The Balance Sheets of Vinyl Ltd. has been given as under. You are required to prepare Funds Flow Statement.
| Liabilities |
2014 |
2015 |
Assets |
2014 |
2015 |
| Share capital |
20,00,000 |
20,00,000 |
Goodwill |
2,40,000 |
2,40,000 |
| General Reserve |
2,80,000 |
3,60,000 |
Building |
8,00,000 |
7,20,000 |
| Profit And Loss Account |
3,20,000 |
2,60,000 |
Plant |
7,40,000 |
7,20,000 |
| Creditors |
1,60,000 |
1,08,000 |
Investments |
2,00,000 |
2,20,000 |
| Bills Payable |
24,000 |
16,000 |
Stock |
6,00,000 |
4,68,000 |
| Provision for taxation |
3,20,000 |
3,60,000 |
Bills receivable |
40,000 |
64,000 |
| Provision for doubtful debts |
8,000 |
12,000 |
Debtors |
3,60,000 |
3,80,000 |
|
|
|
Cash and bank balances |
1,32,000 |
3,04,000 |
|
31,12,000 |
31,16,000 |
|
31,12,000 |
|
Additional Information:
1. Depreciation provided on plant was Rs. 80,000 and on buildings Rs. 80,000
2. Provision for taxation made during the year Rs. 3,80,000.
3. Interim dividend paid during the year Rs. 1,60,000.
