Advertisement
Question 23 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021
Advertisement
Table of Contents
23. from the following information calculate the amount of cash flows from investing activities:
| Particulars | 31.3.2021 ₹ | 31.3.2022 ₹ |
| Plant and machinery | 8,50,000 | 10,00,000 |
| Non-current investment | 40,000 | 1,00,000 |
| Land (at cost) | 2,00,000 | 1,00,000 |
Additional information:
(i)depreciation charged on plant and machinery was 50,000.
(ii) plant and machinery with a book value of 60,000 was sold for 40,000.
(iii)land was sold at a gain of 60,000.
The solution of Question 23 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –
Calculation of cash from investing activities
| Particulars | ₹ |
| Sale of plant and machinery | 40,000 |
| Sale of land *(W. note 1) | 1,60,000 |
| Purchased of plant & machinery (W. note 2) | (2,60,000) |
| Purchase of non-current investments | (60,000) |
| Net cash flow from investing activities | (1,20,000) |
Working notes:
Advertisement-X
Plant & machinery account
| Particulars | ₹ | Particulars | ₹ |
| To balance b/d | 8,50,000 | By depreciation | 50,000 |
| To bank | By bank (sale of machinery) | 40,000 | |
| (Purchase of machinery) (bal. fig.) | 2,60,000 | By loss on sale of machinery | 20,000 |
| By balance c/d | 10,00,000 | ||
| 11,10,000 | 11,10,000 |
Land account
| Particulars | ₹ | Particulars | ₹ |
| To balance b/d | 2,00,000 | By bank (sale of land) (b. fig. | 1,60,000 |
| To gain on sale of land | 60,000 | By balance c/d | 1,00,000 |
| 2,60,000 | 2,60,000 |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
What is the cash flow statement? why do we need to prepare?
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
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Advertisement-X
