Practicing Success
From the following information, calculate cash flow from financing activities.
If dividend payable was ₹30,000 on 31 March 2021 and 40,000 on March 31, 2022. Determine outflow of cash from financing activities. |
₹2,90,000 ₹2,50,000 ₹3,10,000 ₹2,30,000 |
₹2,30,000 |
The correct answer is Option (4) → ₹2,30,000. The dividend payable on 31 March 2021 = ₹30000 Propose dividend of the previous year(31 March 2021) will be paid in the current year (31 March 2022). |