Question 27 Chapter 8 -Unimax Publication Class 12 Part 2 - 2021

Question 27 Chapter 8 - Unimax Publication Class 12 Part 2 - 2021

27. the following are the balance sheet of Sunita Ltd.

Particulars	31-3-2021	31-3-2022
I. Equity and liabilities
Share capital	5,00,000	5,00,000
Balance of profit & loss	60,000	80,000
15% debentures	2,00,000	3,00,000
Int. on debentures	-	10,000
ii. Assets
Other assets
Discount on debentures	1,00,000	1,50,000

Show how the related items in cash flow statement.
Discount on the issue of debentures written off during the year was 20,000 and new debentures were issued on 31st march 2022.

The solution of Question 27 Chapter 8 - Unimax Publication Class 12 Part 2-2021 : -

 Cash flow from statement
For the year 31-3-22

Particulars	Debit	₹
(A)cash flow from operating activities
Net profit as per balance sheet (80,000-60,000)	20,000
Add: discount on debentures	20,000
Add: int. on debentures 2,00,000x 5/100	30,000
Net cash from operating activities	70,000	70,000
(B)Cash flow from financing activities
Proceeds from long term borrowing	30,000
Int. paid on debentures (30,000-10,000)	(20,000)
Net cash from financing activities	10,000	10,000

Discount on issue of debentures A/C

Particulars	₹	Particulars	₹
To balance b/d	1,00,000	By profit & loss a/c (written off)	20,000
To 15% debenture	70,000	By balance c/d	1,5,000
	1,70,000		1,70,000

15% Debentures Account

Particulars	₹	Particulars	₹
To balance c/d	3,00,000	By balance b/d	20,00,000
		By bank A/c (BF)	30,000
		By discount on issue of debentures	70,000
	3,00,000		3,00,000

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Unimax Publication - Accountancy PSEB Class 12 - Volume I - Solution

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Unimax Publication - Accountancy PSEB (Class 12) - Part - II - Solution

• Chapter No. 1 – Company Accounts (Share Capital)
• Chapter No. 2 – Company Accounts (Issue of Debentures)
• Chapter No. 3 – Company Accounts (Redemption of Debentures)
• Chapter No. 4 – Financial Statements of a Company
• Chapter No. 5 – Financial Statement Analysis
• Chapter No. 6 –  Tools of Financial Statement Analysis- Comparative and Common Size  
• Chapter No. 7 – Ratio Analysis
• Chapter No. 8 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication