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In this question of cash flow statement plant and machinery adjustment what I did is different with that of presentation on book also my answer doesn't match can u pls refer where iam doing the mistakes

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Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

24-May-21 08:21

453

Answers (2)

Plant and Machinery balances as given in the Illustration are after deducting accumulated depreciation. So, when you are drawing P&M account, asset amount will be + accumulated depreciation amount


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