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Home Questions KZWVKXRSNP
Target Exam

CUET

Subject

Accountancy

Chapter

Cash Flow Statement

Question:

A plant whose original cost was Rs 40,000, accumulated depreciation provided till the date of sale was Rs 15,000 was sold at 20% above the book value. Cash flow will be

Options:

₹25000

₹30000

₹80000

₹18000

Correct Answer:

₹30000

Explanation:

Book Value = 40,000 - 15,000
                  = 25000
Sale value = 25,000 + 20% of 25,000
                 = Rs 30,000

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