Advanced AccountingQuestion 5309 of 305
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12. What will be the Cash and Bank Balance as on 31st March 2025?

Options

A` 56.40 Lakhs
B` 66.40 Lakhs
C` 59.20 Lakhs
D` 48 Lakhs
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Correct Answer

✅ Option A — ` 56.40 Lakhs

All Options:

  • A` 56.40 Lakhs ✓
  • B` 66.40 Lakhs
  • C` 59.20 Lakhs
  • D` 48 Lakhs

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Detailed Solution & Explanation

To calculate the closing Cash and Bank Balance as on 31st March, 2025:
1. Opening balance = ‘ 320\displaystyle `\,320 Lakhs.
2. Add: Sale of investment = ‘ 98\displaystyle `\,98 Lakhs.
3. Add: Receipt from exercise of employee stock options: 70% of 80,000 options = 56,000 shares @ ‘ 15\displaystyle `\,15 per share = ‘ 8.40\displaystyle `\,8.40 Lakhs.
4. Less: Payment for redemption of preference shares @ 5% premium = 200×1.05=‘ 210\displaystyle 200 \times 1.05 = `\,210 Lakhs.
5. Less: Payment for buyback of equity shares = 8,00,000ב 20=‘ 160\displaystyle 8,00,000 \times `\,20 = `\,160 Lakhs.
6. Closing Cash and Bank balance is:
Closing Balance=320+98+8.40−210−160=‘ 56.40 Lakhs\text{Closing Balance} = 320 + 98 + 8.40 - 210 - 160 = `\,56.40 \text{ Lakhs}
Hence, **Option A** is the correct answer.

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