Calculate Cash Flow from Operating Activities from the following … - Vidyadip

Question

Calculate Cash Flow from Operating Activities from the following information:

Particulars	Opening Balances (₹)	Closing Balances (₹)
Surplus, i.e., Balance in Statement of Profit and Loss	30,000	35,000
General Reserve	10,000	15,000
Provision for Depreciation on Machinery	30,000	35,000
Outstanding Expenses	5,000	3,000
Goodwill	20,000	10,000
Trade Receivables (Sundry Debtors)	40,000	35,000

Machinery costing ₹ 20,000 having book value of ₹ 14,000 was sold for ₹ 18,000 during the year.

✓

Answer

iv. Accumulated depreciation on the machinery sold is adjusted by debiting to provision for depreciation on machinery account and crediting it on machinery account.

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