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Question 7 Chapter 15 of Class 12 Part – 2 – 2024
Cash Flow From Operating Activities
7. Compute Cash Flow from Operating Activities from the following Profit and Loss Account:
| Particulars | ₹ | Particulars | ₹ |
| Salary | 15,000 | Gross Profit | 45,000 |
| Rent | 10,000 | Profit on sale of Land | 4,000 |
| Depreciation | 2,000 | Income Tax Refund | 4,000 |
| Loss on Sale of Plant | 1,000 | ||
| Goodwill wrote off | 4,000 | ||
| Proposed Dividend | 5,000 | ||
| Provision for Taxation | 5,000 | ||
| Net Profit | 11,000 | ||
| 53,000 | 53,000 |
Cash Flow from Operating Activities
| Particulars |
Rs |
|
|---|---|---|
| Profit as per Profit and Loss Account | 11,000 | |
| Add: Depreciation | 2,000 | |
| Loss on Sale of Plant | 1,000 | |
| Goodwill written off | 4,000 | |
| Proposed Dividend | 5,000 | |
| Provision for Taxation | 5,000 | |
| Less: Profit on sale of Land | 4,000 | |
| Income Tax Refund | 4,000 | |
| Cash Flow from Operating activities | 20,000 | |
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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