[ISC] Q. 51 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 51 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

Following is the summarised Balance Sheet of Philips India Ltd. as at 31st March, 2023:

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders Funds (a) Share Capital (b) Reserves and Surplus	13,50,000 11,34,000	13,50,000 10,68,000
2. Non-Current Liabilities Long-term Borrowings: 10% Mortgage Loan	8,10,000	–
3. Current Liabilities (a) Trade Payables (b) Short-term Provisions (Provision for Tax)	4,02,000 30,000	5,04,000 2,25,000
Total	37,26,000	31,47,000
II. ASSETS
1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (b) Non-Current Investments	9,60,000 1,80,000	12,00,000 1,50,000
2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances	6,30,000 13,65,000 5,91,000	7,20,000 6,30,000 4,47,000
Total	37,26,000	31,47,000

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss	9,30,000 2,04,000	9,00,000 1,68,000
	11,34,000	10,68,000

Additional Information:

1. Investing costing ₹ 24,000 were sold during the year for ₹ 25,500.
2. Provision for Tax made during the year was ₹ 27,000.
3. During the year a part of the Fixed (Tangible) Assets having a book value of ₹ 30,000 was sold for ₹ 36,000. The profit was included in Statement of Profit & Loss.
4. Interim Dividend paid during the year amounted to ₹ 1,20,000.

You are required to prepare Cash Flow Statement.

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

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
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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

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
53	Question – 53
54	Question – 54