From the following summarised financial statements of XYZ Ltd., as at 30.6.2015 and 30.6.2016, prepare: (i) A

Question:

From the following summarised financial statements of XYZ Ltd., as at 30.6.2015 and 30.6.2016, prepare:

(i) A statement of change in working capital for the year ended 30.6.2016

(ii) A statement showing sources and application of funds during the same period:

During the year ended 3.6.2016, depreciation charged on fixed assets amounted to ₹ 50,000. The final divided for the year ended 30.6.2015 amounting to ₹ 20,000 was paid on 10.2.2016.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

See More Books

Question Posted: Aug 19, 2023 07:24 AM

See More Questions

From the following summarised Financial Statement of Raghaban Ltd. as on 1.4.2015 and 31.3.2016 prepare: (a) Statement of Change in Working Capital for the year ended 31.3.2016 and (b) A Statement...
The trial balance for Eureka Ltd as at 30 June 2012 (before calculation of income tax) is as follows: Note: this is the first year of operation of Eureka Ltd. DR CR $000 $000 Sales Revenue 1235 Cost...
The IFRS-based 2013 and 2014 statements of cash flows published by the Danone Group, a French food processor, are provided in the following table. Briefly describe each of the line items, and comment...
Determine whether the following taxpayers have gross income from the payment of their expenses: a. Julia's mother, Henrietta, is short of cash when it comes time to pay her property taxes. Julia pays...
Pension plan assets were $80 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, retiree benefits paid by the trustee were $6 million and cash invested in...
The SAT has gone through many revisions over the years. In 2005, a new writing section was introduced that includes a direct writing measure in the form of an essay. People argue that female students...
A conducting sphere has a radius of $2.25 \mathrm{~m}$ and carries a positive surplus charge of $35.0 \mathrm{mC}$. A protective layer of barium titanate is applied to the surface of the sphere...
A dress-making operation is being designed as an assembly line. Table shows the tasks that need to be performed, their task times, and preceding tasks. If the goal is to produce 30 dresses per hour,...
a) Explain any three reasons why some businesses do not maintain a complete set of accounting records. (3 marks) b) On 31.12.2017, subscriptions paid in advance to Amani sports Club amounted sh....
Distinguish between Balance Sheet and Funds Flow Statement.
Following are the Balance Sheet of Young India Ltd.: Additional information: (a) Dividend paid during the year 4,50,000. (b) Land was sold for cash at a profit of 50,000. (c) Machinery costing ...
Display the order IDs for customers who have not made any payment, yet, on that order. Use the set command UNION, INTERSECT, or MINUS in your query.
2. (10 points) For each part, describe a relation using the different representations asked for. (a) Let A {1, 2, 3, 4, 5, 6}. (i) Write out the relation R on A that expresses x | y (divides), that...
Income Statement Sales 6 , 0 0 0 Cost of Sales 3 , 5 1 6 Gross Margin 2 , 4 8 4 Selling Exp 1 , 0 9 2 Admin Exp 6 1 8 Net Income 7 7 4 What is the common - size percentage for each of the above? Use...
Two enterprises own 100% of the common stock of a VIE [A own 60%, B owns 40%]. Income is shared proportional to stock ownership. Each has 3 votes on a six person board. The board makes all decisions...
For the last part of a is it negative economic profit or positive economic profit or negative accounting profit or positive accounting, profit or a zero accounting profit Image transcription text...
ProWasher is the defendant in a patent infringement lawsuit filed by Sue Case over ProWasher s use of a hydraulic compressor in several of its products. Anna Turney claims that, if the suit goes...
What behaviors do effective leaders exhibit?
Imagine that your best friend knows you are taking a psychology course and wonders what psychology is all about. How would you define psychology for your friend? Write an essay on the discipline of...
Are income distributions from a qualified state tuition program taxable?
What types of income qualify for the foreign-earned income exclusion?
Are taxpayers who claim the foreign-earned income exclusion entitled to deduct expenses incurred in producing that income? Explain.
Every year, Gary receives privacy notices in the mail from financial institutions where he has accounts. What law requires the institutions to send Gary these notices?
List all and identify one of the positive economic impacts of tourism. List the classifications of hotel properties by price, location, function, market segment.
Radiocarbon dating shows that Wisconsin-age loess in the United States was deposited during the period between 29,000 to 14,000 ybp (years before present). How does the average thickness accumulation...

From the following summarised financial statements of XYZ Ltd., as at 30.6.2015 and 30.6.2016, prepare: (i) A

Question:

Step by Step Answer:

To prepare the Statement of Change in Working Capital and the Statement of Sources and Application o...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

Students also viewed these Business questions