[ISC] Q. 21 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 21 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

Following information is related to Star Ltd:

Statement of Profit & Loss for the year ended 31st March, 2023

Particulars	₹
I. Revenue from Operations (Net Sales) II. Other Income	30,00,000 45,000
III. Total Revenue (I + II)	30,45,000
Iv. Expenses (a) Purchase of Stock in Trade (b) Change in inventories of stock in trade (c) Depreciation and Amortisation Expense (d) Other Expenses	23,03,000 (16,000) 1,85,000 3,29,000
Total Expenses	28,01,000
V. Profit before Tax (III – IV) VI. Less: Tax	2,44,000 64,000
VII. Profit after Tax (V – VI)	1,80,000

Notes to Accounts

Particulars	₹
1. Other Income (a) Dividend Received (b) Gain (Profit) on Sale of Plant	5,000 40,000
	45,000
2. Changes in Inventories of Stock in Trade (a) Opening Inventories (b) Less: Closing Inventories	2,84,000 3,00,000
	(16,000)
3. Other Expenses (a) Office Expenses (b) Selling Expenses (c) Loss on Sale of Furniture	58,000 2,35,000 36,000
	3,29,000

Other information	As on 31st March, 2023	As on 31st March, 2022
Trade Payables Trade Receivables Office Expenses Outstanding Selling Expenses Outstanding	2,78,000 4,52,000 – 25,000	2,50,000 4,15,000 5,000 22,000

Determine Cash Flow from Operating Activities

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
51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54