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CFS-basic doubt

Accountancy

Profit on sale of assets, securities premium arising out of rights issue is cash inflow r outflow?

K Ca

CA Final

★ 19K+

11-May-22 10:16

329

Answers (3)

It is inflow only na. How it will be outflow?

Likhitha Sivani

CA Final

★ 14K+

11-May-22 10:21

It is inflow because cash is coming to you . If you sell an asset and get profit then cash is flowing to you so it is inflow.

Umayal Lakshmanan

CA Final

★ 6K+

11-May-22 10:47

Yeah but got confused bcos of this book

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K Ca

CA Final

★ 19K+

11-May-22 10:54