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Question
Balance Sheet (Extract)
| Liabilities | 30-03-2018 (₹) | 31-03-2017 (₹) |
| Fixed Assets | 23,80,000 | 17,50,000 |
Depreciation on fixed assets was ₹ 2,00,000 for the year. How much amount for 'Purchase of fixed assets' will be shown in investing activity for cash flow statement prepared on 31st March, 2018?
Options
Outflow ₹ 8,30,000
Inflow ₹ 42,600
Outflow ₹ 6,30,000
None of these
MCQ
Solution
Outflow ₹ 8,30,000
Explanation:
Cash Outflow = Value of Fixed Assets on 31/3/2018 - Value of Fixed asset on 31/3/2018 + Depredation
= ₹ 23,80,000 - ₹ 17,50,000 + ₹ 2,00,000
= ₹ 8,30,000
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