Advertisement

Question 29 Chapter 5 of +2-B – USHA Publication 12 Class

Question 29 Chapter 5 of +2-B
Q-29- CH-5 Book 2 - Usha Publisher +2 Book 2019 - Solution

Advertisement

Question 29 Chapter 5 of +2-B

Advertisement

Indirect Method

29. (Cash Flow from Operating Activities) From the following information, calculate ca from operating activities :

 
Profit and Loss on 1st April 2017 (Credit)50,000
 Profit and Loss on 31st March 2018 (Credit)1,60,000
 Prepaid expenses on 1st April 20174,000
 Outstanding expenses on 1st April 201710,000
 Outstanding expenses on 31st March 201813,000
 Depreciation on fixed assets25,000
 Amortisation of goodwill16,000
 Decrease in Bills Payable9,400
 Decrease in Debtors 45,600
Loss on sale of machine 40,000
Provision for taxation 30,000
Transfer to General Reserve 60,000

 

The solution of Question 29 Chapter 5 of +2-B: – 


Cash Flow from Operating Activities
Particulars
Rs
Net Profit as per Statement of Profit and Loss 1,10,000
Add: Provision for Taxation 30,000
Net Profit as per Statement of Profit and Loss before Tax 1,40,000
Add: Non-Cash & Non-Operating Incomes  
Depreciation25,000 
Goodwill wrote off16,000 
Loss on sale of Machine40,000 
Transfer to General Reserve60,0001,41,000
Operating Profit before the change in Working capital 2,81,000
Add: Decrease in Current Assets  
Debtors45,600 
Prepaid Expenses4,000 
Add: Increase in Current Liabilities  
Outstanding Expenses3,00052,600
  3,33,600
Less: Decrease in Current Liabilities  
Bill Payable 9,400
Cash generated from Operating Activities 3,24,200
Less: Income Tax 30,000
Cash Flow from Operating activities 2,94,200

Advertisement-X


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

Advertisement

Advertisement

error: Content is protected !!