Cash Flow (Quiz2) Welcome to "Cash Flow (Quiz2)" - presented by Accounts Aptitude. You will get 10 questions to attempt in 5 minutes time. Please click on "Next" to start your Quiz. 1. Opening balance and closing balance of machinery (at cost) was Rs. 8,00,000 and Rs. 8,40,000 respectively and depreciation opening and closing balance was Rs. 2,00,000 and Rs. 2,20,000. During the year, a machine costing Rs. 80,000 with its accumulated depreciation of Rs. 48,000 was sold for Rs. 40,000. Calculate purchase value of machinery. Rs. 1,20,000 Rs.1,30,000 Rs.50,000 Rs.1,25,000 None 1 out of 10 2. Dividend paid by a company is classified under finance activity, whether it is non-finance or finance company because dividend is associated with share capital dividend is part of profit and loss account dividend is part of balance sheet None of the above None 2 out of 10 3. ABC Ltd had opening and closing balance of equity shares of Rs. 20,00,000 and Rs. 30,00,000. Company issued bonus shares in the ratio of 2:1 by capitalising reserve. What will be net cash flow from this transaction? Rs.20,00,000 Rs.10,00,000 Rs. 30,00,000 No cash flow None 3 out of 10 4. Ram Ltd is a financial company whose equity share capital in the year 2021 was Rs. 28,00,000 which got increased to Rs. 35,00,000 in the year 2022. Calculate the amount of issue of equity share capital. Rs. (7,00,000) Rs. 35,00,000 Rs. 28,00,000 None of these None 4 out of 10 5. Insurance Claim received by Albert Co. Ltd. of 5,00,000 for Loss of Machinery due to theft will be recorded in Cash Flow Statement in which of the following manner Added under Operating Activities as Extraordinary Item and Subtracted from Operating Activities also Subtracted under Operating Activities as Extraordinary Item and added to Operating Activities also Added under Operating Activities as Extraordinary Item and Outflow under Investing Activity also. Subtracted under Operating Activities as Extraordinary Item and Inflow under investing Activities also. None 5 out of 10 6. A company issued 20,000; 9% Debentures of ₹ 100 each at 10% Discount. These debentures were to be redeemed at 15% Premium at the end of 5 yea₹ The balance in Securities Premium Account as on the date of Issue was ₹ 3,70,000. How this transaction will be reflected in Cash Flow Statement? Added ₹ 1,30,000 under Operating Activities as Loss on Issue of Debentures written off and Inflow of ₹ 20,00,000 under Financing Activities. Added ₹ 5,00,000 under Operating Activities as Loss on Issue of Debentures written off and Inflow of ₹ 18,00,000 under Financing Activities. Added ₹ 1,30,000 under Operating Activities as Loss on Issue of Debentures written off and Inflow of ₹ 18,00,000 under Financing Activities. Added ₹ 5,00,000 under Operating Activities as Loss on Issue of Debentures written off and inflow of ₹ 20,00,000 under Financing Activities. None 6 out of 10 7. Which of the following is not an investing cash flow? Purchase of marketable securities for ₹ 25,000 cash. Sale of land for ₹ 28,000 cash Sale of 2,500 shares (held as investment) for ₹15 each. Purchase of equipment for ₹ 500 cash. None 7 out of 10 8. While preparing Cash Flow Statement, Commission and Royalty received is shown under: Financing Activity Investing Activity Operating Activity Both (B) and (C) None 8 out of 10 9. Which of the following transactions will not result in flow of cash? Purchase of Building of 12,75,000 for cash Cash deposited into Bank ₹ 12,50,000 Issue of Equity shares of 20,00,000 for cash Redemption of 8% Debentures of 7,50,000 for cash None 9 out of 10 10. From the following information find out the inflow of Cash by sale of Office equipment’s 31st March, 2022 31st March, 2021 Office Equipment ₹ 2,00,000 ₹ 3,00,000 Additional Information: Depreciation for the year 2021-22 was Rs. 40,000 Purchase of Office Equipment purchased during the year Rs. 30,000 Part of Office Equipment sold at a profit of Rs. 12,000 1,00,000 1,02,000 90,000 1,12,000 None 10 out of 10 Thanks for taking the "Cash Flow (Quiz2)" Quiz. Please fill all the fields below (Mandatory fields). Name Email ID Phone
