Question 11 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
11.calculate cash from operating activities.
(I) profits made during the year 2,50,000 after considering the following item:
(a) depreciation on fixed assets 10,000
(b) amortization of goodwill 5,000
(c) Transfer to general reserve 7,000
(d) profit on sale of land 3,000
(ii) The following is the position of current assets and current liabilities:
| Particulars | 2021 (₹) | 2022 (₹) |
| Debtors | 15,000 | 12,000 |
| Creditors | 10,000 | 15,000 |
| Bills receivable | 8,000 | 10,000 |
| Prepaid expenses | 4,000 | 6,000 |
The solution of Question 11 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –
Calculation of cash flow from operating activities.
| ₹ | ||
| Net profit as per P & L A/c | 2,50,000 | |
| Non -cash, non -operating Expenses | ||
| Add: transfer to general reserve | 7,000 | |
| Depreciation | 10,000 | |
| Amortization of goodwill | 5,000 | 15,000 |
| Less: non cash ,non-operating income | 2,72,000 | |
| Profit on sale of land | ||
| Operating profit before working capital charges | (3,000) | |
| Add: decrease in current assets | 2,69,000 | |
| Increase in current liabilities | ||
| Increase in creditors | 5000 | |
| Decrease in debtors | 3000 | 8,000 |
| Less: decrease in current liabilities | ||
| Increase in current assets | ||
| Increase in B/R | (2000) | |
| Increase in prepaid Exp. | (2000) | (4000) |
| Cash from operating activities | 2,73,000 | |
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Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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