Question 33 Chapter 5 of +2-B – USHA Publication 12 Class

Question 33 Chapter 5 of +2-B

Question 33 Chapter 5 of +2-B

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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 33 Chapter 5 of +2-B  - USHA Publication 12 Class
T.S. Grewal’s Analysis of Financial Statement

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