Question
Compute Cash Flow from Operating Activities from the following:
Additional information: during the year, apart of machinery ₹ 50,000 (accumulated depreciation thereon ₹ 40,000) was sold for ₹ 5,000.

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Alka Ltd. issued 5,000, 10% Debentures of ​₹ 1,000 each at a discount of 10% redeemable at a premium of 5% after 5 years. According to the terms of issue ​₹ 500 was payable on application and the balance amount on allotment of debentures. Record necessary entries regarding issue of 10% Debentures.
From the following information calculate Operating Profit Ratio:
Opening Stock ₹ 10,000; Purchases ₹ 20,000; Revenue from operations ₹ 4,00,000; Purchase Returns ₹ 5,000; Return from Revenue from operations ₹ 15,000; Selling Expenses ₹ 70,000; Administrative Expenses ₹ 40,000; Closing Stock ₹ 60,000.
Calculate Inventory Turnover Ratio and Average Age of Inventory from the following:

Notes to Accounts:
From the following information, calculate Total Assets to Debt Ratio:
How would you disclose the following items in the Financial Statements of a Limited Company?
  1. Outstanding Salary.
  2. Bank Balance.
  3. Unpaid Matured Deposits.
  4. Preliminary Expenses.
  5. Bills Payable.
  6. Sale of Services.
  7. Goodwill written off.
  8. Medical Exp.
Calculate Operating Profit Ratio in the following:
Cost of Goods Sold, i.e., Cost of Revenue from Operations ₹ 8,00,000; Gross Profit 20% on Sales; Operating Expenses ₹ 50,000.
Nandan, a Director of 'Nanda Agro Products Ltd.,' proposed in a board meeting that to inculcate the habit of savings among people he wanted to bring a special issue of shares. His proposal was accepted by the company.
The company issued $40,000$ equity shares of $₹ 100$ each. The share money per share was payable as:
On Application ___ $₹ 30$
On Allotment ___ $₹ 50$
On First and Final Call ___ $₹ 20$
Raman, a farmer holding $80$ shares could not pay his call money on time. Nathan, another farmer holding $50$ shares, paid the call money also with allotment.
Raman paid the amount due from him after four months explaining the reason for delay; the company did not charge any interest from him.
  1. Calculate the amount received by the company on allotment.
  2. Identify the value which the company is trying to communicate to the society.
On 1st April, 2013, ABC Ltd. issued 10,000, 10% Debentures of ₹ 100 each at a discount of 4% redeemable after 5 years at a premium of 6%.
Pass the necessary journal entries for issue of debentures and writing off Loss on issue of Debentures. Also prepare Loss on issue of Debentures Account.
Under which major heads the following items will be placed in the Balance Sheet of a company as per Schedule VI, Part I of the Companies Act, 1956?
  1. Securities Premium Reserve
  2. Balances with banks
  3. Term loans from bank
  4. Goods-in-transit
  5. Loans repayable on demand
  6. Computer software
  7. Unpaid dividends and
  8. Vehicles.
Meena Ltd. issued 30,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable ₹ 3 as on application, ₹ 5 (including premium) on allotment and the balance on first and final call. Applications were received for 52,000 shares. The directors resolved to allot as follows:
(A) Applicants of 20,000 shares
10,000 shares
(B) Applicants of 30,000 shares
20,000 shares
(C) Applicants of 2,000 shares
Nil
Balu who had applied for 4,000 shares in category A and Ganesh who was allotted 2,000 shares in category B failed to pay the allotment money. Calculate the amount received on allotment.