[ISC] Q. 49 Solution of Cash Flow Statement TS Grewal Class 12 (2022-23)

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Solution of Question number 49 of the Cash Flow Statement of TS Grewal Book 2022-23 session ISC Board?

From the following Balance Sheet of Pioneer Construction Ltd. as at 31st March, 2022, prepare Cash Flow Statement:

Balance Sheet of PIONEER CONSTRUCTION LTD. as at 31st March, 2022.

Particulars31st March,
2022 (₹)
31st March,
2021 (₹)
I. EQUITY AND LIABILITIES
Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus
3,50,000
1,75,000
2,50,000
1,00,000
Non-Current Liabilities
Long-term Borrwings – Bank Loan
25,00050,000
Non-Current Liabilities
Long-term Borrowings – Bank Loan
26,000
25,000
27,500
15,000
Total6,01,0004,42,500
II. Assets
Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets:
(i) Property, Plant and Equipment – Equipment
(ii) Intangible Assets – Patents
(b) Non-Current Investments
2,50,000
47,500
50,000
2,50,000
50,000
2,500
Current Assets
(a) Inventories – Stock
(b) Trade Receivables – Debtors
(c) Cash and Bank Balances (Cash at Bank)
65,000
60,000
1,28,500
25,000
40,000
75,000
Total6,01,0004,42,500
Particulars31st March,
2022 (₹)
31st March,
2021 (₹)
Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit & Loss
1,75,0001,00,000
Short-term Provisions
Provision for Tax
25,00015,000

Notes: Proposed Dividend for the years ended 31st March, 2021 and 2022 are ₹ 35,000 and ₹ 25,000 respectively.

Additional Information:

  1. During the year, equipment costing ₹ 50,000 was purchased. Loss on sale of equipment amounted to ₹ 6,000, ₹ 9,000 depreciation was charged on equipment.
  2. Tax paid during the year was ₹ 15,000.
  3. An Interim Dividend of ₹ 20,000 was paid during the year.

Solution:-

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

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