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 Notes:
• Tangible assets Machinery
• Intangible assets = Patents
Notes to Accounts:
Additional Information:
(a) Patents were written-off to the extent of Rs. 40,000.and some a profit of Rs 20,000.
(b) A Machine costing Rs. 1,40,000 (Depreciation provided there on Rs. 60,000) was sold for Rs. 50,000. Depreciation charged during the year was Rs. 1,40,000.
(c) On March 31, 2014, 10% Investments were purchased for Rs. 1,80,000 and sonic Investments were sold at profit of Rs. 20,000. Interest on Investment was received on March 31, 2015.
(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.
