[ISC] Q. 15 Solution of Cash Flow Statements TS Grewal ISC 2023-24 Edition
Step-by-step solution of Question 15, Chapter 3 Cash Flow Statements, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.
Question 15
Charles Ltd. earned profit of ₹ 1,00,000 after charging depreciation of ₹ 20,000 on assets and a transfer to General Reserve of ₹ 30,000. Goodwill amortised was ₹ 7,000 and gain on sale of machinery was ₹ 3,000.
Other information available is (Changes in the value of Current Assets and Current Liabilities) Trade Receivables showed an increase of ₹ 3,000; Trade Payables an increase of ₹ 6,000; Prepaid expenses an increase of ₹ 200; and Outstanding Expenses a decrease of ₹ 2,000. Ascertain Cash Flow from Operating Activities.
Solution
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About this solution
This is Chapter 3 Cash Flow Statements of ISC TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
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