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Fixed assets were purchase i. Depreciation on fixed asser ii. Required: (a) Schedule of changes in wo (a) (b) Funds flow statement The Balance Sheet of Bhaktap Liabilities Share capital. Profit &Loss a/c. General reserve Reserve fund.. Current liabilities 18 2. 4. 30 Required: (a) Funds from operation (b) Funds flow statement [Hint: Issue of shar Eastern Company's previous Liabilities Equity share capital.. Preference share capital.. General reserve

Fixed assets were purchase i. Depreciation on fixed asser ii. Required: (a) Schedule of changes in wo (a) (b) Funds flow statement The Balance Sheet of Bhaktap Liabilities Share capital. Profit &Loss a/c. General reserve Reserve fund.. Current liabilities 18 2. 4. 30 Required: (a) Funds from operation (b) Funds flow statement [Hint: Issue of shar Eastern Company's previous Liabilities Equity share capital.. Preference share capital.. General reserve

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Addlti Imation: 2.00,000 1,40,000 2.80,000 2,00,000 1,60,000 1,70,000 3,40,000 i. Depreciation on fixed assets Rs. 20,000 ii. Required: 00 (b) Funds flow statement 2. Ans: (a) Increase in working capital Rs. 30,000, (b) FFS Rs. 120,000 The Balance Sheet of Bhaktapur Company for the subsequent two years is as below: Liabilities 2068 2069 Share capital... Profit & Loss a/c. General reserve Assets 180,000 50,000 20,000 10,000 40,000 300,000 200,000 80,000 30,000 Current assets.. 50,000 60,000 Preliminary expenses 420,000 Goodwill 2068 2069 15,000 200,000 45,000 32,000 300,000 65,000 15,000 8,000 420,000 Fixed assets. .. Reserve fund.... Discount on issue of shares. 12,000 28,000 300,000 Current liabilities Required: (a) Funds from operation (b) Funds flow statement [Hint: Issue of share capital = Rs. 20,000 – Rs. 3,000 increase in discount on issue of shares = Rs. 17,000| Ans: (a) FFO Rs. 100,000 (b) FFS Rs. 117,000 %3D %3D 2068 2069 21. Eastern Company's previous two years balance sheet figures are as follow: Assets 115,000 200,000 80,000 160,000 77,000 20,000 15,000 90,000 170,000 200,000 200,000 109,000 30,000 10,000 10,000 2069 2068 400,000 Goodwill.. 100,000 Land and building 70,000 Plant .. 48,000 Debtors.. 50,000 Stock.. Liabilities Equity share capital.. Preference share capital... General reserve 300,000 150,000 40,000 30,000 42.000 Bills receivable... 15,000
Transcribed Image Text:Addlti Imation: 2.00,000 1,40,000 2.80,000 2,00,000 1,60,000 1,70,000 3,40,000 i. Depreciation on fixed assets Rs. 20,000 ii. Required: 00 (b) Funds flow statement 2. Ans: (a) Increase in working capital Rs. 30,000, (b) FFS Rs. 120,000 The Balance Sheet of Bhaktapur Company for the subsequent two years is as below: Liabilities 2068 2069 Share capital... Profit & Loss a/c. General reserve Assets 180,000 50,000 20,000 10,000 40,000 300,000 200,000 80,000 30,000 Current assets.. 50,000 60,000 Preliminary expenses 420,000 Goodwill 2068 2069 15,000 200,000 45,000 32,000 300,000 65,000 15,000 8,000 420,000 Fixed assets. .. Reserve fund.... Discount on issue of shares. 12,000 28,000 300,000 Current liabilities Required: (a) Funds from operation (b) Funds flow statement [Hint: Issue of share capital = Rs. 20,000 – Rs. 3,000 increase in discount on issue of shares = Rs. 17,000| Ans: (a) FFO Rs. 100,000 (b) FFS Rs. 117,000 %3D %3D 2068 2069 21. Eastern Company's previous two years balance sheet figures are as follow: Assets 115,000 200,000 80,000 160,000 77,000 20,000 15,000 90,000 170,000 200,000 200,000 109,000 30,000 10,000 10,000 2069 2068 400,000 Goodwill.. 100,000 Land and building 70,000 Plant .. 48,000 Debtors.. 50,000 Stock.. Liabilities Equity share capital.. Preference share capital... General reserve 300,000 150,000 40,000 30,000 42.000 Bills receivable... 15,000
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