Following are the extracts from the Balance Sheet of ABC Ltd. Liabilities 31.3.2020 Equity Share Capital 10% Preference Share Capital Securities Premium Account Profit & Loss A/c 25,00,000 7,00,000 5,00,000 20,00,000 31.3.2021 35,60,000 6,00,000 5,50,000 28,00,000 Equity Share Capital for the year ended 31st March, 2021 'includes 60,000 of equity shares issued to Grey Ltd at par for supply of Machinery of 60,000.
Following are the extracts from the Balance Sheet of ABC Ltd. Liabilities 31.3.2020 Equity Share Capital 10% Preference Share Capital Securities Premium Account Profit & Loss A/c 25,00,000 7,00,000 5,00,000 20,00,000 31.3.2021 35,60,000 6,00,000 5,50,000 28,00,000 Equity Share Capital for the year ended 31st March, 2021 'includes 60,000 of equity shares issued to Grey Ltd at par for supply of Machinery of 60,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Following are the extracts from the Balance Sheet of ABC Ltd.
Liabilities
31.3.2020
Equity Share Capital
10% Preference Share Capital
Securities Premium Account
Profit & Loss A/c
Equity Share Capital for the year ended 31st March, 2021 'includes
Ltd at par for supply of Machinery of 60,000.
25,00,000
7,00,000
5,00,000
20,00,000
31.3.2021
35,60,000
6,00,000
5,50,000
28,00,000
60,000 of equity shares issued to Grey
Profit & Loss account on 31st March, 2021 includes 50,000 of dividend received on Equity shares invested
in X Ltd Show how the related items will appear in the Cash Flow Statement of ABC Ltd. as per AS-3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11bd0a08-538c-4af5-9e0d-dc6d6997c505%2Fae0ebff6-be4a-4bcc-92a3-1eeb3f8afc59%2Fncbxg6q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Following are the extracts from the Balance Sheet of ABC Ltd.
Liabilities
31.3.2020
Equity Share Capital
10% Preference Share Capital
Securities Premium Account
Profit & Loss A/c
Equity Share Capital for the year ended 31st March, 2021 'includes
Ltd at par for supply of Machinery of 60,000.
25,00,000
7,00,000
5,00,000
20,00,000
31.3.2021
35,60,000
6,00,000
5,50,000
28,00,000
60,000 of equity shares issued to Grey
Profit & Loss account on 31st March, 2021 includes 50,000 of dividend received on Equity shares invested
in X Ltd Show how the related items will appear in the Cash Flow Statement of ABC Ltd. as per AS-3
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