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Question 4 Chapter 2 VK Publications Class 12 Part 2 – 2021
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Table of Contents
4. Prepare a Comparative Balance Sheet of the following information:
| Particulars | Note No. | 1st March,2018 (Rs.) | 31st March, 2017 (Rs.) |
| I.EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 5,00,000 | 4,00,000 | |
| (b) Reserves and Surplus | 20,000 | 20,000 | |
| 2. Non-Current Liabilities | |||
| (a) Long-term Borrowings | 4,20,000 | 3,00,000 | |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 50,000 | 40,000 | |
| (b) Trade Payables | 14,000 | 20,000 | |
| (c) Short-term Provisions | 20,000 | 14,000 | |
| Total. | 10,24,000 | 7,94,000 | |
| II. ASSETS | |||
| 1. Non-Current Assetd | |||
| (a) Fixed Assets | |||
| (i) Tangible Assets | 1,80,000 | 1,80,000 | |
| (b) Non-Current Investment | 6,00,000 | 4,00,000 | |
| 2. Current Assets | |||
| (a) Inventories | 40,000 | 60,000 | |
| (b) Trade Receivables | 60,000 | 30,000 | |
| (c) Cash and Cash Equivalents | 1,20,000 | 90,000 | |
| (d) Short-term Loans and Advances | 24,000 | 14,000 | |
| Total | 10,24,000 | 7,94,000 |
The solution of Question 4 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 | 4,00,000 | 5,00,000 | 1,00,000 | 25.00 | |
| b. Reserve & Surplus | 20,000 | 20,000 | – | NIL. | |
| 2. Non – current Liabilities | |||||
| a. Long term Borrowings | 3,00,000 | 4,20,000 | 1,20,000 | 40.00 | |
| 3. Current Liabilities | |||||
| a. Short term Borrowings | 40,000 | 50,000 | 10,000 | 25.00 | |
| b. Trade payables | 20,000 | 14,000 | 6,000 | 30.00 | |
| c. Short term Provisions | 14,000 | 20,000 | 61,000 | 42.86 | |
| Total | 7,94,000 | 10,24,000 | 2,30,000 | 28.96 | |
| II. Assets | |||||
| 1. Non – current Assets | |||||
| a. Fixed Assets | |||||
| (i) Tangible Assets | 2,00,000 | 1,80,000 | 20,000 | 10.00 | |
| b. Non – current investment | 4,00,000 | 6,00,000 | 2,00,000 | 50.00 | |
| 2. Current Assets | |||||
| (a) Inventories | 60,000 | 40,000 | 20,000 | 33.33 | |
| (b) Trade Receivables | 30,000 | 60,000 | 30,000 | 100.00 | |
| (c) Cash and Cash Equivalents | 90,000 | 1,20,000 | 30,000 | 33.33 | |
| (d) Short-term Loans and Advances | 14,000 | 24,000 | 10,000 | 71.43 | |
| Total | 7,94,000 | 10,24,000 | 2,30,000 | 28.96 |
Financial Statement Analysis and its tools or Techniques
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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