Question
Use Direct method to calculate the net cash from
operations of the company given the following transactions? Sales in the year: â‚ą6,50,000 Cash received from customers for current year sales: â‚ą4,50,000 Cash received from customers for last year sales: â‚ą1,00,000 Cash paid to suppliers: â‚ą3,00,000 Cash paid for wages: â‚ą1,00,000 Cash paid for overheads: â‚ą50,000ÂSolution
The direct method for a cash flow statement details cash inflows and outflows from operating activities by listing actual cash receipts and payments, such as cash from customers and payments to suppliers. It considers actual cash, irrespective of the year it relates to. Net Cash = Total cash received from customers – Cash paid to suppliers, wages and overheads = â‚ą4,50,000 + â‚ą1,00,000 – (â‚ą3,00,000 + â‚ą1,00,000 + â‚ą50,000) = â‚ą1,00,000Â
Which of the following property is not liable to attachment and sale in an execution of a decree?
Which of the following is not a canon of taxation as stated by Adam Smith?
Preferential shares with reference to any company limited by shares, means that part of the issued share capital of the company which carries or would c...
As per Section 24 of the Limitation Act, 1963 all instruments shall for the purpose of the Limitation Act be deemed to made with reference to be_________.
A Certifying Authority’s licence is suspended. During the period of suspension, it continues issuing electronic signature certificates. Which of the f...
Section 29A of I.P.C. is related to:
To remove the president from the post, impeachment can be brought on the ground of:
A website operator published an article containing sexually explicit content involving a minor. The article was accessed by over 50,000 users. Under the...
“Articles of Association” is defined under which section?Â
Case Scenario:
The Central Government wishes to strengthen the DSPE’s presence in a sensitive State. It seeks to (i) appoint a number of office...
