our answer must indicate the overall and individual effect of changes in relevant item

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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From the following data, indicate the effect that the changes in the relevant items will have on the working capital:
Particulars
Jan 1, 2020
Dec 31, 2020
Particulars
Jan 1, 2020
Dec 31, 2020

Land
44000
68000
Goodwill
13000
13000

Debentures
20000
25000
Prepaid Expenses
70
300

Stock
30000
28000
Bills Payable
1500
900

Machinery
180000
180000
Bills Receivable
3000
2000

Trade Creditors
8000
5320
Mortgaged Loan
50000
40000

Cash
29000
9000
Equity Share Capital
100000
120000

Long Term Investments
10000
6250
Preference Share Capital
120000
75000

Accrued Expenses
350
160
Trade Debtors
19000
20000

Short-term Debt
3220
5170

 


Your answer must indicate the overall and individual effect of changes in relevant items. 

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