Prepare a schedule of working capital and statement, Finance Basics

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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.

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