Welcome to CommerceNinja’s solutions for TS Grewal’s Class 12 Cash Flow Statement. For the session 2024-25.
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Q51. From the following details relating to Grow More Ltd., Prepare Cash Flow Statement Balance Sheet of Grow More 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 | 20,00,000 6,00,000 | 16,00,000 4,20,000 |
| Non-Current Liabilities Long-term Borrowings: 10% Debentures | 4,00,000 | – |
| Current Liabilities (a) Trade Payables (b) Short-term Provisions | 14,00,000 2,00,000 | 16,40,000 1,40,000 |
| Total | 46,00,000 | 38,00,000 |
| II. Assets | ||
| Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (b) Non-Current Investments | 26,00,000 2,00,000 | 18,00,000 |
| Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents | 8,00,000 10,00,000 – | 4,00,000 14,00,000 2,00,000 |
| Total | 46,00,000 | 38,00,000 |
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| Share Capital Issued, Subscribed and Paid-up Equity Shares of ₹ 100 each fully paid | ||
| Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss | ||
| Short-term Provisions Provision for Tax | ||
| Property, Plant and Equipment Plant and Machinery Land and Building |
Additional Information:
- Depreciation @ 25% was charged on the opening value of Plant and Machinery.
- During the year one old machine costing ₹ 1,00,000 (written Down Value ₹ 40,000) was sold for ₹ 70,000.
- ₹ 1,00,000 was paid as income tax during the year.
- Proposed dividend for the year ended 31st March, 2023 was ₹ 4,00,000 and for the year ended 31st March, 2022 was ₹ 2,00,000.
- During the current year new debentures were issued on 1st October, 2022.
SOLUTION:
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