The following is the Balance Sheet of Ganesh Mills Ltd.:

The following transactions took place during the year 2015:
(a) Preference shares were redeemed at 10% premium.
(b) ₹ 20,000 were transferred to Reserve Fund from Profit and Loss Account.
(c) Investments (Book value ₹ 40,000) were sold for ₹ 70,000.
(d) Depreciation provided on Building, Machinery and Furniture ₹ 20,000, ₹ 30,000 and ₹ 2,000 respectively.
(e) Dividend paid ₹ 50,000 and income tax paid ₹  45,000. Prepare Funds Flow Statement and a Statement showing Change in Working Capital.

Transcribed Image Text:

Balance Sheets of Ganesh Mills Ltd. as at 31st December, 2014 and 2015 Note 31.12.2014 No. (2) I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (a) Long-term Borrowings-12% Debentures (4) Current Liabilities: Particulars (1) (a) Short-term Borrowings (b) Trade Payables TOTAL (1) (2) (3) 5,00,000 3,50,000 2,00,000 80,000 11,30,000 31.12.2015 (²) (4) 4,00,000 4,30,000 3,00,000 1,40,000 12,70,000