Calculate Cash Flow from Investing Activities from the following information:
(i) 9% dividend was received from Miko Ltd.
(ii) A machine costing Rs. 50,000 (depreciation provided thereon Rs. 15,000) was sold for Rs. 40,000. Depreciation charged during the year was Rs. 55,000.
Cash Flow from Investing Activities
It is assumed that investment in shares of Miko Ltd. were made and long term invetment were sold on 31st March, 2015.
In case it is assumed that Investment in shares of Miko Ltd. were made and investments were sold on 1st April, 2014 dividend would be Rs. 1,62,000 and interest would be Rs. 18,000 and cash Flows from Investing Activities would be Rs. 8,00,000.
Dr. Plant And Machinery A/c Cr.