Question 30 Chapter 5 of +2-B – USHA Publication 12 Class

Question 30 Chapter 5 of +2-B
Q-30- CH-5 Book 2 - Usha Publisher +2 Book 2019 - Solution

Question 30 Chapter 5 of +2-B

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

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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