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Question 24 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 24 Chapter 5 of +2-B
Question No. 24 Chapter No.5 - T.S. Grewal +2 Book Part B

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Question 24 Chapter 5 of +2-B

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Cash Flow from Investing Activities

24. From the following details. Calculate Cash Flow from Investing Activities

Particulars31st March,31st March,
 20192018
Investment in 10% Debentures10,00,0005,00,000
Land and Building15,00,0009,00,000

Additional Information:
1. Half of the investment held in the beginning of the year were sold at 10% profit.
2. Depreciation on Land and Building was Rs 50,000 for the year.
3. Interest received on investments Rs 75,000.

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The solution of Question 24 Chapter 4 of +2-B: –

 


Cash Flow From for the year ended 31st March, 2019
Particulars
Rs
I. Cash Flow from Investing Activities  
Interest received on Investments75,000 
Sale of Debentures (WN 1)2,75,000 
Less: Purchase of Land and Building (WN 2)6,50,000 
Less: Purchase of Debentures7,50,00010,50,000
Net Cash Used in Investing Activities 10,50,000

 

 

Working Note:- 1


10% Debentures Account
Particulars
RsParticularRs
To Balance b/d5,00,000By Bank A/c (Sale)2,75,000
To Profit on Sale ( Statement Profit
and Loss )
25,000By Balance c/d10,00,000
To Bank A/c (Purchase) (Bal. fig.)7,50,000  
 12,75,000 12,75,000

 


Land and Building Account
Particulars
RsParticularRs
To Machinery A/c9,00,000By Depreciation50,000
To Balance c/d6,50,000By Balance c/d15,00,000
 15,50,000 15,50,000

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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

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