Question

India Ltd. has provided the following information. You are required to prepare schedule of changes in working capital. 

Liabilities	2015	2014	Assets	2015	2014
Share Capital	3,00,000	2,50,000	Land	54,000	30,000
Profit & Loss Account	1,50,000	1,20,000	Long-term investments	20,000	30,000
Creditors	90,000	1,00,000	Goodwill	10,000	20,000
Bills Payable	70,000	40,000	Cash	1,40,000	50,000
Short-term Loans	40,000	-	Debtors	1,80,000	1,96,000
			Stock	2,40,000	1,74,000
			Preliminary Expenses	6,000	10,000
	6,50,000	5,10,000		6,50,000	5,10,000

Answer 1

STATEMENT OF CHANGES IN WORKING CAPITAL

Net Increase in Working Capital: Rs. 80,000