A company reported current year profit as ₹70,000 after the following adjustments: Loss on sale of equipment: ₹9,000 Premium on debenture redemption: ₹1,500 Tax provision: ₹22,000 Dividend income: ₹4,000 Profit on revalu
CS Executive · Cost and Management Accounting · PYQS · June 2016
A company reported current year profit as ₹70,000 after the following adjustments: Loss on sale of equipment: ₹9,000 Premium on debenture redemption: ₹1,500 Tax provision: ₹22,000 Dividend income: ₹4,000 Profit on revaluation of fixed asset: ₹2,500 The amount of fund from operations will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Fund Flow Statement
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