[CBSE] Q. 42 Cash Flow Statement TS Grewal Class 12 2023-24

Solution of Question number 42 of the Cash Flow Statement of TS Grewal Book 2023-24 session?

Following are the Balance Sheets of Solar Power Ltd. as at 31st March, 2023 and 2022:

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus	24,00,000 6,00,000	22,00,000 4,00,000
2. Non-Current Liabilities Long-term Borrowings	4,80,0000	3,40,000
3. Current Liabilities (a) Trade Payables (b) Short-term Provisions	3,58,000 1,00,000	4,08,000 1,54,000
Total	39,38,000	35,02,000
II. Assets
1. Non-Current Assets Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (ii) Intangible Assets	21,40,000 80,000	17,00,000 2,24,000
2. Current Assets (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents	4,80,000 2,58,000 3,40,000 6,40,000	3,00,000 2,42,000 2,86,000 7,50,000
Total	39,38,000	35,02,000

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
1. Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss	6,00,000	4,00,000
2. Property, Plant and Equipment Machinery Less: Accumulated Depreciation	25,40,000 (4,00,000)	20,00,000 (3,00,000)
	21,40,000	17,00,000
3. Intangible Assets Goodwill	80,000	2,24,000

Additional Information:

During the year, a piece of Machinery ₹ 48,000 on which accumulated depreciation was ₹ 32,000, was sold for ₹ 12,000.

Prepare Cash Flow Statement.

[Ans.: Cash Flow from Operating Activities = ₹ 3,06,000; Cash Used in Investing Activities = ₹ 5,76,000; Cash Flow from Financing Activities = ₹ 3,40,000; Net Increase in Cash and Cash Equivalents = ₹ 70,000.]

[Hint: Short-term Provision is Provision for Tax.]

Solution:-

Here is the list of all Solutions.

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1	Question – 1
2	Question – 2
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