Q56 Cash Flow Statement TS Grewal Solutions Class 12 Accountancy 2024-25

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Q56. Read the following hypothetical text and answer the given questions on its basis. Profit for the year ended 31st March, 2023 of iPay (a payment processing start up) was ₹ 15,00,000 after accounting the following:

Read the following hypothetical text and answer the given questions on its basis. Profit for the year ended 31st March, 2023 of iPay (a payment processing start up) was ₹ 15,00,000 after accounting the following:

Particulars	₹
Depreciation Loss of Furniture due to Fire Interest on Investment (Long-term) Tax Refund	1,00,000 10,000 25,000 10,000

Additional Information:-

Particulars	31st March, 2023 (₹)	31st March, 2022 (₹)
Share Capital Securities Premium General Reserve Machinery Furniture Marketable Securities 10% Non-Current Investment Patents Cash in Hand and at Bank Bank overdraft Provision for Tax	20,00,000 15,00,000 2,50,000 5,00,000 80,000 1,00,000 3,00,000 50,000 50,000 5,00,000 1,00,000	15,00,000 20,00,000 2,50,000 3,00,000 1,00,000 – 2,00,000 80,000 1,00,000 7,00,000 75,000

(i) Patents purchased during the year was ₹ 50,000.

(ii) Proposed Dividend for the year ended 31st March, 2022 and 2023 was ₹ 1,50,000 and ₹ 2,00,000 respectively.

(iii) Interim Dividend during the year ended 31st March, 2022 and 2023 was ₹ 50,000 and ₹ 1,20,000 respectively.

You are required to:

1. Determine Net Profit before Tax and Extraordinary Items.
2. Determine Operating Profit before Working Capital Changes
3. Determine Cash Flow from Investing Activities.
4. Determine Cash Flow from Financing Activities
5. Determine Cash and Cash Equivalents.

SOLUTION:

WORKING NOTE

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More TS Grewal Class 12 Accountancy Solutions For Cash Flow Statement

Serial No	Question
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
11	Question 11
12	Question 12
13	Question 13
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50	Question 50
51	Question 51
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53	Question 53
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55	Question 55
56	Question 56