?
The following is the position of current assets and current liabilities:
|
31st December, 94 |
31st December, 95 |
| Debtors |
Rs. 30,000 |
Rs. 24,000 |
| Creditors |
Rs. 20,000 |
Rs. 30,000 |
| Stock |
Rs. 16,000 |
Rs. 20,000 |
| Prepaid expenses |
Rs. 8,000 |
Rs. 12,000 |
Profit made during the year Rs. 5,00,000 after considering the following items:
| Depreciation on plant |
Rs. 20,000 |
| Preliminary expenses written off |
Rs. 10,000 |
| Transfer to general reserve |
Rs. 14,000 |
| Profit on sale of land |
Rs. 6,000 |
The cash from operations is:
Answer & Solution
Correct Answer:
Option
B
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