Question: from the balance sheets and information given below, prepare a statement of sources and uses of funds for the year 2015 Requirements 1. During the


from the balance sheets and information given below, prepare a statement of sources and uses of funds for the year 2015 Requirements 1. During the year 2015, a machine costing RS- 19,000 (accumulated depreciation A 8000) was sold for RS. 5 000, 2. The provision for depreciation on Jan.2015 and sist Dec 2015 RSK 25.000 and M. 49 000 respectively Net profit for the year Jos way amounted RE-U5,000, were 3 Liabilities 2014 2015 Assets 2014 2015 44,000 Creditors Loan from A Loan from Bank Capital 40,000 25,000 40,000 1,25,000 50,000 1,53,000 Cash Debtors Stock Machinery Building Land 10,000 30,000 35,000 80,000 35,000 40,000 2,30,000 7,000 50,000 25,000 55,000 60,000 50,000 2,47,000 2,30,000 2,47,000 from the balance sheets and information given below, prepare a statement of sources and uses of funds for the year 2015 Requirements 1. During the year 2015, a machine costing RS- 19,000 (accumulated depreciation A 8000) was sold for RS. 5 000, 2. The provision for depreciation on Jan.2015 and sist Dec 2015 RSK 25.000 and M. 49 000 respectively Net profit for the year Jos way amounted RE-U5,000, were 3 Liabilities 2014 2015 Assets 2014 2015 44,000 Creditors Loan from A Loan from Bank Capital 40,000 25,000 40,000 1,25,000 50,000 1,53,000 Cash Debtors Stock Machinery Building Land 10,000 30,000 35,000 80,000 35,000 40,000 2,30,000 7,000 50,000 25,000 55,000 60,000 50,000 2,47,000 2,30,000 2,47,000
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