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From the following Balance Sheet of XYZ Co. Ltd, prepare a Statement of Sources and Uses of Funds. 31 Dec. 2012 $ 31 Dec. 2011
From the following Balance Sheet of XYZ Co. Ltd, prepare a Statement of Sources and Uses of Funds. 31 Dec. 2012 $ 31 Dec. 2011 $ Assets: Cash in hand and at bank Accounts receivable Stock Land Long-term investments 75,000 90,000 1,20,000 30,000 10,000 3,25,000 35,000 98,000 87,000 20,000 15,000 2,55,000 Capital and liabilities: Equity capital Accounts payable General reserve 1,50,000 1,00,000 75,000 3,25,000 1,25,000 70,000 60,000 2,55,000
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