Question 21 Chapter 5 of +2-B – USHA Publication 12 Class

Question 21 Chapter 5 of +2-B
Q-21- CH-5 Book 2 - Usha Publisher +2 Book 2019 - Solution

Question 21 Chapter 5 of +2-B

Indirect Method

21. (Cash Flow from Operating Activities/Proposed dividend for Previous Year) From the following statement calculate cash generated from operating activities :

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDING 31ST MARCH, 2018 
Particular
Revenue earned-Gross Profit    85,000
Add: Other Incomes     
Profit on sale of machinery  5,000  
Dividend received  3,000  
Commission accrued  4,000  
Income tax refund  6,000 18,000
Total Income    1,03,000
Less : Expenses incurred to earn revenue     
Salaries  10,000  
Rent  5,000  
Depreciation  20,000  
Loss on sale of Building  5,000  
Goodwill amortized  8,000  
Proposed dividend for the previous year  10,000  
Provision for Income tax  21,000 79,000
Net Profit    24,000

The solution of Question 21 Chapter 5 of +2-B: –

Solution of Questions 21 22 23 24 & 25 Cash Flow Statement Chapter 15 Accounts class 12 PSEB Day 210


Cash Flow from Operating Activities
Particulars
Rs
Net Profit as per Statement of Profit and Loss   24,000
Add Non-operating items :    
Proposed dividend for the previous year 10,000  
Provision for taxation 15,000 25,000
    49,000
Add Non-Cash Items :    
Depreciation 20,000  
Loss on sale of the building 5,000  
Goodwill amortized 8,000 33,000
    82,000
Less: Non-Operating Incomes:    
Profit on sale of machinery 5,000  
Dividend received 3,000  
Commission Accrued 4,000 (12,000)
Cash generated from Operating Activities   70,000
Less: Tax Paid   (15,000)
Cash Flow from Operating activities   55,000

End of Solution

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Question 05 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 17 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 28 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 39 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 49 Chapter 5 of +2-B – USHA Publication 12 Class

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Question 59 Chapter 5 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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