[ISC] Q. 22 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

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Solution of Question number 22 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

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

Particulars
1. Revenue from Operations (Net Sales)10,00,000
II. Expenses:
(a) Purchases of Stock in Trade
(b) Change in Inventories of Stock in Trade
(c) Depreciation and Amortisation Expense
(d) Other Expense
5,00,000
50,000
25,000
2,75,000
Total Expenses8,50,000
III. Profit before Tax (I – II)
IV. Less: Tax
1,50,000
50,000
V. Profit after Tax (III – IV)1,00,000

Notes to Accounts

Particulars
1. Change in Inventories of Stock-in-Trade
Opening Inventories
Less: Closing Inventories
2,50,000
2,00,000
50,000

Additional Information:

(i) Trade Receivable decreased by ₹ 30,000 during the year.

(ii) Prepaid Expenses increased by ₹ 5,000 during the year.

(iii) Trade Payables decreased by ₹ 15,000 during the year.

(iv) Outstanding expneses increased by ₹ 3,000 during the year.

Solution:-

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

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