Prepare fund flow statement. Additional Information: (i) During the year assets of another company were purchased for

Question:

Prepare fund flow statement.

(A) Sources of Funds Paid up capital Retained earnings Long-term debt Accounts payable Bills payables

(B) Application of Funds Gross fixed assets Less: Accumulated depreciation Stock in trade Sundry debtors Bank

Additional Information:

(i) During the year assets of another company were purchased for which consideration was discharged by issue of equity shares of 40,000. The assets purchased included Stock 5,000, fixed assets 35,000.

(ii) Depreciation for the year was 75,000.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 15, 2023 11:36 PM

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Prepare fund flow statement. Additional Information: (i) During the year assets of another company were purchased for

Question:

(A) Sources of Funds Paid up capital Retained earnings Long-term debt Accounts payable Bills payables Comparative Balance Sheet ( in '000) Particulars 2010 50 350 500 80 80 1,060 2011 90 375 550 100 90 1,205

Step by Step Answer:

To prepare the fund flow statement we will follow the steps outlined below 1 Calculate Changes in Wo...View the full answer

Financial Accounting

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