Question 28 Chapter 8 -Unimax Publication Class 12 Part 2

Question 28 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021

Table of Contents

The solution of Question 28 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –

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

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

28. from the following activities, calculate cash flows from financing activities:

Particulars	31-3-2022	31-3-2021
Equity share capital	8,00,000	6,00,000
12% preference share capital	–	2,00,000
14% debentures	1,00,000	–

Additional information:
(I)equity shares were issued at a premium of 15%.
(II)12% preference shares were redeemed at a premium of 15%.
(III)14% debentures were issued at a discount of 1%.
(IV)interim dividend paid on equity shares 90,000.
(V)dividend paid on old preference shares 24,000.
(VI)interest paid on debentures shares 24,000.
(VII)underwriting commission of equity shares 10,000.

The solution of Question 28 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : –

Cash flow from statement

Particulars	₹
Cashflow from financing activities
Proceeds from issue of equity share capital
(2,00,000+30,000 (Sect. Premium)-10,000 (underwriting commission)	2,20,000
Redemption of preference shares
[2,00,000 + premium on redemption (10,000)]	(2,10,000)
proceeds from issue of debenture (1,00,000)	99,000
Interest dividend paid on equity shares	(90,000)
dividend paid on preference shares	(24,000)
Interest paid on debentures	(14,000)
net cash used in financing activities	(19,000)