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:
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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(A) Sources of Funds Capital Creditors Loan from B Loan from PNB (B) Application of Funds Cash Debtors Inventory Plant and Machinery Premises Land Particulars Comparative Balance Sheet Previous Year 1,25,000 40,000 30,000 35,000 11,000 29,000 30,000 85,000 35,000 40,000 Current Year 1,63,000 34,000 nil 50,000 8,000 49,000 20,000 60,000 60,000 50,000
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