Question 30 Chapter 5 of +2-B
Table of Contents
Indirect Method
30. (Cash Flow from Operating Activities) X Ltd. made a profit of 1,00,000 of considering the following items :
1. Depreciation of fixed assets 20,000.
2. Loss on Sale of furniture 1,000
3. Provision for Taxation 21,60,000
4. Transfer to general reserve 14,000
5. Profit, on Sale of machinery 6,000
Additional Information :
| Particulars | 31-03-17 | 31-03-18 |
| Trade Receivable | 24,000 | 30,000 |
| Trade Payable | 20,000 | 30,000 |
| Bills Receivable | 20,000 | 17,000 |
| Bill Payable | 16,000 | 12,000 |
| Prepaid Expenses | 400 | 600 |
The solution of Question 30 Chapter 5 of +2-B: –
Cash Flow from Operating Activities |
||
| Particulars |
Rs |
|
| Net Profit as per Statement of Profit and Loss | 1,00,000 | |
| Adjustment of Non-Cash & Non-Operating Items | ||
| Add: Depreciation | 20,000 | |
| Loss on sale of Furniture | 1,000 | |
| Transfer to General Reserve | 14,000 | |
| Provision for Taxation | 1,60,000 | 1,95,000 |
| 2,95,000 | ||
| Less: Profit on sale of machinery | 6,000 | |
| Operating Profit before the change in Working capital | 2,89,000 | |
| Add: Increase in Current Liabilities | ||
| Trade Payable | 10,000 | |
| Add: Decrease in Current Assets | ||
| Bill Receivable | 3,000 | 13,000 |
| 3,02,000 | ||
| Less: Decrease in Current Liabilities | ||
| Bill Payable | 4,000 | |
| Less: Increase in Current Assets | ||
| Trade receivable | 6,000 | |
| Prepaid Expenses | 200 | 10,200 |
| Cash generated from Operating Activities | 3,12,200 | |
| Less: Income Tax | 1,60,000 | |
| Cash Flow from Operating activities | 1,31,800 | |
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
