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
The dividend proposed for 2020-21 (₹2,50,000) is declared and paid in 2021-22. The dividend proposed for 2021-22 is paid only next year.
Part of the dividend due is still unpaid, shown as unclaimed dividend:
Dividend paid = Opening unclaimed ₹20,000 + Dividend declared ₹2,50,000 − Closing unclaimed ₹30,000
= ₹2,40,000 (financing outflow)
NCERT (2026-27 edition): |