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Commerce · Q1547

Accounting

Graduate and Post Graduate · Commerce · question 1547

Q1547

Net loss Rs. 20,000 Depreciation on Machinery Rs. 50,000 Amortisation of goodwill Rs. 5,000 Loss on the sale of old furniture Rs. 3,500 Profit on the sale of land Rs. 8,500 Funds from operation are

Net loss Rs. 20,000
Depreciation on Machinery Rs. 50,000
Amortisation of goodwill Rs. 5,000
Loss on the sale of old furniture Rs. 3,500
Profit on the sale of land Rs. 8,500

Funds from operation are
A.
Rs. 25,000
B.
Rs. 30,000
Answer
C.
Rs. 32,000
D.
Rs. 36,500

Answer: Option B

Solution

Answer: Option B
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