For computing Cash from Operating activities using indirect method, non-operating items are adjusted to Net Profit. Transfer to General Reserve (B) is added back as it is an appropriation of profit, and Gain on sale of machinery (D) is deducted as it is an investing activity gain. Purchase of Goodwill is investing; Issue of shares is financing.
Following items are categorised under Operating Activities: A. Purchase of Goodwill B. Transfer to General Reserve C. Issue of fresh shares D. Gain…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
Following items are categorised under Operating Activities:
A. Purchase of Goodwill
B. Transfer to General Reserve
C. Issue of fresh shares
D. Gain on sale of machinery
Choose the correct answer from the options given below:
Official previous-year question
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Options
- A
B and D only
- B
A and B only
- C
A and D only
- D
B and C only
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