[ISC] Q. 9 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 9 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

Calculate Net Profit before Tax of Power Tools Ltd. from its Balance Sheet as at 31st March, 2023:

Particulars	Note No.	31st March, 2023 (₹)	31st March, 2022 (₹)
I. Equity and Liabilities
1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus		5,00,000 2,00,000	5,00,000 1,45,000
2. Current Liabilities (a) Short-term Borrwings (b) Trade Payables (c) Other Current Liabilities (d) Short-term Provisions		10,000 80,000 20,000 50,000	15,000 35,000 10,000 30,000
Total		8,60,000	7,35,000
II. Assets
1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: – Property, Plant and Equipment (b) Non-Current Investments		4,00,000 1,50,000	3,75,000 1,50,000
2. Current Assets		3,10,000	2,10,000
Total		8,60,000	7,35,000

Particulars	31st March, 2023 (₹)	31st March 2022 (₹)
1. Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss A/c	2,00,000	1,45,000
2. Other Current Liabilities Outstanding Expenses	20,000	10,000
3. Short-term Provisions Provision for Tax	50,000	30,000

Note: Proposed Dividend for the years ended 31st March, 2022 and 2023 are ₹ 50,000 and ₹ 25,000 respectively.

Solution:-

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