Solution of Q 16 Cash Flow Statements TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 16, Chapter 5 Cash Flow Statements, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 16
X Ltd. earned profit of ₹1,00,000 after charging depreciation of ₹20,000 on assets and a transfer of General Reserve of ₹30,000. The goodwill amortised was ₹7,000 and the gain on sale of machinery was ₹3,000.
The other information available (changes in the value of Current Assets and Current Liabilities) is as follows:
At the end of the year debtors showed an increase of ₹6,000; creditors an increase of ₹10,000; prepaid expenses an increase of ₹200; Bills Receivable a decrease of ₹3,000; Bills Payable a decrease of ₹4,000 and outstanding expenses a decrease of ₹2,000.
Ascertain the Cash Flow from the Operating Activities.
Solution
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About this solution
This is Chapter 5 Cash Flow Statements of TS Grewal Edition 2022-23.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
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