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A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2021 · Q171 Mark

The following relates to a limited company during a year. $ repayment of a debenture 200 000 receipt from issue of ordinary shares 500 000 non-current assets purchased by cheque 300 000 net book value of disposals 50 000 disposal proceeds 60 000 revaluation surplus 20 000 What was the total net cash inflow arising from these?

A$60000
B$70000
C$80 000
D$110000

✓ Correct answer

A: $60000

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About this question

Topic
Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Feb/Mar 2021 Paper 1 Variant 2, question 17.

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