot of land had been purchased for investment purposes and was let out for commercial use and rent received Rs. 30,000.
\nAnswer:
\nCash Flow from Investing Activities
\n\"NCERT<\/p>\n

Question 2.
\nFrom the following information, calculate cash flows from investing and the financing activities
\n\"NCERT
\nIn year 2006, machine costing Rs. 2,00,000 was sold at a profit of Rs. 1,50,000, Depreciation charged on machine during the year 2006 amounted to Rs. 2,50,000.
\nAnswer:
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Short Answer Type Questions<\/span><\/p>\n

Question 1.
\nWhat is a Cash Flow Statement?
\nAnswer:
\nCash Flow Statements\u2014-Cash Flow Statement is a statement which shows Inflows (receipts) and Outflows (payments) of cash and its equivalents in an enterprise during a specified period of time. Accounting Standard (AS-3) Revised issued by the Institute of Chartered Accountant of India on Cash How Statement in March 1997 has defined Cash Flow Statement as “A statement which shows inflows (receipts) and outflows (payment) of cash and its equivalents in an enterprise during a specified period of time.”<\/p>\n

According to the Revised Accounting Standard 3, an enterprise should prepare a cash flow statement and should present it for each period for which financial statements are presented.<\/p>\n

The terms, Cash, Cash-Equivalents and Cash Flows explained below:<\/p>\n

Cash: It comprises cash in hand and demand deposits with bank.<\/p>\n

Cash-Equivalents: They are short term highly liquid investments that are readily convertible into cash and which are subject to an insignificant risk of change in value. An investment normally qualifies as cash equivalent only when it has a short maturity, of say three months or less from the date of acquisition. Cash equivalent are held for the purpose of meeting short term cash commitments rather than for investment or other purpose.<\/p>\n

Cash-Flows : These are inflows and outflows of cash and cash- equivalents. An inflows increases the total cash and cash-equivalents at the disposal of the enterprise whereas an outflow decrease them.<\/p>\n

As per AS-3, cash flows exclude movements between items that contribute cash or cash equivalents because these components are part of the cash management of an enterprise rather than part of its operating, investing or financing activities.<\/p>\n

\"NCERT<\/p>\n

Benefits of Cash Flow Statement:
\nCash Flow Statement is a useful financial statement and provides the following benefits:
\n(a) It enables the management to identify the magnitude and directions of changes in cash.<\/p>\n

(b) It enables the users to evaluate the changes in economic resources of an enterprise.<\/p>\n

(c) It enables the users to evaluate the changes in financial structure.<\/p>\n

(d) It enables the users to evaluate the changes in net assets of an enterprises.<\/p>\n

(e) It enables the users to evaluate the enterprise\u2019s ability to alter the amounts and timings of cash flows in order to adapt to changing circumstances and opportunities.<\/p>\n

(f) It is useful in assessing the ability of the enterprise to generate Cash and Cash Equivalents and enables users to develop models to assess and compare the present value of the future cash flows of different enterprises.<\/p>\n

(g) As a tool of planning, the projected Cash Flow Statement enables the management to plan its future investment, operating and financial activities such as repayment of long term loans and interest there on, modernisation or expansion of plant, payment of cash dividend etc.<\/p>\n

(h) It helps in efficient cash management. The management can know the adequacy or other wise of cash and can plan for the effective use of surplus cash or can make the necessary arrangement in case of an inadequacy of Cash.<\/p>\n

(i) It also enhances the comparability of the reporting of operating performance by different enterprises because it eliminate the effects of using different accounting treatments for the same trasactions and events.<\/p>\n

\"NCERT<\/p>\n

Question 2.
\nHow the various activities are classfied (as per AS-3 revised) while preparing cash flow statement?
\nAnswer:
\nClassification of Cash Flows :
\nA cash flow statement shows inflow and outflow of cash and cash equivalents from various activities of a company during a specific period. As per AS-3, these activities can be classified in to three categories which are following :
\n1. Operating Activities
\n2. Investing Activities
\n3. Financing Activities<\/p>\n

1. Operating Activities\u2014Operating activities are the principal
\nrevenue producing activities of the enterprise and other activities that are not investing or financing activities. Cash flows from operating activities generally result from the transactions and other events that enter into the determination of net profit or loss. The amount of cash flows arising from operating activities is a key indicator of the extent to which the operations of the enterprise have generated sufficient cash flows to maintain the operating capability of the enterprise to pay dividend, repay loans and make investments without resources to extent source of financing.<\/p>\n

2. Investing Activities\u2014As per AS-3 Investing activities are the acquisition and disposal of long-term assets (such as land, building, plant, machinery etc.) and other investment not included in cash equivalent. It is important to make a separate disclosure of cash flows arising from investing activities because the cash flows represent the extent to which expenditures have been made for resources intended to generate future income and cash flows.<\/p>\n

3. Financing Activities\u2014As per AS-3, Financing activities are activities that result in changes in the size and composition of the owner’s capital (including preference share capital in the case of a company) and borrowings of the enterprise. The separate disclosure of cash flows from financing activities is important because it is useful in predicting claims on future cash flows by providers of funds (both capital and borrowings) to the enterprise.<\/p>\n

\"NCERT<\/p>\n

Question 3.
\nState the uses of cash flow statement?
\nAnswer:
\nAlong with balance sheet and income statement, the statement of cash flows would assists the users of financial statements in the following way :
\n1. To analyse the reasons for change in cash balance of the enterprise.
\n2. To judge the enterprise ability to pay its debts, to pay dividends to its shareholders and to pay interest on loans.
\n3. To assess the enterprise’s need to borrow cash.
\n4. To find out the reasons for difference between the enterprise net income, cash payment and cash receipts.
\n5. To analyse reasons for change in enterprise’s financial position including investing and financial activities during a period of time.<\/p>\n

Question 4.
\nWhat are the objectives of preparing cash flow statement?
\nAnswer:
\nObjectives of Cash Flow Statement:
\nThe basic objectives of Cash Flow Statement is to highlight the change in the cash position including the sources from which cash was obtained by the enterprise and specific uses to which cash was applied. The cash flow statement serves a number of objectives which are following:<\/p>\n

1. Depict Inflows and Outflows of Cash :
\nCash flow statement gives information about cash inflows and cash outflows of an enterprise during a particular period from operating activities, investing activities and financing activities. It is an effective tool of managing cash.<\/p>\n

2. Cash flow information helps in Planning :
\nCash flow statement provide information for planning for short range cash needs of the enterprise. It helps in formulation of financial policies.<\/p>\n

3. Helping in understanding the Liquidity of the Enterprise : Cash Flow Statement helps the enterprise to assess whether it would meet its current obligation or not. It also helps the lending institution like banks etc. to ascertain the liquidity of the enterprise.<\/p>\n

4. Help pi preparing Cash Budget:
\nCash Flow Statement helps the management of the firm in preparing Cash Budget.<\/p>\n

\"NCERT<\/p>\n

5. Analysis Management of cash :
\nCash flow statement reveal good and bad points relating to the management of cash.
\nAccording to AS-3 (Revised) the objectives of cash flow statement are as follows : “Information about the cash flow of an enterprise is useful in providing users of financial statement with a basis to assess the ability of the enterprise to generate cash and cash equivalent and the needs of the enterprise to utilise these cash flows.<\/p>\n

The economic decisions that are taken by users require an evaluation of the ability of an enterprise to generate cash and cash equivalents and the timing and certainty of their generation. The statement deals with the provision of information about the historical changes in cash and cash equivalent of an enterprise by means of a cash flow statement which classifies cash flows during the period from operating, investing and financing activities.<\/p>\n

Question 5.
\nExplain the terms: Cash Equivalents, Cash Flows.
\nAnswer:
\n(i) Cash Equivalents\u2014They are short term highly liquid investments that are readily convertible into cash and which are subject to an insignificant risk of change in value. An investment normally qualifies as cash equivalents only when it has a short term maturity, of say three months or less from the date of acquisition.<\/p>\n

Cash equivalent are held for die purpose of meeting short term cash commitments rather than for investment or other purpose. Examples of cash equivalents are treasury bills, commercial papers etc. which are purchased with cash that is in excess of immediate needs.<\/p>\n

(ii) Cash Flows\u2014Cash Hows are inflows and outflows of cash and cash equivalents. An inflow increases the total cash and cash equivalents at the disposal of the enterprise where as an outflow decreases them. As per AS-3, Cash Flow include movements between items that constitute cash or cash equivalents because the components are part of the cash management of an enterprise rather than part of operating, investing or financing activities.<\/p>\n

\"NCERT<\/p>\n

Question 6.
\nPrepare a format of cash flow from operating activities under direct method and indirect-method.
\nAnswer:
\nCash Flows From Operating Activities\u2014Operating activities are the main source of revenue and expenditure in an enterprise. Therefore,the ascertainment of Cash Flows From Operating Activities is of prime importance.<\/p>\n

As per AS-3, an enterprise should report Cash Flow From Operating Activities using either by
\nDirect Method
\nOR
\nIndirect Method
\nIn direct method, major classes of gross cash receipts and gross cash payments are disclosed.
\nOR
\nIn indirect method, net profit or loss is adjusted for the effects of
\n(i) transaction of a non-cash nature.
\n(ii) any deferrals or accruals of past\/future operating Cash receipts.
\n(iii) Items of income or expenses associated with investing or financing cash flows.<\/p>\n

\"NCERT<\/p>\n

Direct Method
\nAs we know that items are recorded on accrual basis in Profit and Loss Account therefore certain adjustments are made to convert them into cash basis. These adjustments are discussed below :
\n1. Cash Inflow from Sales\u2014Total Sales include Cash Sale and Credit Sale both. Cash sales is a cash inflow, but in case of credit sales, cash receipts from Debtors is calculated as follows\u2014
\nCash receipts from Customers
\n= Credit Sales + Opening Debtors and Bills Receivable – Closing Debtors and Bills Receivable – Bad Debts – Discount Allowed – Sales Returns.<\/p>\n

2. Cash Ouflow from Purchases\u2014Total Purchases include both cash purchases and credit purchases. Cash purchases are cash outflow, but in case of credit purchases, cash paid to the suppliers is calculated as follows\u2014
\nCash paid to Suppliers = Credit purchases + Opening
\nCreditors and Bills Payable – Closing Creditors and Bills Payable – Discount received – Purchases Returns.
\nPurchases = Cost of Goods sold – Opening Stock + Closing Stock<\/p>\n

\"NCERT<\/p>\n

3. Cash Outflow on Expenses Incurred\u2014The figures of expenses given in the Profit and Loss Account have to be adjusted to find out cash outflow. The amount outstanding and the amount paid in-advance have to be adjusted for this purpose.<\/p>\n

Cash paid for Expenses = Expenses as given in Profit & Loss A\/c – Prepaid Expenses in begining and Outstanding Exp. at the end + Prepaid Expenses at the end and Outstanding Expenses in the begining.<\/p>\n

However, following items are not to be considered\u2014
\n1. All non-cash items are ignored as no cash is involved in them. Examples are\u2014
\n(a) Depreciation
\n(b) Discount on Issue of Shares written off
\n(c) Goodwill written off
\n(d) Preliminary Expenses written off
\n(e) Discount on Issue of Debenture written off
\n(f) Patents and Copyright written off
\n(g) Underwriting commission written off.<\/p>\n

2. Appropriations of tiansfer to different reserves and provision like to General Reserve, Provision for Taxation and Proposed Dividend should be ignored.<\/p>\n

\"NCERT<\/p>\n

3. Items which are classified as investing or financing activities like profit or loss on sale of fixed assets, interest received, dividend paid etc are also ignored.\"NCERT<\/p>\n

Indirect Method
\nIn this method, net profit or loss is adjusted for the effects of transactions of a non-cash nature flow. In other words, Net profit or loss is adjusted for items which affected net profit but did not affect cash.<\/p>\n

As per AS-3, (Revised), under indirect method, net cash flow from operating activities is determined by adjusting net profit or loss for the effects of:<\/p>\n

1. Non-cash items are to be added back. Non-cash items like
\n(a) Depreciation
\n(b) Goodwill written off
\n(c) Patents and Copyrights written off
\n(d) Appropriation to General Reserve
\n(e) Interim dividend
\n(f) Deferred taxes etc.<\/p>\n

\"NCERT<\/p>\n

2. All other items for which the cash effects are investing or financing cash flows. The treatment of such items depend upon their nature. All investing and financing incomes are to be deducted, from the amount of net profits while all such expenses are to be added back.<\/p>\n

3. Changes in current assets and liabilities during the period. Increase in current assets and decrease in current liabilities are to be deducted while increase in current liabilities and decrease in current assets are to be added up.<\/p>\n

\"NCERT
\n\"NCERT<\/p>\n

Question 7.
\nNow that you know the meaning of operating activities, state clearly what would constitute the operating activities for the following types of enterprises :
\n(1) Hotel
\n(ii) Film production house
\n(iii) Financial enterprise
\n(iv) Media enterprise
\n(v) Steel manufacture unit
\n(iv) Software business unit
\nAnswer:
\n(i) Hotel (1) Payment of salary and wages to staff.
\n(2) Payment for the electricity, water, vegetables and other items for the Hotel.
\n(3) Payment for the items purchase for the Hotel accomodation.
\n(4) Receipts from the customer for staying in Hotel.
\n(5) Receipts from the other companies for taking Hotel for rent.<\/p>\n

(ii) Film production house\u2014Payment for the set, staff, actors and actress, director, music directors etc. Receipt from the distibutors for selling rights of the film.<\/p>\n

(iii) Financial Enterprises\u2014Payment for the loan, buying shares and payment for dividend and interest.
\nReceipt for the repayment of loan, interest, dividend etc.<\/p>\n

\"NCERT<\/p>\n

(iv) Media Enterprise\u2014Payment to the staff, reporters, photographers etc.
\nReceipts from the companies who advertise their products through media.<\/p>\n

(v) Steel manufacturing unit\u2014Payment for the raw material (iron), salary and Wages for staff, coal and other materials. Receipts from the market by selling steel.<\/p>\n

(vi) Software business unit\u2014Payment of salary to their staff. Receipts from the customer for selling their softwares and maintaining their computers.<\/p>\n

Question 8.
\n“The nature\/type of enterprise can change altogether the category into which a particular activity may be classified.” Do you agree? Illustrate your answer.
\nAnswer:
\nYes, it is true that the nature\/type of enterprise can change altogether the category into which a particular activity may be classified. For example, in case of a financial enterprise (whose main business is lending and borrowing), interest paid, interest-received and dividend received are classified as operating activities while dividend paid is the financing activity but in case of a non-financial enterprise, as per AS-3, it is considered more appropriate that payment of interest and dividend paid are classified as financing activities whereas receipt of interest and dividends are classified as investing activities.<\/p>\n

\"NCERT<\/p>\n

Long Answer Type Questions<\/span><\/p>\n

Question 1.
\nDescribe the procedure to prepare Cash Flow Statement.
\nAnswer:
\nProcedure of preparation of Cash Flow Statement\u2014The Institute of Chartered Accountants of India has issued Accounting Standard (AS-3) Revised, for preparing a Cash Flow Statement. This Accounting Standard has been made mandatory in repect of accounting periods commencing on or after 1st April, 2001, for certain enterprises. These enterprises are:<\/p>\n

(i) Enterprises whose equity or debt securities are listed on a recognised stock exchange in India, and enterprises that are in process of isuing equity or debt securities that will be listed on a recognised Stock Exchange in India.<\/p>\n

(ii) All other commercial, industrial and business enterprises, whose turnover for the accounting period exceeds Rs. 50 Crores. As such, the cash flow statement has been prepared according to AS-3 Revised. According to AS-3 Revised, the cash flow statement summarizes the cash inflows and cash outflows and the net changes (increase or decrease) in cash and cash equivalents resulting from operating, investing and financial activities of a firm duririg a period.<\/p>\n

The following terms are used for preparing a cash flow statement:
\nCash: It comprises cash in hand and demand deposits with banks.<\/p>\n

Cash Equivalents\u2014These are short-term, highly liquid investments that are readily convertible into known amounts of cash and which present insignificant risk of changes in their values. Normally, an investment will be termed as cash equivalent only if it has a short maturity period, say three month or less, from the date of its acquisition.<\/p>\n

\"NCERT<\/p>\n

Examples of cash equivalents are treasury bills, commercial papers etc. which are purchased with cash that is in excess of immediate needs. Investment in shares are excluded from cash equivalents unless they are cash equivalents in reality.<\/p>\n

For example the preference shares of a company which are purchased shortly before their redemption date will be included in cash equivalents provided there is only an insignificant risk of failure of the company in repaying the amount at the date of maturity.<\/p>\n

Classification of Cash Flow\u2014According to AS-3 (Revised), a cash flow statement should be presented in a manner that it reports inflows and outflows of cash by classifying them into three categories, namely : operating, investing and financing activities.<\/p>\n

Classification of all activities into these three categories helps the users of cash flow statement to assess the effect of these activities on the cash and cash equivalents of the enterprise. Such information will be helpful in evaluating the relationship among these three activities. These three activities are explained as below :<\/p>\n

(i) Cash Flow from Operating Activities\u2014Operating activities are the main revenue generating activities of an enterprises. As such they include cash flows from those transactions and events which enter into the ascertainment of net profit or loss of the enterprise. Examples of cash flows arising from operating activities are :
\n(a) Cash receipts from the sale of goods and rendering of services
\n(b) Cash receipts from royalities, fees, commissions and other revenue
\n(c) Cash payment to suppliers for goods and services
\n(d) Cash payment to and on behalf of employees
\n(e) Cash receipts and cash payments of an insurance enterprise for premiums and claims, annuities and other policy benefits
\n(f) Cash payments or refunds of income taxes unless they can be specifically identified with financing and investing activities; and
\n(g) Cash receipts and payments relating to future contracts, forward contracts, option contracts and swap contracts when the contracts are held for dealing or trading purposes.<\/p>\n

(ii) Cash Flow from Investing Activities\u2014Investing activities include the purchase and sale of long-term assets such as land, buildings, plant and machinery etc. not held for resale. These activities also include the purchase and sale of such investments which are not inlcuded in cash equivalents. Cash flow from investing activities discloses the expenditures incurred for resources intended to generate future income and cash flows. Examples of such cash flows arising from investing activities are:<\/p>\n

\"NCERT<\/p>\n

(a) Cash payment to aquire fixed assets (including intangibles) and also payments for capitalised research and development costs and self constructed fixed assets
\n(b) Cash receipts from sale of fixed assets (including intangibles)
\n(c) Cash payments to aquire shares, warrants or debt instruments of other enterprises (other than payments for those instruments considered to be cash equivalents);
\n(d) Cash receipts from sale of shares, warrants or debt instruments of other enterprises (other than receipts for those instruments considered to be cash equivalent);
\n(e) Cash advances and loans made to third parties (other than advances and loans made by a financial enterprise).
\n(f) Cash receipts from the repayment of advances and loan made to third parties (other than advances and loans of a financial enterprise);
\n(g) Cash payments for future contracts, forward contracts, option contracts and swap contracts except when the contracts are held for dealing or trading purposes, or the payments are classified as financial activities;
\n(h) Cash receipts of insurance claim for property involved in accident; and
\n(i) Cash receipts of interest and dividend.<\/p>\n

\"NCERT<\/p>\n

(iii) Cash Flows from Financing Activities\u2014Financing activities are the activities that result in change in capital’and borrowings of the enterprise. Examples of cash flows arising from financial activities are\u2014
\n(a) Cash receipts from issuing shares or other similar instruments;
\n(b) Cash receipts from issuing debentures, loans, notes, bonds and other short term or long term borrowings;
\n(c) Cash repayments of amounts borrowed, buy-back of equity shares, redemption of preferene shares, debentures, notes, bonds etc., and
\n(d) Cash payment of interest and dividend.<\/p>\n

Question 2.
\nDescribe ‘Direct’ and ‘Indirect’ method of ascertaining cash flows from operating activities.
\nAnswer:
\nCash from Operating Activities\u2014The net income is computed on the basis of accrual. To compute cash provided by operating activities we need to convert the operating activities being considered from accrual basis to cash basis. For this purpose, we can follow either ‘Direct Method’ or ‘Indirect Method’. The cash provided will be same, whatever method is used for computation. Accounting Standard 3 allows both methods for reporting cash from operating activities among Indian Companies.<\/p>\n

Cash from Operating Activities-Direct Method\u2014Under this method, we need to adjust each item in the income statement from accrued basis to cash basis. Cash receipts and cash payments related to revenues and expenses are determined and listed as cash inflows and outflows from operating activities. The net amount is reported in the last column as cash provided from operations.<\/p>\n

Step 1: Determine cash provided by operating activities
\n(i) Cash receipts from customers : The revenue from sales is reported on accrual basis in the income statement. We add the amount of opening receivables to the net sales and to this we subtract amount or receivable at the end, bad debts written-off during the period and discount allowed to customers.
\n\"NCERT
\n(ii) Other cash receipts\u2014The amount of other revenue like rent, income, commission earned, etc. are adjusted for any amounts not received or received in advance to determine cash received.<\/p>\n

\"NCERT<\/p>\n

\"NCERT<\/p>\n

Step 2: Cash used in operating activities :
\n(i) Cash payment to suppliers\u2014The income statement reports cost of goods sold on accrual basis. To determine the cash paid to suppliers, we need to first ascertain purchases. The closing stock of goods is added to cost of goods sold and opening stock is subtracted there from to compute the purchases during the period.
\n\"NCERT
\nWe need to add the creditors (Account Payables) in the beginning of the period to the amount of purchases and subtract closing creditors (Accounts Payables) therefrom for computing the amount paid to suppliers.
\n\"NCERT<\/p>\n

(ii) Cash payment for operating expenses\u2014Operating expenses are reported in the income statement on accrual basis. We need to adjust the operating expenses for outstanding expenses and prepaid expenses to ascertain cash payment for operating expenses.
\n\"NCERT<\/p>\n

(iii) Cash payment for income tax\u2014The income statement indicates the provision made for income tax. The comparative balance sheet indicates the amount of tax payable in the beginning and at the end of the period. We can compute the cash payment for income tax as follows:
\n\"NCERT<\/p>\n

(iv) Payments for Interest\u2014Though interest expense is subtracted from revenues to compute net income, according to Accounting Standard 3 cash flows arising from interest paid and interest\/dividend received in cash of financial enterprise should be reported as cash flow from operating activities. In the case of other enterprises, cash flows from interest paid should be classified as financing activities and cash flows from interest and dividends received should be reported as cash flows from investing activities.<\/p>\n

\"NCERT<\/p>\n

Indirect Method
\nIn this method, net profit or loss is adjusted for the effects of transactions of a non-cash nature flow. In other words, Net profit or loss is adjusted for items which affected net profit but did not affect cash. As per AS-3, (Revised), under indirect method, net cash flow from operating activities is determined by adjusting net profit or loss for the effects of:<\/p>\n

1. Non-cash items are to be added back. Non-cash items like
\n(a) Depreciation
\n(b) Goodwill written off
\n(c) Patents and Copyrights written off
\n(d) Appropriation to General Reserve
\n(e) Interim dividend
\n(f) Deferred taxes etc.<\/p>\n

2. All other items for which the cash effects are investing or financing cash flows. The treatment of such items depend upon their nature. All investing and financing incomes are to be deducted from the amount of net profits while all such expenses are to be added back.<\/p>\n

3. Changes in current assets and liabilities during the period. Increase in current assets and decrease in current liabilities are to be deducted while increase in current liabilities and decrease in current assets are to be added up.
\n\"NCERT
\n\"NCERT<\/p>\n

Question 3.
\nExplain the major Cash Inflow and outflow from investing activities.
\nAnswer:
\nCash Flows from Investing Activities\u2014Investing activities mean the acquisition and disposal of long-term assets and other investments not included in cash equivalent. Hence, investing activities include transactions that involve the purchase and sale of long-term assets like land, building, plant and machinery, etc, not held for resale and other investments.<\/p>\n

\"NCERT<\/p>\n

The separate disclosure of cash flows arising from investing activities is significant because the cash flow represent the exent to which expenditures have been made for resources to generate future income and cash flows.<\/p>\n

Examples of cash arising from investing activities are :
\n(a) Cash payments to acquire fixed assets (including intangibles). These payments include those relating to capitalised research and development costs and self-constructed fixed assets
\n(b) Cash receipts from disposal of fixed assets (including intangibles)
\n(c) Cash payments to acquires shares, warrants, or debt instruments of other enterprises and interests in joint ventures (other than payments for those instruments considered to be cash equivalents and those held for dealing or trading purposes)
\n(d) Cash receipts from disposal of shares, warrants, or debt instruments of other enterprises and interests in joint ventures (other than receipts from those instruments considered to be cash equivalents and those held for dealing or trading purposes)
\n(e) Cash advances and loans made to third parties (other than advances and loans made by a financial enterprises)
\n(f) Cash receipts from the repayment of advances and loans made to third parties (other than advances and loans of a financial enterprise)
\n(g) Cash payments for future contracts, forward contracts, option contracts, and swap contracts except when the contracts are held for dealing or trading purposes, or the payments are classified as financing activities; and
\n(h) Cash receipts from future contracts, forward contracts, option contracts, and swap contracts except when the contracts are held for dealing or trading purposes, or the receipts are classified as financing activities.
\n\"NCERT<\/p>\n

Question 4.
\nExplain the major Cash Inflows and outflows from financing activities.
\nAnswer:
\nCash Flows from Financing Activities\u2014financing activities are activities that cause changes in the size and composition of capital and borrowings of the firm. The examples of cash flows arising from financing activities are
\n(a) Cash proceeds from issuing shares or similar other instruments;
\n(b) Cash proceeds from issuing debentures, loans, notes, bonds, and other short or long-term borrowings;
\n(c) Cash repayments of amount borrowed, and
\n(d) Payment of Dividend.<\/p>\n

Special Items\u2014AS-3 (Revised) provides for the treatment of certain special items as under :
\n(a) Foreign Currency Cash Flows\u2014Cash flows arising from transactions in a foreign currency should be recorded in an enterprise’s reporting currency by applying to the foreign currency amount the exchange rate between the reporting currency and foreign currency at the date of cash flow. A rate that approximates actual rate may be used if the result is substantially the same as would arise if the rates at the date of cash flows were used. Unrealised gains and losses arising from changes in foreign exchange rate changes on cash and cash equivalent held or due in foreign currency is reported in the cash flow statement in order to reconcile cash and cash equivalents at the beginning and the end of the period.<\/p>\n

(b) Extraordinary items\u2014Cash flows associated with extraordinary items such as claims from insurance company, compnay’s winning a law suit or lottery, etc. should be classified as arising from operating, investing or financing activities and separately disclosed in cash flow statement.<\/p>\n

(c) Interest and Dividends\u2014Cash flow from interest and dividends received and paid should each be disclosed separately. Cash flows arising from interest paid and interest and dividends received in the case of a financial enterprise should be classified as cash flow arising from operating activities. In case of other enterprises, cash flows arising from interest paid should be classified as cash flows from financing activities while interest and dividends received should be classified as cash flows from investing activities. Dividends paid should be classified as cash flow from financing activities.<\/p>\n

\"NCERT<\/p>\n

(d) Taxes on Income\u2014Cash flows arising from taxes on income should be separately disclosed and should be classified as cash flows from operating activities unless they can be specifically identified with financing and investing activities.<\/p>\n

(e) Acquisition and disposals of Subsidiaries and other Business Units\u2014Tire aggregate cash flows arising from acquisition and from disposals of subsidiaries or other business units should be presented separately and classified as investing activities.<\/p>\n

(f) Non-cash Transactions\u2014Investing and financing transactions that do not require the use of cash or cash equivalents should be excluded from a cash flow statement. Such transactions should be disclosed elsewhere in the financial statements in a way that provides all the relevant information about these investing and financing activities. The exclusion of non-cash transactions from the cash flow statement is consistent with the objective of a cash flow statement as these do not involve cash flows in the current period. Examples of non\u00accash transactions are :
\n(i) the acquisition of assets by assuming directly related liabilities;
\n(ii) the acquisition of an enterprise by means of issue of shares; and
\n(iii) the conversion of debt to equity.
\n\"NCERT<\/p>\n

Numerical Questions<\/span><\/p>\n

Question 1.
\nAnand 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 Receivables increased during the year Rs. 40,000 and Bills Payables also increased by Rs. 60,000. Compute the cash flows operating activities by the indirect approach.
\nAnswer:
\n\"NCERT
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Question 2.
\nFrom the information given below you are required to prepare the cash paid for the inventory :
\n\"NCERT
\nAnswer:
\n\"NCERT<\/p>\n

Question 3.
\nFor each of the following transactions, calculate the resulting cash flow and state the nature of cash flow viz., operating, investing and financing.
\n(a) Acquired machinery for Rs. 2,50,000 paying 20% drawn and executing a bond for the balance payable.
\n(b) Paid Rs. 2,50,000 to acquire shares in Informa Tech, and received a dividend of Rs. 50,000 after acquisition.
\n(c) Sold machineary of original cost Rs. 2,00,000 with an accumulated depreciation of Rs. 1,60,000 for Rs. 60,000.
\n[Ans. Rs. 50,000 investing flow (out flow); Rs. 2,00,000 investing flow (outflow); Rs. 60,000 investing flow (outflow).]
\nAnswer:
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Question 4.
\nThe following is the Profit and Loss Account of Yamuna Limited:
\n\"NCERT
\nAdditional Information:
\n(i) Trade debtors decrease by Rs. 30,000 during the year.
\n(ii) Prepaid expenses increase by Rs. 5,000 during the year.
\n(iii) Trade creditors decrease by Rs. 15,000 during the year.
\n(iv) Outstanding expenses increase by Rs. 3,000 during the year.
\n(v) Operating expenses included depreciation of Rs. 25,000. Compute net cash provided by operations for the year ended
\nMarch 31,2007 by the indirect method.
\nAnswer:
\n\"NCERT
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Question 5.
\nCompute cash from operations from the following figures:
\n(i) Profit for the year 2005-06 is a sum of Rs. 10,000 after providing for depreciation of Rs. 2,000.
\n(ii) The current assets of the business for the year ended March 31,2006 and 2007 are as follows:
\n\"NCERT
\nAnswer:
\n\"NCERT
\n\"NCERT<\/p>\n

Question 6.
\nFrom the following particulars of Bharat Gas Limited, calculate Cash Flows from Investing Activities. Also show the workings clearly preparing the ledger accounts.
\n\"NCERT
\nAdditional Information
\n1. Patents were written off to the extent of Rs. 40,000 and some Patents were sold at a profit of Rs. 20,000.
\n2. A Machine costing Rs. 1,40,000 (Depreciation provided thereon Rs. 60,000) was sold for Rs, 50,000. Depreciation charged during the year was Rs. 1,40,000.
\n3. On March 31, 2007, 10% Investments were purchased for
\nRs. 1,80,000 and some Investments were sold at a profit of Rs. 20,000. Interest on Investment was received on March 31, 2007.
\n4. Amartax Ltd. paid Dividend @ 10% on its shares.
\n5. A plot of Land had been purchased for investment purposes and let out for commercial use and rent received Rs. 30,000.
\nAnswer:
\n\"NCERT<\/p>\n

\"NCERT
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Question 7.
\nFrom the following Balance Sheet of Mohan Ltd. Prepare cash flow Statement:
\n\"NCERT
\nAdditional Information:
\nMachine Costing Rs. 80,000 on which accumulated depreciation
\nwas Rs. 50,000 was sold for Rs. 20,000.
\n(Ans. : Cash flow from Operating Activity — Rs. 1,80,000
\nCash flow from Investing Activity — Rs.(2,60,000)
\nCash flow from Financing Activity — Rs. 20,000)
\nAnswer:
\n\"NCERT
\n\"NCERT
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Question 8.
\nFrom the following Balance Sheets of Tiger Super Steel Ltd., prepare Cash Flow Statement:
\nAnswer:
\n\"NCERT
\nAdditional Information:
\nDepreciation Charge on Land & Building Rs. 20,000, and Plant Rs. 10,000 during the year.
\n(Ans.: Cash flow from Operating Activities — Rs. 34,800
\nCash flow from Investing Activities — Rs. (50,400)
\nCash flow from Financing Activities — Rs. 20,000)
\nAnswer:
\n\"NCERT
\n\"NCERT
\n\"NCERT<\/p>\n

Question 9.
\nPrepare Cash Flow Statement from the following Information:
\n\"NCERT<\/p>\n

\"NCERT
\nAdditional Information:
\nDepreciation Charge on Plant amount of — Rs. 80,000.
\n(Ans.: Cash Inflow from Operating Activities Rs. 3,80,000 Cash Inflow from Investing Activities — Rs. (2,80,000)
\nCash Inflow from Financing Activities — Rs. \u2014 NIL)
\nAnswer:
\n\"NCERT
\n\"NCERT
\n\"NCERT<\/p>\n

Question 10.
\nFrom the following Information Prepare Cash flow Statements for Yogeta Ltd.
\n\"NCERT
\nAdditional Information:
\nNet Profit for the year After Charging Rs. 50,000 as Depreciation was Rs. 1,50,000. Dividend paid on Share was Rs. 50,000, Tax Provision created during the year amounted toRs. 60,000.
\n[Ans.: Cash from Operating Activities — Rs.-2,20,000
\nCash from Investing Activities — Rs. (3,50,000)
\nCash from Financing Activities — Rs. (80,000)]
\nAnswer:
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Question 11.
\nFollowing is the Financial Statement of Garima Ltd. Prepare Cash flow Statements.<\/p>\n

\"NCERT<\/p>\n

\"NCERT
\nAnswer:
\nCash Outflow (use) from Operating Activities Rs. (12,000)
\nCash flow from Investing Activities Rs. (1,90,000)
\nCash flow from Financing Activities Rs. (1,56,000).]
\n\"NCERT
\n\"NCERT
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n

Question 12.
\nFollowing as the Balance Sheets of Computer India Ltd.:
\n\"NCERT
\nAdditional Information:
\nInterest paid on Debenture Rs. 600
\n[Ans.: Net Cash from Operating Activities — Rs. 2,100
\nNet Cash from Investing Activities — Rs. 1,000
\nNet Cash from Financing Activities — Rs.4,900]
\nAnswer:
\n\"NCERT
\n\"NCERT
\n\"NCERT<\/p>\n

\"NCERT<\/p>\n","protected":false},"excerpt":{"rendered":"

Detailed, Step-by-Step NCERT Solutions for 12 Accountancy Chapter 11 Cash Flow Statement Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation. Cash Flow Statement NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement Questions and Answers Class 12 Accountancy …<\/p>\n

NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[3],"tags":[],"yoast_head":"\nNCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement - MCQ Questions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement - MCQ Questions\" \/>\n<meta property=\"og:description\" content=\"Detailed, Step-by-Step NCERT Solutions for 12 Accountancy Chapter 11 Cash Flow Statement Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation. Cash Flow Statement NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement Questions and Answers Class 12 Accountancy … NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ Questions\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NCERTSolutionsGuru\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-15T06:15:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-02T05:15:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mcq-questions.com\/wp-content\/uploads\/2021\/01\/NCERT-Solutions-Guru.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ncertsolguru\" \/>\n<meta name=\"twitter:site\" content=\"@ncertsolguru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prasanna\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"33 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mcq-questions.com\/#website\",\"url\":\"https:\/\/mcq-questions.com\/\",\"name\":\"MCQ Questions\",\"description\":\"MCQ Questions for Class 1 to 12\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mcq-questions.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/i0.wp.com\/mcq-questions.com\/wp-content\/uploads\/2021\/01\/NCERT-Solutions-Guru.png?fit=170%2C17&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/mcq-questions.com\/wp-content\/uploads\/2021\/01\/NCERT-Solutions-Guru.png?fit=170%2C17&ssl=1\",\"width\":170,\"height\":17,\"caption\":\"NCERT Solutions\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#webpage\",\"url\":\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/\",\"name\":\"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement - MCQ Questions\",\"isPartOf\":{\"@id\":\"https:\/\/mcq-questions.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#primaryimage\"},\"datePublished\":\"2021-04-15T06:15:13+00:00\",\"dateModified\":\"2022-03-02T05:15:39+00:00\",\"author\":{\"@id\":\"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3\"},\"breadcrumb\":{\"@id\":\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mcq-questions.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3\",\"name\":\"Prasanna\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/mcq-questions.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g\",\"caption\":\"Prasanna\"},\"url\":\"https:\/\/mcq-questions.com\/author\/prasanna\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement - MCQ Questions","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/","og_locale":"en_US","og_type":"article","og_title":"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement - MCQ Questions","og_description":"Detailed, Step-by-Step NCERT Solutions for 12 Accountancy Chapter 11 Cash Flow Statement Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation. Cash Flow Statement NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement Questions and Answers Class 12 Accountancy … NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement Read More »","og_url":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/","og_site_name":"MCQ Questions","article_publisher":"https:\/\/www.facebook.com\/NCERTSolutionsGuru\/","article_published_time":"2021-04-15T06:15:13+00:00","article_modified_time":"2022-03-02T05:15:39+00:00","og_image":[{"url":"https:\/\/mcq-questions.com\/wp-content\/uploads\/2021\/01\/NCERT-Solutions-Guru.png"}],"twitter_card":"summary_large_image","twitter_creator":"@ncertsolguru","twitter_site":"@ncertsolguru","twitter_misc":{"Written by":"Prasanna","Est. reading time":"33 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/mcq-questions.com\/#website","url":"https:\/\/mcq-questions.com\/","name":"MCQ Questions","description":"MCQ Questions for Class 1 to 12","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mcq-questions.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#primaryimage","inLanguage":"en-US","url":"https:\/\/i0.wp.com\/mcq-questions.com\/wp-content\/uploads\/2021\/01\/NCERT-Solutions-Guru.png?fit=170%2C17&ssl=1","contentUrl":"https:\/\/i0.wp.com\/mcq-questions.com\/wp-content\/uploads\/2021\/01\/NCERT-Solutions-Guru.png?fit=170%2C17&ssl=1","width":170,"height":17,"caption":"NCERT Solutions"},{"@type":"WebPage","@id":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#webpage","url":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/","name":"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement - MCQ Questions","isPartOf":{"@id":"https:\/\/mcq-questions.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#primaryimage"},"datePublished":"2021-04-15T06:15:13+00:00","dateModified":"2022-03-02T05:15:39+00:00","author":{"@id":"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3"},"breadcrumb":{"@id":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-accountancy-chapter-11\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mcq-questions.com\/"},{"@type":"ListItem","position":2,"name":"NCERT Solutions for Class 12 Accountancy Chapter 11 Cash Flow Statement"}]},{"@type":"Person","@id":"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3","name":"Prasanna","image":{"@type":"ImageObject","@id":"https:\/\/mcq-questions.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g","caption":"Prasanna"},"url":"https:\/\/mcq-questions.com\/author\/prasanna\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts\/22096"}],"collection":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/comments?post=22096"}],"version-history":[{"count":1,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts\/22096\/revisions"}],"predecessor-version":[{"id":34365,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts\/22096\/revisions\/34365"}],"wp:attachment":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/media?parent=22096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/categories?post=22096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/tags?post=22096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}