Welprint Ltd. has given the following information: | ₹ |
Machinery as on 1st April, 2018 | 50,000 |
Machinery as on 31st March, 2019 | 60,000 |
Accumulated Depreciation on 1st April, 2018 | 25,000 |
Accumulated Depreciation on 31st march, 2019 | 15,000 |
During the year, a machine costing ₹ 25,000 (accumulated depreciation thereon ₹ 15,000) was sold for ₹ 13,000.
Calculate Cash Flow from Investing Activities on the basis of the above information.
Cash Flow Statement |
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|
Particulars |
Amount (₹) |
Amount (₹) |
|
Cash Flow from Investing Activities |
|
|
|
Purchase of Machinery |
(35,000) |
|
|
Sale of Machinery |
13,000 |
(22,000) |
|
Cash Used in Investing Activity |
|
(22,000) |
Machinery Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (₹) |
Particulars |
Amount (₹) |
||
Balance b/d |
50,000 |
Bank A/c |
13,000 |
||
Profit and Loss A/c |
3,000 |
Accumulated Depreciation A/c |
15,000 |
||
Bank A/c (Bal. Fig.) |
35,000 |
Balance c/d |
60,000 |
||
88,000 |
88,000 |
||||
Accumulated Depreciation Account |
|||
Dr. |
Cr. |
||
Particulars |
Amount (₹) |
Particulars |
Amount (₹) |
Machinery A/c |
15,000 |
Balance b/d |
25,000 |
Balance c/d |
15,000 |
Profit and Loss A/c (Bal. Fig.) |
5,000 |
30,000 |
30,000 |
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