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Question No. 11-14: 11. The amount of Cash Flow from operating activity is: (A) ` 2,000 (B) ` 5,000 (C) ` 12,000 (D) ` 15,000 ADVANCED ACCOUNTING 12 The amount of Cash Flow from investing Activity is (A) ` 28,000 (B) ` 25,000 (C) ` 15,000 (D) ` 22,000 13. What is the amount of closing Cash and Cash equivalents as on 1 April, 2023 ? (A) `1,92,500 (B) ` 92,500 (C) ` 1,27,000 (D) ` 1,98,500 14. The Balance of Equity Share Capital after internal reconstruction is : (A) ` 6,50,000 (B) ` 4,50,000 (C) ` 5,50,000 (D) ` 7,50,000 15. "Fixed Asset held for sale" will be classified in the Balance Sheet as per Schedule III of the Companies Act as: (A) Deferred Tax Assets (B) Current Asset (C) Non-Current Asset (D) Long term Investments

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Detailed Solution & Explanation

The following is the official answer key for the Multiple Choice Questions (MCQs) of Part I of the September 2024 Advanced Accounting paper:

| MCQ No. | Correct Option |
|---|---|
| 1 | B |
| 2 | C |
| 3 | A |
| 4 | D |
| 5 | A |
| 6 | C |
| 7 | A |
| 8 | C |
| 9 | B |
| 10 | B |
| 11 | B |
| 12 | D |
| 13 | A |
| 14 | C |
| 15 | B |

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