The balance of fixed assets of Y Ltd at cost at the end of 2013 and 2014 were Rs 5 70 800 and Rs 6 1...........

General Accounting Principles Fund flow statement

The balance of fixed assets of Y Ltd. at cost at the end of 2013 and 2014 were Rs 5,70,800 and Rs 6,15,300. During the year 2014 a machinery costing Rs 60,000 was sold. Determine the purchase of fixed assets.

a) Rs 1,04,500

b) Rs 1,40,500

c) Rs 1,64,500

d) None of the above

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Explanation:

GIVEN:The balance of fixed assets of Y Ltd. at cost at the end of 2013 and 2014 were Rs 5,70,800 and Rs 6,15,300. During the year 2014 a machinery costing Rs 60,000 was sold.

BALANCE OF FIXED ASSET AS ON 2014 =Rs. 6,15,300

BALANCE OF FIXED ASSET AS ON 2013 = Rs. 5,70,800

purchase of fixed assets = Rs. 6,15,300 + Rs. 60,000 -Rs.5,70,800= Rs.1,04,500