[CBSE] Q. 53 Cash Flow Statement TS Grewal Class 12 2023-24

Solution of Question number 53 of the Cash Flow Statement of TS Grewal Book 2023-24 session?

Following is the Balance Sheet of Akash Ltd. as at 31st March, 2023, prepare Cash Flow Statement:

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
I. EQUITY AND LIABILITIES
Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus	30,00,000 (4,25,000)	20,00,000 (5,37,500)
Non-Current Liabilities Long-term Borrowings	7,50,000	6,25,000
Current Liabilities Trade Payables	4,75,000	6,75,000
Total	38,00,000	27,62,500
II. Assets
Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (Machinery) (b) Non-Current Investments	17,25,000 3,00,000	12,50,000 5,00,000
Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents	10,00,000 6,00,000 1,75,000	7,50,000 1,12,500 1,50,000
Total	38,00,000	27,62,500

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss	(4,25,000)	(5,37,500)
Long-term Borrowings 12% Debentures	7,50,000	6,25,000

Additional Information:

(i) Debentures were issued on 1st January, 2023.

(ii) Machinery costing ₹ 5,00,000 on which depreciation charged was ₹ 1,75,000 was sold for ₹ 3,75,000.

(iii) Depreciation charged during the year amounted to ₹ 2,00,000.

(iv) Non-Current Investments were sold at a profit of 20%.

Prepare Cash Flow Statement.

[Ans.: Cash Used in Operating Activities = ₹ 6,36,250; Cash Used in Investing Activities = ₹ 3,85,000; Cash Flow from Financing Activities = ₹ 10,46,250.]

Solution:-

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