A company sells old plant for Rs. 12,000 cash. The book value of the plant is Rs. 7,000. This transaction would affect: Options: A . &nbsp Investing activities B . &nbsp Financing activities C . &nbsp Both investing and financing activities D . &nbsp None of these

A company sells old plant for Rs. 12,000 cash. The book value of the plant is

Question -

A company sells old plant for Rs. 12,000 cash. The book value of the plant is Rs. 7,000. This transaction would affect:

Options:

A . Investing activities

B . Financing activities

C . Both investing and financing activities

D . None of these

Answer: Option A
:
A

This transaction would affect investing activities since it is related to fixed assets

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