[ISC] Q. 23 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Share your love

Solution of Question number 23 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following Statement of Profit & Loss of Crystal Ltd. for the year ended 31st March, 2023, Calculate Cash Flow from Operating Activities:

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

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:-

Here is the list of all Solutions.

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NSolutions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
38Question – 38
39Question – 39
40Question – 40
S.NSolutions
41Question – 41
42Question – 42
43Question – 43
44Question – 44
45Question – 45
46Question – 46
47Question – 47
48Question – 48
49Question – 49
50Question – 50
51Question – 51
52Question – 52
53Question – 53
54Question – 54
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 6649

Leave a Reply

Your email address will not be published. Required fields are marked *

x