Question 43 Chapter 15 of Class 12 Part – 2 – 2024
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 15 of Class 12 Part – 2 – 2024: –
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 | |