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Question No 11 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

Question No 11 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

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Question No 11 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

11.calculate cash from operating activities.

(I) profits made during the year 2,50,000 after considering the following item:
(a) depreciation on fixed assets 10,000
(b) amortization of goodwill 5,000
(c) Transfer to general reserve 7,000
(d) profit on sale of land 3,000
(ii) The following is the position of current assets and current liabilities:

Particulars2021 (₹)2022 (₹)
Debtors15,00012,000
Creditors10,00015,000
Bills receivable8,00010,000
Prepaid expenses4,0006,000

The solution of Question No 11 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –

Calculation of cash flow from operating activities.

 
Net profit as per P & L A/c 2,50,000
Non-cash, non-operating Expenses   
Add: transfer to general reserve  7,000
Depreciation10,000 
Amortization of goodwill5,00015,000
Less: non-cash ,non-operating income 2,72,000
Profit on sale of land  
Operating profit before working capital charges (3,000)
Add: decrease in current assets 2,69,000
Increase in current liabilities  
Increase in creditors5000 
Decrease in debtors30008,000
Less: decrease in current liabilities  
Increase in current assets  
Increase in B/R(2000) 
Increase in prepaid Exp.(2000)(4000)
Cash from operating activities 2,73,000

 

End of Solution


Check Out the Solution of all questions for this chapter:

The solution to all questions of Chapter No. 8 – Cash Flow Statement Class 12 Unimax is shown as follows, click on the image of the question to get the solution.

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Check out all books for PSEB

1. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 1 Class 12 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy Part 1 in Class 12. With their meticulously curated study material, students can access comprehensive solutions to all the questions in each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 12 examinations.

2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax

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Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 12, exploring a wide range of books to cover the syllabus thoroughly is essential. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to various writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

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