Z Ltd. had the investment of ₹34 lakh as on 31st March, 2020 and that of ₹40.50 lakh as on 31st March, 2021. During the year the company sold 30% of its original investments at a profit of ₹4.80 lakh. The Cash Inflow and
CS Executive · Corporate and Management Accounting · PYQS · June 2022
Z Ltd. had the investment of ₹34 lakh as on 31st March, 2020 and that of ₹40.50 lakh as on 31st March, 2021. During the year the company sold 30% of its original investments at a profit of ₹4.80 lakh. The Cash Inflow and Cash Outflow from the investment are:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Corporate Accounting
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