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Question 19 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 19 Chapter 5 of +2-B
Question No. 19 Chapter No.5 - T.S. Grewal +2 Book Part B

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Question 19 Chapter 5 of +2-B

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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:

Particulars31st March, 2018 (Rs)31st March, 2019 (Rs)
Trade Receivables14,00015,000
Provision for Doubtful Debts1,0001,200
Trade Payables13,00015,000
Inventories 5,0008,000
Other Current Assets 10,00012,000
Expenses Payables1,0001,500
Prepaid Expenses2,0001,000
Accrued Income3,0004,000
Income Received in Advance2,0001,000

 

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 Income1,000 
Inventories3,000 
Other Current Assets2,000 
Trade Receivables1,000 
Less: Decrease in Current Liabilities  
Income Received in Advance1,000 
Add: Increase in Current Liabilities  
Expenses Payable500 
Provision for Doubtful Debts200 
Trade Payables2,000 
Add: Decrease in Current Assets  
Prepaid Expenses1,0004,300
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)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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