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Charles Ltd. earned a profit of ₹ 1,00,000 after charging depreciation of 20,000 on assets and a transfer to General Reserve of ₹ 30,000. - Accountancy

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प्रश्न

Charles Ltd. earned a profit of ₹ 1,00,000 after charging depreciation of 20,000 on assets and a transfer to General Reserve of ₹ 30,000. Goodwill amortised was ₹ 7,000, and gain on sale of machinery was ₹ 3,000. Other information available is (changes in the value of Current Assets and Current Liabilities): trade receivables showed an increase of ₹ 3,000; trade payables an increase of ₹ 6,000; Prepaid expenses an increase of ₹ 200; and outstanding expenses a decrease of ₹ 2,000.
Ascertain Cash Flow from Operating Activities.

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उत्तर

Cash Flow Statement
Particulars Amount (₹) Amount (₹)
Net Profit before Taxation   1,30,000
Adjustment for Non-Cash and Non-operating Items:     
Add: Depreciation 20,000  
Add: Goodwill amortised 7,000  
Less: Gain on sale of machinery 3,000 24,000
Operating profit before working capital   1,54,000
Adjustment for working capital charges:    
Less: Increase in Trade receivables 3,000  
Add: Increase in Trade payables 6,000  
Less: Increase in Prepaid expenses 200  
Less: Decrease in Outstanding expenses. 2000 800
Net Cash from Operating Activities   1,54,800

Working Note:

Calculation of Net Profit before Taxation and Extraordinary Items:

Net Profit = Profit + Transfer to General reserve

= ₹ 1,00,000 + ₹ 30,000

= ₹ 1,30,000

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अध्याय 4: Cash Flow Statement - Exercises [पृष्ठ ९५]

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टीएस ग्रेवाल Accountancy - Analysis of Financial Statements [English] Class 12
अध्याय 4 Cash Flow Statement
Exercises | Q 18 | पृष्ठ ९५
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