State with reason whether the following would result in inflow, outflo – InterviewSolution

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1.

State with reason whether the following would result in inflow, outflow or no flow of cash :(i) Charging depreciation on furniture. (ii) Cash withdrawn for bank for office use.

Answer»

(i) It would not result in any flow of cash as it is a non-cash transaction or item.

(ii) It would not result in any flow of cash as it is the movement between two items of cash and cash equivalents itself.

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