Answer» Calculate Cash Flow from Investing Activities from the following information:
Particular | 31st March,
2019
(₹) | 31st March,
2018 (₹) | Investment in Land | 3,00,000 | 3,00,000 | Shares in Damodar Ltd. | 1,50,000 | 1,50,000 | 12% Long-term Investments | 80,000 | 50,000 | Plant and Machinery | 7,50,000 | 6,00,000 | Patents | 70,000 | 1,00,000 | Goodwill | 1,50,000 | 1,00,000 |
Additional Information:
1. A piece of land was purchased as an investment out of surplus. It was let out for commercial purpose and the rent received was ₹ 20,000.
2. Dividend received from Damodar Ltd. 12%.
3. Patents written off to the extent of ₹ 20,000. Some patents were sold at a profit of ₹ 10,000.
4. A machine costing ₹ 80,000 (depreciation provided thereon ₹ 30,000) was sold for ₹ 35,000. Depreciation charged during the year was ₹ 70,000.
5. During the year 12% investments were purchased for ₹ 1,00,000 and some investments were sold at a profit of ₹ 10,000. Interest on investments for the year was duly received.
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