possible.
as many details as
3
.
The summorised Balance Sheets of XYZ Ltd., as at 31-03-2018 and 2019 are given below.
Liabilities
2018
Share Capital
General Reserve
P & L A/C
Creditors
Provision for Tax
Mortgage Loan
Rs.
4,50,000
3,00,000
56,000
1,68,000
75,000
0
10,49,000
2019
Assets
Rs.
4,50,000 Fixed Assets
3,10,000 Investments
68,000 Stock
1,34,000 Debtors
10,000 Bank
2,70,000
12,42,000
2018
2019
Rs.
Rs.
4,00,000 3,20,000
50,000 60,000
2,40,000 2,10,000
2,10,000 4,55,000
1,49,000 1,97,000
0
0
10,49,000 12,42,000
Additional Information:
a) Investments Costing Rs.8,000 were sold during the year 2019 for Rs.8,500;
b) Provision for tax made during the year was Rs.9,000;
c) During the year, part of the fixed assets costing Rs.10,000 was sold for Rs.12,000 and
the profit was included in P&L Account; and
d) Dividend paid during the year amounted to Rs.40,000
You are required to prepare Funds Flow statement and also Cash Flow statement as per the relevant Accounting standard.
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it's tooo long.
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