NAME…………………………………………. Roll No……………… Section…………..
Indian Institute of Management Kashipur
MBA Term I (For Section C and D Only)
Financial Accounting Quiz 3
Time : 30 minutes Max Marks : 20
Now, Arihant wishes to use the Chemalite approach to make the cash flow statements of his
own company for the last full year, and he collected the company's balance sheet and income
statements for the last two years. Prepare a Cashflow Statement using the Indirect Method for
year 2023-24.
Balance Sheet
(As on 31st March ……………..)
All figures in Rs lakhs
2022-2 2023-2 2022-2 2023-2
3 4 3 4
Equity 250 250 Fixed Assets (Cost) 350 450
Profit and Loss
Account 55 83 Accumulated Depreciation 128 147
Long Term Loan 300 450 Fixed Assets (Net) 222 303
Investment in Subsidiary
Trade Payables 75 85 Firms 250 360
Proposed Dividend 8 7 Inventory 78 112
Outstanding Wages 12 8 Trade Receivables 98 86
Bank 52 22
700 883 700 883
Statement of Profit and Loss
(for the year ending on 31st March, …………)
2022-23 2023-24
Revenue 750 886
Material Used 432 501
Wages Paid 181 202
Operating Expenses 87 113
Depreciation 12 19
Interest 18 16
Profit 20 35
Additional Notes: This year, they have purchased additional assets of Rs. 100 lakhs by raising
an additional loan of Rs. 150 lakhs. They also acquired the stocks of some sister concerns
reflected in their investments and paid the dividend proposed in last year.
Give your answers in the format given on back page.
ANSWER
Cash Flow Statement
(for the year ending on 31st March, …………)
Amount(Rs
lakhs)
Cash at the beginning
Cash from Operating Activities:
Cash from Investing Activities:
Cash from Financial Activities:
Change in Cash
Cash Balance at the End
NAME…………………………………………. Roll No……………… Section…………..
Indian Institute of Management Kashipur
MBA Term I (For Section C and D Only)
Financial Accounting Quiz 3.
Time : 30 minutes Max Marks : 20
Now, Arihant wishes to use the Chemalite approach to make the cash flow statements of his
own company for the last full year, and he collected the company's balance sheet and income
statements for the last two years. Prepare a Cashflow Statement using the Indirect Method for
year 2023-24
Balance Sheet
(As on 31 st March …………….)
All figures in Rs lakhs
2022-2 2023-2 2022-2 2023-2
3 4 3 4
Equity 320 320 Fixed Assets (Cost) 460 620
Profit and Loss
Account 93 177 Accumulated Depreciation 128 187
Long Term Loan 300 450 Fixed Assets (Net) 332 433
Investment in Subsidiary
Trade Payables 75 67 Firms 250 380
Proposed Dividend 10 13 Inventory 78 115
Outstanding Wages 22 19 Trade Receivables 108 86
Bank 52 32
820 1046 820 1046
Statement of Profit and Loss
(for the year ending on 31st March, …………)
2022-23 2023-24
Revenue 950 988
Material Used 482 501
Wages Paid 181 202
Operating Expenses 87 113
Depreciation 37 59
Interest 18 16
Profit 145 97
Additional Notes: This year, they have purchased additional assets of Rs. 160 lakhs by raising
a further loan of Rs. 150 lakhs. They also acquired the stocks of some sister concerns
reflected in their investments and paid the dividend proposed in last year.
Give your answers in the format in page 2.
ANSWER
Cash Flow Statement
(for the year ending on 31st March, …………)
Amount(Rs
lakhs)
Cash at the beginning
Cash from Operating Activities:
Cash from Investing Activities:
Cash from Financial Activities:
Change in Cash
Cash Balance at the End
NAME…………………………………………. Roll No……………… Section…………..
Indian Institute of Management Kashipur
MBA Term I (For Section C and D Only)
Financial Accounting Quiz 3..
Time : 30 minutes Max Marks : 20
Now, Arihant wishes to use the Chemalite approach to make the cash flow statements of his
own company for the last full year, and he collected the company's balance sheet and income
statements for the last two years. Prepare a Cashflow Statement using the Indirect Method for
year 2023-24
Balance Sheet
(As on 31 st March ……………..)
All figures in Rs lakhs
2022-2 2023-2 2022-2 2023-2
3 4 3 4
Equity 280 280 Fixed Assets (Cost) 460 540
Profit and Loss
Account 78 233 Accumulated Depreciation 128 194
Long Term Loan 300 244 Fixed Assets (Net) 332 346
Investment in Subsidiary
Trade Payables 84 87 Firms 250 325
Proposed Dividend 26 22 Inventory 78 99
Outstanding Wages 22 23 Trade Receivables 78 87
Bank 52 32
790 889 790 889
Statement of Profit and Loss
(for the year ending on 31st March, …………)
2022-23 2023-24
Revenue 950 1288
Material Used 482 634
Wages Paid 181 252
Operating Expenses 87 143
Depreciation 37 66
Interest 18 16
Profit 145 177
Additional Notes: This year, they purchased additional assets of Rs. 80 lakhs and repaid their
partial long-term loans, which are reflected in the balance sheet. They also acquired the
stocks of some sister concerns reflected in their investments and paid the dividend proposed
in last year.
Give your answers in the format in page 2.
ANSWER
Cash Flow Statement
(for the year ending on 31st March, …………)
Amount(Rs
lakhs)
Cash at the beginning
Cash from Operating Activities:
Cash from Investing Activities:
Cash from Financial Activities:
Change in Cash
Cash Balance at the End
