Mention the net amount of ‘Source’ or ‘Use’ of cash when a fixed asset (having book value of Rs. 15,000) is sold at a loss of Rs. 5,000.

Mention the net amount of ‘Source’ or ‘Use’ of cash when a fixed asset (having book value of Rs. 15,000) is sold at a loss of Rs. 5,000.

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Source Rs. 10,000.

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