Prepare a schedule for changes in the working capital from the Balance Sheet data given below: Capital
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Prepare a schedule for changes in the working capital from the Balance Sheet data given below:
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Capital & Liabilities: Share Capital Trade creditors Profit & Loss A/c Assets: Machinery Stock-in-trade Debtors Cash Total Dec 2020 (Rs.) 3,00,000 1,0,6000 14,000 4,20,000 70,000 1,21,000 1,81,000 48,000 4,20,000 Dec 2021 (Rs.) 3,75,000 70,000 31,000 4,76,000 1,00,000 1,36,000 1,70,000 70,000 4,76,000 Capital & Liabilities: Share Capital Trade creditors Profit & Loss A/c Assets: Machinery Stock-in-trade Debtors Cash Total Dec 2020 (Rs.) 3,00,000 1,0,6000 14,000 4,20,000 70,000 1,21,000 1,81,000 48,000 4,20,000 Dec 2021 (Rs.) 3,75,000 70,000 31,000 4,76,000 1,00,000 1,36,000 1,70,000 70,000 4,76,000
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To prepare a schedule for changes in working capital from the Balance Sheet data provided we compare the current assets and current liabilities at the ... View the full answer
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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