The following is the Comparative Balance Sheet of M/s Manish |Ltd. Prepare a Funds Flow Statement and verify your answer.Liabilities31st Dec.,2013Creditors 40,00025,000Loan from SBI 40,000 750,000Capital 1,25,000Assets31st Dec.,31st Dec.,31st Dec.,2014201310,00030,00035,0001,53,000 Machinery 780,000Land 40,000Building 35,0002014744,000Cash7,000750,000725,000755,00050,000760,000LoanDebtor'sStockDuring the year machine costing 10,000 (accumulated depreciation73,000) was sold for 75,000. The provision for depreciation againstmachinery as on 31.12.13was 25,000 and on 31.12.14 40,000. Netprofit for the year amounted to 45,000. you are required to prepareFunds (working capital) Flow statement.

The Funds Flow Statement is a statement prepared by business organizations to examine the reasons…

The following is the Comparative Balance Sheet of M/s Manish Ltd. Prepare a Funds Flow Statement and verify your answer. Liabilities Assets 31st Dec., 2013 31st Dec., 2014 744,000 31st Dec., 2013 31st Dec., 2014 Creditors 40,000 225,000 Loan from SBI 40,000 50,000 Capital 1,25,000 マ10,000 30,000 35,000 71,53,000 Machinery 780,000 Land 40,000 Building 35,000 マ7,000 750,000 25,000 755,000 50,000 760,000 Cash Loan Debtor's Stock During the year machine costing 10,000 (accumulated depreciation 23,000) was sold for 75,000. The provision for depreciation against machinery as on 31.12.13was 25,000 and on 31.12.14 740,000. Net profit for the year amounted to 45,000. you are required to prepare Funds (working capital) Flow statement.

The following is the Comparative Balance Sheet of M/s Manish Ltd. Prepare a Funds Flow Statement and verify your answer. Liabilities Assets 31st Dec., 2013 31st Dec., 2014 744,000 31st Dec., 2013 31st Dec., 2014 Creditors 40,000 225,000 Loan from SBI 40,000 50,000 Capital 1,25,000 マ10,000 30,000 35,000 71,53,000 Machinery 780,000 Land 40,000 Building 35,000 マ7,000 750,000 25,000 755,000 50,000 760,000 Cash Loan Debtor's Stock During the year machine costing 10,000 (accumulated depreciation 23,000) was sold for 75,000. The provision for depreciation against machinery as on 31.12.13was 25,000 and on 31.12.14 740,000. Net profit for the year amounted to 45,000. you are required to prepare Funds (working capital) Flow statement.

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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