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Question 17 Chapter 15 of Class 12 Part – 2 – 2024
Indirect Method
17. (Cash Flow from Operating Activities) From the following information calculate cash from operating activities by indirect method.
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED
| Particular | ₹ | ||
| I | Revenue from Operations | 50,000 | |
| II | Other Incomes (Profit on Sale of Investments) | 10,000 | |
| III | Total Revenue | 60,000 | |
| IV | Expenses: | ||
| Depreciation and Amortization Expenses | -15,000 | ||
| Other Expenses: | |||
| Salaries | 10,500 | ||
| Office Expenses | 5,000 | 15,500 | |
| V | Profit before Exceptional and Extraordinary item | 29,500 | |
| VI | Exceptional items | ||
| Loss on Sale of Machinery | -2,500 | ||
| Profit before Tax | 27,000 |
Cash Flow from Operating Activities
| Particulars |
Amount ₹ |
|
|---|---|---|
| Profit as per statement of Profit and Loss Account before tax | 27,000 | |
| Add: Loss on sale of machinery | 2,500 | |
| Depreciation | 15,000 | |
| 44,500 | ||
| Less: Profit on sale of Investment | 10,000 | |
| Cash Flow from Operating activities | 34,500 | |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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