From the following information provided for Horizon Ltd., arrive at the Cash Flow from Investing...
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Accounting
From the following information provided for Horizon Ltd., arrive at the Cash Flow from Investing & Financing Activities?
Statement of Profit and Loss for the Year Ended March 31, 1999.
Particulars Details Rs Sales 25,00,000 Other Income (Interest Received) 5,00,000 Total Revenues 30,00,000 Cost of goods sold -10,00,000 Gross Profit 20,00,000 Operating expenses Profit on Sale of Equipments -1,75,000 Interest Paid 2,50,000 Loss on Sale of Building 45,000 Routine Opex 6,30,000 7,50,000 Net Profit 12,50,000
Please note the following:
1) Building costing Rs 12,00,000 and having accumulated depreciation of Rs 10,80,000 was sold during the year
2) Equipment costing Rs 5,00,000 and having accumulated depreciation of Rs 3,00,000 were sold during the year
3) Loans of Rs 500,000 were repaid during the year and debentures worth Rs 10,00,000 were issued during the year
Arrive at the Cash from Investing and Financing Activities, for the period?
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