DK Goel Solutions Q 23 Chapter 4 Cash Flow Statement Class 12 CBSE [2023-24]
Step-by-step solution of Question 23, Chapter 4 Cash Flow Statement, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 23
The balance in Plant & Machinery account and Accumulated depreciation account as on March 31, 2021 and 2022 stood as follows :
- Plant & Machinery — 31st March, 2021 ₹ 48,00,000; 31st March, 2022 ₹ 65,40,000
- Accumulated Depreciation — 31st March, 2021 ₹ 14,05,000; 31st March, 2022 ₹ 22,10,000
Plant & machinery costing ₹ 12,80,000 accumulated depreciation thereon ₹ 5,30,000 was sold at a loss of ₹ 2,60,000.
You are required to :
- (i) Compute the amount of plant and machinery purchased, sold and depreciation charged for the year.
- (ii) How each of the item related to plant & machinery will be reported in the statement of cash flows.
Solution
All questions of Chapter 4
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About this solution
This is Chapter 4 Cash Flow Statement of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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