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Question 27 Chapter 15 of Class 12 Part – 2 – 2024
Indirect Method
27. (Cash Flow from Operating Activities) Calculate cash from operating activities from the following details.
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDING
| Particulars | Note No. | Note No. | 31st March 2018 | |
| I | Revenue from Operations : | |||
| Cash Sales | 3,00,000 | |||
| Credit Sales | 1,00,000 | 4,00,000 | ||
| II | Other Incomes | - | ||
| III | Total Revenue (I + II) | 4,00,000 | ||
| IV | Expenses : | |||
| Stock in Trade Purchases : | ||||
| Cash | 2,00,000 | |||
| Credit | 80,000 | 2,80,000 | ||
| Change in Inventory (Closing - Opening.) ₹ (60,000 - 50,000) | -10,000 | |||
| Other Expenses : | ||||
| Salary | 8,000 | |||
| Outstanding Salary | 2,000 | 10,000 | ||
| Total Expenses | 2,80,000 | |||
| Profit | 1,20,000 |
Cash Flow from Operating Activities
| Particulars |
Rs |
|
|---|---|---|
| Net Profit as per Statement of Profit and Loss | 1,20,000 | |
| Add: Increase in Current Liabilities | ||
| Creditors | 80,000 | |
| Outstanding Salary | 2,000 | 82,000 |
| 2,02,000 | ||
| Less: Increase in Current Assets | ||
| Debtors | 1,00,000 | |
| Inventory | 10,000 | 1,10,000 |
| Cash Flow from Operating activities | 92,000 | |
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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