[ISC] Q. 47 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 47 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following Balance Sheet of Solar Power Ltd. and the additional information given, prepare Cash Flow Statement:

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
I. EQUITY AND LIABILITIES
Shareholder’s Funds (a) Share Capital: Equity Share Capital (b) Reserves and Surplus	4,00,000 1,18,000	3,00,000 70,000
Non-Current Liabilities Long-term Borrowings	1,00,000	1,50,000
Current Liabilities (a) Trade Payables (b) Short-term Provisions	99,000 50,000	75,000 40,000
Total	7,67,000	6,35,000
II. Assets
Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (Goodwill)	3,70,000 90,000	2,80,000 1,15,000
Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances: Cash at Bank	59,000 2,30,000 18,000	35,000 1,80,000 25,000
Total	7,67,000	6,35,000

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss	70,000 48,000	40,000 30,000
	1,18,000	70,000
Trade Payables Creditors Bills Payable	83,000 16,000	55,000 20,000
	99,000	75,000
Short-term Provisions Provision for Tax	50,000	40,000
Property, Plant and Equipment Land and Building Plant7	1,80,000 1,90,000	2,00,000 80,000
	3,70,000	2,80,000

Note: Proposed equity dividends for the years ended 31st March, 2022 and 2023 are ₹ 50,000 and ₹ 60,000 respectively.

Additional Information:

1. Depreciation of ₹ 10,000 and ₹ 20,000 is charged on Plant and Land and Building respectively in the year 2022-23.
2. An Interim Dividend of ₹ 20,000 is paid in 2022-23.
3. Share Issue Expenses of ₹ 5,000 were incurred and written off in 2022-23 from the statement of Profit & Loss.
4. Income Tax ₹ 35,000 was paid during the year 2022-23.

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

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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
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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
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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
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53	Question – 53
54	Question – 54