Prepare schedule of changes in net working capital. Additional Information: (i) Dividend paid during the year was
Question:
Prepare schedule of changes in net working capital.
Additional Information:
(i) Dividend paid during the year was ₹2,90,000 and tax paid during the year was ₹85,000.
(ii) Depreciation provided on fixed assets was ₹70,000.
Transcribed Image Text:
A. Sources of Funds Share capital Proposed dividend Bank overdraft Sundry creditors Provision for tax Short-term loan B. Application of Funds Fixed assets Investments (short-term) Stock Sundry Debtors Bank Comparative Balance Sheet Particulars 2010 (²) 4,50,000 3,00,000 56,000 1,68,000 75,000 4,00,000 50,000 2,40,000 2,10,000 1,49,000 2011 (²) 9,50,000 2,10,000 1,68,000 3,34,000 1,10,000 2,70,000 6,20,000 5,60,000 2,10,000 4,55,000 1,97,000
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To prepare a schedule of changes in net working capital we need to compare the current assets and current liabilities from one period to the next We then calculate the changes in working capital by as...View the full answer
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