Question

Investing Activities. Also show the workings clearly preparing the ledger accounts
From the following particulars of Bharat Gas Limited, calculate Cash Flows from
ILLUSTRATION 27
31.3.2015 31.3.2016
Goodwill
Patents
Machinery
10% Long term investment
Investment in land
Shares of Amartax Ltd.
1,00,000 3,00,000
2.80,000 160.000
10,20,000 12.40.000
60,000 1.60,000
1,00,000 1,00,000
1,00,000 1,00,000
Additional Information:
1. Patents were written off to the extent of 240,000 and some Patents were sold
at a profit of $20,000.
2. A Machine costing 31,40,000 (Depreciation provided thereon 360,000) was
sold for 350,000. Depreciation charged during the year was 1,40,000.
3. On March 31, 2016, 10% Investments were purchased for 31,80,000 and
some Investments were sold at a profit of 320,000. Interest on Investment was
received on March 31, 2016.
4. Amartax Ltd. paid Dividend @ 10% on its shares.
5. A plot of Land was purchased out of surplus funds for investment purposes
and let out for commercial use and rent received 30,000.​

Answer 1

Answer:

Investing Activities. Also show the workings clearly preparing the ledger accounts

From the following particulars of Bharat Gas Limited, calculate Cash Flows from

ILLUSTRATION 27

31.3.2015 31.3.2016

Goodwill

Patents

Machinery

10% Long term investment

Investment in land

Shares of Amartax Ltd.

1,00,000 3,00,000

2.80,000 160.000

10,20,000 12.40.000

60,000 1.60,000

1,00,000 1,00,000

1,00,000 1,00,000

Additional Information:

1. Patents were written off to the extent of 240,000 and some Patents were sold

at a profit of $20,000.

2. A Machine costing 31,40,000 (Depreciation provided thereon 360,000) was

sold for 350,000. Depreciation charged during the year was 1,40,000.

3. On March 31, 2016, 10% Investments were purchased for 31,80,000 and

some Investments were sold at a profit of 320,000. Interest on Investment was

received on March 31, 2016.

4. Amartax Ltd. paid Dividend @ 10% on its shares.

5. A plot of Land was purchased out of surplus funds for investment purposes

and let out for commercial use and rent received 30,000.​?

Hey, what kind of question is this? Please rephrase it again!!! ☹