Assets Freehold Property at Cost 66 48 Plant and machinery (cost less depreciation) 41.6 121 Inventories 60.7 65.7 Sundry Debtors 40.2 49.5 Cash and bank 18.5 33.6 Preliminary Expenses 2.4 1.2 229.4 319 Liabilities Issued Share capital 120 150 Share Premium Account - 10 Capital Reserve - 34 Profit and Loss Account 43 42.4 Sundry Creditors 54.4 65.2 Proposed Dividends 12 17 229.4 319 There is no sale for plant and machinery in year 2020. Depreciation written off during year 2020 was Rs. 15000. Net Profit for the year was Rs. 16,400. dividend paid during 2020 in respect of previous year was Rs. 12,000 . Capital reserve represented a profit on sale of freehold premises. You need to prepare: (i) a Statement showing Changes of Working Capital during 2020; and (ii) A Funds Flow Statement for the same period.
Assets Freehold Property at Cost 66 48 Plant and machinery (cost less depreciation) 41.6 121 Inventories 60.7 65.7 Sundry Debtors 40.2 49.5 Cash and bank 18.5 33.6 Preliminary Expenses 2.4 1.2 229.4 319 Liabilities Issued Share capital 120 150 Share Premium Account - 10 Capital Reserve - 34 Profit and Loss Account 43 42.4 Sundry Creditors 54.4 65.2 Proposed Dividends 12 17 229.4 319 There is no sale for plant and machinery in year 2020. Depreciation written off during year 2020 was Rs. 15000. Net Profit for the year was Rs. 16,400. dividend paid during 2020 in respect of previous year was Rs. 12,000 . Capital reserve represented a profit on sale of freehold premises. You need to prepare: (i) a Statement showing Changes of Working Capital during 2020; and (ii) A Funds Flow Statement for the same period.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
| 2019 (Rs. In Thousands) | 2020 | |
| Assets | ||
| Freehold Property at Cost | 66 | 48 |
| Plant and machinery (cost less |
41.6 | 121 |
| Inventories | 60.7 | 65.7 |
| Sundry Debtors | 40.2 | 49.5 |
| Cash and bank | 18.5 | 33.6 |
| Preliminary Expenses | 2.4 | 1.2 |
| 229.4 | 319 | |
| Liabilities | ||
| Issued Share capital | 120 | 150 |
| Share Premium Account | - | 10 |
| Capital Reserve | - | 34 |
| 43 | 42.4 | |
| Sundry Creditors | 54.4 | 65.2 |
| Proposed Dividends | 12 | 17 |
| 229.4 | 319 |
There is no sale for plant and machinery in year 2020. Depreciation written off during year 2020 was Rs. 15000. Net Profit for the year was Rs. 16,400. dividend paid during 2020 in respect of previous year was Rs. 12,000 . Capital reserve represented a profit on sale of freehold premises. You need to prepare:
(i) a Statement showing Changes of
(ii) A Funds Flow Statement for the same period.
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