[ISC] Q. 41 Cash Flow Statement Solution TS Grewal Class 12 (2026-27)
Solution of Question number 41 of the Cash Flow Statement of TS Grewal Book 2026-27 session ISC Board?
From the following Balance Sheet of Solar Power Ltd. and the additional information given, prepare Cash Flow Statement:
| Particulars | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
| I. EQUITY AND LIABILITIES | ||
| Shareholder’s Funds (a) Share Capital: Equity Share Capital (b) Reserves and Surplus | 4,00,000 1,18,000 | 3,00,000 70,000 |
| Non-Current Liabilities Long-term Borrowings | 1,00,000 | 1,50,000 |
| Current Liabilities (a) Trade Payables (b) Short-term Provisions | 99,000 50,000 | 75,000 40,000 |
| Total | 7,67,000 | 6,35,000 |
| II. Assets | ||
| Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (Goodwill) | 3,70,000 90,000 | 2,80,000 1,15,000 |
| Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances: Cash at Bank | 59,000 2,30,000 18,000 | 35,000 1,80,000 25,000 |
| Total | 7,67,000 | 6,35,000 |
| Particulars | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
| Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss | 70,000 48,000 | 40,000 30,000 |
| 1,18,000 | 70,000 | |
| Trade Payables Creditors Bills Payable | 83,000 16,000 | 55,000 20,000 |
| 99,000 | 75,000 | |
| Short-term Provisions Provision for Tax | 50,000 | 40,000 |
| Property, Plant and Equipment Land and Building Plant7 | 1,80,000 1,90,000 | 2,00,000 80,000 |
| 3,70,000 | 2,80,000 |
Note: Proposed equity dividends for the years ended 31st March, 2022 and 2023 are ₹ 50,000 and ₹ 60,000 respectively.
Additional Information:
- Depreciation of ₹ 10,000 and ₹ 20,000 is charged on Plant and Land and Building respectively in the year 2022-23.
- An Interim Dividend of ₹ 20,000 is paid in 2022-23.
- Share Issue Expenses of ₹ 5,000 were incurred and written off in 2022-23 from the statement of Profit & Loss.
- Income Tax ₹ 35,000 was paid during the year 2022-23.
Solution:-
