CBSE Class 12 Accountancy Cash Flow Statement Previous Year Question Paper 2021-22

Reviewed by · Updated on

Question Papers Class 12 PDF

This CBSE Class 12 Accountancy Previous Year Question Paper for the 2021-22 session focuses on the Cash Flow Statement. It includes various question types, such as Very Short Answer (VSA) questions worth 1 and 2 marks, and Multiple Choice Questions (MCQ). Topics covered include the objectives, benefits, and definition of a Cash Flow Statement, as well as cash and cash equivalents. The paper also delves into classifying transactions into operating, investing, and financing activities, with a significant section dedicated to calculating Cash Flow from Operating Activities using balance sheet data. Solving this board question paper provides students with valuable practice in understanding the exam pattern and applying their knowledge to real-world accounting scenarios, ultimately aiding in better exam performance.

Home

Quick info

BoardCBSE
Class12
SubjectAccountancy-II - PYP Chapter-Wise
Session2021-22
LanguageEnglish
TypePrevious Year Question Paper
Exam typeBoard Exam

Paper pattern

The paper includes Very Short Answer (VSA) questions of 1 and 2 marks, and Multiple Choice Questions (MCQ). A significant question requires calculation of Cash Flows from Operating Activities from a given Balance Sheet.

Topics covered

Paper topics

  • Objectives of Cash Flow Statement
  • Benefits of Cash Flow Statement
  • Cash and Cash Equivalents
  • Cash Flows
  • Cash Flow from Operating Activities
  • Cash Flow from Investing Activities
  • Cash Flow from Financing Activities

Important topics

  • Cash Flow Statement Objectives
  • Cash Flow Statement Benefits
  • Cash Equivalents
  • Classifying Cash Flows
  • Calculating Cash Flow from Operating Activities
  • Calculating Cash Flow from Investing Activities

PDF preview

Read page by page below. PDF is streamed from the official NCERT website — no download button on this page.

Loading document …
Page of
Loading page …

Question paper text

Cash Flow Statement

Previous Years' CBSE Board Questions

6.1 Objectives of Cash Flow Statement

VSA. (1 mark)

State the primary objective of preparing cash flow statement. (2020, 2018, Delhi 2014) R

(2 marks)

What is Cash Flow Statement? (NCERT, Term-II, 2021-22)

6.2 Benefits of Cash Flow Statement

VSA (1 mark)

3 State any two advantages of preparing cash flow statement. (Delhi 2017)

6.3 Cash and Cash Equivalents

VSA (1 mark)

Short term highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value are called_ (2020)

  1. 'Cheques and drafts in hand' are not considered while preparing cash flow statement, why? (Delhi 2017)
  2. Give the meaning of 'Cash equivalents' for the purpose of preparing Cash Flow Statement.

(Delhi 2016) R

6.4 Cash Flows

MCQ

7 which of the following transactions will not result in flow of cash:

  1. cash withdrawn from the bank ₹7,000
  2. issue of shares ₹20,00,000
  1. purchase of investments ₹60,000 (d) Cash equivalents. (2023)
  2. payment of wages ₹11,000
  1. Which of the following transactions will not result in flow of cash?
  2. Purchase building of ₹12,75,000 for cash
  3. Cash deposited into Bank ₹12,50,000
  4. Issue of equity shares of ₹20,00,000 for cash
  5. Redemption of 8% debentures of ₹7,50,000 for cash (2021 C)
  6. Which of the following transactions will result into 'Flow of Cash'?
  7. Deposited ₹ 10,000 into bank.
  8. Withdraw cash from bank ₹ 14,500.
  9. Sale of machinery of the book value of ₹ 74,000 at a loss of ₹ 9.000.
  10. Converted ₹ 2,00,000, 9% debentures into equity shares. (Delhi 2015)

Which of the following transactions will result flow

of cash?

Cash withdrawn from Bank ₹ 20,000

  1. Issued ₹ 20,000, 9% debentures for the vendors of machinery.
  2. Received ₹19,000 from debtors.
  3. Deposited cheques of ₹ 10,000 into bank.

(AJ 2015) Ap

VSA (1 mark)

11. State giving reason, whether issue of shares for

consideration other than cash will result into inflow,

outflow or no flow of cash. (2020)

What is meant by 'Cash Flows'? (Delhi 2019)

SAL (2 marks)

State whether the following transactions will result

in inflow, outflow or no flow of cash while preparing

cash flow statement:

  1. Issued bonus shares ₹5,00,000.
  2. Interest received in cash from loans and advances ₹80,000. (Term-II, 2021-22) U

6.6 Ascertaining Cash Flow from Operating Activities

MCQ

  1. In case of a financial enterprise whose main business is lending and borrowing, "interest received" are classified as:
  2. Operating activities
  3. Investing activities
  4. Financing activities

VSA (1 mark)

What is meant by 'Operating Activities'? (2020)

'Interest received and paid' is considered as which

type of activity by a finance company while preparing

a Cash Flow Statement? (2018)

'An enterprise may hold securities and loans for

dealing or trading purposes in which case they are

similar to inventory acquired specifically for resale. Is

the statement correct? Cash flow from such activities

will be classified under which type of activity while

preparing Cash Flow Statement?

(Delhi 2016, Al 2016)

LAI (5/6 marks)

  1. From the following Balance Sheet of Jay Ltd. as at 31.2.2022, calculate 'Cash Flows from Operating Activities':

Jay Ltd.

Balance Sheet as at 31.03.2022

Note 31-03-2022 31-03-2021

Particulars No. (7) (T)

L Equity and Liabilities: 1 Shareholders' Funds"

  1. Share Capital 1 50,00,000 30,00,000
  2. Reserves and Surplus 2 10,00,000 6,00,000 Non-Current Liabilities:

Long-term borrowings 3 8,00,000 4.00,000

3 Current Liabilities

  1. Trade Payables 2,00,000 3,00,000
  2. Other Current Liabilities 4 3,00,000 1,00,000
  3. Short-term provisions 5 1.50,000 1,00,000

Total 74,50,000 4.50.0000

  1. Assets Non-Current Assets: Fixed Assets

Tangible Assets 6 60,00,000 40,00,000

  1. Intangible Assets 7 4,00,000 4,00,000 2 Current Assets
  2. Inventories 7,00,000 40,000
  3. Cash and Cash equivalents 3,50,000 60,000

Total 74,50,000 45,00,000

Notes of Accounts:

Note 31-03-2022 31-03-2021

Particulars No. (3) (T)

1 Share Capital: Equity Share Capital 50.00.000 30,00,000

  1. Reserves and Surplus:

Surplus i.e., balance in the statement of profit and loss 10,00,000 6.00.000

  1. Long-term borrowings:

10% debentures 8,00,000 4.00,000

  1. Other Current Liabilities:

Outstanding rent 3,00,000 1,00,000

  1. Short-term provisions:

Provision for tax 1,50,000 1,00,000

  1. Tangible Assets:

Land 60.00.000 40,00,000

7... Intangible Assets: Patents 4,00,000 4.00,000

Additional information:

(Term-II, 2021-22)

₹4,00,000, 10% Debentures were issued on 31.03.2022

6.7 Ascertainment of Cash Flow from Investing and Financing Activities

MCQ

Interest of ₹3.000 received in cash on loans and advances will result in:

  1. cash inflow from operating activities
  2. cash inflow from investing activities
  3. cash inflow from financing activities
  4. no change in cash or cash equivalents. (2023)

VSA (1 mark)

20. From the following information, calculate the amount

of cash flow from investing activities. Acquired

machinery for 10,00,000, paying 10% immediately in

Frequently asked questions

What is this document?

This is a previous year's CBSE Board Question Paper for Class 12 Accountancy, specifically focusing on the Cash Flow Statement for the 2021-22 session.

What topics are covered?

The paper covers objectives, benefits, and definitions related to the Cash Flow Statement, cash and cash equivalents, and the classification and calculation of cash flows from operating, investing, and financing activities.

How can solving this PYQ help?

Solving this previous year question paper helps students understand the exam pattern, question types, and marking scheme for the Cash Flow Statement, improving their preparation and confidence for the board exams.

What is the format of the questions?

The paper includes a mix of Very Short Answer (VSA) questions (1 and 2 marks) and Multiple Choice Questions (MCQ), along with a practical problem requiring calculation of cash flow from operating activities.

Is this paper useful for exam practice?

Yes, this board question paper is an excellent resource for practicing the Cash Flow Statement topic, allowing students to assess their understanding and identify areas for improvement before the final exams.

Important links

Content reviewed by the NCERT Help team. Editorial Team and update policy

Question Papers PDF on NCERT Help. URL unchanged for search indexing.