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

Question No. 2 Chapter No.3 T.S. Grewal 2 Book Part B min 1024x576 - Question 2 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Question 2 Chapter 3 of +2-B

Comparative Balance Sheet

2.From the following Balance Sheet of Radha Ltd. As of 31st March 2019:

Particulars Note no. 31st March, 31st March,
    2019 2018
I. Equity and Liabilities       
1. Shareholders’ Funds      
(a) Share Capital   15,00,000 10,00,000
(b) Reserves and Surplus   10,00,000 10,00,000
2. Non-Current Liabilities      
Long-term borrowings   8,00,000 2,00,000
3. Current Liabilities      
Trade Payables   5,00,000 3,00,000
Total   38,00,000 25,00,000
II. Assets      
1.Non-Current Assets      
Fixed Assets      
(i)Tangible Assets   25,00,000 15,00,000
(ii)Intangible Assets   5,00,000 5,00,000
2. Current Assets       
Trade receivable   6,00,000 3,50,000
Cash and Cash Equivalents   2,00,000 1,50,000
Total   38,00,000 25,00,000

You are Required To prepare Comparative Balance Sheet On the Basis of the information given in the above Balance Sheet:

The solution of Question 2 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   10,00,000 15,00,000 5,00,000 25.00%
(b) Reserves and Surplus   10,00,000 10,00,000    
3. Non-Current Liabilities          
Long-term borrowings   2,00,000 8,00,000 6,00,000 300.00%
2. Non-Current Liabilities          
Long-term borrowings   1,00,000 1,50,000 50,000 50.00%
3. Current Liabilities          
Trade Payables   3,00,000 5,00,000 2,00,000 66.67%
Total   25,00,000 38,00,000 13,00,000 52.00%
II. Assets          
1.Non-Current Assets          
Fixed Assets (Tangible Assets)   15,00,000 25,00,000 10,00,000 66.67%
Intangible Assets   5,00,000 5,00,000    
2. Current Assets          
Trade receivable   3,50,000 6,00,000 2,50,000 71.42%
Cash and Cash Equivalents   1,50,000 2,00,000 50,000 33.33%
Total   25,00,000 38,00,000 13,00,000 52.00%



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 2 Chapter 3 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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