Question

1 point
Q24. Mention the net amount of
'Source' or 'Use' of cash when a
fixed assets having book value of
Rs. 15,000 is sold at at loss of
RS.5,000. *
Use RS. 5,000
Use Rs. 15,000
Source Rs. 10,000
Source Rs. 15,000​

Answer 1

Answer:

Concept-

Fixed assets after a period of time are sold at a profit/loss.

Solution-

When the Assets is sold at loss of Rs 5000, 10,000 is received.

The correct answer is C) Source Rs 10,000.