Advertisement Remove all ads

Calculate Cash Flow from Financing Activities: - Accountancy

Numerical

From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities:

Particulars

31st March,

2019

(₹)

31st March,

2018

(₹)
Equity Share Capital

5,25,000

4,00,000
10% Preference Share Capital 4,00,000 5,50,000
Securities Premium Reserve 2,25,000 1,00,000
12% Debentures

4,00,000

3,00,000

Additional Information:
1. Equity Shares were issued on 31st March, 2019.
2. Interim dividend on Equity Shares was paid @ 15%.
3. Preference Shares were redeemed on 31st March, 2019 at a premium of 5%. Premium paid was debited to Statement of Profit and Loss.
4. 12% Debentures of face value ₹ 1,00,000 were issued on 31st March, 2019.

Advertisement Remove all ads

Solution

Cash Flow from Financing Activities

for the year ended March 31, 2019

 

Particulars

Amount

(₹)

Amount

(₹)

 

Issue of Shares

1,25,000

 

 

Transfer to Securities Premium Reserve

1,25,000

 

 

Issue of Debentures

1,00,000

 

 

Premium on redemption of Preference Shares (5% of 1,50,000)

(7,500)

 

 

Interim Dividend Paid(15% of 4,00,000)

(60,000)

 

 

Redemption of Preference Share Capital

(1,50,000)

 

 

Interest on Debentures (12% of 3,00,000)

(36,000)

 

 

Interest on Preference Share Capital

(55,000)

 

 

Net Cash Flow from Financing Activities

 

41,500

Concept: Ascertainment of Cash Flow from Investing and Financing Activities
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

TS Grewal Class 12 Accountancy - Analysis of Financial Statements
Chapter 4 Cash Flow Statement
Exercise | Q 34 | Page 101
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×