The balance in Plant & Machinery account at the beginning of the accounting year was ₹1,80,000 and at the end was ₹2,60,000. During the year, an old machinery which had cost of ₹12,000 (accumulated depreciation there
CS Executive · Corporate and Management Accounting · PYQS · December 2022
The balance in Plant & Machinery account at the beginning of the accounting year was ₹1,80,000 and at the end was ₹2,60,000. During the year, an old machinery which had cost of ₹12,000 (accumulated depreciation thereon ₹9,000) was sold for ₹8,000. The net/overall flow of fund from plant & machinery, if the current year depreciation was ₹22,000, is:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Statements Analysis
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