Question 23 Chapter 5 of +2-B – USHA Publication 12 Class

Q-23- CH-5 Book 2 - Usha Publisher +2 Book 2019 - Solution

Question 23 Chapter 5 of +2-B

Indirect Method

23. (Cash Flow from Operating Activities/Acc. Dep. on Plant Sold) Calculate cash fib from operating activities from the following :

 Opening ₹ Closing ₹ Surplus i.e. balance in Statement of Profit and Loss 30,000 35,000 General Reserve 10,000 15,000 Provision for depreciation on Plant 30,000 35,000 Outstanding expenses 5,000 3,000 Goodwill 20,000 10,000 Trade Receivable 40,000 35,000

An item of a plant costing ₹ 20,000 having book value ₹ 14,000 was sold for 18,000 during the year.

The solution of Question 23 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 5,000 Add: Transfer to General Reserve 5,000 Net Profit before Income Tax 10,000 Add Non-Cash Items : Depreciation on Plant* 11,000 Goodwill write off 10,000 21,000 31,000 Less: Non-Operating income Profit on sale of Plant (4,000) Operating Profit before the change in Working Capital 27,000 Add: Decrease in Current Assets & Increase in Current Liabilities Trade Receivable 5,000 32,000 Less: Decrease in Current Liabilities & Increase in Current Assets Outstanding Expenses (2,000) Cash Flow from Operating activities 30,000

Working Note:

 Particulars Amount ₹ Particular Amount ₹ To Plant A/c (20,000 – 14,000) 6,000 By Bal b/d 30,000 By Profit & Loss A/c – Depreciation (Bal. fig.) 11,000 To Bal c/d 35,000 41,000 41,000

End of Solution

Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 15 – Cash Flow Statement Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 03 Chapter 5 of +2-B – USHA Publication 12 Class

Question 10 Chapter 5 of +2-B – USHA Publication 12 Class

Question 19 Chapter 5 of +2-B – USHA Publication 12 Class

Question 25 Chapter 5 of +2-B – USHA Publication 12 Class

Question 31 Chapter 5 of +2-B – USHA Publication 12 Class

Question 37 Chapter 5 of +2-B – USHA Publication 12 Class

Question 44 Chapter 5 of +2-B – USHA Publication 12 Class

Question 50 Chapter 5 of +2-B – USHA Publication 12 Class

Question 56 Chapter 5 of +2-B – USHA Publication 12 Class

Question 63 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

Check out Part 1 of both books.

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication