In funds flow statement sale of fixed assets is ........

General Accounting Principles Fund flow statement

Download Solution PDF

In funds flow statement, sale of fixed assets is ___________.

applications of funds.

sources of cash.

applications of cash.

Sources of funds

छोटे Courses बड़े Results

Master Fund flow statement

Prepare through Micro-courses

Try Now

Explanation:

When any Fixed Asset (i.e. Plant and Machinery, Land and Building, Furniture and Fittings etc.) is acquired or purchased, the same is treated as an ‘Application of Funds’. Similarly, when the same is sold, it is an item of ‘Sources of Fund’