From the following details find out the funds from operations: Net Profit after Tax Rs. 48,000 Depreciation Rs. 30,000 Loss on Sale of Outdated Machinary : Rs. 4000

Related MCQs

• From the following details find out the fund from operations PAT Rs. 2,500 Accumulated Depreciation Rs. 2,900 Retained Earning Rs. 4,200 Goodwill Written off Rs. 300 Profit on Sale of Fixed Assets Rs. 200
• Loss on sale of Fixed Assets / Investment will be shown on the credit side of adjusted profit and loss account.
• For Ram Industries, the balance of property has beenRs 20,000 and Rs 17,000 in 2018 and 2019 respectively. The profit on sale of property of Rs 2000 is credited to Capital Reserves Account. New property costing Rs 5000 bought in 2019. Determine sale proceeds forproperty.
• Funds Flow Statement indicates the necessity of arranging external funds in advance if projected outflow is more than inflow.
• Funds flow statement being based on ________________, which is of limited utility for future planning is a limitation of funds flow statement.
• When a part of the Fixed Assets is sold during the year, the Profit on sale is shown on the credit side of which Account?
• Among the following items which item is shown on the debit side of Adjusted Profit and Loss Account?
• The balances of Provision for Taxation were Rs. 20000 and Rs. 15000 in 2019 and 2020 respectively, if in the current year taxed paid were Rs. 10000 then what will be the current year provision for tax made from profit?
• A statement demonstrating the movement of funds into and out of the business during the course of accounting period is known as ___________
• There are basically two approaches to find out NPV of a foreign based project’s capital budgeting exercise. Which are those two?