Extraordinary items accounting questions

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Transactions belong to Investing activities are :.

Cash received against Revenue from services rendered.

Transactions belong to operating activities are :.

That could be from sales, investments or financing. Cash inflow is the money coming into a business.

Cash inflow, because cash comes in as interest on debentures.

Many types of companies own equities or bonds as part of their assets, trading securities are a special class of asset used by a company, mainly financial institutions, to create profits by buying and selling, rather than holding the security for any length of time and is classified under operating activity. This statement refers to finance companies.

Cash equivalents are held by an enterprise for meeting its short-term cash commitments instead of the purpose of investment or such other purposes.

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business.

Cash flow from investing activities is an item on the cash flow statement that reports the aggregate change in a companyвЂ™s cash position resulting from investment gains or losses and changes resulting from amounts spent on investments in capital assets, such as plant and equipment.

Operating activities involve the cash effects of transactions that enter into the determination of net income, such as cash receipts from sales of goods and services and cash payments to suppliers and employees for acquisitions of inventory and expenses.

9,00,000, Explanation:В Cash flow from operating activities is Rs.9,00,000 after all adjustments (salary).Д®xplanation:В вЂStatement of Changes in Financial Position on Cash basisвЂ™ and вЂStatement accounting for variation in cashвЂ™Д®xplanation:В Dividend received by a finance company is considered as an operating activity as the company operates in financial items.

As Dividend Received on investment in other companies.

Investing Activities, Explanation:В Dividend received is added to investing activities while calculating Cash flow from investing activities in Cash Flow statement.

AS вЂ“ 3(revised), Explanation:В The various activities in Cash Flow Statement as operating, investing and financing classified as per Accounting Standard вЂ“ 3 (AS- 3 Revised).

During the year a piece of machinery costing Rs.80,000 on which accumulated depreciation was Rs.

(Surplus i.e., Balance in the Statement of Profit and Loss)

What is the difference between operating activity and investing activity?ДЇollowing is the balance sheet of Rs Ltd as at 31st March, 2016.

Dividend Received is considered as operating activity when_.

Statement accounting for variation in cash.

Statement of Changes in Financial Position on Cash basis.

вЂStatement of Changes in Financial Position on Cash basisвЂ™ and вЂStatement accounting for variation in cashвЂ™.

Find out cash flows from operating activities. 60,000 to its employees it required funds for expansion and therefore, issued shares of Rs. In the current year, it purchased machinery for Rs.30,00,000 it paid salaries of Rs.

вЂVinod Ltd.вЂ™ is carrying on a paper manufacturing business.

The various activities operating, investing and financing classified as per _related to cash flow statement.

Extraordinary items accounting questions pdf#

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