Question 10 Chapter 5 of +2-B – USHA Publication 12 Class

Question 10 Chapter 5 of +2-B

Question 10 Chapter 5 of +2-B

Cash Flow From Operating Activities

10. Calculate net cash flows from operating activities from the following information

Particulars31-3-2015 (₹)31-3-2016 (₹)
Debtors  60,00050,000
Prepaid Expenses  25,00023,000
Accrued Income 32,00028,000
Income received in advance3,5004,500
Creditors 35,00022,000
Bills Payable8,0009,000
 Outstanding Expenses 80,00090,000

Profit made during 2011 amounted to 1,00,000 after taking into account the following adjustments :

(i) Profit on sale of investments2,000
(ii) Loss on sale of machine900
(iii) Goodwill Amortized3,000
(iv) Depreciation Charged2,900

 

The solution of Question 10 Chapter 5 of +2-B: – 


Cash Flow from Operating Activities
Particulars
Rs
Profit as per Profit and Loss Account 1,00,000
Add: Decrease in Accrued Income 300
Increase in Advance Income 200
Increase in Creditors 2,000
Loss on sale of machine 900
Depreciation 2,900
Goodwill Amortized 3,000
  1,09,300
Less: Increase in Debtors 4,000
Increase in Prepaid Expenses 700
Decrease in Bills Payable 2,000
Decrease in Outstanding Expenses 2,000
Profit on sale of Investment 2,000
Cash Flow from Operating activities 98,600


Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 10 Chapter 5 of +2-B  - USHA Publication 12 Class
T.S. Grewal’s Analysis of Financial Statement

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