PQR Ltd. have the following balances : Investment at the end of the year 2017-18 ₹85,000, Investment at the end of the year 2018-19 ₹70,000. During the year the company had sold 40% of its original investment at a profit
CS Executive · Cost and Management Accounting · PYQS · June 2019
PQR Ltd. have the following balances : Investment at the end of the year 2017-18 ₹85,000, Investment at the end of the year 2018-19 ₹70,000. During the year the company had sold 40% of its original investment at a profit of 50%. What will be the amount of cash inflow and cash outflow from the investment:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statement Analysis
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