Question 27 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 27 Chapter 5 of +2-B

Question 27 Chapter 5 of +2-B

27. From the following information, calculate Cash Flow from Investing Activities

Particulars 31st March, 31st March,
  2019 2018
Plant and Machinery 10,00,000 8,50,000
Investment (Long −term) 1,00,000 40,000
Land (At cost) 1,00,000 2,00,000

Additional Information:
1. Depreciation charged on Plant and Machinery Rs 50,000.
2. Plant and Machinery with a Book Value of Rs 60,000 was sold for Rs 40,000.
3. Land was sold at a profit of Rs 60,000.
4. No investment was sold during the year

 

The solution of Question 27 Chapter 4 of +2-B: –

 


Cash Flow From for the year ended 31st March, 2019
Particulars
Rs
I. Cash Flow from Investing Activities    
Sale of Plant and Machinery (WN 1) 40,000  
Sale of Land (WN 2) 1,60,000  
Less: Purchase of Plant and Machinery (WN 1) 2,60,000  
Less: Purchase of Investments 60,000 1,20,000
Net Cash Used in Investing Activities   1,20,000

 


Plant and Machinery Account
Particulars
Rs Particular Rs
To Balance b/d 8,50,000 By Depreciation A/c 50,000
To Bank A/c (Purchase) (Bal. Fig.) 2,60,000 By Bank A/c (Sale) 40,000
    By Loss on Sale (Profit and Loss A/c) 20,000
    By Balance c/d 10,00,000
  11,10,000   11,10,000

 


Land Account
Particulars
Rs Particular Rs
To Balance b/d 2,00,000 By Bank A/c (Sale) (Bal. fig.) 1,60,000
To Bank A/c (Purchase) (Bal. Fig.) 60,000 By Balance c/d 1,00,000
  2,60,000   2,60,000


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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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

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

2 Book 3 min 225x300 - Question 27 Chapter 5 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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