Question 04 Chapter 2 of +2-B – USHA Publication 12 Class

Question 04 Chapter 2 of +2-B

Question 04 Chapter 2 of +2-B

Comparative Balance Sheet

4. Following are the Balance Sheet of Raj Ltd., as on 31st March 2015 and 2016.

Particular Note no. 31st March 2016 31st March 2015
I. Equity and Liabilities       
1. Shareholders’ Funds      
Share Capital   10,00,000 5,00,000
Reserves and Surplus   2,00,000 2,00,000
2. Current Liabilities      
Short term Borrowings   50,000 1,00,000
Total   12,50,000 8,00,000
II. Assets      
1.Non-Current Assets      
Fixed Assets   11,00,000 7,00,000
2. Current Assets    1,50,000 1,00,000
Total   12,50,000 8,00,000

You are required to prepare a Comparative Balance Sheet on the basis of the information given in the above balance sheet.

The solution of Question 04 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   2,00,000 2,00,000
2. Current Liabilities          
Trade Payable   1,00,000 50,000 (50,000) (50.00%)
Total   8,00,000 12,50,000 4,50,000 56.25%
II Assets          
1. Non-current Assets          
Fixed Assets   7,00,000 11,00,000 4,00,000 57.14%
2. Current Assets   1,00,000 1,50,000 50,000 50.00%
Total   8,00,000 12,50,000 4,50,000 56.25%


To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

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 (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

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

2 Book 3 min 225x300 - Question 04 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.