40 of other expenses rm 2 months consumption all

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& 40% of other expenses; RM - 2 months consumption ; All expenses are paid one month in arrears; Suppliers grant 1½ months credit; sales are 20% cash & remaining on 2 months credit. 70% of income tax has to be paid in advance in quarterly installments. 11) From the following Balance sheet prepare the funds flow statement 2016 2017 2016 2017 Liabilities Assets Equity share capital 25,000 25,000 Land 30,000 50,000 Pref. share capital 10,000 10,000 Building 20,000 20,000 Reserves 35,000 45,000 Inventories 10,000 15,000 Debtors 25,000 50,000 Long term loans 15,000 20,000 Cash 10,000 20,000 Creditors 10,000 55,000 95,000 155,000 95,000 155,000 Balance Sheet as on 31st March 2017 12) From the following Balance sheet prepare the funds flow statement for the year ended 31-03-2017 Rs 2016 2017 2016 2017 Liabilities Assets Equity share capital 200,000 300,000 Fixed assets 450,000 600,000 Pref. share capital 200,000 100,000 Investments 100,000 150,000 Debentures 100,000 150,000 Debtors 100,000 100,000 Reserves 150,000 405,000 Bank / cash 60,000 155,000 Creditors 200,000 215,000 Inventories 330,000 380,000 Bills payable 150,000 150,000 Prel expenses 10,000 5,000 Short term loans 50,000 70,000 - not written off 1,050,000 1,390,000 1,050,000 1,390,000 Balance Sheet as on 31st March 2017 Addl. Information provided : a) Pref shares were redeemed at 10% premium in the beginning of the year 2017 b) Dividend paid during the year on equity and pref shares was Rs 10,000 and Rs 12,000 respectively
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  • Fall '19
  • Debt, Ford Motor Company, Suresh Herur

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