Mithu Ltd. had the investment as on 31-3-18 and 31-3-19 were ₹10,95,000 and ₹10,82,000 respectively. During the year interest on investment received ₹77,000 which was used in writing down the book value of investments. I
CS Executive · Corporate and Management Accounting · PYQS · December 2019
Mithu Ltd. had the investment as on 31-3-18 and 31-3-19 were ₹10,95,000 and ₹10,82,000 respectively. During the year interest on investment received ₹77,000 which was used in writing down the book value of investments. If there were some purchases of investment, then the cash flow from investment and from interest would be:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Accounting
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