[ISC] Q. 36 Cash Flow Statement Solution TS Grewal Class 12 (2026-27)
Solution of Question number 36 of the Cash Flow Statement of TS Grewal Book 2026-27 session ISC Board?
From the following extract of Balance Sheet of Cloud 9 Ltd, Calculate Cash Flow from Financing Activities:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus | 10,00,000 2,30,000 | 10,00,000 2,00,000 |
| 2. Non-Current Liabilities Long-term Borrowings (12% Debenture) | 6,00,000 | 4,00,000 |
Notes to Accounts:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| 1. Share Capital Equity Share Capital 10% Preference Share Capital | 8,00,000 2,00,000 | 6,00,000 4,00,000 |
| Total | 10,00,000 | 10,00,000 |
| 2. Reserves and Surplus (a) Securities Premium Reserve – Received Less: Share issue Expenses Written off | 30,000 5,000 | – – |
| 25,000 | – | |
| (b) Surplus, i.e., Balance in Statement of Profit & Loss: Opening Balance Add: Net Profit (as per Statement of Profit & Loss) | 2,00,000 1,35,000 | 1,50,000 50,000 |
| Less: Dividend Payable | 3,35,000 1,30,000 | 2,00,000 – |
| 2,05,000 | 2,00,000 | |
| Total (a + b) | 2,30,000 | 2,00,000 |
Additional information:
- Dividend @ 15% on Equity Shares and @ 10% on Preference Shares was declared by the Shareholders on 15th September 2022.
- Preference Shares were redeemed at par on 31st March, 2023.
- Debentures were issued on 31st March 2023.
- Equity Shares were issued on 31st March, 2023 at a premium of 15%.
- Interest on 12% Debentures still payable is ₹ 9,600.
Solution:-
