From the following balance sheets and additional information, prepare fund flow statement: Additional Information: (i) Depreciation of

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From the following balance sheets and additional information, prepare fund flow statement:

(A) Sources of Funds Equity Share Capital 8% Preference Share Capital General Reserve P & L Appropriation a/c

Additional Information:

(i) Depreciation of ₹10,000 and ₹30,000 has been provided on plant and land and building, respectively.

(ii) An interim dividend of ₹15,000 was paid during the year and the final dividend for the year was ₹35,000.

(iii) Tax paid during the year was 45,000.

(iv) During the year preference shares were issued at 5% discount that was written off to profit and loss account.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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