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प्रश्न
X Ltd. provides you the following information:
| ₹ | |
| Non-Current Investments as on 31-3-2021 | 50,000 |
| Non-Current Investments as on 31-3-2022 | 60,000 |
During the year 2022, X Ltd. purchased investments costing ₹ 25,000 and sold some investments at a loss of 20% on book value. Calculate sources of cash.
खाता बही
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उत्तर
| Dr. | Non-Current Investments A/c | Cr. | |
| Particulars | Amount (₹) |
Particulars | Amount (₹) |
| To Balance b/d | 50,000 | By Bank A/c (Sale Proceeds) | 12,000 |
| To Bank A/c (Purchases) | 25,000 | By P&L A/c (Loss 20% of ₹15,000) | 3,000 |
| By Balance c/d | 60,000 | ||
| Total | 75,000 | Total | 75,000 |
Working Note 1:
Let the book value of investments sold = ₹ x
Since the company purchased ₹ 25,000 in new investments and still ended with ₹ 60,000, then it flows as:
Opening Investment + Purchases − Book Value Sold = Closing Balance
₹ 50,000 + ₹ 25,000 − x = ₹ 60,000
∴ ₹ 75,000 − x = ₹ 60,000
∴ x = ₹ 15,000
∴ Book Value of Investments Sold = ₹ 15,000
Working Note 2:
Calculate Cash Received from Sale (Sources of Cash),
Given is sold at a 20% loss on book value,
∴ Sale proceeds = 80% of ₹ 15,000
∴ Sale proceeds = ₹ 12,000
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