Question 43 Chapter 5 of +2-B – USHA Publication 12 Class

Question 43 Chapter 5 of +2-B
Q-43- CH-5 Book 2 - Usha Publisher +2 Book 2019 - Solution

Question 43 Chapter 5 of +2-B

Cash Flow From Financing Activities

43. (Cash Flow from Financing Activities) From the following particulars of Tushar Ltd., calculate Cash Flows from Financing Activities :

Particulars  2017 ₹ 2018 ₹ Particulars  2017 ₹ 2018 ₹
Equity Share Capital  6,00,000 8,00,000 Discount on Issue of Debentures  5,000 6,000
18% Pref. Share Capital  4,00,000 2,00,000 Underwriting commission on Issue of Shares  10,000
Securities Premium Reserve  1,00,000 1,30,000      
14% Debentures  2,00,000 3,00,000      

Additional Information :
1. Preference Dividend on preference shares and an interim Dividend @15% were paid on equity shares on 31.12.2018
2. Preference shares were redeemed on 31.12.2018 at a premium of 5%. Such premium has been provided out of profits.
3. New shares and debentures were issued on 31.12.2018

The solution of Question 43 Chapter 5 of +2-B: – 


Cash Flow From Financing Activities
Particulars
Rs
The inflow of cash :    
Add: Issue equity shares 2,00,000  
Securities Premium Reserve Received 30,000  
Cash from Debentures 10,000 2,20,000
    2,20,000
The outflow of cash :    
Less: Underwriting Commission 10,0000  
Discount on Debentures 1,000  
Redemption of Preference Shares 2,00,000  
Premium on Redemption 10,000  
Preference Dividend Paid (18% of ₹ 4,00,000) 72,000  
Interest paid on Debentures (14% of ₹ 2,00,000) 28,000  
Interim dividend paid (15% of ₹ 6,00,000) 90,000 4,11,000
Net used in From Financing Activities   81,000




Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statement

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