Solution of Q 21 Cash Flow Statements TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 21, Chapter 5 Cash Flow Statements, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 21
Arthur Ltd. reported a profit of ₹90,000 for the year ended 31st March, 2022, after considering the following:
- (a) Tax provided during the year ₹3,000
- (b) Amortisation of goodwill ₹12,000
- (c) Profit on sale of land ₹5,000
- (d) Machinery costing ₹40,000 (accumulated depreciation thereon being ₹18,000) was sold during the year at a loss of ₹17,000.
Extract of its Balance Sheet in the beginning and at the end of the year is given below:
Solution
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About this solution
This is Chapter 5 Cash Flow Statements of TS Grewal Edition 2022-23.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
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