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On 2nd march 2015, 50000 @10% debentures of Rs. 100 each are issued at discount of 5%. On 10th march 2015, 80000 @6% preference share of Rs.100 each are redeemed at a premium of 10% along with one month dividend. On 22nd march 2015, 40000 equity share of Rs. 100 each are issued at premium of 15%. On 20th February 2015, bank balance was Rs. 634000 what is the bank balance on 31st March?
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On 2nd march 2015, 50000 @10% debentures of Rs. 100 each are issued at...
Calculation of Bank Balance on 31st March 2015

Issuance of 50,000 @10% Debentures
- Face Value: Rs. 100
- Discount: 5%
- Issue Price: Rs. 95
- Total Amount Raised: 50,000 x 95 = Rs. 47,50,000

Redemption of 80,000 @6% Preference Shares
- Face Value: Rs. 100
- Premium: 10%
- Total Redemption Amount: 80,000 x (100 + 10) = Rs. 88,00,000
- One month dividend = Rs. 80,000 (80,000 shares x Rs. 1 dividend per share)
- Total Outflow for Redemption: Rs. 88,80,000

Issuance of 40,000 Equity Shares
- Face Value: Rs. 100
- Premium: 15%
- Issue Price: Rs. 115
- Total Amount Raised: 40,000 x 115 = Rs. 46,00,000

Bank Balance on 20th February 2015
- Given: Rs. 6,34,000

Calculation of Bank Balance on 31st March 2015
- Inflow from Debentures: Rs. 47,50,000
- Inflow from Equity Shares: Rs. 46,00,000
- Outflow for Preference Share Redemption: Rs. 88,80,000
- Net Outflow: Rs. 42,80,000 (88,80,000 - 46,00,000)
- Bank Balance on 31st March 2015: Rs. 6,34,000 + Rs. 47,50,000 + Rs. 46,00,000 - Rs. 42,80,000 - Rs. 80,000 = Rs. 1,55,70,000

Therefore, the bank balance on 31st March 2015 is Rs. 1,55,70,000.
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On 2nd march 2015, 50000 @10% debentures of Rs. 100 each are issued at discount of 5%. On 10th march 2015, 80000 @6% preference share of Rs.100 each are redeemed at a premium of 10% along with one month dividend. On 22nd march 2015, 40000 equity share of Rs. 100 each are issued at premium of 15%. On 20th February 2015, bank balance was Rs. 634000 what is the bank balance on 31st March?
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On 2nd march 2015, 50000 @10% debentures of Rs. 100 each are issued at discount of 5%. On 10th march 2015, 80000 @6% preference share of Rs.100 each are redeemed at a premium of 10% along with one month dividend. On 22nd march 2015, 40000 equity share of Rs. 100 each are issued at premium of 15%. On 20th February 2015, bank balance was Rs. 634000 what is the bank balance on 31st March? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On 2nd march 2015, 50000 @10% debentures of Rs. 100 each are issued at discount of 5%. On 10th march 2015, 80000 @6% preference share of Rs.100 each are redeemed at a premium of 10% along with one month dividend. On 22nd march 2015, 40000 equity share of Rs. 100 each are issued at premium of 15%. On 20th February 2015, bank balance was Rs. 634000 what is the bank balance on 31st March? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 2nd march 2015, 50000 @10% debentures of Rs. 100 each are issued at discount of 5%. On 10th march 2015, 80000 @6% preference share of Rs.100 each are redeemed at a premium of 10% along with one month dividend. On 22nd march 2015, 40000 equity share of Rs. 100 each are issued at premium of 15%. On 20th February 2015, bank balance was Rs. 634000 what is the bank balance on 31st March?.
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