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CUET Accountancy 2026 PYQs13 May Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 13 May Shift 2

Cash Flow

past year questions, Financial Statements, CUET Accountancy 2026 13 May Shift 2

Hard

Financial Statements

The balance sheet shows Provision for Taxation of Rs. 80,000 and Rs. 95,000 for the year 2023-24 and 2024-25 respectively. Tax paid during the year 2024-25 is Rs. 60,000. What will be the amount of tax to be added while calculating net profit before tax and extra ordinary items in preparing cash flow statement?

Solution

✅ Correct Option: 2

Prepare the Provision for Taxation Account. Opening balance 80,00080{,}000 plus provision made during the year equals tax paid 60,00060{,}000 plus closing balance 95,00095{,}000.

Provision made =60,000+95,000−80,000=75,000= 60{,}000 + 95{,}000 - 80{,}000 = 75{,}000.

This provision made during the year is added back to arrive at net profit before tax and extraordinary items.

Related questions:

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If a machinery is purchased, how will it be treated while preparing the cash flow statement as per AS-3 (Revised)?

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Operating profit before working capital charges amounted to Rs.85,000. The following further information is given

31.3.2020 (Rs.)31.3.2019 (Rs.)
Cash36,00030,000
Trade receivable18,00012,000
Provision for tax9,0008,000
Trade payables20,00016,000
Bank over draft18,000-

The Net cash flow from operating activities after tax is.

2022: 20 July Shift 1

If from the above informations, cash flow from operating activity is ascertained, then it is ascertained according to Accounting standard :

2022: 15 July Shift 2

Dividend received by Hero Ltd. would be _______ activity

2022: 20 July Shift 1

Calculate the amount of cash generated from operations from the following information :

Particulars(Rs.)
Profit before change in working capital2,00,000
Depreciation on plant and Machinery20,000
Gain on sale of Building10,000
Increase in trade Paybles4,500
Increase in trade Receivables3,500
Interest paid2,225
Decrease in Inventories3,750
Redemption of 10% Debentures80,000

2022: 20 July Shift 1

Arrange the following into correct sequence while computing cash flow from operating activies.

(a) Compute Net Profit before tax after making necessary adjustments.

(b) Compute operating profit before working capital changes by making adjustment for non-cash and non-operating activities.

(c) Calculate the difference between opening and closing balance in statment of profit and loss.

(d) Compute operating profit by making adjustment for working capital changes.

(e) Calculate cash generated/cash used from operating activities by deducting tax paid from operating profit.

Choose the correct answer from the options given below :

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