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Question 5 Chapter 13 of Class 12 Part – 2 – 2024
Comparative Balance Sheet
5. Following are the Balance Sheet of Creation Wool Ltd., as on 31st March 2015 and 2016.
| Particular | Note no. | 31stMarch, 2016 | 31st March, 2015 |
| I. Equity and Liabilities | |||
| 1.Shareholders’ Funds | |||
| Share Capital | 1 | 8,00,000 | 6,00,000 |
| Reserves and Surplus | 2 | 3,50,000 | 2,00,000 |
| 2.Non Current Liabilities | |||
| 10% Debentures | 10,00,000 | 8,00,000 | |
| 3.Current Liabilities | |||
| Trade Payables | 2,00,000 | 1,00,000 | |
| Total | 23,50,000 | 17,00,000 | |
| II. Assets | |||
| 1.Non-Current Assets | |||
| Fixed Assets | 20,00,000 | 15,00,000 | |
| 2.Current Assets | 3,50,000 | 2,00,000 | |
| Total | 23,50,000 | 17,00,000 |
Notes
| Particular | 31stMarch, 2016 | 31st March, 2015 |
| 1.Share Capital | ||
| Equity Share Capital | 8,00,000 | 4,00,000 |
| Preference Share Capital | - | 2,00,000 |
| 8,00,000 | 6,00,000 | |
| 2.Reserve and Surplus | ||
| Securities Premium Reserve | 1,90,000 | 1,50,000 |
| General Reserve | 1,60,000 | 50,000 |
| 3,50,000 | 2,00,000 |
Comparative Balance Sheet of Raj 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 | 4,00,000 | 8,00,000 | 4,00,000 | 100.00% | |
| Pref. Share Capital | 2,00,000 | - | (2,00,000) | (100.00%) | |
| Reserves and Surplus | 2,00,000 | 3,50,000 | 1,50,000 | 75.00% | |
| 2. Non Current Liabilities | |||||
| 10% Debentures | 8,00,000 | 10,00,000 | 2,00,000 | 25.00% | |
| 3. Current Liabilities | |||||
| Trade Payable | 1,00,000 | 2,00,000 | 1,00,000 | 100.00% | |
| Total | 17,00,000 | 23,50,000 | 6,50,000 | 38.24% | |
| II Assets | |||||
| 1. Non-current Assets | |||||
| Fixed Assets | 15,00,000 | 20,00,000 | 5,00,000 | 33.33% | |
| 2. Current Assets | 2,00,000 | 3,50,000 | 1,50,000 | 75.00% | |
| Total | 17,00,000 | 23,50,000 | 6,50,000 | 38.24% |
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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