Question 33 Chapter 8 -Unimax Publication Class 12 Part 2 - 2021

Question 33 Chapter 8 - Unimax Publication Class 12 Part 2 - 2021

. XYZ Ltd. had the following balance:
Non-current investment on 31st march 2021= 3,40,000
Noncurrent investment on 31st march 2022 = 2,80,000
During the year the company had sold 40% of its original investment at a profit of 84, 000.
Calculate sources and uses of cash.

The solution of Question 33 Chapter 8 - Unimax Publication Class 12 Part 2-2021 : -

Sources	₹
40% of 3,40,000=	1,36,000
Add profit =	84,000
	2,20,000

Uses: non-current investment A/c should be prepared to find out the uses of cash.

Non-current investments A/C

Date	Particulars	Amount	Date	Particulars	Amount
1-4-2021	To balance b/d	3,40,000	During	By bank A/c	2,20,000
During			2021-22
2021-22	To profit on sale		31-3-2022	By balance c/d (given)	2,80,000
	Of non-current investment	84,000
	To bank A/c
	(B. fig., purchase)	76,000
		5,00,000			5,00,000

Therefore, uses of cash (purchases of non-cash investment) = 76,000.

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Unimax Publication - Accountancy PSEB Class 12 - Volume I - Solution

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Unimax Publication - Accountancy PSEB (Class 12) - Part - II - Solution

• Chapter No. 1 – Company Accounts (Share Capital)
• Chapter No. 2 – Company Accounts (Issue of Debentures)
• Chapter No. 3 – Company Accounts (Redemption of Debentures)
• Chapter No. 4 – Financial Statements of a Company
• Chapter No. 5 – Financial Statement Analysis
• Chapter No. 6 –  Tools of Financial Statement Analysis- Comparative and Common Size  
• Chapter No. 7 – Ratio Analysis
• Chapter No. 8 – Cash Flow Statement

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