Question :
Balance sheet (Extract)
|
Liabilities |
31-03-2021 |
31-03-2022 |
|
12% Debentures |
Rs.200000 |
Rs. 160000 |
Additional Information
Interest on debentures is paid on half yearly basis on 30th September and 31st March each year. Debentures were redeemed on 30th September 2021.
How much amount (related to the above information) will be shown in the Financing Activity for Cash Flow Statement prepared on 31st March 2022?
Option 1: Outflow Rs.40,000
Option 2: Inflow Rs.42,600
Option 3: Outflow Rs.61,600
Option 4: Outflow Rs.64,000
Correct Answer: Outflow Rs.61,600
Solution : Cash flow from financing activities :
Redeemption of Debenture = Rs.40000
Interest on Debenture = Rs.21600
Total = Rs.61600
Interest on debentures
= 1,60,000 x 12/100 + 40,000 x 12/100 x 6/100
= ₹ 19,200 + ₹ 2,400
= ₹ 21,600
Hence the correct answer is option 3.
Related Questions
Question :
Calculate Cash Flow From Investing activities From the following information -
|
Particulars |
Amount |
|
Purchase of machine |
300000 |
|
Purchase of goodwill |
150000 |
|
Purchase of Investment |
200000 |
|
Sale of Machine |
85000 |
|
Sale of inveatment |
80000 |
|
Sale of Patents |
90000 |
|
Interest and dividend Received |
60000 |
|
Rent Received |
80000 |
Option 1: Rs.(2,55,000)
Option 2: Rs.6,50,000
Option 3: Rs.3,95,000
Option 4: None of the Above
Question :
Calculate Operating ratio -
|
Particulars |
Amount |
|
Revenue from Operations |
600000 |
|
Gross profit |
20% |
|
Office Expense |
30000 |
|
Selling Expense |
48000 |
Option 1: 80%
Option 2: 95.33%
Option 3: 85%
Option 4: 93%
Question :
On the basis of following information received from a firm, its proprietary ratio will be -
|
Particulars |
Amount |
|
Fixed assets |
330000 |
|
Current assets |
190000 |
|
Preliminary Exp. |
30000 |
|
Equity share capital |
244000 |
|
Prefrence share capital |
170000 |
|
Reserve Fund |
58000 |
Option 1: 80%
Option 2: 85%
Option 3: 70%
Option 4: 90%
Question :
From the Following information what will be the amount of asset purchased during the year?
|
Particulars |
Closing |
Opening |
|
Machinery (At cost) |
690000 |
600000 |
|
Accumulated Depreciation |
90000 |
60000 |
Additional information: During the year a machine coating Rs.50,000 with accumulated depreciation Rs.32,000 was sold for Rs.20,000.
Option 1: Rs.1,40,000
Option 2: Rs.1,20,000
Option 3: Rs.1,65,000
Option 4: None of the above
Question : M & N were partners. They decided to dissolve their firm on 31st march 2022. The balance sheet of the firm is given below. M undertook to pay Mrs. M Loan and took over 40% of the stock and 70% of machinery at a discount of 15%.The Value at which asset is taken over by M will be :
Balance sheet as at 31st march 2022
|
Liabilities |
Amount |
Assets |
Amount |
|
Capital M |
40000.00 |
Furniture |
50000.00 |
|
N |
100000.00 |
Machinery |
20000.00 |
|
Mrs. M Loan |
15000.00 |
Stock |
50000.00 |
|
Cash in Hand |
35000.00 |
||
|
155000.00 |
155000.00 |
Option 1: Rs.17,000
Option 2: Rs.5,100
Option 3: Rs.28,900
Option 4: None of the Above
