Advertisement

Question 23 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 23 Chapter 5 of +2-B
Question No. 23 Chapter No.5 - T.S. Grewal +2 Book Part B

Advertisement

Question 23 Chapter 5 of +2-B

Advertisement

Cash Flow from Investing Activities

23. Welprint Ltd. has given the following information:

ParticularsOpening (Rs)
Machinery as on 1st April, 201850,000
Machinery as on 31st March, 201960,000
Accumulated Depreciation on 1st April, 201825,000
Accumulated Depreciation on 31st march, 201915,000

During the year, a machine costing Rs 25,000 accumulated depreciation there on Rs 15, 000 was sold for Rs 13,000.
Calculate Cash Flow from Investing Activities on the basis of the above information.

Advertisement-X

 

The solution of Question 23 Chapter 4 of +2-B: –

 


Cash Flow From for the year ended 31st March, 2019
Particulars
Rs
I. Cash Flow from Investing Activities  
Purchase of Machinery (WN 1)35,000 
Less: Sale of Machinery13,000 
Net Cash Used in Investing Activities 22,000

 

 

Working Note:- 1


Machinery Account
Particulars
RsParticularRs
To Balance b/d50,000By Provision for Depreciation A/c15,000
To Profit on Sale ( Statement Profit
and Loss )
3,000By Bank A/c (Sale)13,000
To Bank A/c (Purchase) (Bal. fig.)35,000By Balance c/d60,000
 80,000 80,000

 


Accumulated Depreciation Account
Particulars
RsParticularRs
To Machinery A/c15,000By Patents Written off25,000
To Balance c/d15,000By Profit and Loss A/c (Bal. Fig.)5,000
 30,000 30,000

Advertisement-X

 


Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

Advertisement

Advertisement

error: Content is protected !!