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

Question 5 Chapter 3 of +2-B

Question 5 Chapter 3 of +2-B

Comparative Balance Sheet

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

Particulars Note no. 31st March, 31st March,
    2019 2018
I. Equity and Liabilities       
1. Shareholders’ Funds      
(a) Share Capital      
Equity Share Capital   10,00,000 5,00,000
(b) Reserves and Surplus   1,00,000 1,00,000
2. Non-Current Liabilities      
(a)Long-term borrowings   2,00,000 3,00,000
3. Current Liabilities      
(a)Trade Payables   2,00,000 1,00,000
Total   15,00,000 10,00,000
II. Assets      
1.Non-Current Assets      
(a)Fixed Assets:      
(i) Tangible Assets   8,00,000 4,00,000
(ii) Intangible Assets   2,00,000 2,00,000
(b)Non-Current Investments   2,00,000 2,00,000
2. Current Assets       
(a)Inventories   2,50,000 1,50,000
(b)Cash and Cash Equivalents   50,000 50,000
Total   15,00,000 10,00,000

 

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   5,00,000 10,00,000 5,00,000 100%
(b) Reserves and Surplus   1,00,000 1,00,000    
3. Non-Current Liabilities          
Long-term borrowings   3,00,000 2,00,000 1,00,000 33.33%
4. Current Liabilities          
Trade Payables   1,00,000 2,00,000 1,00,000 100.00%
Total   10,00,000 15,00,000 7,00,000 70.00%
II. Assets          
1.Non-Current Assets          
(a)Fixed Assets          
(i) Tangible Assets   4,00,000 8,00,000 4,00,000 100.00%
(ii) Intangible Assets   2,00,000 2,00,000    
(b)Non-Current Investment   2,00,000 2,00,000    
2. Current Assets          
(a) Inventories   1,50,000 2,50,000 1,00,000 66.67%
(b)Cash and Cash Equivalents   50,000 50,000    
Total   10,00,000 15,00,000 7,00,000 16.88%



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)

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T.S. Grewal’s Analysis of Financial Statements

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