Question : Mention the net amount of 'Source' or 'Use' of cash when a fixed asset (having a book value of Rs. 25,000) is sold at a loss of Rs. 5,000.

Option 1: Sources Rs 20,000

Option 2: Sources Rs 25,000

Option 3: Used Rs 20,000

Option 4: None of the above

Question : Mention the net amount of 'source' or 'use' of cash when a fixed asset having book value of Rs.15,000 is sold at a loss of Rs.5,000 - 

Option 1: Use Rs.5,000

Option 2: Source Rs.10,000

Option 3: Use 10,000

Option 4: Source Rs.5,000

Question : Mention the net amount of 'Source' or 'Use' of cash from the following: 'Issue of shares for Rs.26,00,000 against the purchase of business comprising of Non-Current Assets Rs.24,00,000, Current Assets Rs.4,00,000 and took over Current Liabilities at Rs.2,00,000.

Option 1: Rs 24,00,000

Option 2: Rs 26,00,000

Option 3: Rs 2,00,000

Option 4: Nil, no sources and no use of cash

Question : Mention the net amount of 'Source' or 'Use' of cash from the following: 'Issue of shares for Rs.26,00,000 against the purchase of business comprising of Non-Current Assets Rs.24,00,000, Current Assets Rs.4,00,000 and took over Current Liabilities at Rs.2,00,000.

Option 1: Rs 24,00,000

Option 2: Rs 26,00,000

Option 3: Rs 2,00,000

Option 4: Nil, no sources and no use of cash

Question : Apple Ltd. has Machinery written down value of which On 1st April 2019 was Rs 6,60,000 and on 31st March 2020 was Rs 7,50,000. Depreciation for the year was Rs 40,000. At the beginning of the year, an item of machinery was sold for Rs 25,000 which had a written-down value of Rs 20,000
Question:
Calculate gain/loss on the sale of machinery.

Option 1: Rs 5,000 profit

Option 2: Rs 5,000 loss

Option 3: Rs 3,000 profit

Option 4: None of the above