[ISC] Q. 23 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 23 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following Statement of Profit & Loss of Crystal Ltd. for the year ended 31st March, 2023, Calculate Cash Flow from Operating Activities:

Statement of Profit & Loss for the year ended 31st March, 2023

Particulars	₹
I. Revenue from Operations (Net Sales) II. Other Income	8,40,000 60,000
III. Total Revenue (I + II)	9,00,000
IV. Expenses: (a) Purchase of Stock in Trade (b) Change in Inventories of Stock-in-Trade (c) Employee Benefit Expenses (d) Depreciation and Amortisation Expense (e) Other Expenses	3,20,000 (20,000) 1,80,000 1,00,000 3,80,000
Total Expenses	9,60,000
V. Net Loss before Tax (III – IV)	(60,000)

Notes to Accounts

Particulars		₹
1. Other Income (a) Dividend Received (b) Commission Accrued		40,000 20,000
		60,000
2. Change in Inventories of Stock in Trade Opening Inventories Less: Closing Inventories		40,000 60,000
		(20,000)
3. Employees Benefit Expenses Manufacturing Wages Add: Outstanding Wages Salaries	40,000 60,000	1,00,000 80,000
		1,80,000
4. Depreciation and Amortisation Expenses (a) Depreciation on Machinery (b) Goodwill Amortised		60,000 40,000
		1,00,000
5. Other Expenses (a) Selling and Distribution Expenses (b) Rent Add: outstanding Rent (c) Loss on sale of Machinery	1,20,000 40,000	1,20,000 1,60,000 1,00,000
		3,80,000

Solution:-

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1	Question – 1
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