[ISC] Q. 47 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 47 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following Balance Sheet of Solar Power Ltd. and the additional information given, prepare Cash Flow Statement:

Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
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
1,00,0001,50,000
Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
99,000
50,000
75,000
40,000
Total7,67,0006,35,000
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
Total7,67,0006,35,000
Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
Reserves and Surplus
General Reserve
Surplus, i.e., Balance in Statement of Profit & Loss
70,000
48,000
40,000
30,000
1,18,00070,000
Trade Payables
Creditors
Bills Payable
83,000
16,000
55,000
20,000
99,00075,000
Short-term Provisions
Provision for Tax
50,00040,000
Property, Plant and Equipment
Land and Building
Plant7
1,80,000
1,90,000
2,00,000
80,000
3,70,0002,80,000

Note: Proposed equity dividends for the years ended 31st March, 2022 and 2023 are ₹ 50,000 and ₹ 60,000 respectively.

Additional Information:

  1. Depreciation of ₹ 10,000 and ₹ 20,000 is charged on Plant and Land and Building respectively in the year 2022-23.
  2. An Interim Dividend of ₹ 20,000 is paid in 2022-23.
  3. Share Issue Expenses of ₹ 5,000 were incurred and written off in 2022-23 from the statement of Profit & Loss.
  4. Income Tax ₹ 35,000 was paid during the year 2022-23.

Solution:-

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