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Question No 31 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
31.from the following information calculate net cash flow from operating activities and investing activities:
| Particulars | 31-3-2021 | 31-3-2022 |
| Profit and loss A/c | 1,00,000 | 4,00,000 |
| Provision for tax | 30,000 | 30,000 |
| Trade payables | 40,000 | 1,50,000 |
| Current assets (inventories & trade receivables | 4,60,000 | 5,20,000 |
| Fixed assets | 8,50,000 | 9,32,000 |
| Accumulated depreciation | 4,25,000 | 4,40,000 |
Additional information: depreciation amounting to 1,45,000 was provided during the current year and a machine costing 2,10,000 was sold at a profit of 16,000. Tax paid during the year was 30,000.
The solution of Question No 31 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –
Calculation of net cash flow from operating &
Investing activities
| Particulars | ₹ | |
| I. Cash flow from operating activities | ||
| A.net profit before tax | 3,30,000 | |
| B. add: depreciation | 1,45,000 | |
| Less: profit on sale of machinery | (16,000) | |
| C. operating profit before working capital changes | 4,59,000 | |
| D. charges in current assets & current liabilities: | ||
| Increase in current assets | (60,000) | |
| Increase in current liability | 1,10,000 | 50,000 |
| E. net cashflow from operating activities before tax | 5,09,000 | |
| F. less tax paid | (30,000) | |
| Net cash inflow from operating activities before tax | 4,79,000 | |
| I . cashflow from investing activities | ||
| Sale of machinery | 96,000 | |
| Purchase of fixed assets | (2,92,000) | |
| Net cash used in investing activities | (1,96,000) |
Working notes:
| Calculation of net profit before taX | |
| Closing balance of P & L A/c | 4,00,000 |
| Less: operating balance of P & L A/c | (1,00,000) |
| Add: tax | 30,000 |
| Net profit before tax | 3,03,000 |
Working notes: (2)
Provision for depreciation account
| Particulars | ₹ | Particulars | ₹ |
| To assets disposal A/c (B. fig) | 1,30,000 | By balance b/d | 4,25,000 |
| To balance c/d | 4,40,000 | By P & L A/c (dep.) | 1,45,000 |
| 5,70,000 | 5,70,000 |
Working note: (3)
Fixed assets account
| Particulars | ₹ | Particulars | ₹ |
| To balance b/d | 8,50,000 | By assets disposal A/c | 2,10,000 |
| To bank A/c (purchase) | 2,92,000 | By balance c/d | 9,32,000 |
| 11,42,000 | 11,42,000 |
Working note: (4)
Asset’s Disposal Account
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| Particulars | ₹ | Particulars | ₹ |
| To fixed assets A/c | 2,10,000 | By provision for depreciation A/c | 1,30,000 |
| To P & L A/c (profit) | 16,000 | By bank A/c (B. fig) (80,000 +16,000) | 96,000 |
| 2,26,000 | 2,26,000 |
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.
Question No 10 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 22 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 34 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 46 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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Question No 59 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
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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.
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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.
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Punjab School Education Board (PSEB) Solutions of Usha Publication.
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