Sale proceeds = Book value + Gain =1,50,000+10,000=1,60,000, shown as inflow from Investing Activities. The gain of Rs. 10,000 is non-operating, so it is deducted (less) from net profit while computing cash from Operating Activities under the indirect method.
A part of fixed Assets costing Rs. 2,00,000 (Book value Rs. 1,50,000) was sold at a gain of Rs. 10,000. How it will affect the cash flow statement?
CUET UG 2023 — Accountancy Financial Statements
2023mcqmedium
A part of fixed Assets costing Rs. 2,00,000 (Book value Rs. 1,50,000) was sold at a gain of Rs. 10,000. How it will affect the cash flow statement?
Official previous-year question
Held on 29 May 2023 · Verified 13 Jul 2026.
Options
- A
Inflow Rs. 1,60,000 in Investing Activities and Add Rs. 10,000 in Operating Activities
- B
Inflow Rs. 1,60,000 in Investing Activities and less Rs. 10,000 in Operating Activities
- C
Inflow Rs. 2,10,000 in Investing Activities Add Rs. 10,000 in Operating Activities
- D
Inflow Rs. 2,10,000 in Investing Activities and Less Rs. 10,000 in Operating Activities
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