[CBSE] Q. 56 Cash Flow Statement TS Grewal Class 12 2023-24
Solution of Question number 56 of the Cash Flow Statement of TS Grewal Book 2023-24 session?
Read the following hypothetical text and answer the given questions on its basis. Profit for the year ended 31st March, 2023 of iPay (a payment processing start up) was ₹ 15,00,000 after accounting the following:
| Particulars | ₹ |
| Depreciation Loss of Furniture due to Fire Interest on Investment (Long-term) Tax Refund | 1,00,000 10,000 25,000 10,000 |
Additional Information:-
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| Share Capital Securities Premium General Reserve Machinery Furniture Marketable Securities 10% Non-Current Investment Patents Cash in Hand and at Bank Bank overdraft Provision for Tax | 20,00,000 15,00,000 2,50,000 5,00,000 80,000 1,00,000 3,00,000 50,000 50,000 5,00,000 1,00,000 | Share Capital Securities Premium General Reserve Machinery Furniture Marketable Securities 10% Non-Current Investment Patents Cash in Hand and at Bank Bank Overdraft Provision for Tax |
(i) Patents purchased during the year was ₹ 50,000.
(ii) Proposed Dividend for the year ended 31st March, 2022 and 2023 was ₹ 1,50,000 and ₹ 2,00,000 respectively.
(iii) Interim Dividend during the year ended 31st March, 2022 and 2023 was ₹ 50,000 and ₹ 1,20,000 respectively.
You are required to:
- Determine Net Profit before Tax and Extraordinary Items.
- Determine Operating Profit before Working Capital Changes
- Determine Cash Flow from Investing Activities.
- Determine Cash Flow from Financing Activities
- Determine Cash and Cash Equivalents.
[Ans.: 1. Net Profit before Tax and Extraordinary Items = ₹ 18,70,000; 2. Operating Profit before Working Capital Changes = ₹ 20,25,000; 3. Cash Used in Investing Activities = ₹ 3,25,000; 4. Cash Flow from Financing Activities = ₹ 30,000; 5. Cash and Cash Equivalents = ₹ 1,50,000.]
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 |
| 23 | Question – 23 |
| 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 |
| S.N | Solutions |
| 51 | Question – 51 |
| 52 | Question – 52 |
| 53 | Question – 53 |
| 54 | Question – 54 |
| 55 | Question – 55 |
| 56 | Question – 56 |
