LS1475: The Balance Sheet of Bharat Machinery Ltd., as on December 31, 2009 and 2010 are as follows

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Question: The Balance Sheet of Bharat Machinery Ltd., as on December 31, 2009 and 2010 are as follows:

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Additional Information

Depreciation of Rs. 50,000 has been charged on Plant and Machinery during the year 2010.

A piece of machinery was sold for Rs.
8,000 during the year 2010. It had cost Rs. 12,000, depreciation of Rs. 7,000 had been provided on it.

Prepare a schedule of change in working capital and a statement showing the sources and application of funds for the year 2010.


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