A and B are carrying on business in partnership since January 2014 sharing profits and losses in the ratio of 3 : 2. Not all the necessary books and records have been maintained. However, the following figures have been ascertained from the available records:

Cash in hand and at bank amounted to ₹7,000 on December 31, 2015. Partners have been regularly charging depreciation on Machineries @ 10% and on Furniture @ 5% excluding sold items. In 2014, A and B introduced further capital of ₹10,000 and ₹15,000 respectively (other than initial capital brought in). On 31st December, 2014 the assets of business included Cash and Bank balances. Book value of Furniture sold was ₹3,000. You are required to prepare a Statement Showing Sources and Application of Funds for the year ended 31st December, 2015. Show your workings properly.

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(1) €€ Drawings for the year A B (xi) (xii) (xiii) (xiv) Sundry Creditors Stock Sundry Debtors (iv) (v) (vi) (vii) Purchase of Fumiture Bills Payable (viii) (ix) Bills Receivable (x) Sale of Furniture Profit for the year Purchase of Machineries Bank Loan obtained Bank Loan discharged Salaries Outstanding Prepaid Insurance Particulars 31st Dec. 2014 ₹ 5,000 10,000 24,000 30,000 28,000 15,000 25,000 10,000 12,000 8,000 31st Dec. 2015 ₹ 15,000 10,000 27,000 50,000 48,000 28,425 15,000 7,000 6,000 2,000 50,000 10,000 2,000 500