From the following details, prepare fund flow statement: During the year, a machine costing 20,000 accumulated depreciation

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From the following details, prepare fund flow statement:

(A) Sources of Funds Capital Creditors Loan from B Loan from PNB (B) Application of Funds Cash Debtors

During the year, a machine costing ₹20,000 accumulated depreciation on it ₹13,000 was sold for ₹15,000. The opening and closing balance, respectively of provision for depreciation was ₹35,000 and ₹50,000. Net profit for the year was ₹80,000.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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