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Question 1 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 1 Chapter 3 of +2-B
Question No. 1 - Chapter No.3 - T.S. Grewal +2 Book Part B-min

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Question 1 Chapter 3 of +2-B

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Comparative Balance Sheet

1. From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.:

ParticularNote no.31st March 201931st March 2018
I. Equity and Liabilities    
1. Shareholders’ Funds   
Share Capital 3,50,0003,50,000
3. Non-Current Liabilities   
Long-term borrowings 1,00,0002,00,000
4. Current Liabilities   
Trade Payables 1,50,0001,00,000
Total 6,00,0006,00,000
II. Assets   
1.Non-Current Assets   
Fixed Assets (Tangible Assets) 4,00,0003,00,000
2. Current Assets    
Trade receivable 2,00,0003,00,000
Total 6,00,0006,00,000

 The solution of Question 1 Chapter 3 of +2-B: – 

Comparative Balance Sheet of Sun Ltd.

Particulars

(1)


Note no.
(2)
31st March,
2018
(A)
(3)
31st March,
2019
(B)
(4)
Absolute
Change

(Increase/
Decrease)

(C=B-A)
(5)

Percentage
Change

(Increase/
Decrease)

(D=C/A x 100)
(6)
I. Equity and Liabilities     
1. Shareholders’ Funds     
Share Capital 3,00,0003,50,00050,00016.67%
3. Non-Current Liabilities     
Long-term borrowings 2,00,0001,00,0001,00,00050.00%
4. Current Liabilities     
Trade Payables 1,00,0001,50,00050,00050.00%
Total 6,00,0006,00,0002,00,00033.33%
II. Assets     
1.Non-Current Assets     
Fixed Assets (Tangible Assets) 3,00,0004,00,0001,00,00033.33%
2. Current Assets     
Trade receivable 3,00,0002,00,0001,00,00033.33%
Total 6,00,0006,00,0002,00,00033.33%

 

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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: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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