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Calculate cash flows from operating activities from the following information. Working Notes: 1.Other Income = Profit on Sale of Machinery (Rs 2,000 ) + Income Tax Refund (Rs 3,000) = Rs 5,00 2.Depreciation and Amortisation Expenses= Depreciation (Rs 5,000) + Goodwill Amortised (Rs 2,000)Other Expenses=Rent (Rs 10,000) + Loss on Sale of Equipment (Rs 3,000) + Provision for Taxation (Rs 8,000)ltbrge = Rs 21,000 Additional Information: |
Answer» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/NCERT_ACC_XI_P2_C06_S01_003_S01.png" width="80%"/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/NCERT_ACC_XI_P2_C06_S01_003_S02.png" width="80%"/> <br/> Working Notes:<br/> <a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a>. Net profit before taxation & extraordinary <a href="https://interviewquestions.tuteehub.com/tag/item-1052941" style="font-weight:bold;" target="_blank" title="Click to know more about ITEM">ITEM</a> = <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a> 2,000 + Rs 8,000 – Rs 3,000= Rs 7,000<br/> 2. Income tax paid during the year has been ascertained by <a href="https://interviewquestions.tuteehub.com/tag/preparing-2949211" style="font-weight:bold;" target="_blank" title="Click to know more about PREPARING">PREPARING</a> provision for taxation <a href="https://interviewquestions.tuteehub.com/tag/account-25640" style="font-weight:bold;" target="_blank" title="Click to know more about ACCOUNT">ACCOUNT</a> as follows:<br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/NCERT_ACC_XI_P2_C06_S01_003_S03.png" width="80%"/></body></html> | |