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If a machinery of value 20000 …

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If a machinery of value 20000 is sold for 24000 and the profit earned was included in statement of profit and loss than what will be the treatment in cash flow statement

Posted by Mohd Affan Shah 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Rajip Chowdhury 6 years, 10 months ago

The sale value of machine will be added in investing activity and profit obtained will be subtracted from operating activity.because profit on sale of fixed asset is a abnormal gain and thus has to be excluded from operating activity.thanx

Harika Muskan 6 years, 10 months ago

4000 will be deducted in operating activity.

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