[CBSE] Q. 50 Cash Flow Statement TS Grewal Class 12 2023-24

Solution of Question number 50 of the Cash Flow Statement of TS Grewal Book 2023-24 session?

Following is the Balance Sheet of Sonal Ltd:

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
EQUITY AND LIABILITIES
Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus	6,00,000 1,28,000	5,50,000 70,000
Current Liabilities (a) Trade Payables (b) Short-term Provisions	1,22,000 50,000	88,000 40,000
Total	9,00,000	7,48,000
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) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents	10,000 1,82,000 1,57,000 91,000	15,000 1,00,000 1,57,000 81,000
Total	9,00,000	7,48,000

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Share Capital Equity Share Capital 10% Preference Share Capital	5,00,000 1,00,000	4,00,000 1,50,000
	6,00,000	5,50,000
Reserves and Surplus Securities Premium General Reserve Surplus, i.e., Balance in Statement of Profit & Loss	10,000 70,000 48,000	– 40,000 30,000
	1,28,000	70,000
Short-term Provisions Provision for Tax	50,000	40,000
	50,000	40,000

Additional Information:

1. Proposed dividend for the years ended 31st March, 2023 and 2022 were ₹ 60,000 and ₹ 50,000 respectively.
2. A machine costing ₹ 50,000 (depreciation provided thereon ₹ 30,000) was sold for ₹ 10,000.
3. Depreciation charged during the year was ₹ 20,000.
4. Interim dividend paid ₹ 20,000.
5. Income Tax paid ₹ 35,000.

Prepare a Cash Flow Statement for the year ended 31st March, 2023, complying with AS-3 (Revised)

[Ans.: Cash Flow Operating Activities = ₹ 1,35,000; Cash Used in Investing Activities = ₹ 1,20,000; Cash Used in Financing Activities = ₹ 10,000; Net Increase in Cash and Cash Equivalents = ₹ 5,000.]

Solution:-

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1	Question – 1
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50	Question – 50

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