Following is the extract of Balance sheet of Mayur Ltd.


Proposed Dividend for the year ended Mar. 31’21 was ₹2,50,000 and for the year ended Mar. 31’22 was ₹3,50,000
What will be the amount of Dividend paid as an outflow in financing activities for year ended Mar. 31’2022?

Correct option is C

Amount of Dividend paid as an outflow in financing activities = Proposed Dividend for the year ended Mar. 31, 2021 – (Unclaimed Dividend for 31 Mar. ’22 - Unclaimed Dividend for 31 Mar. ‘21)
Amount of Dividend paid as an outflow in financing activities = ₹2,50,000-(₹30,000-₹20,000)=₹2,40,000