Following is the extract of Balance sheet of Mayur Ltd.
|
Particulars |
Note No. |
31 Mar. ’22 |
31 Mar. ’21 |
|
Equity and Liabilities Current Liabilities Other Current Liabilities |
1 |
30,000 |
20,000 |
Notes of Accounts
|
1. Other current Liabilities Unclaimed Dividend |
31 Mar. ’22 |
31 Mar. ’21 |
|
30,000 |
20,000 |
Proposed Dividend for the year ended Mar. 31'21 was ₹2,50,000 and for the year ended Mar. 31'22 was ₹3,50,000.
What will be the amount of Dividend paid as an outflow in financing activities for year ended Mar. 31'2022?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹ 2,40,000.
Proposed dividend of 2021 = ₹2,50,000
Unclaimed dividend of 2021 = ₹20,000
Unclaimed dividend of 2022 = ₹30,000
Proposed dividend of the previous year (2021) is paid in the current year (2022).
Unclaimed dividend in 2022 is increased by ₹10,000 which means ₹10,000 proposed dividend of 2021 is not claimed by shareholders in 2022.
Dividend paid in 2022 = Proposed dividend of 2021 - Increase in unclaimed dividend
= 2,50,000 - 10,000
= ₹2,40,000