Numerical on funds flow statements
Q. In the balance sheet of Praveen for 2013 and 2014, 4% debentures are Rs 5,00,000 and Rs 4,00,000, respectively. Profit on redemption of debentures in 2013 is nil while in 2014 is Rs 4,000. What is the amount of redemption for the purpose of funds flow statement?- Published on 14 Sep 15a. Rs 96,000
b. Rs 1,04,000
c. Rs 9,00,000
d. Rs 9,04,000
ANSWER: Rs 96,000