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URGENT Following are Balance Sheet of a Limited Co. as on 31st Dec.2013 and 2014....

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Accounting

URGENT Following are Balance Sheet of a Limited Co. as on 31st Dec.2013 and 2014. (15 marks)

Balance Sheet

Liabilities 2013 2014 Assets 2013 2014

Share Capital 61,000 74,000 Plant 45,000 43,000

Reserves 13,000 15,500 Building 50,950 48,000

Creditors 28,000 24,000 Stock 20,500 18,800

Bank O/D 18,000 0 Debtors 20,000 16,200

Prov for Tax 8,000 8,500 Cash 150 180

Profit & Loss 8,600 8,800 Bank 0 2,100

Goodwill 0 2,520

1,36,600 1,30,800 1,36,600 1,30,800

Considering the following information, calculate funds from operations, investment and

financial activities and prepare cashflow statement: -

1) Dividend proposed for Rs. 4,000.2) Provision of Rs.9,000 was made for Income Tax.

3) Rs. 2000 was written off as depreciation on Plant and Rs.2,950 on Building.

4) Profit on Sale of plant Rs. 1,500. Cost of Plant sold was 6000.

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