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Question 35 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 35 Chapter 5 of +2-B
Question No.35 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution

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Question 35 Chapter 5 of +2-B

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Cash Flow from Financing Activities

35. From the following information, calculate Cash Flow from Investing and Financing Activities:

Particulars31st March,31st March,
 2019 Rs2018 Rs 
Machinery (At cost)50,00040,000
Accumulated Depreciation12,00010,000
Capital35,00030,000
Bank Loan10,000

During the year, a machine costing Rs 10,000 was sold at a loss of Rs 2,000. Depreciation on machinery charged during the year amounted to Rs 6,000.

The solution of Question 35 Chapter 4 of +2-B: –

 

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Cash Flow From for the year ended 31st March, 2019
Particulars
Rs
I. Cash Flow from Financing Activities  
Sale of Machine4,000 
Less: Purchase of Machinery (WN 1)20,00016,000
Net Cash from used in Investing Activities 16,000
II. Cash Flow from Financing Activities  
Proceeds from Issue of Equity Shares5,000 
Less: Repayment of Bank Loan10,0005,000
Net Cash Flow from Financing Activities 5,000

 

Machinery Account
Particulars
RsParticularRs
To Balance b/d40,000By Accumulated Depreciation A/c*4,000
To Bank A/c (Purchase) (Bal. Fig.)20,000By Bank A/c (Sale)4,000
  By Loss on Sale (Profit and Loss A/c)2,000
  By Balance c/d50,000
 60,000 60,000

 

Accumulated Depreciation Account*
Particulars
RsParticularRs
To Machinery A/c (Bal. Fig.)4,000By Balance b/d10,000
To Balance c/d12,000 By Profit and Loss A/c (Dep. charged during the year)6,000
 16,000 16,000


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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

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Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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