The following is the Comparative Balance Sheet of M/s Manish Ltd. Prepare a FundsFlow Statement and verify your answer.LiabilitiesAssets31st Dec.,31st Dec.,31st Dec.,31st Dec.,2013201420132014Creditors40,000344,000Cash10,00037,000Loan25,000Debtor's330,000350,000Loan from S.B.I 40,00050,000Stock335,00025,000Capital31,25,00031,53,000Machinery 380,000355,0002,30,000 32,47,000Land40,000350,000Building 35.000360.0002,30,000 32,47,000During the year machine costing 10,000 (accumulated depreciation 3,000) wassold for 35,000. The provision for depreciation against machinery as on 31.12.13was 25,000 and on 31.12.14 was 40,000. Net profit for the year amounted to345,000. you are required to prepare Funds Flow statement.

Fund flow statement is prepared to determine the sources of the funds and their applications in an…

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., 31st Dec., 31st Dec., 31st Dec., 2013 2014 2013 2014 Creditors 740,000 744,000 Cash ž10,000 37,000 Loan 325,000 Debtor's 30,000 350,000 Loan from S.B.I 40,000 350,000 Stock 335,000 325,000 Сapital 31,25,000 31,53,000 Machinery 780,000 355,000 32,30,000 2,47,000 Land 340,000 350,000 Building 35.000 360,000 2,30,000 2,47,000 During the year machine costing 10,000 (accumulated depreciation 33,000) was sold for 35,000. The provision for depreciation against machinery as on 31.12.13 was 25,000 and on 31.12.14 was 40,000. Net profit for the year amounted to 345,000. you are required to prepare Funds 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., 31st Dec., 31st Dec., 31st Dec., 2013 2014 2013 2014 Creditors 740,000 744,000 Cash ž10,000 37,000 Loan 325,000 Debtor's 30,000 350,000 Loan from S.B.I 40,000 350,000 Stock 335,000 325,000 Сapital 31,25,000 31,53,000 Machinery 780,000 355,000 32,30,000 2,47,000 Land 340,000 350,000 Building 35.000 360,000 2,30,000 2,47,000 During the year machine costing 10,000 (accumulated depreciation 33,000) was sold for 35,000. The provision for depreciation against machinery as on 31.12.13 was 25,000 and on 31.12.14 was 40,000. Net profit for the year amounted to 345,000. you are required to prepare Funds 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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