Question 2 How will you disclose following items while preparing Cash Flow Statement of Gagan Ltd. as per AS-3 for the year ended 31st March, 20X2? (i) 10% Debentures issued: As on 01-04-20X1 1,10,000 As on 31-03-20X2 77,000 (ii) Debentures were redeemed at 5% premium at the end of the year. Premium was charged to the Profit & Loss Account for the year. (iii) Unpaid Interest on Debentures: As on 01-04-20X1 3 275
Question 2 How will you disclose following items while preparing Cash Flow Statement of Gagan Ltd. as per AS-3 for the year ended 31st March, 20X2? (i) 10% Debentures issued: As on 01-04-20X1 1,10,000 As on 31-03-20X2 77,000 (ii) Debentures were redeemed at 5% premium at the end of the year. Premium was charged to the Profit & Loss Account for the year. (iii) Unpaid Interest on Debentures: As on 01-04-20X1 3 275
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
Question
It's urgently
![Question 2
How will you disclose following items while preparing Cash Flow Statement of Gagan Ltd. as per
AS-3 for the year ended 31st March, 20X2?
(i) 10% Debentures issued: As on 01-04-20X1 1,10,000
As on 31-03-20X2 77,000
(ii) Debentures were redeemed at 5% premium at the end of the year. Premium was charged to the
Profit & Loss Account for the year.
(iii) Unpaid Interest on Debentures: As on 01-04-20X1 275
As on 31-03-20X2 1,175
(iv) Debtors of 36,000 were written off against the Provision for Doubtful Debts A/c during the
year.
(v) 10% Bonds (Investments): As on 01-04-20X1 3,50,000
As on 31-03-20X2 3,50,000
(vi) Accrued Interest on Investments: As on 31-03-20X2 10,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96d57383-316e-4566-867f-bf57fac3a5c8%2Ff0f2a7ef-4f59-42c7-97cd-bfc609a11cda%2Fo3uf5t6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2
How will you disclose following items while preparing Cash Flow Statement of Gagan Ltd. as per
AS-3 for the year ended 31st March, 20X2?
(i) 10% Debentures issued: As on 01-04-20X1 1,10,000
As on 31-03-20X2 77,000
(ii) Debentures were redeemed at 5% premium at the end of the year. Premium was charged to the
Profit & Loss Account for the year.
(iii) Unpaid Interest on Debentures: As on 01-04-20X1 275
As on 31-03-20X2 1,175
(iv) Debtors of 36,000 were written off against the Provision for Doubtful Debts A/c during the
year.
(v) 10% Bonds (Investments): As on 01-04-20X1 3,50,000
As on 31-03-20X2 3,50,000
(vi) Accrued Interest on Investments: As on 31-03-20X2 10,500
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education