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Question No 04 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
4. The following is the position of current assets and current liabilities of Z Ltd:
| Particulars | 2021 (₹) | 2022 (₹) |
| Provision for bad debts | 1,000 | - |
| Shorts-term loans | 10,000 | 19,000 |
| Creditors | 15,000 | 10,000 |
| Bills receivable | 20,000 | 40,000 |
The company incurred a loss of 45,000 during the year. Calculate cash from operating activities.
Calculation of cash flow from opening CTIVITIES.
| ₹ | ||
|---|---|---|
| Net loss as per profit and loss a/c | (45,000) | |
| Add: increase in current liabilities decrease in current assets | ||
| Short term loans | 9,000 | |
| (36,000) | ||
| Less: decrease in current liabilities | ||
| Creditors | (5,000) | |
| Provision for b/d | (1,000) | |
| Increase in current assets | ||
| Bills receivable | (20,000) | (26,000) |
| Cash used in operating activities. | (62,000) | |
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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