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Cash Flow Statement

Question 6:

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 Limited as on .....................

 

Liabilities

2006

Amount

Rs

2007

Amount

Rs

 

2006

Amount

Rs

2007

Amount

Rs

 

 

 

Goodwill

1,00,000

3,00,000

 

 

 

Patents

2,80,000

1,60,000

 

 

 

Machinery

10,20,000

12,40,000

 

 

 

10% Long-term Investment

60,000

1,60,000

 

 

 

Investment in Land

1,00,000

1,00,000

 

 

 

Shares of Amartax Ltd.

1,00,000

1,00,000

 

 

 

 

 

 

 

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, 2007, 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, 2007.

(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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