Question 3 Chapter 2 VK Publications Class 12 Part 2 – 2021
Table of Contents
3. Prepare a Comparative Balance Sheet of Kumar Ltd.
| Particulars | Note No. | 1st March,2018 (Rs.) | 31st March, 2017 (Rs.) |
| I.EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 72,000 | 60,000 | |
| (b) Reserves and Surplus | 30,000 | 24,000 | |
| 2. Non-Current Liabilities | |||
| (a) Long-term Borrowings | 51,000 | 34,000 | |
| 3. Current Liabilities | |||
| (a) Trade Payables | 24,000 | 30,000 | |
| Total. | 1,77,000 | 1,48,000 | |
| II. ASSETS | |||
| 1. Non-Current Assetd | |||
| (a) Fixed Assets | 1,50,000 | 1,20,000 | |
| 2. Current Assets | |||
| (a) Cash and Cash Equivalents | 27,000 | 28,000 | |
| Total | 1,77,000 | 1,48,000 |
The solution of Question 3 Chapter 2 VK Publications Class 12 Part 2: –
Comparitive Balance Sheets of Essex 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 | 60,000 | 72,000 | 12,000 | 20.00 | |
| b. Reserve & Surplus | 24,000 | 30,000 | 6,000 | 25.00 | |
| 2. Non – current Liabilities | |||||
| a. Long term Borrowings | 34,000 | 51,000 | 17,000 | 50.00 | |
| 3. Current Liabilities | |||||
| a. Short term Borrowings | 60,000 | 24,000 | 6,000 | 20.00 | |
| Total | 1,48,000 | 1,77,000 | 29,000 | 19.59 | |
| II. Assets | |||||
| 1. Non – current Assets | |||||
| a. Fixed Assets | 1,20,000 | 1,50,000 | 30,000 | 25.00 | |
| 2. Current Assets | |||||
| a. Cash & Cash equivalents | 28,000 | 27,000 | 1,000 | 3.57 | |
| Total | 1,48,000 | 1,77,000 | 29,000 | 19.59 |
Financial Statement Analysis and its tools or Techniques
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