Proprietor's fund =
Share capital + reserves & surplus -
losses & fictitious asset
Fixed assets
+ investments - working
capital
O Owners fund + owned fund
O
Share capital - reserves & surplus
-
losses & fictitious assets
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Explanation:
(iii) Computation of Proprietary fund; Fixed assets; Capital and Sundry payables ... and Net working capital = 0.25 Proprietary fund ... Change in Reserve & Surplus = ` 25, 00,000 – ` 20,00,000 = ` 5,00,000.
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