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प्रश्न
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 31 Mar. 2016 and 31 Mar. 2017
| Particulars | Note No. | Figures as the end of 2017 (Rs) |
Figures as at the end of reporting 2016 (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, 2016, 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, 2017.
(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.
उत्तर
Cash Flow from Investing Activities
|
Particulars |
Amount Rs |
Amount Rs |
||
|
Cash Inflow |
|
|
||
|
|
Proceeds from Sale of Patents |
1,00,000 |
|
|
|
|
Proceeds from Sale of Machinery |
50,000 |
|
|
|
|
Proceeds from Sale of 10% Long-term Investment |
1,00,000 |
|
|
|
|
Interest received on 10% Long-term Investment |
6,000 |
|
|
|
|
Dividend Received from Amartax Ltd. |
10,000 |
|
|
|
|
Rent Received |
30,000 |
2,96,000 |
|
|
Cash Outflow |
|
|
||
|
|
Purchase of Goodwill |
(2,00,000) |
|
|
|
|
Purchase of Machinery |
(4,40,000) |
|
|
|
|
Purchase of 10% Long-term Investment |
(1,80,000) |
(8,20,000) |
|
|
Net Cash used in Investing Activities |
|
(5,24,000) |
||
Patents Account
|
Dr. |
|
|
|
|
|
|
Cr. |
|
Date |
Particulars |
J.F. |
Amount Rs |
Date |
Particulars |
J.F. |
Amount Rs |
|
|
Balance b/d |
|
2,80,000 |
|
Profit and Loss (written off) |
|
40,000 |
|
|
Profit and Loss (Profit on sale) |
|
20,000 |
|
Bank (sale- Balancing figure) |
|
1,00,000 |
|
|
|
|
|
|
Balance c/d |
|
1,60,000 |
|
|
|
|
3,00,000 |
|
|
|
3,00,000 |
Machinery Account
|
Dr. |
|
|
|
|
|
|
Cr. |
|
Date |
Particulars |
J.F. |
Amount Rs |
Date |
Particulars |
J.F. |
Amount Rs |
|
|
Balance b/d |
|
10,20,000 |
|
Depreciation |
|
1,40,000 |
|
|
Bank (Purchases- Balancing figure) |
|
4,40,000 |
|
Bank |
|
50,000 |
|
|
|
|
|
|
Profit and Loss |
|
30,000 |
|
|
|
|
|
|
Balance c/d |
|
12,40,000 |
|
|
|
|
14,60,000 |
|
|
|
14,60,000 |
10% Long-term Investment Account
|
Dr. |
|
|
|
|
|
|
Cr. |
|
Date |
Particulars |
J.F. |
Amount Rs |
Date |
Particulars |
J.F. |
Amount Rs |
|
|
Balance b/d |
|
60,000 |
|
Bank (Balancing figure) |
|
1,00,000 |
|
|
Bank |
|
1,80,000 |
|
|
|
|
|
|
Profit and Loss (Profit on sale) |
|
20,000 |
|
Balance c/d |
|
1,60,000 |
|
|
|
|
2,60,000 |
|
|
|
2,60,000 |
APPEARS IN
संबंधित प्रश्न
Give the meaning of ‘Cash Equivalents’ for the purpose of preparing Cash Flow Statement.
Following was the Balance Sheet of M.M Ltd at on 31.3.2015.
M.M. Ltd Balance Sheet as at 31-3-2015
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
I. Equity and Liabilities 1. Shareholder’s Funds a. Share Capital b. Reserve and Surplus 2. Non - Current Liabilities a) Long – term borrowings 3. Current Liabilities a) Short – term borrowings b) Short – term provisions |
1
2
3 4 |
5,00,000 2,00,000
4,50,000
1,50,000 70,000 |
4,00,000 (50,000)
5,00,000
50,000 90,000 |
| Total | 13,70,000 | 9,90,000 | |
|
II. Assets 1. Non – Current Assets a) Fixed Assets Tangible assets Intangible assets b) Non – Current Investments 2. Current Assets a) Current Investments b) Inventories c) Cash and Cash Equivalents |
5 6
7
|
10,03,000 20,000 1,00,000
50,000 1,07,000 90,000 |
7,20,000 30,000 75,000
60,000 45,000 60,000 |
| Total | 13,70,000 | 9,90,000 |
| Note No | Particulars | 31-3-2015(Rs.) | 31-3-2014(Rs.) |
|
1.
|
Reserve and Surplus (Surplus i.e. Balance in Statement of Profit and Loss) |
2,00,000 |
(50,000) |
| 2,00,000 | (50,000) | ||
|
2.
|
Long term borrowings : 12 % Debentures |
4,50,000 |
5,00,000 |
| 4,50,000 | 5,00,000 | ||
|
3.
|
Short – term borrowings : Bank Overdraft |
1,50,000 |
50,000 |
| 1,50,000 | 50,000 | ||
|
4.
|
Short – term provisions Provisions for tax |
70,000 |
90,000 |
| 70,000 | 90,000 | ||
|
5.
|
Tangible Assets Machinery Accumulated Depreciation |
12,03,000 (2,00,000) |
8,21,000 (1,01,000) |
| 10,03,000 | 7,20,000 | ||
|
6.
|
Intangible Assets Goodwill |
20,000 |
30,000 |
| 20,000 | 30,000 | ||
|
7.
|
Inventories Stock in trade |
1,07,000 |
45,000 |
| 1,07,000 | 45,000 |
Additional Information
(i) 12% Debentures were redeemed on 31-3-2015
(ii) Tax Rs. 70,000 was paid during the year
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Long Answer Question
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"Cash Sales"
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"Proceeds from long-term borrowings."
What is the primary objective of cash flow statement?
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Long-term Loans Rs. 2,09,000 Rs. 2,50,000
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