Question :
Which of the following transactions will result into 'Inflow of Cash' ?
Option 1: Deposited Rs.10,000 into bank
Option 2: Withdrew cash from bank Rs.14,500
Option 3: Sale of machinery of the book value of Rs.74,000 at a loss of Rs.9,000
Option 4: Converted Rs.2,00,000, 9% debentures into equity shares
Answer (1)
24th Jan, 2024
Correct Answer: Sale of machinery of the book value of Rs.74,000 at a loss of Rs.9,000
Solution : Inflow of cash will be Rs.65000. i.e. 74000-9000 = 65000
Hence the correct answer is option 3.
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