Question 33 Chapter 5 of +2-B
Table of Contents
Indirect Method
33. (Cash Flow from Operating Activities) With the help of following information of Janta Ltd. Calculate Cash from operating activities :
| STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2018 |
||
| Particulars | ₹ | ₹ |
| Revenue form Operations (Sales) | 5,00,000 | |
| Less : Expenses : | ||
| Depreciation | 17,000 | |
| Salary | 35,000 | |
| Commission | 23,000 | |
| Rent | 72,000 | |
| Other expenses | 43,000 | 1,90,000 |
| Profit before extraordinary items | 3,10,000 | |
| Less Proposed dividend for previous year | 20,000 | |
| Retained Profit | 2,90,000 | |
| Balance Sheet of AB LTD. | |||
| Particulars | Note No. | 31st March 2018 | 31st March 2017 |
| I. Equity and Liabilities | |||
| Shareholders Fund : | |||
| Share Capital | 3,50,000 | 2,00,000 | |
| Reserves and Surplus : | |||
| Reserves | 2,20,000 | 60,000 | |
| Non-Current Liabilities : | |||
| Loan | 1,80,000 | 40,000 | |
| Current Liabilities : | |||
| Creditors | 30,000 | 1,80,000 | |
| Bills Payable | 20,000 | 1,70,000 | |
| Total | 8,00,000 | 6,50,000 | |
| II. Assets | |||
| Non-Current Assets : | |||
| Tangible Assets | |||
| Plant | 5,40,000 | 4,75,000 | |
| Intangible Assets : | |||
| Patents | 50,000 | – | |
| Current Assets | |||
| Inventories | 1,20,000 | 1,05,000 | |
| Trade Receivable | 90,000 | 70,000 | |
| Total | 8,00,000 | 6,50,000 | |
| Additional Information | 31-03-18 | 31-03-17 |
| Proposed Dividend | 1,50,000 | 2,00,000 |
The solution of Question 33 Chapter 5 of +2-B: –
Cash Flow from Operating Activities |
||
| Particulars |
Rs |
|
| Net Profit as per Statement of Profit & Loss | 2,90,000 | |
| Add: Proposed Dividend | 20,000 | |
| 3,10,000 | ||
| Add: Non Operating & Non Cash items | ||
| Depreciation | 17,000 | |
| Cash from operating activities before change in working capital | 3,27,000 | |
| Less: Decrease in Current Liabilities : | ||
| Creditors | 1,50,000 | |
| Bills Payable | 1,50,000 | |
| Less: Increase in Current Assets | ||
| Inventories | 15,000 | |
| Debtors | 20,000 | 3,35,000 |
| Cash Used in Operating activities | (8,000) | |
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
