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Question 26 Chapter 5 of +2-B
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Table of Contents
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 |
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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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