[ISC] Q. 51 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 51 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

Following is the summarised Balance Sheet of Philips India Ltd. as at 31st March, 2023:

Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus
13,50,000
11,34,000
13,50,000
10,68,000
2. Non-Current Liabilities
Long-term Borrowings: 10% Mortgage Loan
8,10,000
3. Current Liabilities
(a) Trade Payables
(b) Short-term Provisions (Provision for Tax)
4,02,000
30,000
5,04,000
2,25,000
Total37,26,00031,47,000
II. ASSETS
1. Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets:
Property, Plant and Equipment
(b) Non-Current Investments
9,60,000
1,80,000
12,00,000
1,50,000
2. Current Assets
(a) Inventories
(b) Trade Receivables
(c) Cash and Bank Balances
6,30,000
13,65,000
5,91,000
7,20,000
6,30,000
4,47,000
Total37,26,00031,47,000
Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
Reserves and Surplus
General Reserve
Surplus, i.e., Balance in Statement of Profit & Loss
9,30,000
2,04,000
9,00,000
1,68,000
11,34,00010,68,000

Additional Information:

  1. Investing costing ₹ 24,000 were sold during the year for ₹ 25,500.
  2. Provision for Tax made during the year was ₹ 27,000.
  3. During the year a part of the Fixed (Tangible) Assets having a book value of ₹ 30,000 was sold for ₹ 36,000. The profit was included in Statement of Profit & Loss.
  4. Interim Dividend paid during the year amounted to ₹ 1,20,000.

You are required to prepare Cash Flow Statement.

Solution:-

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