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प्रश्न
From the following particulars of Bharat Gas Limited, calculate Cash Flows from Investing Activities. Also, show the workings clearly preparing the ledger accounts:
Balance Sheet of Bharat Gas Ltd. as on 31 Mar. 2016 and 31 Mar. 2017
| Particulars | Note No. | Figures as the end of 2017 (Rs) |
Figures as at the end of reporting 2016 (Rs) |
| II) Assets | |||
|
1. Non-current Assets |
|||
|
a) Fixed assets |
|||
|
i) Tangible assets |
1 | 12,40,000 | 10,20,000 |
|
ii) Intangible assets |
2 | 4,60,000 | 3,80,000 |
|
b) Non-current investments |
3 | 3,60,000 | 2,60,000 |
Notes 1 tangible assets = Machinery
2 Intangible assets = Patents
Notes
| Figures of current year | Figures of previous year | |
| 1. Tangible Assets | ||
|
Machinery |
12,40,000 | 10,20,000 |
| 2. Intangible Assets | ||
|
Goodwill |
3,00,000 | 1,00,000 |
|
Patents |
1,60,000 | 2,80,000 |
| 4,60,000 | 3,80,000 | |
| 3. Non-current Investments | ||
|
10% long term investments |
1,60,000 | 60,000 |
|
Investment in land |
1,00,000 | 1,00,000 |
|
Shares of Amartex Ltd. |
1,00,000 | 1,00,000 |
| 3,60,000 | 2,60,000 | |
Additional Information:
(a) Patents were written-off to the extent of Rs. 40,000 and some Patents were sold at a profit of Rs. 20,000.
(b) A Machine costing Rs. 1,40,000 (Depreciation provided thereon Rs. 60,000) was sold for Rs. 50,000. Depreciation charged during the year was Rs. 1,40,000.
(c) On March 31, 2016, 10% Investments were purchased for Rs. 1,80,000 and some Investments were sold at a profit of Rs. 20,000. Interest on Investment was received on March 31, 2017.
(d) Amartax Ltd. paid Dividend @ 10% on its shares.
(e) A plot of Land had been purchased for investment purposes and let out for commercial use and rent received Rs. 30,000.
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उत्तर
Cash Flow from Investing Activities
|
Particulars |
Amount Rs |
Amount Rs |
||
|
Cash Inflow |
|
|
||
|
|
Proceeds from Sale of Patents |
1,00,000 |
|
|
|
|
Proceeds from Sale of Machinery |
50,000 |
|
|
|
|
Proceeds from Sale of 10% Long-term Investment |
1,00,000 |
|
|
|
|
Interest received on 10% Long-term Investment |
6,000 |
|
|
|
|
Dividend Received from Amartax Ltd. |
10,000 |
|
|
|
|
Rent Received |
30,000 |
2,96,000 |
|
|
Cash Outflow |
|
|
||
|
|
Purchase of Goodwill |
(2,00,000) |
|
|
|
|
Purchase of Machinery |
(4,40,000) |
|
|
|
|
Purchase of 10% Long-term Investment |
(1,80,000) |
(8,20,000) |
|
|
Net Cash used in Investing Activities |
|
(5,24,000) |
||
Patents Account
|
Dr. |
|
|
|
|
|
|
Cr. |
|
Date |
Particulars |
J.F. |
Amount Rs |
Date |
Particulars |
J.F. |
Amount Rs |
|
|
Balance b/d |
|
2,80,000 |
|
Profit and Loss (written off) |
|
40,000 |
|
|
Profit and Loss (Profit on sale) |
|
20,000 |
|
Bank (sale- Balancing figure) |
|
1,00,000 |
|
|
|
|
|
|
Balance c/d |
|
1,60,000 |
|
|
|
|
3,00,000 |
|
|
|
3,00,000 |
Machinery Account
|
Dr. |
|
|
|
|
|
|
Cr. |
|
Date |
Particulars |
J.F. |
Amount Rs |
Date |
Particulars |
J.F. |
Amount Rs |
|
|
Balance b/d |
|
10,20,000 |
|
Depreciation |
|
1,40,000 |
|
|
Bank (Purchases- Balancing figure) |
|
4,40,000 |
|
Bank |
|
50,000 |
|
|
|
|
|
|
Profit and Loss |
|
30,000 |
|
|
|
|
|
|
Balance c/d |
|
12,40,000 |
|
|
|
|
14,60,000 |
|
|
|
14,60,000 |
10% Long-term Investment Account
|
Dr. |
|
|
|
|
|
|
Cr. |
|
Date |
Particulars |
J.F. |
Amount Rs |
Date |
Particulars |
J.F. |
Amount Rs |
|
|
Balance b/d |
|
60,000 |
|
Bank (Balancing figure) |
|
1,00,000 |
|
|
Bank |
|
1,80,000 |
|
|
|
|
|
|
Profit and Loss (Profit on sale) |
|
20,000 |
|
Balance c/d |
|
1,60,000 |
|
|
|
|
2,60,000 |
|
|
|
2,60,000 |
