Jay Ltd. submits the following data extracted from the Final Accounts as on 31 March, 2023: Equity Share Capital50,000 Equity shares of ₹10 each Profit & Loss (Dr. balance)(50,000) 9% Debentures2,00,000 Loan from Bank3,00,000 Advance given to suppliers of goods45,000 Provision for tax14,000 Plant & Machinery4,50,000 Furniture & Fixtures85,000 Investment in Star Ltd.1,25,000 10,000 equity shares of 10 each Sundry Debtors70,000 Cash & Bank Balance65,500 Additional information given by Jay Ltd.: On 31 March, 2023 Jay Ltd. decided to reconstruct the company for which necessary resolution was passed. Accordingly, it was decided that: (a) 9% Debentures to be settled in full by issuing them 15,000 Equity shares of 10 each. (b) Equity shareholders will give up 40% of their capital in exchange for allotment of new 11% Debentures of ₹1,00,000. (c) Balance of Profit & Loss to be written off. (d) Equity shares issued for ₹1,00,000. In addition to above, following information was also presented by Jay Ltd. on 1st April, 2023: (a) Interest is received on advances given to suppliers of goods ₹3,000. (b) Taxation liability is settled at ₹14,000. (c) A debtor of ₹40,000 is insolvent, only 40% of his dues are recovered from his estate. (d) Dividend is received on Investment in Star Ltd. ₹1 per equity share invested. (e) Part of Plant and Machinery is sold at a loss of ₹3,000 (book value ₹15,000) Based on the information given in above Case Scenario, answer the following Question No. 11-14:
Sub-questions (4)
The amount of Cash Flow from operating activity is:
(A) ₹2,000
(B) ₹5,000
(C) ₹12,000
(D) ₹15,000
The amount of Cash Flow from investing Activity is
(A) ₹28,000
(B) ₹25,000
(C) ₹15,000
(D) ₹22,000
What is the amount of closing Cash and Cash equivalents as on 1 April, 2023 ?
(A) ₹1,92,500
(B) ₹92,500
(C) ₹1,27,000
(D) ₹1,98,500
The Balance of Equity Share Capital after internal reconstruction is :
(A) ₹6,50,000
(B) ₹4,50,000
(C) ₹5,50,000
(D) ₹7,50,000