CUET Accountancy - Following items are categorised under Operating Activities: A. Purchase of Goodwill B. Transfer to General Reserve C. Issue of fresh shares D. Gain on sale of machinery Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2022 20 Aug Shift 2

Financial Statements

Medium

B and D only

A and B only

A and D only

B and C only

✅ Correct Option: 1

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Cave Ltd. made a profit of Rs. 1,50,000 after charging depreciation of Rs. 30,000 on assets and a transfer to general reserve of Rs. 30,000. The Goodwill amortised was Rs. 9,000 and gain on sale of machinery was Rs. 5,000. Operating profit before working capital changes will be :

CUET Accountancy 2022 20 Aug Shift 2 PYQs

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