From the following balance sheets of WWW Ltd, prepare fund flow statement: Additional Information: (i) 15% debentures

Question:

From the following balance sheets of WWW Ltd, prepare fund flow statement:

Particulars Share capital Reserve and surplus 15% debentures Accounts payables Unearned income Comparative

Income tax payable Provision for depreciation On Plant On Building 40 91 55 840 45 84 50 731 Stock Pre-paid

Additional information: Income Statement for the period ending March 31, 2010 Particulars Sales Less: Cost of

Additional Information:

(i) 15% debentures of ₹30 crore were redeemed during the year 2009–10.

(ii) An old plant costing ₹50 crore was sold for ₹8 crore at no profit no loss during the year 2009–10.

(iii) During the year 2009–10, an interim dividend of ₹70 crore and final dividend of ₹86 crore including corporate dividend tax were paid.

(iv) Tax of ₹1 crore deducted at source from dividend received is included in provision for tax.

You are required to prepare funds flow statement.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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