[ISC] Q. 54 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

Solution of Question number 54 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

Prepare Cash Flow Statement of Raja Ltd. for the year ended 31st March, 2023:

Balance Sheet of Star Ltd. as at 31st March, 2023

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
I. EQUITY AND LIABILITIES
Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus	5,00,000 3,20,000	4,00,000 2,50,000
Non-Current Liabilities Long-term Borrowings	2,00,000	1,00,000
Current Liabilities (a) Trade Payables (b) Short-term Provisions (c) Other Current Liabilities	1,50,000 35,000 5,000	90,000 30,000 10,000
Total	12,10,000	8,80,000
II. ASSETS
Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (b) Non-Current Investments	7,00,000 70,000	5,00,000 50,000
Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances	60,000 1,20,000 2,60,000	90,000 70,000 1,70,000
Total	12,10,000	8,80,000

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Reserves and Surplus Securities Premium Reserve General Reserve Surplus, i.e., Balance in Statement of Profit & Loss	5,000 1,00,000 2,15,000	– 80,000 1,70,000
	3,20,000	2,50,000
Long-term Borrowings 10% Debentures	2,00,000	1,00,000
Short-term Provisions Provision for Tax	35,000	30,000
Other Current Liabilities Unclaimed Dividend	5,000	10,000
Property, Plant and Equipment Machinery (cost) Less: Accumulated Depreciation	8,50,000 1,50,000	6,10,000 1,10,000
	7,00,000	5,00,000

Additional Information:

1. During the year, machinery costing ₹ 1,00,000 (accumulated depreciation thereon ₹ 70,000) was sold at a loss of 20%.
2. Equity Shares were issued at a premium of 15% on 1st April, 2022.
3. Additional debentures were issued on 1st October, 2022 at a discount of 10%. The company wrote off the discount on issue of debentures from Securities Premium.
4. Interim Dividend paid during the year amounted to ₹ 25,000.
5. The company proposed Dividend of ₹ 40,000 and ₹ 50,000 on equity shares for the year ended 31st March, 2022 and 2023 respectively.

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

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
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24	Question – 24
25	Question – 25
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27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

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31	Question – 31
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33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

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42	Question – 42
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50	Question – 50
51	Question – 51
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53	Question – 53
54	Question – 54