Accountancy, asked by jasspanesar118, 5 months ago

Ex. 10. The following are the summarised Balance Sheets of Mridul Ltd. for the years ending March
JU; Sources of Funds * 5,00,000; Application of
31, 2010 and March, 31, 2011.
Liabilities
2010
Assets
2011

50,000
2010
2011
Share Capital
40,000
Fixed Assets
General Reserve
10,000
50,000
15,000
70,000
Investments (Long-term)
Profit and Loss A/C
20,000
18,000
10,000
15,000 Stock
10% Debentures
15,000
20,000
10,000
20,000
Sundry Debtors
12,000 20,000
Depreciation Provision
15,000 20,000 Cash
2,500 9,500
Tax Provision
4,000
→ 5,000
Underwriting Commission 1,000
500
Sundry Creditors
1,500 3,000 Dr to Adj
1,00,500 1,28,000
nei 1.00,500
1,28,000
The following transactions took place during the year 2011:
(a) Dividend paid 4,000 and income tax paid 5,000.
(b) Profit on sale of investments amounted to 1,000.
(C) A fixed asset (cost 5,000 on which accumulated depreciation 4,000) was sold for 3 2,000.
You are required to prepare a Funds Flow Statement and a Statement Showing Changes in Working
Capital.
?
[Ans. Net Increase in W.C. 78,500; Funds from Operations * 27,500; Total of Sources and
Application of Funds 342,500 and 34,000 respectively; Tax Provision is taken as non-current]
1 2010 and
3. 2011 are as​

Answers

Answered by arabunishaarabunisha
0

Answer:

Net Increase in W.C. 78,500; Funds from Operations * 27,500; Total of Sources and

Application of Funds 342,500 and 34,000 respectively; Tax Provision is taken as non-current]

1 2010 and

3. 2011 are as

Explanation:

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