Arrange the following steps in the correct sequence while calculating the cash flow from operating activities:

(A) Add in profit deductions already made in the Statement of Profit and Loss on account of non-cash items

(B) Calculate Operating Profit before Working Capital changes

(C) Deduct additions (incomes) made in the Statement of Profit and Loss on Account of Non-operating items

(D) Calculate Net Profit/Loss before Tax and Extraordinary Items

Choose the correct answer from the options given below:

(D), (A), (C), (B)

The correct answer is option 4- (D), (A), (C), (B). 

(D) Calculate Net Profit/Loss before Tax and Extraordinary Items- Start by calculating the net profit before taxes and any extraordinary items.

(A) Add in profit deductions already made in the Statement of Profit and Loss on account of non-cash items- Adjust for non-cash like depreciation that were included in the profit calculation.

(C) Deduct additions (incomes) made in the Statement of Profit and Loss on Account of Non-operating items- Adjust for non-operating items such as Dividend received, Profit on sale of Fixed Assets.

(B) Calculate Operating Profit before Working Capital changes- Adjust the net profit to arrive at the operating profit, excluding the impact of working capital changes.

Performa of calculating cash flows from operating activities as per indirect method.