Advertisement

Question 28 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 28 Chapter 5 of +2-B
Question No.28 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution

Advertisement

Question 28 Chapter 5 of +2-B

Advertisement

28. From the following extracts of a company, calculate Cash Flow from Investing Activities:

Particulars31st March,31st March,
 20192018
Goodwill75,0001,00,000
Patents1,00,00075,000
Land90,0001,00,000
Furniture2,46,00021,000
Plant and Machinery Net2,00,0002,00,000
10% Investments1,60,0002,00,000
Accrued Interest on Investments6,000 

 

The solution of Question 28 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 Investment*14,000 
Sale of Investment*20,000 
Sale of Land10,000 
Less: Purchase of Patents25,000 
Less: Purchase of Furniture2,25,0002,06,000
Net Cash Used in Investing Activities 2,06,000

 

Advertisement-X

* Sale of Investment has been assumed that investment sold at the end of the accounting year.

*Interest on Investment:-

Interest on Investment=10%
 =Rs 2,00,000 X 10%
 =Rs 20,000
Less: Accrued Interest=Rs 6,000
Interest Received=Rs 14,000


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 !!