Question No. 2 Chapter No.3 T.S. Grewal 2 Book Part B min - 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:

ParticularsNote no.31st March,31st March,
  20192018
I. Equity and Liabilities    
1. Shareholders’ Funds   
(a) Share Capital 15,00,00010,00,000
(b) Reserves and Surplus 10,00,00010,00,000
2. Non-Current Liabilities   
Long-term borrowings 8,00,0002,00,000
3. Current Liabilities   
Trade Payables 5,00,0003,00,000
Total 38,00,00025,00,000
II. Assets   
1.Non-Current Assets   
Fixed Assets   
(i)Tangible Assets 25,00,00015,00,000
(ii)Intangible Assets 5,00,0005,00,000
2. Current Assets    
Trade receivable 6,00,0003,50,000
Cash and Cash Equivalents 2,00,0001,50,000
Total 38,00,00025,00,000

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 10,00,00015,00,0005,00,00025.00%
(b) Reserves and Surplus 10,00,00010,00,000  
3. Non-Current Liabilities     
Long-term borrowings 2,00,0008,00,0006,00,000300.00%
2. Non-Current Liabilities     
Long-term borrowings 1,00,0001,50,00050,00050.00%
3. Current Liabilities     
Trade Payables 3,00,0005,00,0002,00,00066.67%
Total 25,00,00038,00,00013,00,00052.00%
II. Assets     
1.Non-Current Assets     
Fixed Assets (Tangible Assets) 15,00,00025,00,00010,00,00066.67%
Intangible Assets 5,00,0005,00,000  
2. Current Assets     
Trade receivable 3,50,0006,00,0002,50,00071.42%
Cash and Cash Equivalents 1,50,0002,00,00050,00033.33%
Total 25,00,00038,00,00013,00,00052.00%



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)

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)

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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