The following summary cash account has been extracted from the Nextspace Limited's accounting records: ₹ Cash Balance as on 01-04-2023 72,000 Cash…
CA Intermediate · Advanced Accounting · PYQS · January 2025
The following summary cash account has been extracted from the Nextspace Limited's accounting records: ₹ Cash Balance as on 01-04-2023 72,000 Cash Sales 15,56,000 Trade Receivable 7,40,000 Rent from Property held as investment 64,000 Income tax refund 25,000 Loan from Bank 5,00,000 Issue of Shares 2,50,000 Sale of Investment 49,500 31,84,500 Outflow of Cash Trade Payable 19,60,000 Office and Selling Exp. 1,20,000 Trade Commission 40,500 Underwriting Commission 25,000 Redemption of Preference shares 8,00,000 Brokerage on Sale of Investment 9,200 Interest on long term borrowings 85,600 Payment for Overheads 46,000 Purchases of Goodwill 50,000 (31,36,300) Balance as on 31-03-24 1,20,200 Based on the information given in above Case Scenario, answer the following Question No. 11-14
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 1,54,500
Topics: AS 3
Related Questions in this Topic
- From the following information, prepare Cash Flow Statement of Amex Limited for the year ended 31st March, 2026 by using...
- "A change in the amount of cash does not always represent a cash flow." Explain this statement with reference to foreign...
- A Limited, an Indian company listed on the National Stock Exchange, is engaged in various businesses. Its tourism busine...
- Following is the cash flow abstract of Alpha Ltd. for the year ended 31st March, 2026: Cash Flow (Abstract) Inflo...
- The following are the summarised Balance Sheets of Dark Limited as at 31 st March, 2025 and 31 st March, 2024: Par...