Advertisement
Question 21 Chapter 5 of +2-B
Advertisement
Table of Contents
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 | |
Advertisement-Y
The solution of Question 21 Chapter 5 of +2-B: –
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 |
| 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 | |
Advertisement-X
Also, Check out the solved question of previous Chapters: –
Usha 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 (Reconstitution of Partnership)
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
