[ISC] Q. 9 Cash Flow Statement Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 9 of the Cash Flow Statement of TS Grewal Book 2023-24 session ISC Board?

Calculate Net Profit before Tax of Power Tools Ltd. from its Balance Sheet as at 31st March, 2023:

ParticularsNote No.31st March,
2023 (₹)
31st March,
2022 (₹)
I. Equity and Liabilities
1. Shareholder’s Funds
(a) Share Capital
(b) Reserves and Surplus
5,00,000
2,00,000
5,00,000
1,45,000
2. Current Liabilities
(a) Short-term Borrwings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short-term Provisions
10,000
80,000
20,000
50,000
15,000
35,000
10,000
30,000
Total8,60,0007,35,000
II. Assets
1. Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets:
– Property, Plant and Equipment
(b) Non-Current Investments
4,00,000
1,50,000
3,75,000
1,50,000
2. Current Assets3,10,0002,10,000
Total8,60,0007,35,000
Particulars31st March,
2023 (₹)
31st March
2022 (₹)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit & Loss A/c
2,00,0001,45,000
2. Other Current Liabilities
Outstanding Expenses
20,00010,000
3. Short-term Provisions
Provision for Tax
50,00030,000

Note: Proposed Dividend for the years ended 31st March, 2022 and 2023 are ₹ 50,000 and ₹ 25,000 respectively.

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