3. (a)Statement of Changes in Working capital
(b) Funds flow statement
SCHEDULE OF CHANGES IN WORKING CAPITAL
Particulars | Changes | |
| Increase | Decrease |
Current Assets: Cash and Bank balance Stock Book Debts Current Liabilities: Sundry Creditors Net increase in Working Capital | 5,000 40,000 30,000 75,000 60,000 | 15,000 15,000 |
FUNDS FLOW STATEMENT
Particulars | Amount(Rs.) | |
Sources: Issue of shares Sales of Land Operating Profit Application: Redemption of shares Purchase of Plant Investment Purchased Tax Paid Interim Dividend Paid Sources - Application | | 1,00,000 80,000 1,90,000 1,10,000 1,15,000 10,000 45,000 30,000 60,000 |
Funds from operation:
P&L account balance as on 31st December 2001 45,000
ADD:
Transfer to General Reserve 20,000
Goodwill Written off 10,000
Depreciation 15,000
Interim Dividend 30,000
Income Tax Paid 45,000
Preliminary expenses 10,000
Provision for Tax (45000 + 45000 – 40000) 50,000
Proposed Dividend (60,000+30,000 -60,000) 30,000
LESS:
P& L Account balance on 31st December 2000 30,000
Capital Reserve(Profit on sale) 30,000
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