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Balance Sheets of RST Limited as on March 31, 20X8 and March 31, 20X9 are as under:
Additional information:
(i) Depreciation charged on building and plant and machinery during the year 20X8-X9 were Rs.50,000 and Rs.1,20,000 respectively.
(ii) During the year an old machine costing Rs. 1,50,000 was sold for Rs.32,000. Its written down value was Rs.40,000 on date of sale.
(iii) During the year, income tax for the year 20X7-X8 was assessed at Rs. 76,000. A cheque of Rs. 4,000 was received along with the assessment order towards refund of income tax paid in excess, by way of advance tax in earlier years.
(iv) Proposed dividend for 20X7-X8 was paid during the year 20X8-X9.
(v) 9% Preference shares of Rs. 3,00,000, which were due for redemption, were redeemed during the year 20X8-X9 at a premium of 5%, out of the proceeds of fresh issue of 9% Preference shares.
(vi) Bonus shares were issued to the existing equity shareholders at the rate of one share for every five shares held on 31.3.20X8 out of general reserves.
(vii) Debentures were redeemed at the beginning of the year at a premium of 3%.
(viii) Interim dividend paid during the year 20X8-X9 was ` 50,000. Required:
(a) Schedule of Changes in Working Capital; and
(b) Fund Flow Statement for the year ended March 31, 20X9.
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