X Ltd. provides you the following information: Rs. Plan & Machinery on 1.1.1998 at cost 8,50,000 Plant

Question:

X Ltd. provides you the following information:

Rs.

Plan & Machinery on 1.1.1998 at cost 8,50,000 Plant & Machinery on 31.12.1998 at cost 9,32,000 Accumulated Depreciation on 1.1.1998 4,25,000 Accumulated Depreciation on 31.12.1998 4,40,000 During the year 1998, the company provided depreciation amounted to Rs. 80,000 and a machine costing Rs. 1,05,000 was sold at a profit of 20% on book value.

Calculate the amount of Sources and Application of funds due to above transactions.

[Ans.: Sources Rs. 48,000; Application Rs. 1,87,000; Sale of Machinery = 40,000 + 8,000 = 48,000.]

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