[ISC] Q. 30 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 30 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following particulars of National Plastic Ltd., determine Cash Flow from Investing Activities. Also, Show the working clearly by preparing the Ledger Accounts.

Assets31st 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:-

  1. Patents were written off to the extent of ₹ 40,000 and some Patents were sold at a gain (profit) of ₹ 20,000.
  2. A machine costing ₹ 1,40,000 (Depreciation provided thereon ₹ 60,000) was sold for ₹ 50,000.
  3. 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.
  4. Received dividend @ 10% on its shares.
  5. Land purchased for investment purposes was let out and rent received ₹ 20,000.

Solution:-

Working Notes:-

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