[ISC] Q. 52 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 52 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

From the following Balance Sheet of Pioneer Construction Ltd. as at 31st March, 2023, prepare Cash Flow Statement:

Balance Sheet of PIONEER CONSTRUCTION LTD. as at 31st March, 2023

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
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	25,000	50,000
Non-Current Liabilities Long-term Borrowings – Bank Loan	26,000 25,000	27,500 15,000
Total	6,01,000	4,42,500
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
Total	6,01,000	4,42,500

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss	1,75,000	1,00,000
Short-term Provisions Provision for Tax	25,000	15,000

Notes: Proposed Dividend for the years ended 31st March, 2022 and 2023 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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