Welcome to CommerceNinja’s solutions for TS Grewal’s Class 12 Cash Flow Statement. For the session 2024-25.
Our expertly crafted notes break down complex cash flow concepts into clear, manageable steps, ensuring you grasp both preparation and interpretation.
Designed to align perfectly with your curriculum, these solutions are ideal for exam preparation and enhancing your understanding of accounting.
Explore our detailed explanations and annotations to master the cash flow statement and boost your confidence in this essential area of accounting. Happy studying!
Q.52 Following is the summarised Balance Sheet of Philips India 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 | 13,50,000 11,34,000 | 13,50,000 10,68,000 |
| Non-Current Liabilities Long-term Borrowings: 10% Mortgage Loan | 8,10,00 | – |
| Current Liabilities (a) Trade Payables (Creditors) (b) Short-term Provisions: Provision for Tax | 4,02,000 30,000 | 5,04,000 2,25,000 |
| Total | 37,26,000 | 31,47,000 |
| II. Assets | ||
| Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (b) Non-Current Investments | 9,60,000 1,80,000 | 12,00,000 1,50,000 |
| Current Assets (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents Bank | 21,000 6,30,000 13,65,000 5,70,000 | 17,000 7,20,000 6,30,000 4,30,000 |
| Total | 37,26,000 | 31,47,000 |
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss | 9,30,000 2,04,000 | 9,00,000 1,68,000 |
| 11,34,000 | 10,68,000 |
Additional Information:
- Investments costing ₹ 24,000 were sold during the year for ₹ 25,500.
- Provision for Tax made during the year was ₹ 27,000.
- During the year, a part of the Fixed Assets Costing ₹ 30,000 was sold for ₹ 36,000. The profits were included in the statement of Profit & Loss.
- The Interim Dividend paid during the year amounted to ₹ 1,20,000.
SOLUTION:
How CommerceNinjas Can Help You Score 90%+ In Commerce?
At CommerceNinjas we are dedicated to making the best and most student friendly content in the field of 11th and 12th Commerce. We provide lectures, notes, cheatsheets, planners and a lot of other resources to help you ace your CBSE Commerce.
Check out our YouTube channel for free lectures and content and our Instagram page for kuch zyada funny memes.
Chalo ab padhlo 😉