From the following extract of Balance Sheet of Cloud 9 Ltd, Calculate Cash Flow from Financing Activities:
From the following extract of Balance Sheet of Cloud 9 Ltd, Calculate Cash Flow from Financing Activities:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | Â | Â |
|
1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus |
10,00,000 2,30,000 |
10,00,000 2,00,000 |
|
2. Non-Current Liabilities Long-term Borrowings (12% Debenture) |
6,00,000 | 4,00,000 |
Notes to Accounts:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
|
1. Share Capital Equity Share Capital 10% Preference Share Capital |
8,00,000 2,00,000 |
6,00,000 4,00,000 |
| Total | 10,00,000 | 10,00,000 |
|
2. Reserves and Surplus (a) Securities Premium Reserve – Received Less: Share issue Expenses Written off |
30,000 5,000 |
– – |
| Â | 25,000 | – |
|
(b) Surplus, i.e., Balance in Statement of Profit & Loss: Opening Balance Add: Net Profit (as per Statement of Profit & Loss) |
2,00,000 1,35,000 |
1,50,000 50,000 |
| Less: Dividend Payable |
3,35,000 1,30,000 |
2,00,000 – |
| Â | 2,05,000 | 2,00,000 |
| Total (a + b) | 2,30,000 | 2,00,000 |
Additional information:
- Dividend @ 15% on Equity Shares and @ 10% on Preference Shares was declared by the Shareholders on 15th September 2022.
- Preference Shares were redeemed at par on 31st March, 2023.
- Debentures were issued on 31st March 2023.
- Equity Shares were issued on 31st March, 2023 at a premium of 15%.
- Interest on 12% Debentures still payable is ₹ 9,600.
Anurag Pathak Changed status to publish December 2, 2023
