From the given below information, compute cash ﬂow from ﬁnancial … - Vidyadip

Question

From the given below information, compute cash ﬂow from ﬁnancial activities :

✓

Answer

Cash inflow from finance activities $₹ 5,50,000$

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "4 Marks Each" from P2 C6 CASH FLOW STATEMENT→P2 C6 CASH FLOW STATEMENT — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is a share? State the types of shares.

Explain the weighted average method for the valuation of goodwill.

Hansa and Vijay are partners of a firm. Their profit-loss sharing ratio was $2: 1$. Total capital of partners on $1-4-18$ was ₹ $4,00,000$. Their fixed capital was in the proportion of $5: 3$. On the same day balances of their current accounts $₹ 36,000$ credit for Hansa and $₹ 35,000$ debit for Vijay.
As per partnership deed annualy $10 \%$ interest is to be paid on capital and $12 \%$ interest is to be paid on opening balance of current account. $9 \%$ interest is chargeable on drawings done by the partner. Hansa will be paid monthly salary of $₹ 3200$ for her active role is the firm. On $1-8-18$ Hansa has withdrawn $₹ 40,000.$ On $1-2-19$ Vijay has withdrawn $₹ 48,000.$ Vijay is entitled for $10 \%$ commission on net profit after deduction of his such commission.
Before consideration of above stated adjustments the profit of the year completed on $31-3-19$ of the firm was $₹ 4,05,400$.
From the above information prepare profit and loss appropriation account, fixed capital accounts and current capital accounts of the partners.

The common size balance sheets as at $31-3-2016$ and $31-3-2017$ with balancing figures of Amarnath Limited are as follows. Ascertain balancing figures and complete common size balance sheet.

Particulars		Note No.	Amount (₹)		Percentage to total of balance sheet
Particulars		Note No.	$31-3-2016$ $(₹)$	$31-3-2017$ $(₹)$	$31-3-2016$ $(\%)$	$31-3-2017$ $(\%)$
$(I)$	Equity and Liabilities
$(1)$	Shareholders' funds :
	$(a)$ Share capital		$14,00,000$	$?$	$50$	$50$
	$(b)$ Reserves and surplus		$3,50,000$	$?$	$12.5$	$10$
$(2)$	Non-current liabilities
	Long-term borrowings		$7,00,000$	$?$	$25$	$30$
$(3)$	Current liabilities
	$(i)$ Trade payables		$2,00,000$	$?$	$7.14$	$8$
	$(ii)$ Other liabilities		$1,50,000$	$?$	$5.36$	$2$
	Total		$28,00,000$	$42,00,000$	$100$	$100$
$(II)$	Assets :
	Non-current assets :
	$(a)$ Fixed assets
	$(i)$ Tangible assets		$?$	$20,00,000$	$45$	$47.62$
	$(ii)$ Intangible assets		$?$	$15,70,000$	$40$	$37.38$
$(2)$	Current assets :
	$(i)$ Trade receivables		$?$	$5,00,000$	$10$	$11.90$
	$(ii)$ Cash and cash equivalent		$?$	$1,30,000$	$5$	$3.10$
	Total		$28,00,000$	$42,00,000$	$100$	$100$

Bhalchandra, Darshana and Ankit are partners sharing profit-loss in the ratio of $5: 3: 2.$ At the end of the year after the preparation of final account it is realised that, computation of interest on drawings is missed out. Interest on drawings were $₹ 1000, ₹ 800$ and $₹ 600$ respectively. Write journal entry for rectifications.

Pass necessary journal entries for the following transaction :
$B$ and $C$ are the partners. $D$ admitted as a new partner in the firm. $D$ brought $₹ 50,000$ as a capital and $₹ 14,000$ in cash out of his share in goodwill $₹ 20,000$.

$\text{XYZ}$ Limited issued equity shares of $₹ 10$ each at a premium of $₹ 8$. Vishnu Patel, who hold $1200$ equity shares, did not pay $₹ 3$ per share on share final call. Company forfeited his shares and reissued at $₹ 8$ per share. Pass journal entries in the books of company for forfeiture and reissue of forfeited shares.

Pass necessary journal entries in the books of company relating to forfeiture and reissue of shares in respect of transactions :
$(A)$ On $1-3-2017,$ company forfeited $500$ equity shares of $₹ 10$ each of Harnish. Harnish did not pay $₹ 3$ per share in respect of share final call. On $2-4-2017,$ company reissued forfeited shares at $₹ 8$ per share, which were purchased by Sanjay.

Sharda and Jamna are partners of a firm. Their capital as on $1-4-2016$ was $₹ 30,000$ and $₹ 40,000$ respectively. During the year Sharda has withdrawn $₹ 6000$ on $1-4-2016$ while Jamna $₹ 8000$ on $1-1-2017.$ The provisions of partnership deed are as follows :
$(1)$ Provide interest on capital at $10 \%$ p.a.
$(2)$ Provide interest on drawings $12 \%$ p.a.
$(3)$ Monthly salary of $₹ 500$ is payable to Sharda for her active participation in business. An annual commission of $₹ 3000$ is payable to Jamna. On $1-10-2016$ Sharda has given loan of $₹ 6000$ to the firm. There is no provision in partnership deed for interest on loan. Sharda demands interest at $10 \%$ p.a. on loan. Profit for the year ending on $31-3-2017$ before consideration of above provision and interest on loan of Sharda of the firm is $₹ 39,820$. From the above information prepare profit and loss appropriation account and partners' capital accounts of the firm.

Aakash, is holding $3000$ shares of $₹ 10$ each in Pruthavi Limited Company. The company forfeited his shares for non-payment of first call money $₹ 3$ per share and final call money $₹ 2$ per share. Out of this, $1800$ shares were reissued at $10 \%$ discount. Pass journal entries in the books of company for forfeiture and reissue for forfeited shares.