[ISC] Q. 37 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

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Solution of Question number 37 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

From the following extract of Balance Sheet of Cloud 9 Ltd, Calculate Cash Flow from Financing Activities:

Particulars31st March,
2022 (₹)
31st March,
2021 (₹)
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
6,00,0004,00,000

Notes to Accounts:

Particulars31st March,
2022 (₹)
31st March,
2021 (₹)
1. Share Capital
Equity Share Capital
10% Preference Share Capital
8,00,000
2,00,000
6,00,000
4,00,000
Total10,00,00010,00,000
2. Reserves and Surplus
(a) Securities Premium Reserve – Received
Less: Share issue Expenses Writtenf 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 Payable3,35,000
1,30,000
2,00,000
2,05,0002,00,000
Total (a + b)2,30,0002,00,000

Additional information:

  1. Dividend @ 15% on Equity Shares and @ 10% on Preference Shares was declared by the Shreholders on 15th September, 2021.
  2. Preferencer Shares were redeemed at par on 31st March, 2022.
  3. Debentures were issued on 31st March, 2022.
  4. Equity Shares were issued on 31st March, 2022 at a premium of 15%.
  5. Interest on 12% Debentures still payable is ₹ 9,600.

Solution:-

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

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