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From Income Statement for the Year Ended December 31,2023(in Rs.). Determine Cash from operating activity. Revenue Sales Rs. 10,00,000 Expenses Cost of Goods Sold Rs. 200,000 Other Revenues Rs. 50,000 Operating Expenses Rs. 100,000 Interest Expense Rs. 10,000 Tax Expense Net Income Rs. 20,000 Rs. 220,000 Additional Information: I Depreciation Expense: Rs. 50,000 II Changes in Working Capital: MANIPAL UNIVERSITY JAIPUR University under Section 2 of the UGC Art • Centre for Distance and Online Education Increase in Accounts Receivable: Rs. 20,000 • Decrease in Inventory: (Rs. 10,000) • Increase in Accounts Payable: Rs. 16,000 • Increase in Accrued Expenses: Rs. 13,000

From Income Statement for the Year Ended December 31,2023(in Rs.). Determine Cash from operating activity. Revenue Sales Rs. 10,00,000 Expenses Cost of Goods Sold Rs. 200,000 Other Revenues Rs. 50,000 Operating Expenses Rs. 100,000 Interest Expense Rs. 10,000 Tax Expense Net Income Rs. 20,000 Rs. 220,000 Additional Information: I Depreciation Expense: Rs. 50,000 II Changes in Working Capital: MANIPAL UNIVERSITY JAIPUR University under Section 2 of the UGC Art • Centre for Distance and Online Education Increase in Accounts Receivable: Rs. 20,000 • Decrease in Inventory: (Rs. 10,000) • Increase in Accounts Payable: Rs. 16,000 • Increase in Accrued Expenses: Rs. 13,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From Income Statement for the Year Ended December 31,2023(in Rs.). Determine Cash from operating activity. Revenue Sales Rs. 10,00,000 Expenses Cost of Goods Sold Rs. 200,000 Other Revenues Rs. 50,000 Operating Expenses Rs. 100,000 Interest Expense Rs. 10,000 Tax Expense Net Income Rs. 20,000 Rs. 220,000 Additional Information: I Depreciation Expense: Rs. 50,000 II Changes in Working Capital: MANIPAL UNIVERSITY JAIPUR University under Section 2 of the UGC Art • Centre for Distance and Online Education Increase in Accounts Receivable: Rs. 20,000 • Decrease in Inventory: (Rs. 10,000) • Increase in Accounts Payable: Rs. 16,000 • Increase in Accrued Expenses: Rs. 13,000
Transcribed Image Text:From Income Statement for the Year Ended December 31,2023(in Rs.). Determine Cash from operating activity. Revenue Sales Rs. 10,00,000 Expenses Cost of Goods Sold Rs. 200,000 Other Revenues Rs. 50,000 Operating Expenses Rs. 100,000 Interest Expense Rs. 10,000 Tax Expense Net Income Rs. 20,000 Rs. 220,000 Additional Information: I Depreciation Expense: Rs. 50,000 II Changes in Working Capital: MANIPAL UNIVERSITY JAIPUR University under Section 2 of the UGC Art • Centre for Distance and Online Education Increase in Accounts Receivable: Rs. 20,000 • Decrease in Inventory: (Rs. 10,000) • Increase in Accounts Payable: Rs. 16,000 • Increase in Accrued Expenses: Rs. 13,000
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