Plant and machinery original costing ₹13,55,000 (accumulated depreciation ₹7,28,000) was sold at a profit of ₹1,59,000 during the year 2019-20. The amount of cash flow from this transaction would be :
CS Executive · Corporate and Management Accounting · PYQS · June 2022
Plant and machinery original costing ₹13,55,000 (accumulated depreciation ₹7,28,000) was sold at a profit of ₹1,59,000 during the year 2019-20. The amount of cash flow from this transaction would be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Corporate Accounting
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