Cash Flows from Investing Activities
Sale of Building 26,000
Purchase of Building (70,000)
Net cash used in Investing Activities (44,000)
Working Notes
Building Account
Particulars |
Amount (Rs.) |
Particulars |
Amount (Rs.) |
Balance b/d |
1,00,000 |
Cash (proceeds from sale of building) |
26,000 |
Profit and Loss (profit on sale of building) |
6,000 |
Accumulated Depreciation |
30,000 |
Cash (balancing figure–new building purchased) |
70,000 |
Balance c/d |
1,20,000 |
|
1,76,000 |
|
1,76,000 |
Accumulated Depreciation Account
Particulars |
Amount (Rs.) |
Particulars |
Amount (Rs.) |
Building |
30,000 |
Balance b/d |
50,000 |
Balance c/d |
30,000 |
Profit and Loss (depreciation provided during the year) |
10,000 |
|
60,000 |
|
60,000 |