Question 02 Chapter 2 of +2-B
Table of Contents
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 | 9,00,000 | 5,00,000 | |
| Total | 24,00,000 | 15,00,000 |
The solution of Question 02 Chapter 2 of +2-B: –
| 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% | |
To understand more about Balance Sheet please check out following links:
Balance Sheet: Meaning, Format & Examples
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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