hello friends. please help me. i am not able to solve two questions. i am writting the questioins and and sekking for the correct answers from you along with explaination.
Q1) A company has the following balances-
Rs. 68,000 investment as on 31.3.2008
Rs. 56,000 investment as on 31.3.2009
During the year the company has sold 40% of its investment held in the beginning of the period at a profit of Rs. 16,800.
Calculate cash flow from investing activities.
Q2) The Share Capital of X Ltd. stood at Rs. 20,00,000 in 2008 and at Rs. 26,00,000 in 2009. It is gathered from the records that the company purchased assets of another company for Rs. 6,00,000 payable in fully paid share. These assets consist of the stock Rs. 2,16,400 , machinery Rs. 1,83,600 and goodwil Rs. 2,00,000.
Find out the fund from issue of shares.
friends your help is required. kindly resolve my queries soon.
thanks.
regards,
hardik dave.
CAclubindia
