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Question 1 Chapter 2 VK Publications Class 12 Part 2 – 2021
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Table of Contents
1. Prepare a Comparison Balance Sheet of RSF Ltd. From the following balance sheet as at 31st March,2018 and 2017
| Particulars | Note No. | 1st March,2018 (Rs.) | 31st March, 2017 (Rs.) |
| I.EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 55,000 | 50,000 | |
| (b) Reserves and Surplus | 12,000 | 10,000 | |
| 2. Non-Current Liabilities | |||
| (a) Long-term Borrowings | 22,000 | 18,000 | |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 11,000 | 12,000 | |
| Total. | 1,00,000 | 90,000 | |
| II. ASSETS | |||
| 1. Non-Current Assetd | |||
| (a) Fixed Assets | 80,000 | 70,000 | |
| 2. Current Assets | |||
| (a) Cash and Cash Equivalents | 20,000 | 20,000 | |
| Total | 1,00,000 | 90,000 | |
| (a) Long-term Borrowings | 22,000 | 18,000 |
The solution of Question 1 Chapter 2 VK Publications Class 12 Part 2: –
Comparison Balance Sheet of RSF Ltd. As at 31st March, 2017 & 2018
| Particulars | Note | 2016-2017 Rs. | 2017-2018 Rs. | Absolute Change Rs. | Percentage Change % |
| 1 | 2 | 3 | 4 | 5 | |
| A | B | B – A = C | C/A X 100 = D | ||
| I. Equity & Liabilities | |||||
| 1. Shareholder’s Fund | |||||
| a. Share Capital | 50,000 | 55,000 | 5,000 | 10.00 | |
| b. Reserve & Surplus | 10,000 | 12,000 | 2,000 | 20.00 | |
| 2. Non – current Liabilities | |||||
| a. Long term Borrowings | 18,000 | 22,000 | 4,000 | 22.22 | |
| 3. Current Liabilities | |||||
| a. Short term Borrowings | 12,000 | 11,000 | 1,000 | 8.33 | |
| Total | 90,000 | 1,00,000 | 10,000 | 11.11 | |
| II. Assets | |||||
| 1. Non – current Assets | |||||
| a. Fixed Assets | 70,000 | 80,000 | 10,000 | 14.28 | |
| 2. Current Assets | |||||
| a. Cash & Cash equivalents | 20,000 | 20,000 | – | NIL | |
| Total | 90,000 | 1,00,000 | 10,000 | 11.11 |
Financial Statement Analysis and its tools or Techniques
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T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication