Question 05 Chapter 2 of +2-B
Table of Contents
Comparative Balance Sheet
5. Following are the Balance Sheet of Creation Wool Ltd., as on 31st March 2015 and 2016.
| Particular | Note no. | 31stMarch, 2016 | 31st March, 2015 |
| I. Equity and Liabilities | |||
| 1.Shareholders’ Funds | |||
| Share Capital | 1 | 8,00,000 | 6,00,000 |
| Reserves and Surplus | 2 | 3,50,000 | 2,00,000 |
| 2.Non Current Liabilities | |||
| 10% Debentures | 10,00,000 | 8,00,000 | |
| 3.Current Liabilities | |||
| Trade Payables | 2,00,000 | 1,00,000 | |
| Total | 23,50,000 | 17,00,000 | |
| II. Assets | |||
| 1.Non-Current Assets | |||
| Fixed Assets | 20,00,000 | 15,00,000 | |
| 2.Current Assets | 3,50,000 | 2,00,000 | |
| Total | 23,50,000 | 17,00,000 |
Notes
| Particular | 31stMarch, 2016 | 31st March, 2015 |
| 1.Share Capital | ||
| Equity Share Capital | 8,00,000 | 4,00,000 |
| Preference Share Capital | – | 2,00,000 |
| 8,00,000 | 6,00,000 | |
| 2.Reserve and Surplus | ||
| Securities Premium Reserve | 1,90,000 | 1,50,000 |
| General Reserve | 1,60,000 | 50,000 |
| 3,50,000 | 2,00,000 |
The solution of Question 05 Chapter 2 of +2-B: –
| Comparative Balance Sheet of Raj 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 | 4,00,000 | 8,00,000 | 4,00,000 | 100.00% | |
| Pref. Share Capital | 2,00,000 | – | (2,00,000) | (100.00%) | |
| Reserves and Surplus | 2,00,000 | 3,50,000 | 1,50,000 | 75.00% | |
| 2. Non Current Liabilities | |||||
| 10% Debentures | 8,00,000 | 10,00,000 | 2,00,000 | 25.00% | |
| 3. Current Liabilities | |||||
| Trade Payable | 1,00,000 | 2,00,000 | 1,00,000 | 100.00% | |
| Total | 17,00,000 | 23,50,000 | 6,50,000 | 38.24% | |
| II Assets | |||||
| 1. Non-current Assets | |||||
| Fixed Assets | 15,00,000 | 20,00,000 | 5,00,000 | 33.33% | |
| 2. Current Assets | 2,00,000 | 3,50,000 | 1,50,000 | 75.00% | |
| Total | 17,00,000 | 23,50,000 | 6,50,000 | 38.24% | |
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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