Prepare a schedule of working capital and statement, Finance Basics

Assignment Help:

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.


Related Discussions:- Prepare a schedule of working capital and statement

Net cash flow, Assignment: Mr. Ali wants to start “Rent-A-Car” business. He...

Assignment: Mr. Ali wants to start “Rent-A-Car” business. He wants to start this business with at least 20 cars. He estimates that the required investment for the business is Rs.

Describe the duties of the financial manager, Describe the duties of the fi...

Describe the duties of the financial manager in a business firm? Financial managers calculate the firm's performance, define what the financial consequences will be if the firm

Acceptance rule of payback period or pbp, Acceptance Rule of Payback Period...

Acceptance Rule of Payback Period or PBP By using PBP method a company such will accept all those ventures whose payback period is less than to set via the management and will

Classification of debenture finance, Classification of Debenture Finance ...

Classification of Debenture Finance i) Secured Debentures These are those types of debentures which a company will secure generally in two ways, secured along with a fixe

Underwriting - stock market, Underwriting - Stock Market 1. This is th...

Underwriting - Stock Market 1. This is the supposition of risk relating unsubscribed shares 2. When new shares are issued, they might be beneath -written or unsubscribed. A

Pending Solutions, How long until I get the results of my order

How long until I get the results of my order

Explain about the internal rate of return, Explain about the Internal Rate ...

Explain about the Internal Rate of Return Internal rate of return (IRR) is the rate of discount that makes the present value of all the revenues (cash flows) from the invest

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd