Calculate Cash flows from financing activities from the following particulars Equity Share Capital ₹ 12,00,000
Calculate Cash flows from financing activities from the following particulars:
| March 31, 2023 | March 31, 2022 | |
| Equity Share Capital | 12,00,000 | 7,00,000 |
| 8% Preference Share Capital | – | 1,00,000 |
| 9% Debentures | 2,00,000 | – |
| 7% Debentures | – | 1,00,000 |
Additional Information:-
(i) Equity Shares were issued at a premium of 2%.
(ii) 8% Preference Shares were redeemed at a premium of 2%.
(iii) 9% Debentures were issued at a discount of 1% and 7% debentures were redeemed at a premium of 5%.
(iv) Underwriting commission on Equity Shares was paid @ 2.5% on issue price.
(v) Interest paid on 7% debentures ₹ 7,000.
(vi) Dividend paid on preference shares ₹ 8,000.
[Ans. Net Cash from financing activities ₹ 4,73,250.]
Anurag Pathak Answered question 4 days ago
