During the year a business sold one of its old delivery vans, realising a profit on disposal
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During the year a business sold one of its old delivery vans, realising a profit on disposal of £1,100. The van had a carrying amount as at the date of disposal of £8,000. What figure for proceeds from the disposal of non-current assets will appear in this business’s statement of cash flows?
(A) £8,000
(B) £6,900
(C) £9,100
(D) £1,100
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Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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