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

Question 3 Chapter 3 of +2-B

Question 3 Chapter 3 of +2-B

Comparative Balance Sheet

3. Balance Sheet of Blue Bell Ltd. As at 31st March 2019 is given below:

Particulars Note no. 31st March, 31st March,
    2019 2018
 I. Equity and Liabilities       
1. Shareholders’ Funds      
(a) Share Capital   3,26,000 2,44,000
(b) Reserves and Surplus   1,00,000 1,00,000
2. Non-Current Liabilities      
Long-term borrowings   6,96,000 4,38,000
3. Current Liabilities      
Trade Payables   2,98,000 78,000
 Total   14,20,000 8,60,000
 II. Assets      
1.Non-Current Assets      
(a)Fixed Assets   5,68,000 4,30,000
(b)Non-Current Investments   6,000 4,000
2. Current Assets       
Trade receivable   6,46,000 3,76,000
Cash and Cash Equivalents   2,00,000 50,000
 Total   14,20,000 8,60,000

Prepare Comparative Balance Sheet showing Percentage Changes From 2018 to 2019:

The solution of Question 3 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   2,44,000 3,26,000 82,000 33.60%
(b) Reserves and Surplus   1,00,000 1,00,000    
3. Non-Current Liabilities          
Long-term borrowings   4,38,000 6,96,000 6,96,000 58.90%
4. Current Liabilities          
Trade Payables   78,000 2,98,000 2,20,000 282.05%
Total   8,60,000 14,20,000 5,60,000 65.11%
II. Assets          
1.Non-Current Assets          
Fixed Assets (Tangible Assets)   4,30,000 5,68,000 1,38,000 32.09%
(b) Non-Current Investments   4,000 6,000 2,000 50.00%
2. Current Assets          
Trade receivable   3,76,000 6,46,000 2,70,000 71.80%
Cash and Cash Equivalents   50,000 2,00,000 1,50,000 300.00%
Total   8,60,000 14,20,000 5,60,000 62.11%



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

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T.S. Grewal’s Analysis of Financial Statements

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