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Question No 28 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

Question No 28 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

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Question No 28 Chapter 8 – UNIMAX Class 12 Part 2 – 2021

28. from the following activities, calculate cash flows from financing activities:

Particulars31-3-202231-3-2021
Equity share capital8,00,0006,00,000
12% preference share capital2,00,000
14% debentures1,00,000

Additional information:
(I)equity shares were issued at a premium of 15%.
(II)12% preference shares were redeemed at a premium of 15%.
(III)14% debentures were issued at a discount of 1%.
(IV)interim dividend paid on equity shares 90,000.
(V)dividend paid on old preference shares 24,000.
(VI)interest paid on debentures shares 24,000.
(VII)underwriting commission of equity shares 10,000.

The solution of Question No 28 Chapter 8 – UNIMAX Class 12 Part 2 – 2021: –

 Cash flow from statement

Particulars
Cashflow from financing activities 
Proceeds from issue of equity share capital 
(2,00,000+30,000 (Sect. Premium)-10,000 (underwriting commission)2,20,000
Redemption of preference shares 
[2,00,000 + premium on redemption (10,000)](2,10,000)
proceeds from issue of debenture (1,00,000)99,000
Interest dividend paid on equity shares(90,000)
dividend paid on preference shares(24,000)
Interest paid on debentures(14,000)
net cash used in financing activities(19,000)

 

End of Solution


Check Out the Solution of all questions for this chapter:

The solution to all questions of Chapter No. 8 – Cash Flow Statement Class 12 Unimax is shown as follows, click on the image of the question to get the solution.

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Check out all books for PSEB

1. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 1 Class 12 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy Part 1 in Class 12. With their meticulously curated study material, students can access comprehensive solutions to all the questions in each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 12 examinations.

2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax

UnimaxSolutions.in presents an exceptional resource for students studying Advanced Accountancy Part 2 in Class 12. With their comprehensive study material, students can conveniently access extensive solutions to all the questions in each chapter. By simply selecting the desired chapter from the study material, students can effortlessly navigate through the topics and gain access to detailed explanations and step-by-step solutions to every problem presented in that particular section. Whether it involves understanding intricate accounting principles, honing calculation techniques, or analyzing complex financial statements, Unimax provides a valuable tool to support students in their learning journey. Equipped with these comprehensive solutions, students can enhance their comprehension, resolve any uncertainties, and strengthen their problem-solving abilities in Advanced Accountancy, empowering them to excel in their Class 12 examinations with confidence.

Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 12, exploring a wide range of books to cover the syllabus thoroughly is essential. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to various writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

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