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Question 29 Chapter 5 of +2-B
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Table of Contents
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 2017 | 4,000 |
Outstanding expenses on 1st April 2017 | 10,000 |
Outstanding expenses on 31st March 2018 | 13,000 |
Depreciation on fixed assets | 25,000 |
Amortisation of goodwill | 16,000 |
Decrease in Bills Payable | 9,400 |
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 | ||
Depreciation | 25,000 | |
Goodwill wrote off | 16,000 | |
Loss on sale of Machine | 40,000 | |
Transfer to General Reserve | 60,000 | 1,41,000 |
Operating Profit before the change in Working capital | 2,81,000 | |
Add: Decrease in Current Assets | ||
Debtors | 45,600 | |
Prepaid Expenses | 4,000 | |
Add: Increase in Current Liabilities | ||
Outstanding Expenses | 3,000 | 52,600 |
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 |
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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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