Question
A company purchased machinery worth ₹5 lakh during the
year and repaid a long-term loan of ₹3 lakh. It generated ₹12 lakh from operations. What is the net change in working capital, if opening and closing working capital were ₹4 lakh and ₹6 lakh respectively?Solution
Change in working capital = Closing – Opening = ₹6 lakh – ₹4 lakh = ₹2 lakh (Increase) This is shown as an application of funds in the fund flow statement.
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
Which of the following statements about a Ceding Company in insurance is true?
ABC sports material manufacturing company budgeted the following data for the coming year:
Sales (1,00,000 units) = ₹1,00,000
Variable c...
Which of the following statement is not true with regards to a bearer plant as per IND AS 16:
For an Asset Reconstruction Company (ARC), after how many days of overdue does a receivable get classified as a Non-Performing Asset (NPA) in its books?
Which section deals with TDS on cash withdrawals?
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
Goodwill is considered as:
Read the following information to answer the below questions:
What is the primary function of the National Payments Corporation of India (NPCI)?
