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Question 5 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 5 Chapter 3 of +2-B
Question No. 5 - Chapter No.3 - T.S. Grewal +2 Book Part B-min

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Question 5 Chapter 3 of +2-B

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Comparative Balance Sheet

5. From the following Balance Sheet of Royal Industry Ltd. As at 31st March 2019, prepare Comparative Balance Sheet:

ParticularsNote no.31st March,31st March,
  20192018
I. Equity and Liabilities    
1. Shareholders’ Funds   
(a) Share Capital   
Equity Share Capital 10,00,0005,00,000
(b) Reserves and Surplus 1,00,0001,00,000
2. Non-Current Liabilities   
(a)Long-term borrowings 2,00,0003,00,000
3. Current Liabilities   
(a)Trade Payables 2,00,0001,00,000
Total 15,00,00010,00,000
II. Assets   
1.Non-Current Assets   
(a)Fixed Assets:   
(i) Tangible Assets 8,00,0004,00,000
(ii) Intangible Assets 2,00,0002,00,000
(b)Non-Current Investments 2,00,0002,00,000
2. Current Assets    
(a)Inventories 2,50,0001,50,000
(b)Cash and Cash Equivalents 50,00050,000
Total 15,00,00010,00,000

 

The solution of Question 5 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 5,00,00010,00,0005,00,000100%
(b) Reserves and Surplus 1,00,0001,00,000  
3. Non-Current Liabilities     
Long-term borrowings 3,00,0002,00,0001,00,00033.33%
4. Current Liabilities     
Trade Payables 1,00,0002,00,0001,00,000100.00%
Total 10,00,00015,00,0007,00,00070.00%
II. Assets     
1.Non-Current Assets     
(a)Fixed Assets     
(i) Tangible Assets 4,00,0008,00,0004,00,000100.00%
(ii) Intangible Assets 2,00,0002,00,000  
(b)Non-Current Investment 2,00,0002,00,000  
2. Current Assets     
(a) Inventories 1,50,0002,50,0001,00,00066.67%
(b)Cash and Cash Equivalents 50,00050,000  
Total 10,00,00015,00,0007,00,00016.88%



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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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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