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Question 16 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021
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16. the following is the profit and loss A/c.
Profit and loss account
for the year ended march,31st 2022
| Particulars | (₹) | (₹) |
| Sales | 10,00,000 | |
| Cost of goods sold: | ||
| Opening Stock | 2,50,000 | |
| Purchase | 5,00,000 | |
| 7,50,000 | ||
| Less: closing stock | 2,00,000 | 5,50,000 |
| Gross profit | 4,50,000 | |
| Operating expenses | 3,00,000 | |
| Net profit | 1,50,000 |
Additional information:
1.trade debtors decrease by 30,000 during the year.
2.prepaid expenses increase by 5,000 during the year.
3.trade creditors decreased by 15,000 during the year.
4. outstanding expenses include by 3,000 during the year.
5. operating expenses include depreciation of 25,000.
You are required to computer net cash flow from operating activities.
The solution of Question 16 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –
Calculation of cash flow from operating activities.
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| ₹ | ||
| Net profit as per P & L A/c | 1,50,000 | |
| Add: non-cash expenses | ||
| Depreciation | 25,000 | |
| Operating profits before working capital changes | 1,75,000 | |
| Add: increase in current liabilities | ||
| Outstanding expenses | 3,000 | |
| Decrease in current assets | ||
| Stock (2,50,000-2,00,000) | 5,0000 | |
| Debtors | 30,000 | 83,000 |
| 2,58,000 | ||
| Less: decrease in current liabilities | ||
| Creditors | (15,000) | |
| Increase in current assets | ||
| Prepaid expenses | (5,000) | (20,000) |
| cash flow from operating activities | 2,38,000 | |
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What is the cash flow statement? why do we need to prepare?
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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