Illustration 17 From the following Balance Sheets of Sneha Ltd as on 31.3.2016 and 31.3.2017 prepare a statement of Sources and Application of Fund and a Schedule of Changes in Working Capital for the year ending 31.3.2017. e26 31.3.2017 R (4 16,90,000 8,48,500 13,00,000 11,70,000 Balance Sheet of Sneha Ltd. as at 31st March, 2016 and 2017 Note 31.3.2016 Particulars No. (1) (2) (3) L EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share Capital 1300.000 (b) Reserves and Surplus-Profit and Loss Account 458 250 (2) Share Application Money Pending Allotment (3) Non-current Liabilities: (a) Long-term Borrowings - 10% Debentures 1625,000 (4) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables (1) 9.42 500 (c) Other Current Liabilities (d) Short-term Provisions (2) 260 000 TOTAL 45 85 750 II. ASSETS (1) Non-current Assets: (a) Fixed Assets Tangible Assets (3) 2788 500 Intangible Assets - Goodwill 65,000 (b) Non-current investments 507.000 (c) Other non-current assets - Prepaid Expenses 42.250 (2) Current Assets: (a) Current Investments (b) Inventories 507 000 (c) Trade Receivables ) 416,000 (d) Cash and Cash Equivalents 260.000 TOTAL 4585 750 Notes to Accounts: Particulars 31.3.2016 10,17.250 60.25,750 32,76,000 42,500 3.93.250 52.000 7.99,500 11,70,000 2.92,500 60,25,750 31.3.2017 ) (1) Trade Payables Trade Creditors Bills Payable 9.00.000 42 500 9.42 500 10,00.000 1,70.000 11,70,000 (3) Short-term Provisions Provision for Taxation Dividend Payable 260.000 9,75.000 42.250 10,17.250 260.000 (4) Tangible Assets Building Machinery 11,70 000 16.18.000 27 88.000 11 37 500 21,38,500 32,76,000 The following additional information is given (i) Accumulated depreciation 31.3.2016 Accumulated depreciation 31.3.2017 Depreciation for 2016-17 Building () Machinery() 4,87,500 15,92,500 5.20,000 15,66,500 32.500 1.36,500