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Question 4 Chapter 13 of Class 12 Part – 2 – 2024
Comparative Balance Sheet
4. Following are the Balance Sheet of Raj Ltd., as on 31st March 2015 and 2016.
| Particular | Note no. | 31st March 2016 | 31st March 2015 |
| I. Equity and Liabilities | |||
| 1. Shareholders’ Funds | |||
| Share Capital | 10,00,000 | 5,00,000 | |
| Reserves and Surplus | 2,00,000 | 2,00,000 | |
| 2. Current Liabilities | |||
| Short term Borrowings | 50,000 | 1,00,000 | |
| Total | 12,50,000 | 8,00,000 | |
| II. Assets | |||
| 1.Non-Current Assets | |||
| Fixed Assets | 11,00,000 | 7,00,000 | |
| 2. Current Assets | 1,50,000 | 1,00,000 | |
| Total | 12,50,000 | 8,00,000 |
You are required to prepare a Comparative Balance Sheet on the basis of the information given in the above balance sheet.
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 | 2,00,000 | 2,00,000 | - | - | |
| 2. Current Liabilities | |||||
| Trade Payable | 1,00,000 | 50,000 | (50,000) | (50.00%) | |
| Total | 8,00,000 | 12,50,000 | 4,50,000 | 56.25% | |
| II Assets | |||||
| 1. Non-current Assets | |||||
| Fixed Assets | 7,00,000 | 11,00,000 | 4,00,000 | 57.14% | |
| 2. Current Assets | 1,00,000 | 1,50,000 | 50,000 | 50.00% | |
| Total | 8,00,000 | 12,50,000 | 4,50,000 | 56.25% |
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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