The net income reported in the income statement of the year was ₹1,75,000 and depreciation on fixed assets for the year was ₹40,000. The balances of current assets and current liabilities are as follows: Items Opening Ba
CS Executive · Corporate and Management Accounting · PYQS · December 2022
The net income reported in the income statement of the year was ₹1,75,000 and depreciation on fixed assets for the year was ₹40,000. The balances of current assets and current liabilities are as follows: Items Opening Balance (₹) Closing Balance (₹) Inventories 2,00,000 1,80,000 Debtors 1,90,000 2,20,000 Cash 1,60,000 1,40,000 Prepaid Expenses 20,000 15,000 Accounts Payable 1,00,000 85,000 The cash flow from operating activities would be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statements Analysis
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