Multiple Choice Questions on If the amount of goodwill is Rs 40 000 at the beginning of a year and Rs 48 000 at the end of that y........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

If the amount of goodwill is Rs 40 000 at the beginning of a year and Rs 48 000 at the end of that y...........

General Accounting Principles cash flow statement
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    If the amount of goodwill is Rs 40,000 at the beginning of a year and Rs 48,000 at the end of that year then while preparing cash flow statement its effect on cash flow will be :

    Cash used (Payment) in Investing Activities Rs 8,000

    Correct Answer

    Cash received from operating activities Rs 8,000

    Incorrect Answer

    Cash used (Payment) from Operating Activities Rs 8,000

    Incorrect Answer

    Cash used (Payment) from Financial Activities Rs 8,000

    Incorrect Answer
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    Explanation:

                               Goodwill at the end of year=Rs. 48,000

    less:       Goodwill at the begining of the year=(Rs. 40.000)

     Cash used (Payment) in Investing Activities= Rs   8,000

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