Vinod Ltd. reported a pront of Rs.90,000 for the year ended 31 March, 2020
considering the following:
Tas Provided during the year
Amordzation of Patents
----- Rs.3.000
Profit on Sale of Land
-...Rs.12,000
Rs.5.000
Loss by Fire during the year
- Rs.2,000
The Edtract of Balance Sheet is given below:
Particulars
2020
2019
Accounts Receivable
20.000 16,000
Inventories
12,000 15,000
Bank Balance
8,000
10.000
9.000
11.000
Accounts Payable
6,000
5,000
Expenses payable
Provision for Tax
4,000
6,000
Marketable Securities
5.000 2.000
Proposed Dividend for year 2019 was Rs.10,000 and for 2020 was Rs. 12,000.
You are required to calculate Cash Flow from Operating Activities
Answers
Answer:
it is your answer.......................
Explanation:
hope it helps you........................
Answer:
Explanation:
Calculation of cash from operating activities
Net profit after tax 90000
Add : Provision of tax 3000
Proposed dividend 1 2000
Net profit before tax 105000
Add : Amortization of goodwill 12000
Preliminary exp
Loss on sale of machinery 17000
Depreciation 14000
Less: Profit on sale of land 5000
Operating profit 145000
Add: decrease in current assets 3000
Stock 1000
Less : Expense payable 4000
Account payable 2000
Cash from operating activities before tax 143000
less : Tax paid 5000
Net cash from operating activities 138000