Question : Mention the net amount of 'Source' or 'Use' of cash from the following: 'Issue of shares for Rs.26,00,000 against the purchase of business comprising of Non-Current Assets Rs.24,00,000, Current Assets Rs.4,00,000 and took over Current Liabilities at Rs.2,00,000.
Option 1: Rs 24,00,000
Option 2: Rs 26,00,000
Option 3: Rs 2,00,000
Option 4: Nil, no sources and no use of cash
Correct Answer: Nil, no sources and no use of cash
Solution : Answer = Nil, no sources and no use of cash
There is no flow of cash. Hence, the correct option is 4.
Question : Mention the net amount of 'Source' or 'Use' of cash from the following: 'Issue of shares for Rs.26,00,000 against the purchase of business comprising of Non-Current Assets Rs.24,00,000, Current Assets Rs.4,00,000 and took over Current Liabilities at
Question : A firm has a Current Ratio of 3.5: 1 and a Quick Ratio of 2: 1. If its inventory is Rs.75,000, total current assets and total current liabilities are
Question : Mention the net amount of 'source' or 'use' of cash when a fixed asset having book value of Rs.15,000 is sold at a loss of Rs.5,000 -
Question : Mention the net amount of 'Source' or 'Use' of cash when a fixed asset (having a book value of Rs. 25,000) is sold at a loss of Rs. 5,000.
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