Jh Venkateshwar International School

Sector-18, Dwarka, New Delhi – 110078

TERM – 2 EXAMINATION (2024-25)
ACCOUNTANCY (055)
CLASS – XII
SET – A

Time Allowed: 3 hours Max. Marks: 80

General instructions:
1. This question paper contains 34 questions. All questions are compulsory.
2. This question paper is divided into two parts, Part A and Part B.
3. Question No. 1 to 16 and 27 to 30 carries 1 mark each.
4. Question No. 17 to 20, 31 and 32 carries 3 marks each.
5. Question No. 21 22 and 33 carries 4 marks each.
6. Question No. 23 to 26 and 34 carries 6 marks each.
7. There is no overall choice. However an internal choice has been provided in 7
questions of one mark, 2 questions of three marks 1 question of four marks and 2
questions of six marks.

PART - A
Accounting for Partnership Firms and Companies

Q1.Manoj, Prince and Asha are partners in a firm sharing profits and losses in the ratio of
2:2:1. They admitted Kajal for 1/4th share with effect from 1st April 2023. An extract of
their balance sheet as at 31st March, 2023 is as follows:

Liabilities (₹) Assets (₹)

Workmen Compensation 2,40,000
Reserve

If the claim for workmen compensation is estimated at ₹3, 00,000, which of the
following accounts will be debited and by what amount?
(a) Workmen compensation reserve by ₹60,000
(b) Provision for Workmen compensation reserve by ₹60,000
(c) Revaluation A/c by ₹ 2, 40,000.
(d) Revaluation A/c by ₹ 60,000. [1]

Q2.Read the following statements – Assertion (A) and Reason (R). Choose one of the
correct alternatives given below:
Assertion (A): Under fixed capital accounts method, the original amount brought in
by the partners as remain constant or unchanged unless additional
capital is introduced or capital withdrawals are made.
Reason (R): Under fixed capital accounts method, Partners’ capital accounts and
Partners’ current accounts are maintained.
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct
explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct
explanation of Assertion (A)
(c) Assertion (A) is true but Reason (R) is false
(d) Assertion (A) is false but Reason (R) is true [1]
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Q3. At the time of forfeiture, share capital account is debited with-_________.
(a) Market value of shares (b) Paid-up value of shares
(c) Called up value of shares (d) Nominal value of shares
OR
Shashi Ltd. issued 6,000 Shares of ₹100 each at a premium of ₹10. It will credit
Share Capital Account by:
(a) ₹6,60,000 (b) ₹6,00,000
(c) ₹4,50,000 (d) None of these [1]
Q4. U, V and W are partners sharing profits in the ratio of 2:3:5. They decide to share
future profits in the ratio of 5:3:2. They also decide to record the effect of the
following revaluations and reassessments without affecting the book values of
assets and liabilities by passing a single adjustment entry:
Book Value (₹) Revised Value (₹)
Land and building 3,00,000 3,50,000
Furniture 1,50,000 1,00,000
Sundry Creditors 60,000 20,000
Outstanding Salaries 10,000 15,000

The Single adjustment entry will be________.

(a) Dr. W and Cr. U by ₹10,500 (b) Dr. U and Cr. W by ₹10,500
(c) Dr. V and Cr. U by ₹10,500 (d) Dr. W and Cr. V by ₹10,500
OR

Arun, Ajay and Dinesh are partners in a firm. At the time of division of profit for the
year there was dispute between the partners (due to absence of deed); profits before
interest on partner's capital was ₹60,000 and Ajay demanded interest @ 24% p.a. on
his loan of ₹8,00,000. Amount payable to Arun, Ajay, Dinesh respectively will be:
(a) ₹20,000 to each partner.
(b) Loss of ₹44,000 for Arun and Dinesh and Ajay will take home ₹1,48,000.
(c) ₹4,000 for Arun, ₹52,000 for Ajay and ₹4,000 for Dinesh.
(d) ₹24,000 to each partner. [1]
Q5. W and Q are partners with capitals of ₹ 20,00,000 and 16,00,000 respectively. The
Partnership Deed provides for interest on capital @10% p.a. If the firm earned a
profit of ₹ 2,70,000 for the year ended 31st March, 2023, then Interest on Capital
respectively credited to the Partners Capital Accounts was_______. [1]
(a) ₹2,00,000 and ₹1,60,000
(b) ₹1,35,000 and ₹1,35,000
(c) No interest on capital will be allowed
(d) ₹1,50,000 and ₹1,20,000

Q6. Mohan holding 900 shares of ₹ 10 each failed to pay allotment money of ₹ 2 per
share and call money of ₹ 4 per share. His shares were forfeited and out of these
600 shares were reissued at ₹ 7 per share fully paid up. The amount of capital
reserve will be_________.
(a) ₹ 1,200 (b) ₹ 600 (c) ₹ 800 (d) ₹ 900

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 OR
If Shares of ₹9,00,000 are issued for consideration of net assets of ₹ 10,00,00 then
the difference of ₹ 1,00,000 will be credited to__________.
(a) Goodwill A/c (b) Capital Reserve A/c
(c) General Reserve A/c (d) Statement of Profit and Loss [1]
Q7. Apaar Ltd. forfeited 4,000 shares of ₹20 each, fully called up, on which only
application money of ₹ 6 has been paid. Out of these 2,000 shares were reissued
and ₹8,000 has been transferred to capital reserve. Calculate the rate at which these
shares were reissued.
(a) ₹20 per share (b) ₹18 Per share
(c) ₹22 per share (d) ₹8 Per share [1]
Q8. Srishti, Nitya and Anand were partners in a firm sharing profits and losses in the
ratio of 3:2:1. Srishti retired from the firm selling her share of profits to Nitya and
Anand in the ratio of 2:1. The new profit-sharing ratio between Nitya and Anand will
be__________.
(a) 3:2 (b) 17:11 (c) 2:1 (d) 19:11 (1)
OR
Interest on capital is provided to partners, when________________.
(a) Capitals are more than ₹5,00,000
(b) A loan is provided by partner
(c) Drawings are not made by partners
(d) It is provided in the partnership deed

Read the following hypothetical situation, answer question nos. 9 and 10.
Maanika, Bhavi and Komal are partners sharing profits in the ratio of 6:4:1. Komal is
guaranteed a minimum profit of ₹2,00,000. They have contributed a capital of ₹
8,00,000, ₹5,00,000 and ₹3,00,000 respectively. During the Covid-19, the lockdown
affected their business adversely. The Firm incurred a loss of ₹22,00,000 for the year
ended 31st March 2022.
Any deficiency in guaranteed profit of Komal will be borne by Maanika and Bhawi.
Following is the journal entry passed for the deficiency borne by the partners.

Date Particulars L.F. Dr. (₹) Cr. (₹)

Mar. 31, 2021
Maanika’s Capital A/c Dr. .…
Bhavi’s Capital A/c Dr. .…
To Komal’s Capital A/c .…
(Being the deficiency of Komal
met by Maanika and Bhavi)

Q9.Net Loss transferred to Maanika’s Capital A/c will be________. (1)

(a) ₹2,40,000 (b) ₹1,20,000 (c) ₹12,00,000 (d) ₹14,40,000

Q10.Net Loss transferred to Bhavi’s Capital A/c will be_____________.

(a) ₹8,00,000 (b) ₹9,60,000
(c) ₹1,60,000 (d) ₹3,20,000 [1]

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 Q11.Which of the following will be credited to Profit and Loss Appropriation A/c?
(i) Interest on Partners' Capital (ii) Interest on Partners’ Drawings
(iii) Net Profit from Profit and Loss A/c (iv) Partners' salaries
(a) Both (i) & (iii) (b) Both (ii) and (iii)
(c) Both (iii) & (iv) (d) All (i), (ii), (ii) and (iv) [1]
Q12. A machinery for ₹1,25,000 was purchased from I.K. Machines Ltd. The payment was
made by issuing equity shares of ₹10 each at a premium of 25%. Which of the
following journal entry is correct?
(a) I.K. Machines Ltd. Dr. ₹1,25,000
To Equity Share Capital A/c ₹1,25,000

(b) I.K. Machines Ltd Dr. ₹1,25,000

To Equity Share Capital A/c ₹1,00,000
To Securities Premium A/c ₹25,000
(c) I.K. Machines Ltd. Dr. ₹1,25,000
To Equity Share Capital A/c ₹1,00,000
To Bank A/c ₹25,000
(d) None of the above [1]

Q13.If shares are issued for consideration other than cash, i.e., for purchase of assets, then
which account will be debited?
(a) share application account (b) assets account
(c) share allotment account (d) vendor account [1]
Q14. Asha and Nisha are partners sharing profits in the ratio of 2:1. Asha’s son Ashish
was admitted for 1/4th share of which 1/8th was given by Asha to her son. The
remaining was contributed by Nisha. Goodwill of the form is valued at ₹ 80,000. How
much of the share of premium of goodwill will be credited to the old partners’ capital
account if Ashish brings his share of premium for Goodwill in cash?
(a) ₹ 5,000 each (b) ₹ 10,000 each
(c) ₹ 40,000 each (d) none of these [1]
Q15. A and B are partners sharing profits in 2:3 ratio, having fixed capital of ₹ 3,00,000 and
₹ 4,00,000 respectively. After closing of books for the year ended 31st March 2023,
the clerk realised that interest on capital was provided @ 6% p.a. instead of 8% p.a.
the amount of adjustment entry will be_____________.
(a) ₹ 2,000 (b) ₹ 6,000
(c) ₹ 4,000 (d) none of these
OR
On 1st January 2023, a partner lends a short term loan of ₹ 50,000 to the firm. In the
absence of agreement, he will get interest on his loan on 31st March 2023:
(a) ₹ 750 (b) ₹ 1,500
(c) ₹ 2,500 (d) No interest [1]

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Q16. On the basis of the following data, how much final payment will be made to a partner
on firm’s dissolution? Credit balance of capital account of the partner was ₹ 50,000.
Share of loss on realisation amounted to ₹ 10,000. Firm’s liability taken over by him
was for ₹ 8,000.
(a) ₹ 32,000 (b) ₹ 48,000
(c) ₹ 40,000 (d) ₹ 52,000 [1]

Q17. P, R and S are in partnership, sharing profits in the ratio of 4:3:1. It is provided in the
partnership deed that on the death of a partner his share of goodwill is to be valued
at one half of the net profits credited to his account during the last three years
(Accounting books are closed on 31st March every year.) R died on 1st July, 2024.
The firm's profits for the last 3 years were 2021-22 ₹1,00,000; 2022-23 ₹60,000;
2023-24 ₹80,000. Calculate R's share of goodwill and pass the journal entry. [3]
Q18. P, Q and R are partners with fixed capitals of ₹1,50,000, ₹1,20,000 and ₹ 1,20,000
respectively. The partnership deed provided for the following:
(a) Interest on capital at 5% p.a.
(b) Interest on drawings at 6% р.а.
(c) Each partner withdrew ₹ 10,000 on October 1, 2023.
(d) ₹ 30,000 is to be transferred to a Reserve Account.
(e) Profit and Loss to be shared in the proportion of 3:2:1.
Net profit of the firm before above adjustments was ₹1,25,400.
From the above information, prepare Profit and Loss Appropriation Account for the
year ended 31st March 2024.

OR

Kumar and Raja were partners in a firm sharing profits in the ratio of 7:3. Their fixed
capitals were Kumar ₹9,00,000 and Raja ₹4,00,000. The partnership deed provided
for the following but the profit for the year was distributed without providing for:
(a) Interest on capital @ 9% per annum.
(b) Kumar's salary ₹50,000 per year, and Raja's salary ₹3,000 per month.
The profit for the year ended 31st March, 2023 was 2,78,000.
Pass the adjustment entry. [3]
Q19. D Ltd. purchased net assets worth ₹2,00,000 from E Ltd. on 1st April, 2024 for
purchase consideration of ₹ 1,70,000. ₹ 50,000 were paid immediately and the
balance was paid by issue of ₹1,20,000, 12% Preference Shares. Record the
necessary journal entries for recording the transactions in the books of D Ltd.

OR

On 1st Jan., 2023 the first call of ₹3 per share became due on 1,00,000 equity shares
issued by Kamini Ltd. Karan a holder of 500 shares did not pay the first call money.
Arjun a shareholder holding 1,000 shares paid the second and final call of ₹5 per
share along with the first call.
Pass the necessary journal entry for the amount received by opening ‘Calls-in-
Arrears’ and ‘Calls-in-Advance’ Account in the books of the company. [3]

Page 5 of 11
Q20. Raj, Shammi and Shashi are partners sharing profits and losses in the ratio of 5:3:2.
They decided to share future profits and losses in the ratio 2: 3: 5 with effect from
1stApril, 2022. Following items appear in the Balance Sheet as at 31st March, 2022:

General Reserve ₹1,50,000

Advertisement Suspense a/c (Dr.) ₹1,00,000
Contingencies Reserves ₹50,000 Profit & Loss a/c (Dr.) ₹75,000
Pass necessary journal entries. [3]
Q21. Bliss Products Ltd. registered with capital of ₹ 90,00,000 divided into 90,000 equity
shares of ₹100 each. The company issued prospectus inviting applications for 50,000
equity shares of ₹100 each payable as ₹20 on application, ₹30 on allotment, ₹20 on
first call and balance on second call.
Applications were received for ₹40,000 shares. Raman to whom 1,600 shares were
allotted failed to pay final call money and these shares were forfeited. Out of these
forfeited shares, 600 shares were reissued to Sukhman, credited as fully paid for ₹90
per share.
Present the Share Capital as per Schedule III of Companies Act, 2013. [4]
Q22. Rajat and Joe were partners in a firm, manufacturing polythene bags. After the strict
ban on the use of polythene bags by the Government of India, the partners decided to
dissolve the firm. Following is the Balance Sheet of Rajat and Joe as on 31st March,
2023:
Balance Sheet
Liabilities (₹) Assets (₹)
Rajat’s Capital 10,000 Buildings 15,000
Joe’s Capital 10,000 Plant 20,000
General Reserve 10,000 Goodwill 4,000
Mrs. Rajat’s Loan 5,000 Investments 10,000
Mrs. Joe’s Loan 10,000 Stocks-in-Trade 5,000
Sundry Creditors 30,000 Debtors 20,000

Bills Payable 8,000 Less: Provision 2,000 18,000

Investment Fluctuation Reserve 1,000 Cash at Bank 8,000

Cash in Hand 500

Profit and Loss Account 3,500
84,000 84,000

On the above date, the firm was dissolved and at that time:
Creditors and bills payable were due, on an average basis, one month after 31st March,
but they were paid immediately on 31st March, @ 6% discount per annum.
There was an old manufacturing machine in the firm which had been written off completely
from the books. It was now estimated to realise ₹8,000. It was taken away by Joe at this
estimated price.
Realisation expenses of ₹4,800 were to be borne by Rajat. However, they were paid by
Joe.
On the basis of the above information, you are to suggest the answers of the following
questions at the time of dissolution:

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(i) What will be the required amount to be paid to the creditors?
(ii) What amount will be paid to bills payable?
(iii) How will old manufacturing machine be recorded at the time of dissolution of the firm?
(iv) How will the realisation expenses be recorded in the books of accounts? [4]
Q23. X Ltd. has offered 50,000 equity shares of 100 each at a premium of ₹20, payable as
follows:
Application ₹50
Allotment ₹40 (including premium) and
Balance on first and final call.
The bank account of the company has received ₹35, 00,000 on account of share
application money.
X Ltd. decided to allot shares to all the applicants on pro-rata basis. The balance in calls
in arrears account at the time of allotment and first and final call amounted to ₹1, 00,000
and ₹1, 50,000 respectively. These shares were forfeited and reissued at ₹90 per share
as fully paid up. Pass journal entries in the books of X Ltd.

OR

Record the Journal entries for forfeiture and reissue in the following cases:
(a) X Ltd. forfeited 200 shares of ₹100 each, ₹70 called up on which the shareholders
had paid application and allotment money of ₹50 per share. Out of these, 150
shares were reissued to Naresh as ₹70 per share paid up for ₹80 per share.
(b) Y Ltd. forfeited 180 shares of ₹10 each, 8 called up, issued at a premium of
₹ 2 per share to 'R' for non-payment of allotment money of ₹ 5 per share (including
premium). Out of these, 160 shares were reissued to Sanjay as ₹8 called up for
₹10 per share fully paid up. [6]
Q24. On 31st March 2023, the Balance Sheet of W & R who shared profits in 3:2 ratio was
as follows:
Liabilities (₹) Assets (₹)
Creditors 20,000 Cash 5,000
Profit and Loss Accounts 15,000 Sundry Debtors
20,000
Capital Accounts: Less: Provision 19,300
700
W 40,000 Stock 25,000
R 30,000 70,000 Plant and Machinery 35,000
Patents 20,700
1,05,000 1,05,000

On this date, B was admitted as a partner on the following conditions:

(i) B will get 4/15th share of profits.
(ii) B had to bring ₹ 30,000 as his capital to which amount other partners’ capitals shall
have to be adjusted.
(iii) He would pay cash for his share of goodwill which would be based on 2.5 years’
purchase of average profits of past 4 years.
(iv) The assets would be revalued as under:
Sundry debtors at book value less 5% provision for doubtful debts, stock at ₹ 20,000
plant and machinery at ₹ 40,000.

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 (v) The profits of the firm for the years ended on 31st March 2020, 2021 and 2022 were
₹ 20,000, ₹14,000 and ₹ 17,000 respectively.
Prepare Revaluation Account and Partners Capital Accounts.

OR

Anita, Gaurav and Sonu were partners in a firm sharing profits and losses in the
proportion to their capitals. Their balance sheet as at 31st March 2023 was as
follows:

Liabilities (₹) Assets (₹)

Capitals: Land & Building 5,00,000
Anita 2,00,000 Investments 1,20,000
Gaurav 2,00,000 Debtors 1,50,000
Sonu 1,00,000 5,00,000 Less: Provision for
Investment Fluctuation Doubtful debts 10,000
1,40,000
Fund 40,000
General Reserve 30,000 Stock 1,00,000
Creditors 4,60,000 Cash at Bank 1,70,000
10,30,000 10,30,000

On the above date, Anita retired from the firm and the remaining partners decided to
carry on the business. It was decided to revalue the assets and reassess the
liabilities as follows:
(i) Goodwill of the firm was valued at ₹ 3, 00,000 and Anita’s share of goodwill was
adjusted in the capital accounts of the remaining partners, Gaurav and Sonu.
(ii) Land and building was to be brought up to 120% of its book value.
(iii) Bad Debts amounted to ₹ 20,000. A provision for doubtful debts was to be
maintained at 10% on debtors.
(iv) Market value of investments was₹ 1, 10,000.
(v) ₹ 100000 was paid immediately by cheque to Anita out of the amount due and the
balance was to be transferred to her loan account which was to be paid in two
annual instalments along with interest at 10% per annum.
Prepare Revaluation Account and Partners’ Capital Accounts. [6]
Q25. Banvari, Girdhari and Murari are partners in a firm sharing profits and losses in the ratio
of 4: 5 : 6. On 31st March 2018 Girdhari retired. On that date the capitals of Banvari
Girdhari and Murari before the necessary adjustments stood at ₹ 2, 00,000, ₹ 1, 00,000
and ₹ 50,000 respectively. On Girdhari’s retirement Goodwill of the form was valued at
₹ 1, 14,000. Revaluation of assets and reassement of liabilities resulted in a profit of
₹ 6,000. General reserve stood in the books of the firm at ₹ 30,000.
The amount payable to Girdhari was transferred to his loan account. Banvari and Murari
agreed to pay Girdhari 2 yearly instalments of ₹ 75,000 each including interest @ 10%
per annum on the outstanding balance during the first two years and the balance
including interest in the third year. The firm closes its books on 31st March every year.
Prepare Girdhari’s loan account till it is finally paid showing the working notes clearly. (6)
Q26. Karan, Manan and Lakhan were partners in a firm sharing profits in the ratio of
2 : 2 : 1. Their Partnership Deed provided the following:
(i) An annual salary of ₹ 30,000 to Karan.

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 (ii) Manan was guaranteed a minimum profit of ₹ 3, 00,000. Any deficiency on
that account will be borne by Karan and Lakhan in the ratio of 5: 1.
(iii) Lakhan guaranteed that he will earn an annual fee of ₹ 1, 60,000 for the firm.
Profit earned by the firm for the year ended 31st March 2024 was ₹ 5, 70,000. Gross
fee earned by Lakhan was ₹ 1, 00,000. Prepare P & L Appropriation Account. [6]

PART B
Analysis of Financial Statements
Q27. Which of the following is not classified as short term provisions:
(a) provision for tax (b) provision for employee benefit expenses
(c) provision for expenses (d) provision for retirement benefits
OR
Which one of the following is correct?
(i) Working capital turnover establishes a relationship between net revenue from
operations and working capital of a company.
Revenue from Operations
(ii) Inventory Turnover Ratio = Working Capital

(iii) The higher the inventory turnover ratio, the better it is.

(iv) Higher inventory turnover ratio always means higher profits.

Choose the correct option:

(a) Only (i) and (ii)
(b) Only (i) and (iii)
(c) Only (ii), (iii) and (iv)
(d) All (i), (ii), (iii) and (iv) [1]

Q28. There are current liabilities ₹ 3,00,000, current ratio 3:1 and liquid ratio 1:1 of a
company. The value of inventory will be:
(a) ₹ 1,50,000 (b) ₹ 4,50,000
(c) ₹ 3,00,000. (d) ₹ 6,00,000 [1]
Q29. Balance Sheet (an Extract)

Equity and Liabilities 31st March, 2022 31st March, 2023

12% Debentures 2,00,000 1,60,000

Additional information:
Interest on debenture is paid on half yearly basis on 30th September and 31st March
each year.
Debentures were redeemed on 30th September 2022.
How much amount related to above information will be shown in financing activities
for cash flow statement prepared on 31st March 2023?
(a) Outflow ₹ 40,000. (b) Inflow ₹ 42,600
(c) Outflow ₹ 61,600 (d) Outflow ₹ 64,000

OR

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 Which of the following will be shown under Financing Activities?
(i) Issue of shares
(ii) Issue of debentures
(iii) Purchase of new plant and machinery
(iv) Increase in inventories
(v) Bank overdraft raised
(a) Only (i) and (ii)
(b) Only (iii) and (v)
(c) (i), (ii) and (v)
(d) (i), (ii), (iii) and (v) [1]

Q30. K Ltd., manufacturing company obtained a Loan of ₹ 6,00,000, advanced a loan of

₹1,00,000 and purchased machinery for ₹ 5,00,000. Calculate the amount of cash
flow from financing activities. (1)
(a) cash inflow ₹ 5,00,000 (b) cash inflow ₹ 6,00,000
(c) cash outflow ₹ 5,00,000 (d) cash outflow ₹ 6,00,000

Q31. State the major headings under which the following items will be put as per Schedule
III, Part I of Companies Act, 2013:
(i) Long term investments (ii) Bills Receivable
(iii) Motor Car (iv) Loss on issue of Debentures
(v) Security Premium (vi) Unclaimed Dividend [3]

Q32. From the following information extracted from the Statement of Profit and Loss of Zed
Ltd. for the year ended 31st March 2022 and 31st March 2023, prepare a Common
size Statement of Profit and Loss: [3]
Particulars Note 2022-23 (₹) 2021-22 (₹)
no.
Revenue from Operation 10,00,000 8,00,000
Other Incomes 1,00,000 1,00,000
Expenses 6,00,000 4,80,000
Tax Rate 40% 40%

Q33. From the following information calculate inventory turnover ratio:

Revenue from Operations ₹16, 00,000; Average Inventory ₹ 2, 20,000; Gross Loss
ratio 5%.
OR

From the following information compute Debt to Equity ratio:

Long-term borrowings ₹ 2, 00,000
Long-term Provisions ₹ 1, 00,000
Current Liabilities ₹ 50,000
Non-Current Assets ₹ 3, 60,000
Current Assets ₹ 90,000 [4]

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Q34. Following is the Balance Sheets of Lighthouse Ltd.

Particulars Note 31stMarch, 31stMarch,

No. 2023(₹) 2022(₹)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 2,10,000 1,80,000
(b) Reserves & Surplus 1,32,000 24,000
2. Non-current Liabilities
(a) Long-Term borrowings @ 10% 1,50,000 1,50,000
3. Current Liabilities
(a) Trade Payables 75,000 27,000

Total
5,67,000 3,81,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
i. Tangible Assets 2,94,000 2,52,000
(b) Non-Current Investment 48,000 18,000
2. Current Assets
(a) Current Investment 54,000 60,000
(b) Inventories 1,07,000 24,000
(c) Trade Receivables 40,000 17,500
(d) Cash & Cash Equivalents
24,000 9,500

Total
5,67,000 3,81,000

You are required to calculate cash flow from:

(a) Operating activities
(b) Investing activities
(c) Financing activities [6]

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