From the following information of X Ltd, calculate Cash Flow from Financing Activities. | | April 1, 2021 | March 31, 2022 | |---|---|---| | Long-term Loan | 2,00,000 | 2,60,000 | During the year, the company repaid a loan of Rs. 1,00,000. Long-term loan carried interest rate of 10%. The loan was repaid on 1st April 2021 and a fresh loan was taken on 31st March 2022.

Question

Option 1: Rs. 50,000 outflow

Option 2: Rs. 60,000 inflow

Option 3: Rs. 50,000 inflow

Option 4: Rs. 1,60,000 inflow

AfterBoards · Accepted Answer

The answer is 'Rs. 50,000 inflow'. View full solution:

CUET Accountancy 2022 23 Aug Shift 2 PYQs

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