Practicing Success
Which of the following is source of cash? |
Cash deposited into Bank Cash withdrawn from Bank Sale of Goods costing Rs10,000 for Rs8,000 All of the above |
Sale of Goods costing Rs10,000 for Rs8,000 |
Cash deposits/withdrawals are neither inflow nor outflow of cash. The sale of Goods costing Rs10,000 for Rs8,000 makes the inflow of cash. Even the goods are sold at a loss but cash came to the business. |