Question

You are required to prepare a Funds Flow Statement for Alpha Ltd. for the year 2018. The balance sheets of Alpha Ltd. for the year 2017 and 2018 are as given below: Balance Sheets Liabilities 31.12.17 31.12.18 Assets 31.12.17 31.12.18 Share Capital 1,50,000 2,50,000 Goodwill 60,000 47,000 8% Pref. Sh. Capital 1,50,000 1,00,000 L & Bldg. 1,00,000 75,000 General Reserve 20,000 30,000 Plant 90,000 1,91,000 Capital Reserve --- 25,000 Investment 10,000 35,000 Profit & Loss A/c 18,000 27,000 Debtors 60,000 90,000 Sundry Creditors 26,000 53,000 Stock 85,000 78,000 Bills Payable 18,000 12,000 Bank Balance 17,000 28,000 Proposed Dividend 27,000 33,000 Bills Receivable 15,000 18,000 Provision for Tax 28,000 4,37,000 32,000 5,62,000
4,37,000
5,62,000

Additional Information: 1. In 2018 depreciation on plant has been provided for Rs. 18,000 and no depreciation has been charged on land and building. 2. A piece of land has been sold out and the balance has been revalued, profit on such sale and revaluation being transferred to capital reserve. There is no other transaction affecting the Capital Reserve. 3. A plant was sold for Rs. 12,000. The written down value of the plant was Rs. 15,000. 4. Dividend received amounted to Rs. 2,100 including dividend of Rs. 600 from pre acquisition profit of subsidiary. 5. An interim dividend of Rs. 10,000 has been paid during 2018.

Answer 1

Answer:

Zlatan doesn't need Balance sheet because Zlatan is rich.