Question 14 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
14. ganga Yamuna Ltd. reported profit of 12,50,000 for the year ended march 31,2022 after considering the following:
| depreciation on building | ₹ 35,000 |
| depreciation on plant and machinery | ₹ 75,000 |
| Depreciation on furniture | ₹ 18,000 |
| amortization of goodwill | ₹ 12,000 |
| gain on sale of machinery | ₹ 20,000 |
The current assets and current liabilities at the beginning and at the end of the year are:
| Particulars | 31-3-2021 | 31-3-2022 |
| Accounts receivable | ₹ 38,000 | ₹ 42,000 |
| Stock in hand | ₹ 75,000 | ₹ 68,000 |
| Cash in hand | ₹ 18,000 | ₹ 32,000 |
| Accounts payable | ₹ 34,000 | ₹ 32,000 |
| Expenses payable | ₹ 7,000 | ₹ 10,000 |
Calculate cash flow from operating activities.
The solution of Question 14 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –
Calculation of cash flow from operating activities.
| ₹ | ||
| Net profit as per P & A/c | 12,50,000 | |
| Add: non cash, non-operating expenses | ||
| Depreciation on building | 35,000 | |
| Depreciation on plant and machinery | 75,000 | |
| Depreciation on furniture | 18,000 | |
| Amortization of goodwill | 12,000 | |
| Loos on sale machinery | 20,000 | 1,60,000 |
| Operating profit before working capital charges | 14,10,000 | |
| Add: increase in current liabilities | ||
| Expenses payable | 3,000 | |
| Decrease in current assets | ||
| Stock | 7,000 | 10,000 |
| 14,20,000 | ||
| Less: decrease in current liabilities increase in current assets | ||
| Accounts payable | (2,000) | |
| Accounts receivable | (4,000) | (6,000) |
| Cash flow from operating activities | 14,14,000 | |
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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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