Prepare a statement of funds, Accounting Basics

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Q. Balance Sheets of a limited company are shown in figure as on 31^st December, 2008 and 2009:

2167_Prepare a statement of Funds.png

Taking into account the following additional information, give a statement of Funds and Schedule of modifications in Working Capital:

a. Provision of Rs.9,000 for Income-Tax was made during the year.

b. Dividend was paid Rs.6,000.

c. Rs.3,600 was written off as Depreciation on Plant.

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