Advertisement
VDO+ Tag:Question 23 Chapter 15 of Class 12 Part – 2 – 2024
Indirect Method
Advertisement
Video Tag:23. (Cash Flow from Operating Activities/Acc. Dep. on Plant Sold) Calculate cash fib from operating activities from the following :
| Opening ₹ | Closing ₹ | |
| Surplus i.e. balance in Statement of Profit and Loss | 30,000 | 35,000 |
| General Reserve | 10,000 | 15,000 |
| Provision for depreciation on Plant | 30,000 | 35,000 |
| Outstanding expenses | 5,000 | 3,000 |
| Goodwill | 20,000 | 10,000 |
| Trade Receivable | 40,000 | 35,000 |
An item of a plant costing ₹ 20,000 having book value ₹ 14,000 was sold for 18,000 during the year.
The solution of Question 23 Chapter 15 of Class 12 Part – 2 – 2024: –
Cash Flow from Operating Activities |
||
| Particulars |
Rs |
|
| Net Profit as per Statement of Profit and Loss | 5,000 | |
| Add: Transfer to General Reserve | 5,000 | |
| Net Profit before Income Tax | 10,000 | |
| Add Non-Cash Items : | ||
| Depreciation on Plant* | 11,000 | |
| Goodwill write off | 10,000 | 21,000 |
| 31,000 | ||
| Less: Non-Operating income | ||
| Profit on sale of Plant | (4,000) | |
| Operating Profit before the change in Working Capital | 27,000 | |
| Add: Decrease in Current Assets & Increase in Current Liabilities | ||
| Trade Receivable | 5,000 | |
| 32,000 | ||
| Less: Decrease in Current Liabilities & Increase in Current Assets | ||
| Outstanding Expenses | (2,000) | |
| Cash Flow from Operating activities | 30,000 | |
Working Note:
| Particulars |
Amount ₹ |
Particular | Amount ₹ |
| To Plant A/c (20,000 – 14,000) | 6,000 | By Bal b/d | 30,000 |
| By Profit & Loss A/c – Depreciation (Bal. fig.) | 11,000 | ||
| To Bal c/d | 35,000 | ||
| 41,000 | 41,000 |
Thanks, Please Like and share with your friends
Comment if you have any questions.
End of Solution
Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 15 – Cash Flow Statement Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.
Thanks again.
Download a PDF of Chapter No. 15 – Cash Flow Statement:
If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.
End of Post
Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication