[ISC] Q. 47 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

Solution of Question number 47 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

From the following information, prepare Cash Flow Statement for Ronak Ltd:

Balance Sheet of Ronak Ltd. as at 31st March, 2022

Particulars	31st March, 2022 (₹)	31st March, 2021 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders Funds (a) Share Capital: Equity Share Capital (b) Reserves and Surplus	3,50,000 5,000	2,50,000 40,000
2. Non-Current Liabilities Long-term Borrowings: 12% Debentures	1,00,000	60,000
3. Current Liabilities Trade Payables	1,25,000	1,50,000
Total	5,80,000	5,00,000
II. Assets
1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (Plant and Machinery) (b) Non-Current Investments	2,80,000 1,00,000	2,00,000 1,00,000
2. Current Assets (a) Current Investments (b) Trade Receivables (c) Cash and Bank Balances (Cash at Bank)	10,000 1,60,000 30,000	10,000 1,50,000 40,000
Total	5,80,000	5,00,000

Notes to Accounts:

Particulars	31st March, 2022 (₹)	31st March, 2021 (₹)
Reserves and Surplus Securitites Premium Reserve Less: Discount on issue of Debentures	25,000 4,000	–
Surplus, i.e., Balance in Statement of Profit & Loss	21,000 (16,000)	– 40,000
	5,000	40,000
Trade Receivables Debtors Less: Provision for Doubtful debts	1,65,000 5,000	1,53,000 3,000
	1,60,000	1,50,000

Additional Information:

1. All Debtors are good.
2. New Debentures were issued on 1st April, 2021 at a discount of 10% and such discount was written off from Securities Premium Reserve.
3. During the year, a machine included in Plant and Machinery costing ₹ 1,20,000 was purchased and another machine of the books value of ₹ 30,000 was sold at a loss of ₹ 2,000.
4. Dividend was proposed for the year ended 31st March, 2021 @ 10%, which was not approved by the shareholders in the Annual General Meeting.

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

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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