Question : Cash received from trade receivable Rs. 20,000; would result in inflow/outflow/no flow of Cash and Cash Equivalents:
Option 1: Inflow
Option 2: outflow
Option 3: No flow
Option 4: None of the above
Answer (1)
17th Jan, 2024
Correct Answer: Inflow
Solution : Answer = Inflow of cash
Cash received from trade receivables of Rs. 20,000 would result in an inflow of cash and cash equivalents. This cash inflow represents the collection of outstanding receivables, increasing the company's available cash and cash equivalents.
Hence, the correct option is 1.
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