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

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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:

Particulars31st 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
1,40,0001,70,000
3. Current Liabilities
(a) Trade Payables
(b) Other Current Liabilities (Outstanding Expenses)
1,40,000
8,000
1,05,000
20,000
Total7,48,0006,45,000
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
Total7,48,0006,45,000

Notes to Accounts:-

Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit & Loss
60,00050,000
2. Long-term Borrowings
Mortgage Loan
Public Deposits
1,30,000
10,000
1,00,000
70,000
1,40,0001,70,000

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