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Question No 01 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Prepare comparative balance sheet of M/s Raja Traders from the following:
| Particulars |
31-3-2022 | 31-3-2021 |
|---|---|---|
| 1 Shareholder’s Fund | ||
| (a) Share Capital | 70,000 | 40,000 |
| (b) Reserve & Surplus | 10,000 | 12,000 |
| Non-Current Liabilities | ||
| Long term borrowing (Loans) | 50,000 | 50,000 |
| Total | 1,30,000 | 1,02,000 |
| Assets | ||
| 1. Non-Current Assets | ||
| Fixed Assets (Tangible) | 1,02,000 | 80,000 |
| 2. Current Assets | ||
| (a) Trade receivables | 20,000 | 10,000 |
| (b) Cash & Cash equivalents | 8,000 | 12,000 |
| 1,30,000 | 1,02,000 |
M/s Raja Traders
Comparative Balance Sheet
As At 31-3-2021 and 31-3-2022
| Particulars |
31-3-2021 |
31-3-2022 | Absolute change | Percentage change |
|---|---|---|---|---|
| A | B | B-A =C | C/A x100 | |
| Equity and Liabilities | ||||
| 1.Shareholder’s Fund | ||||
| (a) Share Capital | 40,000 | 70,000 | 30,000 | 75 |
| (a) Reserve & Surplus | 12,000 | 10,000 | (2,000) | (16.67) |
| 2.Non-Current Liabilities | ||||
| Long term borrowing (Loans) | 50,000 | 50,000 | - | - |
| Total | 1,02,000 | 1,30,000 | 28,000 | 27.45 |
| Assets | ||||
| 1. Non-current Assets | ||||
| (a) Fixed Assets (Tangible) | 80,000 | 1,02,000 | 22,000 | 27.50 |
| 2.Current Assets | ||||
| (a)Trade receivables | 10,000 | 20,000 | 10,000 | 100 |
| (b) Cash & Cash equivalents | 12,000 | 8,000 | (4,000) | 33.33 |
| Total | 1,02,000 | 1,30,000 | 28,000 | 27.45 |
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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