Question : From the following information, find out the actual amount of expenditure to be shown in Income and Expenditure A/c:

Expenses paid during the year 140,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year 24,000

Expenses prepaid at the end of the year 16,000

Expenses outstanding at the beginning of the year 18,000

Option 1: Rs 1,60,000

Option 2: Rs  1,42,000

Option 3: Rs 2,40,000

Option 4: Rs 40,000

Question : From the following information, find out the actual amount of expenditure to be shown in Income and Expenditure A/c:

Expenses paid during the year 140,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year 24,000

Expenses prepaid at the end of the year 16,000

Expenses outstanding at the beginning of the year 18,000

Option 1: Rs 1,60,000

Option 2: Rs  1,42,000

Option 3: Rs 2,40,000

Option 4: Rs 40,000

Question : From the following information find out the actual amount of expenditure to be shown in the Assets side of the closing Balance Sheet:

Expenses paid during the year 1,40,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year 24,000

Expenses prepaid at the end of the year 16,000

Expenses outstanding at the beginning of the year 18,000

Option 1: Expenses paid during the year 1,40,000

Option 2: Expenses outstanding at the end of the year 30,000

Option 3: Expenses prepaid at the beginning of the year 24,000

Option 4: Expenses prepaid at the end of the year 16,000

Question : From the following information find out the actual amount of expenditure to be shown in the Assets side of the closing Balance Sheet:

Expenses paid during the year 1,40,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year 24,000

Expenses prepaid at the end of the year 16,000

Expenses outstanding at the beginning of the year 18,000

Option 1: Expenses paid during the year 1,40,000

Option 2: Expenses outstanding at the end of the year 30,000

Option 3: Expenses prepaid at the beginning of the year 24,000

Option 4: Expenses prepaid at the end of the year 16,000

Question : Sale of fixed assets (Book value Rs. 50,000 ) at a loss of Rs. 5,000, would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: inflow - cash increased by Rs, 45,000

Option 2: outlow- cash decreased by Rs 45,000

Option 3: Inflow- cash increased by Rs 50,000

Option 4: Outflow - cash decreased by Rs 45,000