[ISC] Q. 44 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 44 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following Balance Sheet of Libra Ltd., prepare Cash Flow Statement:

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus	2,90,000 72,000	2,50,000 50,000
2. Current Liabilities Trade Payables	5,000	23,000
Total	3,67,000	3,23,000
II. Assets
1. Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (Goodwill)	1,50,000 20,000	1,40,000 30,000
2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances: Cash at Bank	20,000 1,60,000 17,000	18,000 1,20,000 15,000
Total	3,67,000	3,23,000

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Share Capital Equity Share Capital 12% Preference Share Capital	2,50,000 40,000	2,00,000 50,000
	2,90,000	2,50,000
Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss	55,000 17,000	35,000 15,000
	72,000	50,000
Property, Plant and Equipment Building Plant	80,000 70,000	1,00,000 40,000
	1,50,000	1,40,000

Depreciation charged on Plant was ₹ 30,000 and on Building ₹ 50,000.

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