Question 4 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 4 Chapter 3 of +2-B

Question 4 Chapter 3 of +2-B

Comparative Balance Sheet

4. Following is the Summarised Balance Sheet of Wye Ltd. As at 31st March 2019:

Particulars Note no. 31st March, 31st March,
    2019 2018
I. Equity and Liabilities       
1. Shareholders’ Funds      
(a) Share Capital      
(i) Equity Share Capital   4,00,000 4,00,000
(ii) Preference Share Capital   1,00,000 1,00,000
(b) Reserves and Surplus   1,20,000 1,10,000
2. Non-Current Liabilities      
(a)Long-term borrowings 1 4,50,000 4,50,000
(b) Long-term Provisions   50,000 1,00,000
3. Current Liabilities      
(a)Trade Payables   5,30,000 3,30,000
(b) Short-term Provisions   50,000 50,000
Total   17,00,000 15,40,000
II. Assets      
1.Non-Current Assets      
(a)Fixed Assets (Tangible Assets)   9,90,000 10,40,000
(b)Non-Current Investments   1,00,000 10,00,000
2. Current Assets       
(a)Trade receivable   5,00,000 3,00,000
(b)Cash and Cash Equivalents 2 1,10,000 1,00,000
Total   17,00,000 15,40,000

Notes to Accounts:-

Particulars 31st March, 31st March,
  2019 2018
1.Long-term borrowings    
Bank Loan 3,50,000 4,50,000
8% Debentures 1,00,000  
  4,50,000 4,50,000
2. Cash and Cash Equivalents    
Bank Balance 1,00,000 90,000
Cash in Hand 10,000 10,000
  1,10,000 1,00,000

The solution of Question 4 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          
(i) Equity Share Capital   4,00,000 4,00,000    
(ii) Preference Share Capital   1,00,000 1,00,000    
(b) Reserves and Surplus   1,10,000 1,20,000 10,000 9.09% 
3. Non-Current Liabilities          
Long-term borrowings   4,50,000 4,50,000    
Long-term Provisions   1,00,000 50,000 50,000 50.00%
4. Current Liabilities          
Trade Payables   3,30,000 5,30,000 2,00,000 60.60%
(b) Short-term Provisions   50,000 50,000    
Total   15,40,000 17,00,000 2,60,000 16.88%
II. Assets          
1.Non-Current Assets          
(a)Fixed Assets   10,40,000 9,90,000 50,000 4.80%
(b)Non-Current Investment   1,00,000 1,00,000    
2. Current Assets          
Trade receivable   3,00,000 5,00,000 2,00,000 66.67%
Cash and Cash Equivalents   1,00,000 1,10,000 10,000 10.00%
Total   15,40,000 17,00,000 2,60,000 16.83%



To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.