Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Advertisement
Advertisement
Advertisement
Advertisement
Question 5 Chapter 3 of +2-B
Comparative Balance Sheet
5. From the following Balance Sheet of Royal Industry Ltd. As at 31st March 2019, prepare Comparative Balance Sheet:
| Particulars | Note no. | 31st March, | 31st March, |
| 2019 | 2018 | ||
| I. Equity and Liabilities | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | |||
| Equity Share Capital | 10,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 1,00,000 | 1,00,000 | |
| 2. Non-Current Liabilities | |||
| (a)Long-term borrowings | 2,00,000 | 3,00,000 | |
| 3. Current Liabilities | |||
| (a)Trade Payables | 2,00,000 | 1,00,000 | |
| Total | 15,00,000 | 10,00,000 | |
| II. Assets | |||
| 1.Non-Current Assets | |||
| (a)Fixed Assets: | |||
| (i) Tangible Assets | 8,00,000 | 4,00,000 | |
| (ii) Intangible Assets | 2,00,000 | 2,00,000 | |
| (b)Non-Current Investments | 2,00,000 | 2,00,000 | |
| 2. Current Assets | |||
| (a)Inventories | 2,50,000 | 1,50,000 | |
| (b)Cash and Cash Equivalents | 50,000 | 50,000 | |
| Total | 15,00,000 | 10,00,000 |
Comparative Balance Sheet of Sun Ltd.
|
Particulars (1) |
Note no. (2) |
31st March, 2018 (A) (3) |
31st March, 2019 (B) (4) |
Absolute Change (Increase/ Decrease) (C=B-A) (5) |
Percentage Change (Increase/ Decrease) (D=C/A x 100) (6) |
|---|---|---|---|---|---|
| I. Equity and Liabilities | |||||
| 1. Shareholders’ Funds | |||||
| Share Capital | |||||
| (i) Equity Share Capital | 5,00,000 | 10,00,000 | 5,00,000 | 100% | |
| (b) Reserves and Surplus | 1,00,000 | 1,00,000 | |||
| 3. Non-Current Liabilities | |||||
| Long-term borrowings | 3,00,000 | 2,00,000 | 1,00,000 | 33.33% | |
| 4. Current Liabilities | |||||
| Trade Payables | 1,00,000 | 2,00,000 | 1,00,000 | 100.00% | |
| Total | 10,00,000 | 15,00,000 | 7,00,000 | 70.00% | |
| II. Assets | |||||
| 1.Non-Current Assets | |||||
| (a)Fixed Assets | |||||
| (i) Tangible Assets | 4,00,000 | 8,00,000 | 4,00,000 | 100.00% | |
| (ii) Intangible Assets | 2,00,000 | 2,00,000 | |||
| (b)Non-Current Investment | 2,00,000 | 2,00,000 | |||
| 2. Current Assets | |||||
| (a) Inventories | 1,50,000 | 2,50,000 | 1,00,000 | 66.67% | |
| (b)Cash and Cash Equivalents | 50,000 | 50,000 | |||
| Total | 10,00,000 | 15,00,000 | 7,00,000 | 16.88% |
To understand more about Balance Sheet please check out following links:
https://tutorstips.com/balance-sheet/
Thanks, Please Like and share with your friends
Comment if you have any question.
Also, Check out the solved question of previous Chapters: -
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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.
This guide covers "Question 5 Chapter 3 of +2-B - T.S. Grewal 12 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 12 Class Book Keeping Part - B - T.S. Grewal - XII.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 5 Chapter 3 of +2-B - T.S. Grewal 12 Class" instantly.
