LS2463: The Balance Sheets of H. Ltd. as on December 31, 2002 and 2003 are given below:

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Question: The Balance Sheets of H. Ltd. as on December 31, 2002 and 2003 are given below:

Balance Sheets of H. Ltd.

Statement showing cash from operations of H. Ltd. for the year 2003

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ignou mba solved assignments

ignou mba solved assignments

Additional Information:

During the year 2003 the Company

(i) Sold one machinery for Rs.50,000, the cost of which was Rs. 1,00,000 and the depreciation provided on it was Rs.40,000.

(ii) Provided Rs. 1,80,000 as depreciation

(iii) Sold some investment at a profit of Rs.20,000 which was credited to Capital Reserve.

(iv) Redeemed 30% of the Debentures @ Rs.105.

(v)Decided to value stock at cost, whereas previously the practice was to value stock at cost less 10%. The stock according to books on 31.12.2002 was Rs.1,08,000. The stock on 31.12.2003 was correctly valued at Rs. 1,50,000.

(vi) Decided to write off fixed assets costing Rs.28,000 on which depreciation amounting to Rs.20,000 has been provided.

Prepare the Funds Flow Statement for year 2003.

 


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