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CUET Accountancy 2022 PYQs23 Aug Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 23 Aug Shift 2

Cash Flow

past year questions, Financial Statements, CUET Accountancy 2022 23 Aug Shift 2

Hard

From the following information of X Ltd, calculate Cash Flow from Financing Activities.

April 1, 2021March 31, 2022
Long-term Loan2,00,0002,60,000

During the year, the company repaid a loan of Rs. 1,00,000. Long-term loan carried interest rate of 10%. The loan was repaid on 1st April 2021 and a fresh loan was taken on 31st March 2022.

Solution

✅ Correct Option: 3

After repayment on 1 April, loan becomes 1,00,000. To reach 2,60,000, fresh loan of 1,60,000 taken on 31 March.

Interest = 10 percent on 1,00,000 for one year = 10,000.

Financing CF = 1,60,000 inflow minus 1,00,000 repayment minus 10,000 interest = Rs. 50,000 inflow.

Related questions:

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Calculate and state the nature of activity under cash flow statement :

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Choose the correct answer from the options given below:

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Match List - I with List - II.

List - IList - II
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Choose the correct answer from the options given below :

2022: 20 July Shift 1

X Ltd. sold machinery having a book value of Rs. 25,000 (on which accumulated depreciation of Rs. 5,000 had been charged) at a profit of Rs. 3,000. The cash flow from investing activities will be :

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CUET Accountancy Past Year Questions (Topic-Wise)