Question 28 Chapter 5 of +2-B - USHA Publication 12 Class

Question 28 Chapter 5 of +2-B

Indirect Method

28. (Cash Flow from Operating Activities) Calculate cash from operating activities from the following details.

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31st MARCH, 2018
	Particulars	Note No.	Fig. for the Current reporting period
I	Revenue from Operations (Net)		1,00,000
II	Other Incomes
	Profit on Sale of machinery		10,000
	Income Tax refund		5,000
III	Total Revenue (I + II)		1,15,000
IV	Expenses :
	Depreciation and amortisation expenses: –
	Depreciation		15,000
	Goodwill wrote off		5,000
	Other Expenses		–
	Total Expenses		20,000
V	Profit before exceptional and extraordinary items and tax		95,000
VI	Exceptional Items
	Loss on Sale of Land		10,000
VII	Profit before Tax		85,000
VIII	Tax Expenses – Current (Provision)		15,000
	Profit for the Period from Continuing Operations		70,000

The solution of Question 28 Chapter 5 of +2-B: –

Solution of Questions 26 27 28 29 & 30 Cash Flow Statement Chapter 15 Accounts class 12 PSEB Day 211

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Cash Flow from Operating Activities
Particulars		Rs
Net Profit as per Statement of Profit and Loss		70,000
Add: Provision for Taxation		15,000
		85,000
Less: Income tax Refund		5,000
Net Profit before Taxation and extraordinary items		80,000
Adjustment for Non-Cash and Non-Operating items:-
Add: Items to be added
Goodwill	5,000
Depreciation	15,000
Loss on sale of Land	10,000	30,000
		1,10,000
Less: Items to be Deducted
Profit on sale of machinery		10,000
Operating Profit before tax		1,00,000
Less: Income Tax		10,000
Cash Flow from Operating activities		90,000

End of Solution

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Question 63 Chapter 5 of +2-B – USHA Publication 12 Class

Question 64 Chapter 5 of +2-B – USHA Publication 12 Class

Question 65 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

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