Question 27 Chapter 5 of +2-B – USHA Publication 12 Class

Question 27 Chapter 5 of +2-B
Q-27- CH-5 Book 2 - Usha Publisher +2 Book 2019 - Solution

Question 27 Chapter 5 of +2-B

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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statement

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