The following additional information and balance sheet are of Sigma Ltd:

Additional Information

(i) During the current year dividend paid was ₹52,000 tax paid was ₹24,000.

(ii) During the current year one machine having original cost ₹20,000 and accumulated depreciation ₹17,000 was sold for ₹11,000. 

(iii) During the year machine was purchase for which part payment made by issuing shares of ₹70,000 and remaining was paid in cash. Prepare fund flow statement.

Transcribed Image Text:

(A) Sources of Funds Capital Reserves Loan from Bank Loan from Associated company Current liabilities Particulars Accumulated depreciation on Machine (B) Application of Funds Bank Balance Debtors Stock Land Building Machine at cost Comparative Balance Sheet Previous Year Current Year 2,80,000 16,000 60,000 nil 72,000 54,000 8,000 70,000 50,000 40,000 1,00,000 2,14,000 3,80,000 18,000 5,000 40,000 82,000 72,000 7,200 76,800 44,000 60,000 1,10,000 2,99,000