Pooja Ltd. had the investment of ₹68 lakh as on 31st March, 2018 and that of ₹81 lakh as on 31st March, 2019. During the year the company had sold 30% of its original investment at a profit of ₹9,60,000. The cash inflow
CS Executive · Corporate and Management Accounting · PYQS · December 2019
Pooja Ltd. had the investment of ₹68 lakh as on 31st March, 2018 and that of ₹81 lakh as on 31st March, 2019. During the year the company had sold 30% of its original investment at a profit of ₹9,60,000. The cash inflow and outflow from investment will be:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Accounting
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