Accountancy, asked by bentblady5971, 7 months ago

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

Answers

Answered by saurabhsalil

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

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