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

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