CBSE Class 12-commerce Answered
In cash flow how to this adjustment of que 57 ...(iv),(vi),(vii) why we will not take out dividend on preference share 50000 because in adjustment prefernce share being redeemed on 31st March,2018
Asked by Smitakhadayate20 | 06 Nov, 2019, 08:24: PM
Expert Answer
Question no. 57 in T.S. Grewal (Session 2019-20) has mentioned additional information which states that:
"Preference Shares were redeemed on 31st March, 2018 at a premium of 5%"
However, while solving the question, this additional information should be taken as follows:
"Preference Shares were redeemed on 31st March, 2019 at a premium of 5%"
In order to get the correct answer, Q.57 is to be solved using the rectified additional information only.
Answered by Surabhi Gawade | 07 Nov, 2019, 10:12: AM
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