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Question 34 Chapter 5 of +2-B
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Table of Contents
Indirect Method
34. (Cash Flow from Operating Activities) Calculate cash flow from operating activities from the following :
(i) Profit made during the year 2,50,000 after considering the following items :
| ₹ | |
| (a) Depreciation | 10,000 |
| (b) Amortisation of Goodwill | 5,000 |
| (c) Transfer to General Reserve | 7,000 |
| (d) Profit on sale of land | 3,000 |
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| Closing Balance | Opening Balance | |
| Trade Receivable | 23,000 | 23,000 |
| Trade Payable | 10,000 | 15,000 |
| Inventories | 8,000 | 10,000 |
| Prepaid expenses | 4,000 | 6,000 |
| 12% Debentures | 1,00,000 | 1,00,000 |
The solution of Question 34 Chapter 5 of +2-B: –
Cash Flow from Operating Activities |
||
| Particulars |
Rs |
|
| Net Profit as per Statement of Profit & Loss | 2,50,000 | |
| Adjustment of Non-Operating & Non Cash items | ||
| Add: Depreciation | 10,000 | |
| Goodwill wrote off | 5,000 | |
| General Reserve | 7,000 | |
| Less: Profit on sale of land | 3,000 | |
| Add: Interest on Debentures | 12,000 | 22,000 |
| Cash from operating activities before change in working capital | 2,81,000 | |
| Add: Decrease in Current Assets : | ||
| Inventories | 2,000 | |
| Prepaid Expenses | 2,000 | |
| Less: Decrease in Current Liabilities | ||
| Trade Payables | 5,000 | (1,000) |
| Cash Flew from Operating activities | 1,80,000 | |
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
