A part of fixed Assets costing Rs. 2,00,000 (Book value Rs. 1,50,000) was sold at a gain of Rs. 10,000. How it will affect the cash flow statement?

Question

Option 1: Inflow Rs. 1,60,000 in Investing Activities and Add Rs. 10,000 in Operating Activities

Option 2: Inflow Rs. 1,60,000 in Investing Activities and less Rs. 10,000 in Operating Activities

Option 3: Inflow Rs. 2,10,000 in Investing Activities Add Rs. 10,000 in Operating Activities

Option 4: Inflow Rs. 2,10,000 in Investing Activities and Less Rs. 10,000 in Operating Activities

AfterBoards · Accepted Answer

The answer is 'Inflow Rs. 1,60,000 in Investing Activities and less Rs. 10,000 in Operating Activities'. View full solution:

CUET Accountancy 2023 29 May Shift 2 PYQs