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Question: From the following Balance Sheets of Sirocco, prepare (a) Statement of Changes in Working Capital, and (b)
Funds Flow Statement: Balance Sheet of Sirocco as on 31st December…
The following additional information is also available
(a) A machine has been sold for Rs.
40,000 who’s written down value was Rs. 36,000. Depreciation of Rs. 15,000 has been charged on plant in 2001;
(b) A piece of land had been sold out in 2001 and the profit on the sale has been credited to capital reserve;
(c) An interim dividend of Rs. 30,000 has been paid in 2001;
(d) Income tax paid during 2001 amounts to Rs. 45,000;
(e) Preference Shares were redeemed at 5% premium.
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