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.
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
Option 1: Rs.(2,55,000)
Option 2: Rs.6,50,000
Option 3: Rs.3,95,000
Option 4: None of the Above
Calculate Operating ratio -
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%
On the basis of following information received from a firm, its proprietary ratio will be -
Fixed assets
330000
Current assets
190000
Preliminary Exp.
Equity share capital
244000
Prefrence share capital
170000
Reserve Fund
58000
Option 2: 85%
Option 3: 70%
Option 4: 90%
From the Following information what will be the amount of asset purchased during the year?
Closing
Opening
Machinery (At cost)
690000
Accumulated Depreciation
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
Assets
Capital M
40000.00
Furniture
50000.00
N
100000.00
Machinery
20000.00
Mrs. M Loan
15000.00
Stock
Cash in Hand
35000.00
155000.00
Option 1: Rs.17,000
Option 2: Rs.5,100
Option 3: Rs.28,900
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