Margin of safety Rs. 80,000/-      Profit Rs.20,000/-           Sales Rs. 3,00,000/- What is the amount of the fixed cost?  

What is the amount of the gross profit?    

(i) Trade receivables (ii) Cash (iii) Furniture and fittings (iv) Investment in shares and debentures Codes:  

Assertion (A): Cash flow statement as per the financial statements as well is incapable in revealing the overall financial position of a firm. Reasoning (R): Cash is an important constituent of the working capital based on the recorded facts only.