Capital gain tax is directly related to the sale of a fixed asset, which is an investing activity. Therefore, the tax paid on such capital gain is classified along with the related activity as a Cash outflow from Investing Activities.
CUET UG 2023 — Accountancy Financial Statements
Capital gain tax paid on sale of fixed assets should be classified as _______
Held on 29 May 2023 · Verified 13 Jul 2026.
Cash inflow from Operating Activities
Cash outflow from Operating Activities
Cash inflow from Investing Activities
Cash outflow from Investing Activities
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Profit before interest and tax-
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Work through every CUET UG Financial Statements PYQ, year by year.