[ISC] Q. 45 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

Share your love

Solution of Question number 45 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

Balance Sheet of Amul Ltd. as at 31st March, 2022 is given below:

Particulars31st March,
2022 (₹)
31st March,
2021 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds
(a) Share Capital
(b) Reserves and Surplus
4,00,000
3,13,000
3,00,000
2,36,000
2. Current Liabilities
(a) Other Current Liabilities
(b) Short-term Provisions
1,50,000
80,000
1,40,000
90,000
Total9,43,0007,66,000
II. ASSETS
1. Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets:
Property, Plant and Equipment
(b) Non-Current Investments (Trade Investment)
4,30,000
60,000
3,50,000
80,000
2. Current Assets
(a) Inventories
(b) Trade Receivables
(c) Cash and Bank Balances
2,63,000
1,50,000
40,000
2,00,000
1,06,000
30,000
Total9,43,0007,66,000
Particulars31st March,
2022 (₹)
31st March,
2021 (₹)
1. Reserves and Surplus
Capital Reserve
General Reserve
Surplus, i.e., Balance in Statement of Profit & Loss
10,000
65,000
2,38,000

50,000
1,86,000
3,13,0002,36,000
2. Short-term Provisions
Provision for Tax
80,00090,000
3. Property, Plant and Equipment
Machinery (Cost)
Less: Accumulated Depreciation
6,00,000
1,70,000
5,00,000
1,50,000
Total4,30,0003,50,000

Note: Dividend has been proposed @ 12% for both the years on Closing Capital.

Additional Information:

  1. Sold one machine for ₹ 30,000 the cost of which was ₹ 60,000 and the depreciation provided thereon was ₹ 20,000.
  2. Sold some trade investment at a profit which was credited to Capital Reserve.
  3. Income tax paid during the year was ₹ 88,000.
  4. Paid an interim dividend of ₹ 15,000.

Prepare Cash Flow Statement showing the working notes clearly.

Solution:-

Here is the list of all Solutions.

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10

Read Here:- TS Grewal Solutions class 12 ISC Board (2022-23)

S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NSolutions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
38Question – 38
39Question – 39
40Question – 40
S.NSolutions
41Question – 41
42Question – 42
43Question – 43
44Question – 44
45Question – 45
46Question – 46
47Question – 47
48Question – 48
49Question – 49
50Question – 50
51Question – 51
52Question – 52
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7281

Leave a Reply

Your email address will not be published. Required fields are marked *

x