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

Question 1 Chapter 3 of +2-B

Question 1 Chapter 3 of +2-B

Comparative Balance Sheet

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

Particular Note no. 31st March 2019 31st March 2018
I. Equity and Liabilities       
1. Shareholders’ Funds      
Share Capital   3,50,000 3,50,000
3. Non-Current Liabilities      
Long-term borrowings   1,00,000 2,00,000
4. Current Liabilities      
Trade Payables   1,50,000 1,00,000
Total   6,00,000 6,00,000
II. Assets      
1.Non-Current Assets      
Fixed Assets (Tangible Assets)   4,00,000 3,00,000
2. Current Assets       
Trade receivable   2,00,000 3,00,000
Total   6,00,000 6,00,000

 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   3,00,000 3,50,000 50,000 16.67%
3. Non-Current Liabilities          
Long-term borrowings   2,00,000 1,00,000 1,00,000 50.00%
4. Current Liabilities          
Trade Payables   1,00,000 1,50,000 50,000 50.00%
Total   6,00,000 6,00,000 2,00,000 33.33%
II. Assets          
1.Non-Current Assets          
Fixed Assets (Tangible Assets)   3,00,000 4,00,000 1,00,000 33.33%
2. Current Assets          
Trade receivable   3,00,000 2,00,000 1,00,000 33.33%
Total   6,00,000 6,00,000 2,00,000 33.33%

 

 

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)

  • 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)

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

2 Book 3 min 225x300 - Question 1 Chapter 3 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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