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Question 19 Chapter 5 of +2-B
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Table of Contents
19. Compute Cash Flow from Operating Activities from the following:
(i) Profit for the year ended 31st March, 2019 is Rs 10,000 after providing for depreciation of Rs 2,000.
(ii) Current Assets and Current Liabilities of the business for the year ended 31st March, 2018 and 2019 are as follows:
| Particulars | 31st March, 2018 (Rs) | 31st March, 2019 (Rs) |
| Trade Receivables | 14,000 | 15,000 |
| Provision for Doubtful Debts | 1,000 | 1,200 |
| Trade Payables | 13,000 | 15,000 |
| Inventories | 5,000 | 8,000 |
| Other Current Assets | 10,000 | 12,000 |
| Expenses Payables | 1,000 | 1,500 |
| Prepaid Expenses | 2,000 | 1,000 |
| Accrued Income | 3,000 | 4,000 |
| Income Received in Advance | 2,000 | 1,000 |
The solution of Question 19 Chapter 4 of +2-B: –
Cash Flow From for the year ended 31st March, 2019 | ||
| Particulars | Rs | |
| Profit as per Statement of Profit and Loss | 10,000 | |
| Items to be Added: | ||
| Depreciation | 2,000 | |
| Profit Before Tax and Extraordinary items | 12,000 | |
| Less: Increase in Current Assets | ||
| Accrued Income | 1,000 | |
| Inventories | 3,000 | |
| Other Current Assets | 2,000 | |
| Trade Receivables | 1,000 | |
| Less: Decrease in Current Liabilities | ||
| Income Received in Advance | 1,000 | |
| Add: Increase in Current Liabilities | ||
| Expenses Payable | 500 | |
| Provision for Doubtful Debts | 200 | |
| Trade Payables | 2,000 | |
| Add: Decrease in Current Assets | ||
| Prepaid Expenses | 1,000 | 4,300 |
| Net Cash Flows from Operating Activities | 1,54,800 | |
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Also, Check out the solved question of previous Chapters: –
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
