32. The profit of Philips Limited after appropriatio 1 was Rs.2,50,000. This profit was arrived at after taking into consideration the following items: S.no. Particulars Rs. 1 Depreciation on Machinery 20,000 2 Loss on sale of Furniture $! 2,000 3 Goodwill amortised 9,000 Provision for taxation - 35,000 5 Transfer to general reserve www 17,500 6 Profit on sale of Machinery 8,000 Additional Information: Particulars 31st March 2015 Rs. Trade receivables 31st March 2016 Rs. 62,000 55,000 8,000 50,000 45,000 12,000 8,000 6,000 Trade Payables ) Inventory Income received in advance Outstanding expenses Prepaid Expenses ») You are required to calculate cash from operating activities. 3,000 5,000
Answers
Answer :-
\pink{\bigstar}★ There is no gain or loss % on whole transaction!
━━━━━━━━━━━━━━━━━━━━━━━━━━
Explanation :
• Given :-
A man sold two bicycles for ₹6,000.
Gaining 20% on one and losing 20% on the other.
• To Find :-
Gain or loss % on the whole transaction.
• Solution :-
\quad\small{\bf{\dag{\underline{In\: 1^{st} \:case\::}}}}†
In1
st
case:
➪ㅤ \sf Profit = 20\% \:of \:6000Profit=20%of6000
➪ㅤ \sf Profit = \dfrac{20}{100} \:\times\:6000Profit=
100
20
×6000
➪ㅤ \sf Profit = \dfrac{20}{1\cancel{00}} \:\times\:60\cancel{00}Profit=
1
00
20
×60
00
➪ㅤ \sf Profit = 20\:\times\:60Profit=20×60
ㅤ\bigstar\:\underline{\underline{\bf{\red{ Profit = Rs.\:1,200}}}}★
Profit=Rs.1,200
\quad\small{\bf{\dag{\underline{In\: 2^{nd} \:case\::}}}}†
In2
nd
case:
➪ ㅤ\sf Loss = 20\% \:of \:6000Loss=20%of6000
➪ ㅤ\sf Loss = \dfrac{20}{100} \:\times\:6000Loss=
100
20
×6000
➪ㅤ \sf Loss = \dfrac{20}{1\cancel{00}} \:\times\:60\cancel{00}Loss=
1
00
20
×60
00
➪ㅤ \sf Loss = 20\:\times\:60Loss=20×60
ㅤ\bigstar\:\underline{\underline{\bf{\red{ Loss = Rs.\:1,200}}}}★
Loss=Rs.1,200
Since, in both cases value of profit and loss are same. Hence, there is no gain or loss % on whole transaction.
• More to know :-
\bigstar\:{\underline{\sf{Profit\:and\:loss\:formulas\::-}}}★
Profitandlossformulas:−
\pink{\bigstar}★ \sf S.P\:\leadsto\:\boxed{\bf{\blue{\bigg\lgroup \dfrac{100 + Profit\%}{100}\bigg\rgroup\:\times\:100}}}S.P⇝
⎩
⎪
⎪
⎪
⎧
100
100+Profit%
⎭
⎪
⎪
⎪
⎫
×100
━━━━━━━━━━━━━━━━━━━━━━━━━━
Explanation:
Calculation of Cash Flow from Operating Activities:
Calculation of Cash Flow from Operating Activities:for the year ended 31st March, 2017-
Amount
Net Profit before Tax
(2,50,000 + 35,000 + 17,500) 3,02,500
Net Profit before Working Capital 23,000+3,02,500
Changes =3,25,500
Net Cash Flow from 2,76,500
Operating Activities
#SPJ2
