Question 22 Chapter 5 of +2-B
Table of Contents
Indirect Method
22. (Cash Flow from Operating Activities/Proposed dividend for Current Year) From the particulars calculate net cash from operations :
| ₹ | |
| Operating profit after Income Tax provision 1,53,000 | 6,28,000 |
| Insurance Claim received | 1,00,000 |
| Proposed dividend for current year | 72,000 |
| Depreciation | 1,40,000 |
| Loss on sale of machinery | 30,000 |
| Profit on sale of investments | 20,000 |
| Dividend received on investments | 6,000 |
| Decrease in current assets (other than cash and cash equivalents) | 10,000 |
| Increase in current liabilities | 1,51,000 |
| Increase in current assets (other than cash and cash equivalents) | 6,00,000 |
| Decrease in current liabilities | 64,000 |
| Income tax paid | 1,18,000 |
| Income tax refund received | 3,000 |
The solution of Question 22 Chapter 5 of +2-B: –
Cash Flow from Operating Activities |
||
| Particulars |
Rs |
|
| Net Profit after tax | 6,28,000 | |
| Add: Provision for taxation | 1,50,000 | |
| Net Profit before Income Tax | 7,78,000 | |
| Add Non-Cash Items : | ||
| Depreciation | 1,40,000 | |
| Operating profit before the change in working capital changes | 9,18,000 | |
| Add: Decrease in Current Assets | 10,000 | |
| Increase in Current liabilities | 1,51,000 | 1,61,000 |
| 10,79,000 | ||
| Less: Increase in Current Asserts | 6,00,000 | |
| Decrease in Current liabilities | 64,000 | 6,64,000 |
| Cash Generated from Operating Activities | 4,15,000 | |
| Less: Income tax paid | 1,15,000 | |
| Cash flow from Operating Activities before Extraordinary items | 3,00,000 | |
| Add: Insurance Claim Received | 1,00,000 | |
| Cash Flow from Operating activities | 4,00,000 | |
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
