[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:
- During the year, machinery costing ₹ 1,00,000 (accumulated depreciation thereon ₹ 70,000) was sold at a loss of 20%.
- Equity Shares were issued at a premium of 15% on 1st April, 2022.
- 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.
- Interim Dividend paid during the year amounted to ₹ 25,000.
- 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 |
| S.N | Solutions |
| 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 |
