1.

The Statement of Profit and Loass of an enterprise for the year ended 31st March, 2018, stood as follows: ParticularsNoteAmountNo.I. Revenue from Operations1,38,0000II. Other Income11,60,000––––––––––III. Total Revenue1,5,40000–––––––––––IV. Expenses Purchases9,30,000 Changes in Inventories (Opening Inventory - Closing Inventory) (1,00,000 - 1,30,000)(30,000) Emplyee Benefit Expenses1,15,000 Depreciation and Amortization Expenses287,000 Other Expenses33,50,000–––––––––– Total Expenses1,45,2000V. Profit Before Tax (III - IV)88,000 Notes: (1) Other Income:Divident Received 40,000Profit on Sale of BuildingBook Value (5,00,000)Sold for 6,20,000––––––––––1,20,000––––––––––1,60,000–––––––––– (2) Depreciation and Amortization Expenses:Depreciation55,000Goodwill written off20,000––––––––75,000–––––––– (3) Other Expenses:Office Expenses31,0000Selling and Distribution Expenses40,000Share Issue Expenses Written off12,000––––––––3,62,000–––––––––– Additional Information: Rs. 1. Manufacturing Wages Outstanding 50,000 2. Salaries Outstanding 40,000 3. Salaries Prepaid 5,000 Calculate the amount of cash generated from operating activites.

Answer»

The Statement of Profit and Loass of an enterprise for the year ended 31st March, 2018, stood as follows:

ParticularsNoteAmountNo.I. Revenue from Operations1,38,0000II. Other Income11,60,000––––––––III. Total Revenue1,5,40000–––––––––IV. Expenses Purchases9,30,000 Changes in Inventories (Opening Inventory - Closing Inventory) (1,00,000 - 1,30,000)(30,000) Emplyee Benefit Expenses1,15,000 Depreciation and Amortization Expenses287,000 Other Expenses33,50,000–––––––– Total Expenses1,45,2000V. Profit Before Tax (III - IV)88,000
Notes:
(1)
Other Income:Divident Received 40,000Profit on Sale of BuildingBook Value (5,00,000)Sold for 6,20,000––––––––1,20,000––––––––1,60,000––––––––
(2) Depreciation and Amortization Expenses:Depreciation55,000Goodwill written off20,000––––––75,000––––––
(3) Other Expenses:Office Expenses31,0000Selling and Distribution Expenses40,000Share Issue Expenses Written off12,000––––––3,62,000––––––––

Additional Information: Rs.
1. Manufacturing Wages Outstanding 50,000
2. Salaries Outstanding 40,000
3. Salaries Prepaid 5,000

Calculate the amount of cash generated from operating activites.



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