The assets of another company were purchased for ₹60,000 payable in fully paid shares of a company. These assets consisted of stock ₹22,000, machinery ₹18,000 and goodwill ₹20,000. In addition, sundry purchases of plant

CS Executive · Cost and Management Accounting · PYQS · December 2019
The assets of another company were purchased for ₹60,000 payable in fully paid shares of a company. These assets consisted of stock ₹22,000, machinery ₹18,000 and goodwill ₹20,000. In addition, sundry purchases of plant were made for ₹5,650. How much amount should be shown in fund flow statement under plant and machinery purchase application?
(A) ₹18,000
(B) ₹23,650
(C) ₹5,650
(D) ₹43,650

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Funds Flow Statement

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