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Commerce · Q869

Accounting

Graduate and Post Graduate · Commerce · question 869

Q869

Given, Net Loss Rs. 20,000 Depreciation on machinery Rs. 50,000 Amortisation of Goodwill Rs. 5,000 Loss on sale of old furniture Rs. 3,500 Profit on sale of land Rs. 8,500 Provision for Bad Debts Rs. 2,500 Funds from operation are

Given,
Net Loss Rs. 20,000
Depreciation on machinery Rs. 50,000
Amortisation of Goodwill Rs. 5,000
Loss on sale of old furniture Rs. 3,500
Profit on sale of land Rs. 8,500
Provision for Bad Debts Rs. 2,500

Funds from operation are
A.
Rs. 25,000
B.
Rs. 30,000
Answer
C.
Rs. 32,500
D.
Rs. 38,500

Answer: Option B

Solution

Answer: Option B
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