Question

If sale of fixed asset is 200,000 and issue of shares for cash is 200000 and purchase of fixed asset is 100000 find net cash

Answer 1

Answer:

Proceeds from sale of fixed asset = 2,00,000

+

Proceeds from issue of shares = 2,00,000

-

Payment for purchase of Fixed Asset = (1,00,000)

Net Cash = 3,00,000