[ISC] Q. 20 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 20 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following Balance Sheet of Powerful Ltd., Determine Cash Flow from Operating Activities:

Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital
(b) Reserves and Surplus
5,00,000
1,18,000
4,50,000
70,000
2. Current Liabilities
(a) Trade Payables
(b) Other Current Liabilities
(c) Short-term Provisions
83,000
16,000
50,000
55,000
20,000
40,000
Total7,67,0006,35,000
II. Assets
1. Non-Current Assets
Property, Plant and Equipment and Intangible Assets:
– Property, Plant and Equipment
– Intangible Assets (Goodwill)
3,20,000
90,000
2,38,000
1,15,000
1. Non-Current Assets
Property, Plant and Equipment, and Intangible Assets:
– Property, Plant and Equipment
– Intangible Assets (Goodwill)
10,000
87,000
2,52,000
8,000
15,000
97,000
1,60,000
10,000
Total7,67,0006,35,000

Note:-

Proposed Dividend for the year ended 31st March, 2022 was ₹ 50,000 and for the year ended 31st March, 2023 is ₹ 60,000.

Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
1. Reserves and Surplus
General Reserve
Surplus,i.e., Balance in Statement of Profit & Loss
70,000
48,000
40,000
30,000
2. Short-term Provisions
Provision for Tax
50,00040,000
3. Property, Plant and Equipment
Building
Plant
1,70,000
1,50,000
2,00,000
38,000
Total3,20,0002,38,000

Solution:-

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