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Question 21 Chapter 8 -Unimax Publication Class 12 Part 2 – 2021

Question no 21 Chapter no 8 unimax class12 part 2
Question no 21 Chapter no 8 unimax class12 part 2

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Question 21 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021

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21. the following information exist in books.

Particulars Opening ₹closing ₹
Investments34,00028,000

The company sold (40% of investments held in the beginning of the year at a profit of 8,400. calculate ash from investing activities.

The solution of Question 21 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –

Calculation of cash flows from investing activities.

Particulars
In flow from sale of investment:  
Cost of investing sold (40, of 34,000)13,600 
Add: profit on sale of investment8,400 
  22,000
Outflow on purchase of investing (7,600)
Net cash flow from investing activities 14,400

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Working note:

Investment Account 

Particulars Particulars
To balance b/d34,000By bank A/c22,000
To profit and loss A/c8,400(Sale of investment)  
(Profit on sale of inv.) (13,600+8,400) 
To bank A/c7,600  
(Purchase of investments) (BF.) By balance c/d28,000
 50,000 50,000

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

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

Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication

 

 

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