From the following information, calculate cash flow from operating activities: Summary of Cash Account for the year ended March 31, 2023 Particulars…
CA Intermediate · Advanced Accounting · MTP · May 2024
From the following information, calculate cash flow from operating activities: Summary of Cash Account for the year ended March 31, 2023 Particulars ₹ Particulars ₹ To Balance b/d 1,00,000 By Cash Purchases 1,20,000 To Cash sales 1,40,000 By Trade payables 1,57,000 To Trade receivables 1,75,000 By Office & Selling Expenses 75,000 To Trade Commission 50,000 By Income Tax 30,000 To Sale of Investment 30,000 By Investment 25,000 To Loan from Bank 1,00,000 By Repayment of Loan 75,000 To Interest & Dividend 1,000 By Interest on loan 10,000 By Balance c/d 1,04,000 5,96,000 5,96,000
Suggested Answer and Working Notes:
Cash Flow Statement of …… for the year ended March 31, 2023(Direct Method) Particulars Particulars ₹ Operating Activities: Cash received from sale of goods 1,40,000 Cash received from Trade receivables 1,75,000 Trade Commission received 50,000 3,65,000 Less: Payment for Cash Purchases 1,20,000 Payment to Trade payables 1,57,000 Office and Selling Expenses 75,000 Payment for Income Tax 30,000 (3,82,000) Net Cash Flow used in Operating Activities (17,000)
Topics: AS 3
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