Question
Identify the following items as inflow/ outflow. Also give reason for your choice.
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a.
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Raw material.
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b.
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Depreciation.
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c.
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Machinery purchased.
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d.
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Loan from bank.
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e.
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Equity shares issued.
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f.
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Excise duty paid.
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g.
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Profit on sale of asset.
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h.
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Interest received on investments.
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