Advanced AccountingMCQQuestion 5336 of 305
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13. What is the amount of closing Cash and Cash equivalents as on 1 April, 2023 ?

Options

A`1,92,500
B` 92,500
C` 1,27,000
D` 1,98,500
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Correct Answer

✅ Option A — `1,92,500

All Options:

  • A`1,92,500 ✓
  • B` 92,500
  • C` 1,27,000
  • D` 1,98,500

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Detailed Solution & Explanation

To compute the closing Cash and Cash equivalents:
1. Opening balance = ‘ 65,500\displaystyle `\,65,500.
2. Operating Cash Flow = ‘ 5,000\displaystyle `\,5,000.
3. Investing Cash Flow: Dividend from Star Ltd (10,000×1=‘ 10,000\displaystyle 10,000 \times 1 = `\,10,000) + P&M sale proceeds (Book value 15,000\displaystyle 15,000 - Loss 3,000=‘ 12,000\displaystyle 3,000 = `\,12,000) = ‘ 22,000\displaystyle `\,22,000.
4. Financing Cash Flow: Equity shares issued = ‘ 1,00,000\displaystyle `\,1,00,000.
5. Closing Cash and Bank balance is:
Closing Balance=65,500+5,000+22,000+1,00,000=‘ 1,92,500\text{Closing Balance} = 65,500 + 5,000 + 22,000 + 1,00,000 = `\,1,92,500
Hence, **Option A** is the correct answer.

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