Question 27 Chapter 5 of +2-B
Table of Contents
Indirect Method
27. (Cash Flow from Operating Activities) Calculate cash from operating activities from the following details.
| STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDING | ||||
| Particulars | Note No. | Note No. | 31st March 2018 | |
| I | Revenue from Operations : | |||
| Cash Sales | 3,00,000 | |||
| Credit Sales | 1,00,000 | 4,00,000 | ||
| II | Other Incomes | – | ||
| III | Total Revenue (I + II) | 4,00,000 | ||
| IV | Expenses : | |||
| Stock in Trade Purchases : | ||||
| Cash | 2,00,000 | |||
| Credit | 80,000 | 2,80,000 | ||
| Change in Inventory (Closing – Opening.) ₹ (60,000 – 50,000) | -10,000 | |||
| Other Expenses : | ||||
| Salary | 8,000 | |||
| Outstanding Salary | 2,000 | 10,000 | ||
| Total Expenses | 2,80,000 | |||
| Profit | 1,20,000 | |||
The solution of Question 27 Chapter 5 of +2-B: –
Cash Flow from Operating Activities |
||
| Particulars |
Rs |
|
| Net Profit as per Statement of Profit and Loss | 1,20,000 | |
| Add: Increase in Current Liabilities | ||
| Creditors | 80,000 | |
| Outstanding Salary | 2,000 | 82,000 |
| 2,02,000 | ||
| Less: Increase in Current Assets | ||
| Debtors | 1,00,000 | |
| Inventory | 10,000 | 1,10,000 |
| Cash Flow from Operating activities | 92,000 | |
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
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