In the books of ABC Ltd. the balance of 5% Debentures of the face value ₹100 each at the beginning of the year was ₹1,00,000 and at the end it was ₹70,000. At the end of the year ₹20,000, 5% Debentures were redeemed by p
CS Executive · Cost and Management Accounting · PYQS · December 2019
In the books of ABC Ltd. the balance of 5% Debentures of the face value ₹100 each at the beginning of the year was ₹1,00,000 and at the end it was ₹70,000. At the end of the year ₹20,000, 5% Debentures were redeemed by purchase from open market @ ₹96 each. Ignoring other transactions, calculate net fund flow from transaction relating to 5% Debentures :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Funds Flow Statement
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