Applications of funds are not represented by:
a. Trading loss
b. Redemption of shares and debentures
c. Acquisition of fixed assets
d. Decrease in working capital
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Purchase of Machinery is an application of funds. Long term loan raised is a source of fund.
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Reserve and Surplus. Surplus (Balance in statement of Profit & Loss) ...
Long-term Borrowing. ...
Short-term Borrowing. ...
Short-term Provisions. ...
Tangible Assets....
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