The following are the Balance sheets of B. Ltd as on 31st December, 2018 and 20192018 Rs. 2019 Rs. AssetsLiabilitiesEquity CapitalReservesDepreciation Fund6% DebenturesCreditors1,00,00070,00060,00050,00028,0003,08,2801,60,000 Fixed Assets85,300 Inventory40,000 DebtorsPrepaid Expenses48,000 Bank3,33,300The following additional information for the year 2019 are also available(a)Net Profit Rs. 27,050(b) Depreciation charged Rs. 10,000(c)Cash Dividend declared during the period Rs. 12,000Prepare a Funds Flow Statement.2018 Rs. 2019 Rs.1,52,000 2,00,00093,40089,20030,80021,1003,9503,00028,100 20,0003,08,280 3,33,300

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Description: The following are the Balance sheets of B. Ltd as on 31st December, 2018 and 20192018 Rs. 2019 Rs. AssetsLiabilitiesEquity CapitalReservesDepreciation Fund6% DebenturesCreditors1,00,00070,00060,00050,00028,0003,08,2801,60,000 Fixed Assets85,300 Inve

A fund flow statement is different from a cash flow statement. The fund flow statement records the…

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The following are the Balance sheets of B. Ltd as on 31st December, 2018 and 2019 2018 Rs. 2019 Rs. Assets Liabilities Equity Capital Reserves Depreciation Fund 6% Debentures Creditors 1,00,000 1,60,000 Fixed Assets 70,000 85,300 Inventory 60,000 40,000 Debtors 50,000 28,000 - Prepaid Expenses 48,000 Bank 3,08,280 3,33,300 The following additional information for the year 2019 are also available (a) Net Profit Rs. 27,050 (b) Depreciation charged Rs. 10,000 (c) Cash Dividend declared during the period Rs. 12,000 Prepare a Funds Flow Statement. 2018 Rs. 2019 Rs. 1,52,000 2,00,000 93,400 89,200 30,800 21,100 3,950 3,000 28,100 20,000 3,08,280 3,33,300

The following are the Balance sheets of B. Ltd as on 31st December, 2018 and 2019 2018 Rs. 2019 Rs. Assets Liabilities Equity Capital Reserves Depreciation Fund 6% Debentures Creditors 1,00,000 1,60,000 Fixed Assets 70,000 85,300 Inventory 60,000 40,000 Debtors 50,000 28,000 - Prepaid Expenses 48,000 Bank 3,08,280 3,33,300 The following additional information for the year 2019 are also available (a) Net Profit Rs. 27,050 (b) Depreciation charged Rs. 10,000 (c) Cash Dividend declared during the period Rs. 12,000 Prepare a Funds Flow Statement. 2018 Rs. 2019 Rs. 1,52,000 2,00,000 93,400 89,200 30,800 21,100 3,950 3,000 28,100 20,000 3,08,280 3,33,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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