Question 26 Chapter 5 of +2-B
Indirect Method
26. (Cash Flow from Operating Activities/Income Tax & Refund) Profit and loss statement, for the year ended 31″ March 2018. Prepare a statement, showing cash from operating activities.
Particulars | 31st March 2018 | ||
I | Net Revenue from Operations | 2,00,000 | |
II | Other Incomes | – | |
III | Total Revenue (I + II) | 2,00,000 | |
IV | Expenses : | ||
Depreciation and amortization expenses : | |||
Depreciation | 30,000 | ||
Goodwill wrote off | 10,000 | ||
Total Expenses | 40,000 | ||
V | Profit before extraordinary exceptional items and tax | 1,60,000 | |
VI | Exceptional items : | ||
Profit on sale of machinery | 20,000 | ||
Tax refund | 10,000 | 30,000 | |
Loss on Sale of Land | -20,000 | ||
VII | Profit before tax | 1,70,000 | |
VIII | Tax. Expenses Current (Provision) | -30,000 | |
Profit after Tax (Net) | 1,40,000 |
The solution of Question 26 Chapter 5 of +2-B: –
Cash Flow from Operating Activities |
||
Particulars |
Rs |
|
Profit after tax | 1,40,000 | |
Add: Income tax Provision | 30,000 | |
Profit Before tax | 1,70,000 | |
Add Non-Cash and Non-Operating Items : | ||
Depreciation | 30,000 | |
Goodwill amortized | 10,000 | |
Loss on sale of land | 20,000 | 60,000 |
2,30,000 | ||
Less: Non-Operating Incomes : | ||
Profit on sale of Machinery | 20,000 | |
Tax refund | 10,000 | (30,000) |
Cash from Operating Activities before tax | 2,00,000 | |
Less: Income tax Paid | (20,000) | |
Cash Flow from Operating activities | 1,80,000 |
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 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
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
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