A Ltd. redeemed Rs. 1,00,000, 9% debentures at 10% premium. What will be the amount of ‘Cash Flows from Financing Activities’? (C.B.S.E. 2020, Kerala) Post category:Accountancy Reading time:1 mins read SOLUTION Outflow Rs. 1,10,000. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn 1-10-2018, Micro Ltd. issued 20,000, 8% debentures of Rs. 100 each and paid interest of Rs. 80,000 on these debentures on 31st March, 2019. Calculate the cash flow from financing activities for the period ending 31st March, 2019. (C.B.S.E. 2020, Mumbai, Chennai) Next PostState giving reason, whether issue of shares for consideration other than cash will result into inflow, outflow or no flow of cash. (C.B.S.E. 2020, Kerala) You Might Also Like Raman Ltd. paid Rs. 60,000 as instalment for machinery purchased on credit which included interest of Rs. 10.000. How will this payment be presented while preparing Cash Flow Statement? October 6, 2022 Max Ltd. invited applications for 2,00,000 Equity Shares of Rs. 10 each to be issued at 20% premium. The money payable per shares was: on application Rs. 5, on allotment Rs. 4 (including premium of Rs. 2), first call Rs. 2 and final call Rs. 1, Applications were received for 2,40,000 shares and allotment was made as: (i) to applicants for 1,00,000 shares— in full, (ii) to applicants for 80,000 shares—60,000 shares, (iii) to applicants for 60,000 shares—40,000 shares. Applicants of 1,000 shares falling in Category (i) and applicants of 1,200 shares falling in Category (ii) failed to pay allotment money. These shares were forfeited on failure to pay first call. Holders of 1,200 shares falling in Category (iii) failed to pay the first and final call and these shares were forfeited after final call. 1,300 shares [1,000 of Category(i) and 300 of Category (ii)] were reissued at Rs. 8 per share as fully paid-up. Journalise the above transactions. Prepare Cash book and Balance Sheet. July 15, 2022 Pass Journal entries in the following cases? (a) Expenses of realisation Rs. 1,500. (b) Expenses of realisation Rs. 600 but paid by Mohan, a partner. (c) Mohan, one of the partners of the firm, was asked to look into the dissolution of the firm for which he was allowed a commission of Rs. 2,000. (d) Motor car of book value Rs. 50,000 taken over by Creditors of the book value of Rs. 40,000 in full settlement. July 25, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Raman Ltd. paid Rs. 60,000 as instalment for machinery purchased on credit which included interest of Rs. 10.000. How will this payment be presented while preparing Cash Flow Statement? October 6, 2022
Max Ltd. invited applications for 2,00,000 Equity Shares of Rs. 10 each to be issued at 20% premium. The money payable per shares was: on application Rs. 5, on allotment Rs. 4 (including premium of Rs. 2), first call Rs. 2 and final call Rs. 1, Applications were received for 2,40,000 shares and allotment was made as: (i) to applicants for 1,00,000 shares— in full, (ii) to applicants for 80,000 shares—60,000 shares, (iii) to applicants for 60,000 shares—40,000 shares. Applicants of 1,000 shares falling in Category (i) and applicants of 1,200 shares falling in Category (ii) failed to pay allotment money. These shares were forfeited on failure to pay first call. Holders of 1,200 shares falling in Category (iii) failed to pay the first and final call and these shares were forfeited after final call. 1,300 shares [1,000 of Category(i) and 300 of Category (ii)] were reissued at Rs. 8 per share as fully paid-up. Journalise the above transactions. Prepare Cash book and Balance Sheet. July 15, 2022
Pass Journal entries in the following cases? (a) Expenses of realisation Rs. 1,500. (b) Expenses of realisation Rs. 600 but paid by Mohan, a partner. (c) Mohan, one of the partners of the firm, was asked to look into the dissolution of the firm for which he was allowed a commission of Rs. 2,000. (d) Motor car of book value Rs. 50,000 taken over by Creditors of the book value of Rs. 40,000 in full settlement. July 25, 2022