1.

State which fo the following would result in inflow/outflow of Cash or Cash Equivalents: (i) Purchase of Inventory for cash. (ii) Purchase of goods on credit. (iii) Sale of Goods costing Rs. 10,000 for Rs. 12,000 for cash. (iv) Sale fo Goods on Credit. (v) Purchase of a fixed asset by issue of shares.

Answer»

State which fo the following would result in inflow/outflow of Cash or Cash Equivalents:
(i) Purchase of Inventory for cash.
(ii) Purchase of goods on credit.
(iii) Sale of Goods costing Rs. 10,000 for Rs. 12,000 for cash.
(iv) Sale fo Goods on Credit.
(v) Purchase of a fixed asset by issue of shares.



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