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Question No 16 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

Question No 16 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

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Question No 16 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

16. the following is the profit and loss A/c.

Profit and loss account
for the year ended march,31st 2022

Particulars (₹)(₹)
Sales 10,00,000
Cost of goods sold:  
Opening Stock2,50,000 
Purchase5,00,000 
 7,50,000 
Less: closing stock2,00,0005,50,000
Gross profit 4,50,000
Operating expenses 3,00,000
Net profit 1,50,000

Additional information:
1.trade debtors decrease by 30,000 during the year.
2.prepaid expenses increase by 5,000 during the year.
3.trade creditors decreased by 15,000 during the year.
4. outstanding expenses include by 3,000 during the year.
5. operating expenses include depreciation of 25,000.
You are required to computer net cash flow from operating activities.

The solution of Question No 16 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –

Calculation of cash flow from operating activities.

 
Net profit as per P & L A/c 1,50,000
Add: non-cash expenses  
Depreciation 25,000
Operating profits before working capital changes 1,75,000
Add: increase in current liabilities  
Outstanding expenses3,000 
Decrease in current assets  
Stock (2,50,000-2,00,000)5,0000 
Debtors30,00083,000
  2,58,000
Less: decrease in current liabilities  
Creditors(15,000) 
Increase in current assets  
Prepaid expenses(5,000)(20,000)
cash flow from operating activities 2,38,000

 

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

UnimaxSolutions.in presents an exceptional resource for students studying Advanced Accountancy Part 2 in Class 12. With their comprehensive study material, students can conveniently access extensive solutions to all the questions in each chapter. By simply selecting the desired chapter from the study material, students can effortlessly navigate through the topics and gain access to detailed explanations and step-by-step solutions to every problem presented in that particular section. Whether it involves understanding intricate accounting principles, honing calculation techniques, or analyzing complex financial statements, Unimax provides a valuable tool to support students in their learning journey. Equipped with these comprehensive solutions, students can enhance their comprehension, resolve any uncertainties, and strengthen their problem-solving abilities in Advanced Accountancy, empowering them to excel in their Class 12 examinations with confidence.

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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