Question 02 Chapter 2 of +2-B

Question 02 Chapter 2 of +2-B

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.

ParticularNote no.31st March 201631st March 2015
I. Equity and Liabilities    
1. Shareholders’ Funds   
Share Capital issued and Paid-up 10,00,0005,00,000
Reserves and Surplus   
Reserves 2,00,0003,00,000
Non-Current Liabilities   
Long term borrowings:   
12% Loan 8,00,0005,00,000
2. Current Liabilities   
Short term Borrowings 4,00,0002,00,000
Total 24,00,00015,00,000
II. Assets   
1.Non-Current Assets   
Fixed Assets (Tangible Assets) 15,00,00010,00,000
2. Current Assets  9,00,0005,00,000
Total 24,00,00015,00,000


The solution of Question 02 Chapter 2 of +2-B: – 


Comparative Balance Sheet of Sun Ltd.
Note no.31st March,
31st March,


Percentage C


(D=C/A x 100)
I. Equity and Liabilities     
1. Shareholders’ Funds     
Share Capital 5,00,00010,00,0005,00,000100.00%
Reserves and Surplus     
Reserves 3,00,0002,00,000(1,00,000)(33.33%)
2. Non – Current Liabilities     
Long – term borrowings     
12% Loans 5,00,0008,00,0003,00,00060.00%
3. Current Liabilities     
Short term borrowings 2,00,0004,00,0002,00,000100.00%
Total 15,00,00024,00,0009,00,00060.00%
II Assets     
1. Non-current Assets     
Fixed Assets (Tangible Assets) 10,00,00015,00,0005,00,00050.00%
2. Current Assets 5,00,0009,00,0004,00,00080.00%
Total 15,00,0009,00,0009,00,00060.00%

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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 02 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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