Accountancy, asked by manipatial14, 5 months ago


1. Financial activities in a cash flow statement as
per AS-7 do not include
a. Issue of shares
b. Buy back of shares
c. Purchase of building
d. Dividend paid​

Answers

Answered by Anonymous
0

Answer:

Explanation:

From the following information, calculate Cash Flow from Investing Activities:

 

 

 

Particulars

31st March,

2019 (₹) 31st March,

2018 (₹)

Machinery (At cost) 5,50,000 5,00,000

Accumulated Depreciation 1,70,000 1,00,000

 

 

 

During the year, a machinery costing ₹ 50,000 (accumulated depreciation provided thereon ₹ 20,000) was sold for ₹ 26,000.

ANSWER:

Cash Flow from Investing Activities

 

Particulars

Amount

(₹)

Amount

(₹)

 

Purchase of Machinery

(1,00,000)

 

 

Sale of Machinery

26,000

 

 

Net Cash Used in Investing Activities

 

(74,000)

Working Notes:

Machinery Account

Dr.

Cr.

Particulars

Amount

(₹)

Particulars

Amount

(₹)

To Balance b/d

5,00,000

Accumulated Depreciation A/c

20,000

To Bank A/c (Purchase- Bal. Fig.)

1,00,000

Bank A/c (Sale)

26,000

 

 

Profit and Loss A/c (Loss on Sale)

4,000

 

 

Balance c/d

5,50,000

 

6,00,000

 

6,00,000

 

 

 

 

 

Accumulated Depreciation Account

Dr.

Cr.

Particulars

Amount

(₹)

Particulars

Amount

(₹)

To Machinery A/c

20,000

Balance b/d

1,00,000

Balance c/d

1,70,000

Profit and Loss A/c (Dep. charged during the year- Bal. Fig.)

90,000

 

1,90,000

 

1,90,000

 

 

 

 

Similar questions