From the following particulars of National Plastic Ltd., determine Cash Flow from Investing Activities. Also, Show the working clearly by preparing the Ledger Accounts
From the following particulars of National Plastic Ltd., determine Cash Flow from Investing Activities. Also, Show the working clearly by preparing the Ledger Accounts.
| Assets | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
|
Goodwill Patents Machinery 12% Long-term Investment Investment in Land Shares in Companies |
2,00,000 2,60,000 12,40,000 1,60,000 1,00,000 1,00,000 |
1,00,000 3,80,000 10,20,000 60,000 1,00,000 1,00,000 |
Additional Information:-
- Patents were written off to the extent of ₹ 40,000 and some Patents were sold at a gain (profit) of ₹ 20,000.
- A machine costing ₹ 1,40,000 (Depreciation provided thereon ₹ 60,000) was sold for ₹ 50,000.
- On 31st March, 2023, 12% Investments were purchased for ₹ 1,80,000 and some Investments were sold at a profit of ₹ 20,000. Interest on Investments was received on 31st March, 2023.
- Received dividend @ 10% on its shares.
- Land purchased for investment purposes was let out and rent received ₹ 20,000.
Anurag Pathak Changed status to publish November 28, 2023
