Question

) The following is the Balance Sheet of New India
Ltd. for the year ending Dec 31, 2014:
8
Liabilities.
Rs.
Assets
Rs.
Goodwill
1,00,000
9% Preference Share
Capital
5,00,000
Land & Building
6,50,000
Equity Share Capital
10,00,000 Plant
8,00,000
8% Detientures
2,00,000 Furniture
1,50,000
Long-leim Loan
70,000
1,00,000 Bills Receivables
60,000 Debtors
Bills Payable
90,000
Creditors
70,000 Bank Balance
45,000
Bank Overdraft
+30,000 Short-term
Investments
5,000
Outstanding Expenses
25,000
Pre-paid Expensas
5,000
Stock
30,000
3
19,65,000
19,65,000
From the above balance sheet calculate Acid Test ratio​

Answer 1

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:

I think it is correct