29 :- Calculate Cash Flow from Investing Activities from the Following Information :
Additional Information :
1.A piece of land was purchased as an investment out of surplus. It was let out for commercial purpose and the rent received was Rs 20,000.
2.Dividend received from Damodar Ltd. @12%.
3.Patents written off to the extent of Rs 20,000. Some patents were sold at a profit of Rs 10,000.
4.A machine costing Rs 80,000 (depreciation provided thereon Rs 30,000) was sold for Rs 35,000. Depreciation charged during the year was Rs 70,000.
5.During the year 12% investments were purchased for Rs 1,00,000 and some investments were sold at a profit of Rs 10,000. Interest on investments for the year was duly received.
Solution :-
