[ISC] Q. 42 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 42 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

Following is the Balance Sheet of Good Luck Ltd. as at 31st March 2023, prepare Cash Flow Statement:

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds (a) Share Capital: Equity Share Capital (b) Reserves and Surplus	4,00,000 60,000	3,00,000 50,000
2. Non-Current Liabilities Long-term Borrowings	1,40,000	1,70,000
3. Current Liabilities (a) Trade Payables (b) Other Current Liabilities (Outstanding Expenses)	1,40,000 8,000	1,05,000 20,000
Total	7,48,000	6,45,000
II. Assets
Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (Goodwill)	2,98,000 45,000	1,75,000 60,00
Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances	2,80,000 92,000 33,000	2,00,000 1,20,000 90,000
Total	7,48,000	6,45,000

Notes to Accounts:-

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
1. Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss	60,000	50,000
2. Long-term Borrowings Mortgage Loan Public Deposits	1,30,000 10,000	1,00,000 70,000
	1,40,000	1,70,000

Solution:-

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