Study the following transactions
I. Raising of short-term loans
II. Goods purchased for cash
III. Payment of bonus in the form of shares
IV. Issue of shares in lieu of raw materials
The flow of funds is
A. I, II, III and IV
B. II, III and IV
C. III and IV
D. Only IV
Answer: Option B
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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