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

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

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

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

Particulars31-3-202231-3-2021
Equity share capital8,00,0006,00,000
12% preference share capital2,00,000
14% debentures1,00,000

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)

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

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

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