If Closing balance of Profit and Loss Account is ₹50 Lakh, Depreciation is ₹5 Lakh, Goodwill written off is ₹15 Lakh, Non-operating income is ₹10 Lakh and Opening balance of Profit and Loss Account is ₹15 Lakh, funds fro

CS Executive · Cost and Management Accounting · PYQS · December 2018
If Closing balance of Profit and Loss Account is ₹50 Lakh, Depreciation is ₹5 Lakh, Goodwill written off is ₹15 Lakh, Non-operating income is ₹10 Lakh and Opening balance of Profit and Loss Account is ₹15 Lakh, funds from operations will be :
(A) ₹45 Lakh
(B) ₹35 Lakh
(C) ₹55 Lakh
(D) ₹40 Lakh

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Funds Flow Statement

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