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Question: From the following balance sheet of XYZ Ltd. Prepare statement of changes in working capital and funds flow statement.
(i) During the year 2002, fixed assets (written down value Rs. 10000 and depreciation written off Rs.30000) was sold for Rs.8000
(ii) Proposed dividend of last year was paid in 2002
(iii) During the year 2002 investment costing Rs.80000 were sold and later in the year investment of the same cost were purchased.
(iv) Debentures were redeemed at a premium of 10% during 2002
(v)Liability for taxation for 2001 came to Rs.55000
(vi) During the year 2002, bad debtors written off was Rs. 15000 against the provision account.
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