1.

If sale of fixed asset is 200,000 and issue of shares for cash is 200000 and purchase of fixed asset is 100000 find net cash

Answer»

ANSWER:

PROCEEDS from sale of FIXED ASSET = 2,00,000

+

Proceeds from issue of shares = 2,00,000

-

Payment for purchase of Fixed Asset = (1,00,000)

NET Cash = 3,00,000



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