Prepare a schedule of working capital and statement, Finance Basics

The Balance Sheet of Bharat Machinery Ltd., as on December 31, 2009 and 2010 are as follows: 

Items

Dec. 31, 2009

Rs.

Dec. 31, 2010

Rs.

Assets

 

 

Plant and Machinery  

5,00,000

8,00,000

Land and Buildings

   80,000

1,20,000

Stock

1,00,000

   75,000

Sundry Debtors

1,50,000

1,60,000

Cash

   20,000

   20,000

 

8,50,000

11,75,000

Liabilities and Capital

 

 

Share Capital

5,00,000

7,00,000

Profit and Loss A/c

1,00,000

1,60,000

General Reserve

   50,000

70,000

Sundry Creditors

1,53,000

1,90,000

Bills Payable

   40,000

50,000

Outstanding Expenses

   7,000

5,000

 

8,50,000

11,75,000

Additional Information

(i)  Depreciation of Rs. 50,000 has been charged on Plant and Machinery during the year 2010.

(ii) A piece of machinery was sold for Rs. 8,000 during the year 2010. It had cost Rs. 12,000, depreciation of Rs. 7,000 had been provided on it.

Prepare a schedule of change in working capital and a statement showing the sources and application of funds for the year 2010.

Posted Date: 4/6/2013 1:52:46 AM | Location : United States







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