Credit purchases 2000000 and cash purchases are 25% of total purchases. Find out the cash flows on account of various activities.
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Answer:
cash flow of account is 2000000\25% =2500000
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Net cash outflows is 6,66,667.
Explanation:
Given:
Credit Purchases =20,00,000
Cash Purchases = 25% (Total Purchase)
Credit Purchase = 100% (Total purchase) - 25%(Cash purchase )
= 75% (Total Purchase)
Computation of Total Purchase :
Total purchase = credit purchase x (100/75)
= 20,00,000 x (100/75)
= 26,66,667
Cash Purchase = Total purchase - credit purchase
= 26,66,667 - 20,00,000
Cash purchase = 6,66,667
Net cash outflows is , 6,66,667.
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