NMIMS – Financial Accounting and Analysis – What are the main aspects of Accounting Standard 1 (AS 1). Calculate the net cash flow from financing activities based on the below data:Cash from issue of

What are the main aspects

Financial Accounting and Analysis


Q1. The following adjustments are to be made:

a) Closing Stock Rs. 10,400

b) Rent due but not paid upto 31st March 2014 Rs. 400

c) Three months factory lightings & heatings are due but not paid Rs.60

d) Insurance paid in advance Rs. 20

e) Depreciate plant & machinery by 10%, furniture by 5% and motor vans by 25%.

f) Write off further bad debts Rs.140 and increase the provision for doubtful debts by Rs. 600.Discounts @ 2 1/2% on debtors & creditors are to be anticipated.

Q2.  (Marks 15)

a) What are the main aspects of Accounting Standard 1 (AS 1)

b) Calculate the net cash flow from financing activities based on the below data:

i) Cash from issue of new equity shares – Rs.50,00,000

ii) Cash from issue of 12% debentures – Rs.30,00,000

iii) Interim dividend paid – Rs.10,00,000

iv) Buy-back of existing shares – Rs.15,00,000

v) Repayment of long term loan – Rs.10,00,000

c) Discuss in brief the treatment of following items in Cash Flow Statement as per AS-3.

i) Taxes on Income

ii) Foreign Currency cash flow


What are the main aspects


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What are the main aspects