Financial Statements

Cash Flow

Medium

On 1st April 2020, the balance of furniture of ABC Ltd. was Rs. 20,000. During the year furniture costing Rs. 4,000 was sold at a gain of Rs. 3,000. Depreciation was charged on it Rs. 5,000. The balance of furniture on 31.3.21 was Rs. 28,000. The amount of furniture purchased was :

Rs. 8,000

Rs. 17,000

Rs. 12,000

Rs. 13,000

✅ Correct Option: 2

Equation: Opening + Purchases - Book value of sold item - Depreciation = Closing. Book value of sold furniture = 4,000. So 20,000 + P - 4,000 - 5,000 = 28,000. Solving, P = 17,000.

2023: 29 May Shift 2

W Ltd has given you following information

Item	Amount
Machinery (opening Balance)	Rs. 50,000
Machinery (closing Balance)	Rs. 60,000
Accumulated Depreciation (opening balance)	Rs. 25,000
Accumulated Depreciation (closing balance)	Rs. 15,000

During the year, a machine costing Rs. 25,000 with accumulated depreciation of Rs. 15,000 was sold for Rs. 13,000. Calculate Cash Flow from Investing Activity

2026: 13 May Shift 1

From the following information, calculate cash flow from financing activities:

	April 1, 2025	March 31,2026
Long-term Loans	Rs. 2,00,000	Rs. 2,50,000

During the year, the company repaid a loan of Rs. 1,00,000.

2022: 30 Aug Shift 2

Match List I with List II in context g cashflow statement

	LIST I		LIST II
A.	Sale of fixed asset	I.	Outflow in operating activities
B.	Purchase of Goodwill	II.	Inflow in Investing Activities
C.	Tax Paid	III.	Outflow in Investing Activities
D.	Dividend Paid	IV.	Outflow in Financing Activities

Choose the correct answer from the options given below:

2022: 20 Aug Shift 2

Cash from operating activities before tax will be Rs. ________

2022: 16 July Shift 2

Operating Expenses include

A. Rent paid

B. Interest paid on loan

C. Selling and Distribution Expenses

D. Commission Received

E. Salaries Paid

Choose the correct answer from the options given below:

2022: 20 July Shift 1

Find out Net Profit before tax from the above informations :

On 1st April 2020, the balance of furniture of ABC Ltd. was Rs. 20,000. During the year furniture costing Rs. 4,000 was sold at a gain of Rs. 3,000. Depreciation was charged on it Rs. 5,000. The balance of furniture on 31.3.21 was Rs. 28,000. The amount of furniture purchased was :

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