The Balance Sheet of Bharat Machinery Ltd., as on December 31, 2009 and 2010 are as follows:
|
Items
|
Dec. 31, 2009
Rs.
|
Dec. 31, 2010
Rs.
|
|
Assets
|
|
|
|
Plant and Machinery
|
5,00,000
|
8,00,000
|
|
Land and Buildings
|
80,000
|
1,20,000
|
|
Stock
|
1,00,000
|
75,000
|
|
Sundry Debtors
|
1,50,000
|
1,60,000
|
|
Cash
|
20,000
|
20,000
|
|
|
8,50,000
|
11,75,000
|
|
Liabilities and Capital
|
|
|
|
Share Capital
|
5,00,000
|
7,00,000
|
|
Profit and Loss A/c
|
1,00,000
|
1,60,000
|
|
General Reserve
|
50,000
|
70,000
|
|
Sundry Creditors
|
1,53,000
|
1,90,000
|
|
Bills Payable
|
40,000
|
50,000
|
|
Outstanding Expenses
|
7,000
|
5,000
|
|
|
8,50,000
|
11,75,000
|
Additional Information
(i) Depreciation of Rs. 50,000 has been charged on Plant and Machinery during the year 2010.
(ii) A piece of machinery was sold for Rs. 8,000 during the year 2010. It had cost Rs. 12,000, depreciation of Rs. 7,000 had been provided on it.
Prepare a schedule of change in working capital and a statement showing the sources and application of funds for the year 2010.