Question 4 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
From the following information, prepare comparative Balance Sheet of Ishu Ltd.
| Particulars |
31-3-2022 | 31-3-2021 |
| Share Capital | 10,00,000 | 10,00,000 |
| Reserve & Surplus | 12,00,000 | 6,00,000 |
| Trade payable | 12,70,000 | 9,00,000 |
| Land and Building | 16,00,000 | 15,00,000 |
| Plant and Machinery | 6,30,000 | 5,00,000 |
| Goodwill | – | 1,00,000 |
| Investments | 1,20,000 | 1,00,000 |
| Current Assets | 15,20,000 | 8,00,000 |
| Long term Borrowings | 4,00,000 | 5,00,000 |
The solution of Question 4 Chapter 6 – Unimax Publication Class 12 Part 2- 2021 : –
Comparative Balance Sheet of Ishu Ltd.
As At 31-3-2021 and 31-3-2022
| Particulars |
Note No | 31-3-2021 |
31-3-2022 | Absolute change | Percentage change |
| A | B | B-A =C | C/A | ||
| Equity and Liabilities | |||||
| 1.Shareholder’s Fund | |||||
| (a) Share Capital | 10,00,000 | 10,00,000 | |||
| (a) Reserve & Surplus | 6,00,000 | 12,00,000 | 6,00,00 | 100.00 | |
| 2.Non-Current Liabilities | |||||
| Long term borrowing | 5,00,000 | 4,00,000 | (1,00,000) | (20.00) | |
| 3.Current liabilities trade payable | 9,00,000 | 12,70,000 | 3,70,000 | 14.11 | |
| Total | 30,00,000 | 38,70,000 | 8,70,000 | 29.00 | |
| Assets | |||||
| 1. Non-current Assets | |||||
| (a)Fixed Assets | |||||
| 1.tangible Assets | 1 | 20,00,000 | 22,30,000 | 2,30,000 | 11.50 |
| 2.Intangible Assets | 2 | 1,00,000 | – | (1,00,00) | (100.00) |
| (b) Investments | 1,00,000 | 1,20,000 | 20,000 | 20.00 | |
| 2.Current assets | 8,00,000 | 15,20,000 | 7,20,000 | 90,00 | |
| Total | 30,00,000 | 38,70,000 | 8,70,000 | 29.00 |
Working Notes:
| 1.Tangible Assets | 31-3-2021 | 31-3-2022 |
| Land & Building | 15,00,000 | 16,00,000 |
| Plant & Machinery | 5,00,1000 | 6,30,000 |
| 20,00,000 | 22,30,000 | |
| 2.Intangibel Assets | ||
| Goodwill | 1,00,000 | – |
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Comparative Statements – Balance Sheet & Profit and Loss
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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