[ISC] Q. 17 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

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Solution of Question number 17 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

Profit of Arthur Ltd. for the year ended 31st March, 2022 was ₹ 1,25,000 after considering the following:

(a) Provision for Tax during the year20,000
(b) Goodwill Amortised10,000
(c) Gain (Profit) on Sale of Furniture5,000
(d) Preliminary Expenses Written off2,000
(e) Machinery costing ₹ 80,000 (accumulated depreciation thereon being ₹ 20,000) was sold during the year at a loss of ₹ 10,000.
(f) Dividend Paid during the year.

Extract of Balance Sheet in the beginning and at the end of the year is given below:

Particulars31st March,
2021 (₹)
31st March,
2022 (₹)
Trade Receivables
Inventory (Stock)
Cash at Bank
Trade Payables
Expenses Outstanding
Provision for Tax
Current Investments
Plant and Machinery (Net)
40,000
30,000
10,000
22,000
5,000
10,000
40,000
1,40,000
48,000
24,000
8,000
18,000
6,000
8,000
70,000
60,000

Note: Proposed dividend for the years ended 31st March, 2021 and 31st March, 2022 are ₹ 15,000 and ₹ 10,000 respectively.

Determine Cash Flow from Operating Activities, Show you Working Clearly.

Solution:-

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Read Here:- TS Grewal Solutions class 12 ISC Board (2022-23)

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