[ISC] Q. 51 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

Solution of Question number 51 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

From the following Balance Sheet of Vivek Ltd. as at 31st March, 2022, prepare Cash Flow Statement:

Particulars	31st March, 2022 (₹)	31st March, 2021 (₹)
I. EQUITY AND LIABILITIES
Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus	5,75,000 1,00,000	2,50,000 72,000
Non-Current Liabilities Long-term Borrowings: 10% Debentures	75,000	1,00,000
Current Liabilities (a) Short-term Borrowings (Bank Overdraft) (b) Trade Payables	10,000 1,50,000	18,000 90,000
Total	9,10,000	5,30,000
II. Assets
Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment Intangible Assets (Patents)	6,00,000 50,000	3,50,000 70,000
Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances: Cash at Bank	80,000 90,000 90,000	60,000 30,000 20,000
Total	9,10,000	5,30,000

Particulars	31st March, 2022 (₹)	31st March, 2021 (₹)
Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss	60,000 40,000	42,000 30,000
	1,00,000	72,000
Property, Plant and Equipment Plant and Machinery (cost) Less: Accumulated Depreciation	6,90,000 90,000	4,10,000 60,000
	6,00,000	3,50,000

Additional Information:

(i) During the year, Plant and Machinery costing ₹ 35,000 (accumulated depreciation charged thereon ₹ 20,000) was sold for ₹ 28,000.

(ii) Patents were written off to the extent of ₹ 10,000 and part patents were sold at a profit of ₹ 35,000.

(iii) Debentures were redeemed at par in the beginning of the year.

(iv) Tax of ₹ 25,000 was paid during the year.

(v) Dividend proposed by the Board for the previous year ₹ 1,00,000 was declared in the AGM held in the year ending 31st March, 2022.

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

S.N	Solutions
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

S.N	Solutions
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