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 Limited as on .....................
|
Liabilities
|
2006
Amount
Rs
|
2007
Amount
Rs
|
|
2006
Amount
Rs
|
2007
Amount
Rs
|
|
|
|
Goodwill
|
1,00,000
|
3,00,000
|
|
|
|
Patents
|
2,80,000
|
1,60,000
|
|
|
|
Machinery
|
10,20,000
|
12,40,000
|
|
|
|
10% Long-term Investment
|
60,000
|
1,60,000
|
|
|
|
Investment in Land
|
1,00,000
|
1,00,000
|
|
|
|
Shares of Amartax Ltd.
|
1,00,000
|
1,00,000
|
|
|
|
|
|
|
Additional Information:
(a) Patents were written off to the extent of Rs 40,000 and some Patents were sold at a profit of Rs 20,000.
(b) A Machine costing Rs 1,40,000 (Depreciation provided thereon Rs 60,000) was sold for Rs 50,000. Depreciation charged during the year was Rs 1,40,000.
(c) On March 31, 2007, 10% Investments were purchased for Rs 1,80,000 and some Investments were sold at a profit of Rs 20,000. Interest on Investment was received on March 31, 2007.
(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.