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Question 2 Chapter 13 of Class 12 Part – 2 – 2024
Comparative Balance Sheet
2. From the following Balance Sheets of Usha Chemicals Ltd., as on 31st March 2015 and 2016 prepare a comparative Balance Sheet.
| Particular | Note no. | 31st March 2016 | 31st March 2015 |
| I. Equity and Liabilities | |||
| 1. Shareholders’ Funds | |||
| Share Capital issued and Paid-up | 10,00,000 | 5,00,000 | |
| Reserves and Surplus | |||
| Reserves | 2,00,000 | 3,00,000 | |
| Non-Current Liabilities | |||
| Long term borrowings: | |||
| 12% Loan | 8,00,000 | 5,00,000 | |
| 2. Current Liabilities | |||
| Short term Borrowings | 4,00,000 | 2,00,000 | |
| Total | 24,00,000 | 15,00,000 | |
| II. Assets | |||
| 1.Non-Current Assets | |||
| Fixed Assets (Tangible Assets) | 15,00,000 | 10,00,000 | |
| 2. Current Assets | 15,00,000 | 5,00,000 | |
| Total | 24,00,000 | 15,00,000 |
Comparative Balance Sheet of Sun Ltd.
| Particulars |
Note no. | 31st March, 2015 (A) (3) |
31st March, 2016 (B) (4) |
Absolute Change (Increase /Decrease) (C=B-A) (5) |
Percentage C hange (Increase /Decrease) (D=C/A x 100) (6) |
|---|---|---|---|---|---|
| I. Equity and Liabilities | |||||
| 1. Shareholders’ Funds | |||||
| Share Capital | 5,00,000 | 10,00,000 | 5,00,000 | 100.00% | |
| Reserves and Surplus | |||||
| Reserves | 3,00,000 | 2,00,000 | (1,00,000) | (33.33%) | |
| 2. Non - Current Liabilities | |||||
| Long – term borrowings | |||||
| 12% Loans | 5,00,000 | 8,00,000 | 3,00,000 | 60.00% | |
| 3. Current Liabilities | |||||
| Short term borrowings | 2,00,000 | 4,00,000 | 2,00,000 | 100.00% | |
| Total | 15,00,000 | 24,00,000 | 9,00,000 | 60.00% | |
| II Assets | |||||
| 1. Non-current Assets | |||||
| Fixed Assets (Tangible Assets) | 10,00,000 | 15,00,000 | 5,00,000 | 50.00% | |
| 2. Current Assets | 5,00,000 | 9,00,000 | 4,00,000 | 80.00% | |
| Total | 15,00,000 | 9,00,000 | 9,00,000 | 60.00% |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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