(a) From the following information extracted from the books of Kant Profit earned during the year is ₹1,95,000 after considering the following items:
| Particulars | Amount (₹) |
|---|---|
| Depreciation on Machinery | 50,000 |
| Goodwill written off | 30,000 |
| Loss on Sale of Machinery | 10,000 |
| Transfer to General Reserve | 1,05,000 |
At the end of the year, Trade Receivables showed an increase of ₹2,00,000 and Trade Payables a decrease of ₹10,000.
(b) From the following information extracted from the books of Vandana Ltd., calculate Cash Flows from Investing Activities.
| Particulars | 2023-24 (₹) |
2022-23 (₹) |
|---|---|---|
| Machinery | 24,00,000 | 28,00,000 |
| Accumulated Depreciation on Machinery | (2,00,000) | (3,00,000) |
| 22,00,000 | 25,00,000 |
Additional Information:
A piece of machinery costing ₹8,00,000 on which accumulated depreciation was ₹40,000, was sold for ₹5,00,000.
Marks-6, CBSE: 2024-25/Zone-7/Set-1/Q-34
Answer :
