Question

From the following Balance sheet of Relax Ltd., you are required to prepare a Schedule of...

  1. From the following Balance sheet of Relax Ltd., you are required to prepare a Schedule of Changes in Working Capital and Statement and fund flow statement

Balance sheet

Liabilities

2011

2012

Assets

2011

2012

Capital

70000

75000

Cash at bank

14000

19000

Profit & loss A/c

24500

34500

Debtors

6500

9500

Creditors

9000

5000

Stock

9000

7000

Long term loans

-

5000

Furniture

24000

34000

Building

50000

50000

103500

119500

103500

119500

Homework Answers

Answer #1

Schedule of Working capital changes :-

Particulars 2011 2012 Effect on working capital
Increase Decrease
Current Assets :-
Stock 9000 7000 2000
Debtors 6500 9500 3000
Cash & cash equivalents 14000 19000 5000
Total(A) 29500 35500
Current Liabilities :-
Creditors 9000 5000 4000
Total (B) 9000 5000
Net Working Capital (A-B) 20500 30500
Net Increase in Working Capital 10000 10000
30500 30500 12000 12000

Statement of Funds flow statement :-

Statement of Funds flow statement
Particulars Amount
Sources of funds:-
Fund generate from operating Activities 10000
Proceeds from issue of share capital 5000
Issue of Long term loans 5000
Total Sources of Funds 20000
Application of funds :-
Purchase of Fixed Assets 10000
Increase in working capital 10000
Total Application of funds 20000
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