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Home Questions JMNF9F6YQ2
Target Exam

CUET

Subject

Accountancy

Chapter

Cash Flow Statement

Question:

Following extracts of Balance Sheet is taken from the financial statements of PQR limited.

 Particulars

2021-22

2020-21

 Equities and Liabilities

 

 

 Shareholders Funds

 

 

 (a) Equity share capital

 20,00,000 

 20,00,000 

 (b) Preference Share capital (8%) 

 7,50,000

 5,00,000

 Reserves and Surplus

  

 

 Statement of Profit & Loss

 4,50,000

 3,00,000

An interim dividend of 10% was declared on Equity Share. Preference Shares were issued on 31st March 2022.

Net cash flows during the year from Financing Activities will be:

Options:

₹2,50,000 inflow

₹2,40,000 outflow

₹10,000 inflow

₹50,000 outflow

Correct Answer:

₹10,000 inflow

Explanation:

The correct answer is Option (3) - ₹10,000 inflow

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