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प्रश्न
From the following extracts of a company’s Balance Sheets, calculate Cash from Financing Activities for the year ending 31st March, 2022:
| Particulars | 31.3.2022 (₹) |
31.3.2021 (₹) |
| Equity Share Capital | 9,00,000 | 7,00,000 |
| Securities Premium | 1,25,000 | 1,00,000 |
| 12% Debentures | 4,00,000 | 3,00,000 |
| Bank Overdraft | 12,000 | 10,000 |
Additional information:
(i)
| Particulars | 31.3.2022 | 31.3.2021 |
| Contingent Liability: | ||
| Proposed Dividend (₹) | 60,000 | 70,000 |
(ii) Debentures were issued on 1st April, 2021, at a discount of 10%.
(iii) Unclaimed Dividend ₹ 7,000.
खाता बही
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उत्तर
| CASH FLOW FROM FINANCING ACTIVITIES | |
| Particulars | Amount (₹) |
| Proceeds from Issue of Equity Shares | 2,00,000 |
| Proceeds from Securities Premium | 25,000 |
| Issue of Debentures (₹ 1,00,000 less Discount ₹ 10,000) | 90,000 |
| Interest paid on Debentures (12% on ₹ 4,00,000) | (48,000) |
| Payment of Proposed Dividend (Note 1) | (63,000) |
| Increase in Bank Overdraft | 2,000 |
| Net Cash Flows from Financing Activities | 2,06,000 |
Working Note (1):
| Particulars | Amount (₹) |
| Proposed Dividend for 31.3.2021 | 70,000 |
| Less: Unclaimed Dividend | 7,000 |
| Payment made | 63,000 |
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