Management Accounting 06-03-2023

Given Net profit for the year Rs 2,50,000 transferred to general reserves Rs 40,000 and old machinery bought for Rs 50,000 was sold for Rs 20,000. Calculate funds from operations.

• Rs 2,80,000

• Rs 2,20,000

• Rs 2,90,000

• Rs 3,00,000

Funds Flow Statement holds significance for

• Shareholders

• Financiers

• Government

• All of the above

The balance of fixed assets of Y Ltd. at cost at the end of 2013 and 2014 were Rs 5,70,800 and Rs 6,15,300. During the year 2014 a machinery costing Rs 60,000 was sold. Determine the purchase of fixed assets.

• Rs 1,04,500

• Rs 1,40,500

• Rs 1,64,500

• None of the above

The balance of property at cost has been Rs 20,000 and Rs 17,000 in 2013 and 2014 respectively. The profit on sale of property of Rs 2000 is credited to Capital Reserves Account. New property costing Rs 5000 bought in 2014. Determine sale of proceeds from land.

• Rs 3000

• Rs 10,000

• Rs 7000

• Rs 15,000

In the balance sheet of Praveen for 2013 and 2014, 4% debentures are Rs 5,00,000 and Rs 4,00,000, respectively. Profit on redemption of debentures in 2013 is nil while in 2014 is Rs 4,000. What is the amount of redemption for the purpose of funds flow statement?

• Rs 96,000

• Rs 1,04,000

• Rs 9,00,000

• Rs 9,04,000