[ISC] Q. 21 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

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Solution of Question number 21 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

Calculate Cash Flow from Operating Activities’ from the following Statement of Profit & Loss of Crystal Ltd. for the year ended 31st March, 2022:

Statement of Profit & Loss for the year ended 31st March, 2022

Particulars
I. Revenue from Operations (Net Sales)
II. Other Income
8,40,000
60,000
III. Total Revenue (I + II)9,00,000
IV. Expenses:
(a) Purchase of Stock in Trade
(b) Change in Inventories of Stock-in-Trade
(c) Employee Benefit Expenses
(d) Depreciation and Amortisation Expense
(e) Other Expenses
3,20,000
(20,000)
1,80,000
1,00,000
3,80,000
Total Expenses9,60,000
V. Net Loss before Tax (III – IV)(60,000)

Notes to Accounts

Particulars
1. Other Income
(a) Dividend Received
(b) Commission Accrued
40,000
20,000
60,000
2. Change in Inventories of Stock in Trade
Opening Inventories
Less: Closing Inventories
40,000
60,000
(20,000)
3. Employees Benefit Expenses
Manufacturing Wages
Add: Outstanding Wages
Salaries
40,000
60,000
1,00,000
80,000
1,80,000
4. Depreciation and Amortisation Expenses
(a) Depreciation on Machinery
(b) Goodwill Amortised
60,000
40,000
1,00,000
5. Other Expenses
(a) Selling and Distribution Expenses
(b) Rent
Add: outstanding Rent
(c) Loss on sale of Machinery
1,20,000
40,000
1,20,000
1,60,000
1,00,000
3,80,000

Solution:-

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

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