State with reason whether ‘Purchase of fixed asset on long term deferred payment’ would result in inflow, outflow or no flow of cash. Post category:Accountancy Reading time:1 mins read SOLUTION There is no flow of cash because purchase of fixed asset on credit will not affect cash. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive one transaction which may result into outflow of cash and one which may result into no flow of cash. Next PostGive any one example of an activity, which is an investing activity for even type of enterprise. (C.B.S.E. 2017, Comptt.) You Might Also Like X, Y and Z are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Y retires and at the time of Y’s retirement, goodwill is valued at Rs. 84,000. X and Z decided to share future profits in the ratio of 2 : 1. Pass the necessary Journal entries through Goodwill Account. August 3, 2022 Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares of Rs. 100 each as fully paid. Further, the company issued 4,000 Equity Shares to public. The shares were payable as: Rs. 30 on application; Rs. 30 on allotment; Rs. 40 on first and final call. July 14, 2022 Amount raised by a company by debenture is loan or capital? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.