From the following particulars, prepare the Funds Flow Statement :
Equity & Liabilities 1.4.2014 31.3.2015
Assets
1.4.2014 31.3.2016
20,000
Capital
Long-term Loan
Creditors
74,000
15,000
18,000
74,500 Land
22,500 Building
20,500 Machinery
Stock
Debtors
Cash
1,17,500
15,000
20,000
40,000
12,500
16,500
3,000
1,07,000
22,500
43,000
11,000
18,200
2,800
1,17,500
1,07,000
0 9147 ETT FEf eitt at PSU 15,000 7 h 3116 UTPORAT TITI PITT TETH TATTET CT 910 1.4.14 T 13,5007
BİTT 31.3.15 71 18,000 * 271
Answers
Answer:
)
A company issued 10000 shares of Rs.10 each at par and fully paid up.
b)
Debentures of Rs. 100000 are converted into equity shares.
c)
Investments were sold for Rs. 50000.
d)
Building was purchased for Rs. 150000.
e)
Bills payable accepted and issued to creditors Rs. 40000.
f)
Cash paid to creditors Rs. 30000.
g)
Preliminary expenses written off Rs. 5000
h)
Advance I paid Rs. 50000.
4.
From the following details prepare:
a.
Plant Account
b. Depreciation provision Account
Particulars
2014
2015
Plant Value at Cost
200000
400000
Depreciation Provision Account
20000
40000
During the year 2015, a plant costing Rs.25000, accumulated depreciation
being Rs. 18000 was sold Rs.12000.
5.
From the following details find out funds from operations:
Profit and loss account balance as on 1-04-2014
190000
Profit and loss account balance as on 31-03-2015
280000
Depreciation on machinery
13000
Goodwill written off
8000
Proposed dividend
16000
Transfer to general reserve
12000
Explanation: