school img
Is this your school?
011-40705070  or  
Call me
Download our Mobile App
Select Board & Class
  • Select Board
  • Select Class
 

NCERT Solutions

Change Chapter

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 Ltd. as on .............  
Particulars Note No. Figures as the end of 2011
(Rs)
Figures as at the
end of reporting 2010
(Rs)
II) Assets      
1. Non-current Assets
     
a) Fixed assets
     
i) Tangible assets
1 12,40,000 10,20,000
ii) Intangible assets
2 4,60,000 3,80,000
b) Non-current investments
3 3,60,000 2,60,000

 

Notes 1 Tangible assets = Machinery
  2 Intangible assets = Patents

Notes

  Figures of current year Figures of previous year
     
1. Tangible Assets    
Machinery
12,40,000 10,20,000
2. Intangible Assets          
Goodwill
3,00,000 1,00,000
Patents
1,60,000 2,80,000
    4,60,000 3,80,000
3. Non-current Investments          
10% long term investments  
1,60,000 60,000
Investment in land  
1,00,000 1,00,000
Shares of Amartex Ltd.  
1,00,000 1,00,000
    3,60,000 2,60,000
           


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, 2011.

(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.

Get solutions to all NCERT textbooks Signup/Login
Video Previous Next
 
Start Practising
Enter your board and class for better results:
    Start
    close