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

Significance of cost of finance, Significance of Cost of Finance The...

Significance of Cost of Finance The cost of capital is Significance since of its application in the following areas as: i) Long-term investment decisions - In capital b

Basic Business Math, A new pet shop wants to apportion their investment mon...

A new pet shop wants to apportion their investment money $132,000 for advertising, building upgrades, and education in the ratio of 5:4:3. How much money does each category get app

Explain the framework put forward by the basel committee, Question 1: a...

Question 1: a) Explain the framework put forward by the Basel Committee to ensure that banks and supervisors give appropriate attention to the second (supervisory review) and

5 problem excel on time value concepts, How quickly could something like th...

How quickly could something like this be done? And how confidential is this? Has any student ever been caught using this service?

Component ratings under the camel rating system, Question: (a) Describe...

Question: (a) Describe the process for assigning composite and component ratings under the CAMEL rating system. (b) The IMF has developed some indicators to identify early

Advantages and disadvantage of profitability index, Advantages and Disadvan...

Advantages and Disadvantage of Profitability Index Advantages of profitability index a) Simple to understand and utilize. b) The part of NPV in the venture will show t

Valuation of share, Valuation of Share A number of parties are interes...

Valuation of Share A number of parties are interested however in the value of shares and securities and that will include: Company shareholders, vendors and directors of

Origination fees, jack needs to borrow $1000 for the next year. Bank south ...

jack needs to borrow $1000 for the next year. Bank south will give him the loan at 9%. Suncoast will give him the loan at 7% with a $50 loan orgination fee. First national will giv

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