U. PunUS IOW SIalementAns: (a) Decrease in WC Rs. 7,000 (b) FFS Rs. 1,08,000; FFO Rs19. 2073 Set D QNo. 16 Following information are given:ParticularsInventoriesDebtorsGeneral reserveCreditorsCashYear 1 (Rs.)80,0002,50,00020,00070,0001,00,00020,000Year 2 (Rs.1,00,0002,00,00040,0001,00,0001,40,00025,000Expenses payableAdditional Information:Profit of the year: Rs. 80,000i. Provision for tax: Rs. 10,000Required: a.ii. Depreciation on fixed assets: Rs. 20,000iv. Profit on sales of fixed assets: Rs. 5,000Schedule of changes in working capitalb. Funds from operationAns: (a) Decrease in WC Rs. 25,000 (b) FFO Rs. 1,05,20. 2072 Supp Q.No. 16 The following figures are extracted from the two years balance sheet of a company:Year 1Year 2Rs. 6,00,000Rs. 1,50,000Rs. 5,000ParticularsShare capitalFixed assetsRs. 5,00,000Rs. 1,00,000GoodwillRs. 10,000Additional Informátion:Net profit: Rs. 75,000ii. Purchases of fixed assets: Rs. 70,000Loss on fixed assets sales: Rs. 2,000Required: a.ii. Depreciation: Rs. 10,000iv. Sale of fixed assets: Rs. 8,000i.V.Funds from operationFunds flow statement.b.Ans: (a) Rs. 92,000 (b) Increase in WC Rs. 1,3021. 2072 Set C Q.No. 16 Following figures are extracted from the two years Balance Sheet of a company:Year 1 (Rs.)12,00010.000Year 2 (Rs.27,00020,00020ParticularsDebtorsCashShare capital

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IS. 51 Year 2 (Rs. 1,00,000 2,00,000 40,000 1,00,000 1,40,000 25,000 19. 2073 SetDQ.No. 16 Following information are given: Particulars Inventories Debtors General reserve Creditors Cash Year 1 (Rs.) 80,000 2,50,000 20,000 70,000 1,00,000 20,000 Expenses payable Additional Information: Profit of the year: Rs. 80,000 i. Provision for tax: Rs. 10,000 Required: ii. Depreciation on fixed assets: Rs. 20,000 iv. Profit on sales of fixed assets: Rs. 5,000 a. Schedule of changes in working capital b. Funds from

IS. 51 Year 2 (Rs. 1,00,000 2,00,000 40,000 1,00,000 1,40,000 25,000 19. 2073 SetDQ.No. 16 Following information are given: Particulars Inventories Debtors General reserve Creditors Cash Year 1 (Rs.) 80,000 2,50,000 20,000 70,000 1,00,000 20,000 Expenses payable Additional Information: Profit of the year: Rs. 80,000 i. Provision for tax: Rs. 10,000 Required: ii. Depreciation on fixed assets: Rs. 20,000 iv. Profit on sales of fixed assets: Rs. 5,000 a. Schedule of changes in working capital b. Funds from

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Question

U. PunUS IOW SIalement
Ans: (a) Decrease in WC Rs. 7,000 (b) FFS Rs. 1,08,000; FFO Rs
19. 2073 Set D QNo. 16 Following information are given:
Particulars
Inventories
Debtors
General reserve
Creditors
Cash
Year 1 (Rs.)
80,000
2,50,000
20,000
70,000
1,00,000
20,000
Year 2 (Rs.
1,00,000
2,00,000
40,000
1,00,000
1,40,000
25,000
Expenses payable
Additional Information:
Profit of the year: Rs. 80,000
i. Provision for tax: Rs. 10,000
Required: a.
ii. Depreciation on fixed assets: Rs. 20,000
iv. Profit on sales of fixed assets: Rs. 5,000
Schedule of changes in working capital
b. Funds from operation
Ans: (a) Decrease in WC Rs. 25,000 (b) FFO Rs. 1,05,
20. 2072 Supp Q.No. 16 The following figures are extracted from the two years balance sheet of a company:
Year 1
Year 2
Rs. 6,00,000
Rs. 1,50,000
Rs. 5,000
Particulars
Share capital
Fixed assets
Rs. 5,00,000
Rs. 1,00,000
Goodwill
Rs. 10,000
Additional Informátion:
Net profit: Rs. 75,000
ii. Purchases of fixed assets: Rs. 70,000
Loss on fixed assets sales: Rs. 2,000
Required: a.
ii. Depreciation: Rs. 10,000
iv. Sale of fixed assets: Rs. 8,000
i.
V.
Funds from operation
Funds flow statement.
b.
Ans: (a) Rs. 92,000 (b) Increase in WC Rs. 1,30
21. 2072 Set C Q.No. 16 Following figures are extracted from the two years Balance Sheet of a company:
Year 1 (Rs.)
12,000
10.000
Year 2 (Rs.
27,000
20,000
20
Particulars
Debtors
Cash
Share capital

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