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In the balance sheet of Praveen for 2013 and 2014, 4% debentures are Rs 5,00,000 and Rs 4,00,000, respectively. Profit on redemption of debentures in 2013 is nil while in 2014 is Rs 4,000. What is the amount of redemption for the purpose of funds flow statement?
Rs 96,000
Rs 1,04,000
Rs 9,00,000
Rs 9,04,000
balance sheet for 2013, 4% debentures= Rs 5,00,000
balance sheet for 2014, 4% debentures= Rs 4,00,000
balance 4% debentures for 2014 =Rs. 1,00,000
outflow of the company would be 100000-4000(profit on redemption)= Rs. 96,000.
the company shows the net outflow of Rs. 96000 in the application of funds
By: SWAPNIL AGGARWAL ProfileResourcesReport error
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