Question 8 Chapter 8 -Unimax Publication Class 12 Part 2

Question 8 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021

Table of Contents

The solution of Question 8 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

8.The following is the statement of profit and loss of ruby limited for the year ended march 31,2022:

Particulars	Note no.	Amount
I. Revenue from operating (sales)		10,00,000
ii. Expenses
Purchases		5,00,000
Changes in inventories (opening inventory – closing inventory
(2,50,000-2,00,000)		50,000
Other expenses		3,00,000
Total expenses		8,50,000
iii. Profit before tax (i-ii)		1,50,000

Additional information:
(i)trade receivables decreased by 30,000 during the year.
(ii)prepaid expenses increase by 5,000 during the year.
(iii)trade payables decreased by 15,000 during the year.
(iV)outstanding expenses increased by 3,000 during the year.
(v)operating expenses include depreciation of 25,000.
Computer net cash provided by operating for the year ended march 31,2022 by the indirect method.

The solution of Question 8 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –

CASH FLOWS FROM OPERATING ACTIVITIES
FOR THE YEASR ENDED 31st MARCH ,2022

Particulars	₹	₹
Net Profit before Tax		1,50,000
Adjustment for non-cash and non -operating items:
Add: deprecation		25,000
Operating profit before working capital changes		175,000
Add: decrease in current assets :
Inventory	50,000
Trade receivable	30,000
Increase in current liabilities:
Outstanding expenses	3,000	83,000
		2,58,000

Less: increase in current assets:
Prepaid expenses	5,000
Decrease in current liabilities:
Trade payables	15,000	20,000
Net cash from operating activities		2,38,000