Question 05 Chapter 2 of +2-B – USHA Publication 12 Class

Question 05 Chapter 2 of +2-B

Question 05 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. 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 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   4,00,000 8,00,000 4,00,000 100.00%
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

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

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