Question 02 Chapter 2 of +2-B – USHA Publication 12 Class

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.

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

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

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T.S. Grewal’s Analysis of Financial Statements

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