Question

Balance Sheet of XYZ Ltd as on 31-Mar-2015 and 31-Mar-2016
31.03.15
31.03.16
31.03.15
31.03.16
Liabilities
Rs in 000
Rs in 000
Assets
Rs in 000
Rs in 000
Share Capital
1440
1920
Fixed Assets
3840
4560
Capital Reserve
48
Less: Depreciation
1104
1392
General Reserve
816
960
2736
3168
Profit & Loss
Account
288
360
Investments
480
384
9% Debenture
960
672
Cash
210
312
Current Liabilities
576
624
Other Current assets
(including stock)
1134
1272
Proposed Dividend
144
174
Preliminary Expenses 96
48
Provision for Tax
432
408
Unpaid Dividend
18
4656
5184
4656
5184
Additional Information
1. During the year 2015 - 2016, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs
84,000) was sold for Rs 1,20,000

2. Provided Rs 4,20,000 as depreciation
3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve
4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was rupees 2,59,200 as on 31.03.2015. The stock as at 31.03.16 was correctly valued at 3,60000
5. It was decided to write off fixed assets costing 60000 on which depreciation amounting to 48000 has been provided
6. Debentures are redeemed at rupees 105


Select:
1. Net cash flow from operating activities, investing activities, financing activities
2. Cash received on sale of investment is?
3. Fixed assets purchased during the time period is?
​

Answer 1

Answer:

Net Cashflow from Financing activities 4,20,000

Explanation: