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Date Submitted: 04/16/2011 07:27 AM
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IGNOU MBA MS - 04 Solved Assignment 2011
Course Code:MS - 04
Course Title: Accounting and Finance for Managers
Assignment Code:MS-04/SEM - I /2011
Coverage:All Blocks
Note: Answer all the questions and send them to the Coordinator of the Study Centre you are attached with.
Following are the balance sheets of a limited company as on 31st December,
2009 and 2010.
Liabilities | 2009 Rs. | 2010 Rs. | Assets | 2009 Rs. | 2010 Rs. |
Share Capital Reserves P. & L. A/c Bank Loan (Long-term) Creditors Bills Payable | 54.000 13,000 8,600 25,000 28,000 8,000 | 74,000 15,500 8,800 - 24,000 8,500 | Goodwill Buildings Plant Stock Debtors Cash Bank | 3,000 50,950 35,000 25,500 22,000 150 - | 2,520 48,000 43,000 18,800 16,200 180 2,100 |
1,36,600 | 1,30,800 | 1,36,600 | 1,30,8 00 |
Taking into account the following additional information, you are required to prepare funds flow statement and statement of change in working capital.
a) Dividend paid was Rs. 6,000.
b) Rs. 3,600 was written off as depreciation on plant and Rs. 2,950 on buildings.
c) Profit on sale of plant was Rs. 3,000.
Solution : Statement of Changes in Working Capital==================================== Effect on WC PY CY Increase Decrease Current AssetsStock 25,500 18,800 - 6,700Debtors 22,000 16,200 - 5,800Cash 150 180 30 -Bank - 2,100 2,100 - Total 47,650 37,280 2,130 12,500 Current LiabilitiesCreditors 28,000 24,000 ...