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

Question 27 Chapter 5 of +2-B
Question No.27 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution

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Question 27 Chapter 5 of +2-B

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

Particulars31st March,31st March,
 20192018
Plant and Machinery10,00,0008,50,000
Investment (Long −term)1,00,00040,000
Land (At cost)1,00,0002,00,000

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 Investments60,0001,20,000
Net Cash Used in Investing Activities 1,20,000

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Plant and Machinery Account
Particulars
RsParticularRs
To Balance b/d8,50,000By Depreciation A/c50,000
To Bank A/c (Purchase) (Bal. Fig.)2,60,000By Bank A/c (Sale)40,000
  By Loss on Sale (Profit and Loss A/c)20,000
  By Balance c/d10,00,000
 11,10,000 11,10,000

 


Land Account
Particulars
RsParticularRs
To Balance b/d2,00,000By Bank A/c (Sale) (Bal. fig.)1,60,000
To Bank A/c (Purchase) (Bal. Fig.)60,000By Balance c/d1,00,000
 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)

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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