[ISC] Q. 45 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

Solution of Question number 45 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

Balance Sheet of Amul Ltd. as at 31st March, 2022 is given below:

Particulars	31st March, 2022 (₹)	31st March, 2021 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus	4,00,000 3,13,000	3,00,000 2,36,000
2. Current Liabilities (a) Other Current Liabilities (b) Short-term Provisions	1,50,000 80,000	1,40,000 90,000
Total	9,43,000	7,66,000
II. ASSETS
1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (b) Non-Current Investments (Trade Investment)	4,30,000 60,000	3,50,000 80,000
2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances	2,63,000 1,50,000 40,000	2,00,000 1,06,000 30,000
Total	9,43,000	7,66,000

Particulars	31st March, 2022 (₹)	31st March, 2021 (₹)
1. Reserves and Surplus Capital Reserve General Reserve Surplus, i.e., Balance in Statement of Profit & Loss	10,000 65,000 2,38,000	– 50,000 1,86,000
	3,13,000	2,36,000
2. Short-term Provisions Provision for Tax	80,000	90,000
3. Property, Plant and Equipment Machinery (Cost) Less: Accumulated Depreciation	6,00,000 1,70,000	5,00,000 1,50,000
Total	4,30,000	3,50,000

Note: Dividend has been proposed @ 12% for both the years on Closing Capital.

Additional Information:

1. Sold one machine for ₹ 30,000 the cost of which was ₹ 60,000 and the depreciation provided thereon was ₹ 20,000.
2. Sold some trade investment at a profit which was credited to Capital Reserve.
3. Income tax paid during the year was ₹ 88,000.
4. Paid an interim dividend of ₹ 15,000.

Prepare Cash Flow Statement showing the working notes clearly.

Solution:-

Here is the list of all Solutions.

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

Read Here:- TS Grewal Solutions class 12 ISC Board (2022-23)

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

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31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Solutions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49
50	Question – 50
51	Question – 51
52	Question – 52