[ISC] Q. 18 Solution of Cash Flow Statements TS Grewal ISC 2023-24 Edition
Step-by-step solution of Question 18, Chapter 3 Cash Flow Statements, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.
Question 18
From the following extracts of a company’s Balance Sheets, and the additional information, you are required to calculate Cash from Operating Activities for the year ending 31st March, 2021.
Anjan Ltd. reported a profit of ₹ 80,000 for the year ended 31st March, 2021, after considering the following:
- (i) Tax provided during the year ₹ 4,000
- (ii) Amortisation of patents ₹ 10,000
- (iii) Profit on sale of vehicle ₹ 3,000
- (iv) Writing off preliminary expenses ₹ 2,000
- (v) During the year, machinery costing ₹ 40,000 (accumulated depreciation thereon being ₹ 18,000) was sold for ₹ 6,000.
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.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.
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