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
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
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
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
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education