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Aditya Sunrise… (Class 12 Accountancy SQP 2023-24, Q30)

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AccountancyCBSE Class 12 · Sample paper, session 2023-24 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2023-24: question 30

From the official CBSE sample question paper for 2023-24, section B-I, question 30, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q30 · 1 mark · MCQCash Flow Statement

Aditya Sunrise Ltd. provides you the following information:

Particulars31.3.2023(₹)31.3.2022(₹)
10% Bank LoanNil1,00,000

Additional Information:
1. Equity Share Capital raised during the year ₹3,00,000;
2. 10% Bank Loan was repaid on 01.04.2022.
3. Dividend received during the year was ₹20,000.
4. Dividend Proposed for the year 2021-22 was ₹50,000 but only ₹20,000 was approved by the Shareholders.
Find out the cash flow from Financing Activities.

  1. (A)₹1,50,000
  2. (B)₹2,00,000
  3. (C)₹1,70,000
  4. (D)₹1,80,000

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2023-24.

Hints

Open one hint at a time and try again before the next.

Hint 1

Which dividend was actually paid during the year?

Hint 2

Where does dividend received go?

Hint 3

Was any interest payable on a loan repaid on the first day of the year?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Financing inflow: equity shares ₹ 3,00,000. Outflows: bank loan repaid ₹ 1,00,000 (on 1st April, so no interest accrues for the year) and dividend paid for 2021-22, which is the approved ₹ 20,000.

  2. Dividend received is an investing activity. Net = 3,00,000 − 1,00,000 − 20,000 = ₹ 1,80,000. Option (D).

    1 mark

Answer: (D) ₹ 1,80,000

Where the marks are

  • Only the approved dividend is paid; dividend received is investing (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Cash Flow Statement, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2023-24: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.