Management accounting

Management accounting

Additic During the year ended 332021, the company: (a) Sold one machine for Rs, 25,000 the cost of which was Rs. 50.000 and the depreciation provided on if was Rs. 21.000 (b) Provided Rs 95.000 as depreciation (c) Redeemed 30% of the debentures at 103 (d) Sold some trade investments at a profit which was credited to capital reserve (c) Decided to value stock at cost where as previously the practice was to value stock at cost less 10%. The stock according to books on 31.3.20 was Rs. 54,000. The stock on 31 3.2021 was correctly valued at cost Rs. 75,000 f) Decided to write off fixed assets costing Rs. 14,000 (fully depreciated) You are required to prepare the Statement of Sources and Application of funds during the year ended 31-3-2021, showing the changes in the working capital. March, 2021 is given below: Additi During une year ended 3I-3-202I, the company: (a) Sold one machine for Rs. 25,000 the cost of which was Rs. 50,000 and the depreciation provided on it was Rs. 21,000 (b) Provided Rs. 95,000 as depreciation (c) Redeemed 30% of the debentures at 103 (d) Sold some trade investments at a profit which was credited to capital reserve (e) Decided to value stock at cost where as previously the practice was to value stock at cost less 10%. The stock according to books on 31.3.20 was Rs. 54,000. The stock on 31.3.2021 was correctly valued at cost Rs. 75,000 (f) Decided to write off fixed assets costing Rs. 14,000 (fully depreciated) You are required to prepare the Statement of Sources and Application of funds during the year ended 3I3202I, showing the changes in the working capital