Linked PYQ
(a) From the following Balance Sheets as on December, 2012 and 2013, you are required to prepare a Statement of Funds Flow and Schedule of Changes in Working Capital. Liabilities (2012 / 2013 Rs.): Share Capital 2,00,000 / 2,50,000; General Reserve 50,000 / 60,000; Profit and Loss 30,500 / 30,600; Long Term Loan - / 70,000; Sundry Creditors 1,50,000 / 1,35,200; Provision for Tax 30,000 / 35,000. Total 5,30,500 / 5,10,800. Assets (2012 / 2013 Rs.): Land and Building 2,00,000 / 1,90,000; Machinery 1,50,000 / 1,69,000; Stock 1,00,000 / 74,000; Sundry Debtors 80,000 / 64,200; Cash 500 / 600; Bank - / 8,000; Goodwill - / 5,000. Total 5,30,500 / 5,10,800. Additional information during the year ended 2013: (i) Dividend of Rs.23,000 was paid. (ii) Assets of other company were purchased for Rs.50,000 payable in shares. Assets purchased were Stock Rs.20,000, Machinery Rs.25,000 and Goodwill Rs.5,000. (iii) Machinery was further purchased for Rs.8,000. (iv) Depreciation written off on machinery Rs.12,000. (v) Income Tax provided during the year Rs.33,000. (vi) Loss on sale of machine Rs.200 was written off to General Reserve.