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







Related Discussions:- Prepare a schedule of working capital and statement, Assignment Help, Ask Question on Prepare a schedule of working capital and statement, Get Answer, Expert's Help, Prepare a schedule of working capital and statement Discussions

Write discussion on Prepare a schedule of working capital and statement
Your posts are moderated
Related Questions
Question: Company XYZ currently operates a General Insurance company and would like to start selling life insurance products. The intended market is composed of both financial

What are the main functions of the financial systems? The main functions of financial systems in short are as follows: a. Give the mechanisms by that funds can be transferre

what are the difference between receipt and payment account and income and expenditure account ?.

Financial Management On the other hand a financial manager has to meet the company's strategic or long term needs as long term investment are helpful to the company since:

Gloria the Investor Gloria is a seasoned sales manager with a very large international company. Although she has a great deal of experience with sales, she has little experience w

Important points for Working Capital Cycle A lengthy working capital cycle is a sign of poor management of debtors and stock reflecting low turnover of debtors and stock and l

Question 1: (a) What do you meant by the term ‘Life Insurance Contract'? (b) Many people prefer to choose Single life policies compared to Joint life policies. Why is t

Business Ethics - Objectives of Business Entity Connected to the question of social responsibility is the matter of business ethics.  Ethics are explained as the "standards of

Why should Roche care about the spreads on debt instruments

Explain the method of Offer of Sale Method of offer of sale consists in outright sale of securities through intermediary of issue houses or share brokers. In other words, sh