[ISC] Q. 43 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)
Solution of Question number 43 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?
From the following Balance Sheet of Varun Ltd. and the additional information given, prepare Cash Flow Statement:
| Particulars | 31st March, 2022 (₹) | 31st March, 2021 (₹) |
| 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, 2022 (₹) | 31st March, 2021 (₹) |
| 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, 2021 and 2022 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 2021-22.
- An Interim Dividend of ₹ 20,000 is paid in 2021-22.
- Share Issue Expenses of ₹ 5,000 were incurred and written off in 2021-22 from the statement of Profit & Loss.
- Income Tax ₹ 35,000 was paid during the year 2021-22.
Solution:-
Here is the list of all Solutions.
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
Read Here:- TS Grewal Solutions class 12 ISC Board (2022-23)
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
| S.N | Solutions |
| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
| 36 | Question – 36 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
| S.N | Solutions |
| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
| 46 | Question – 46 |
| 47 | Question – 47 |
| 48 | Question – 48 |
| 49 | Question – 49 |
| 50 | Question – 50 |
| 51 | Question – 51 |
| 52 | Question – 52 |
