Question 6 Chapter 3 of +2-B
Table of Contents
Comparative Balance Sheet
6.From the following Balance Sheet of Depth 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 | 2,80,000 | 1,80,000 | |
| (b) Reserves and Surplus | 1,00,000 | 1,00,000 | |
| 2. Non-Current Liabilities | |||
| (a)Long-term borrowings | 80,000 | 20,000 | |
| 3. Current Liabilities | |||
| (a)Trade Payables | 50,000 | 30,000 | |
| Total | 5,10,000 | 3,30,000 | |
| II. Assets | |||
| 1.Non-Current Assets | |||
| (a)Fixed Assets: | |||
| (i) Tangible Assets | 2,80,000 | 1,80,000 | |
| (ii) Intangible Assets | 50,000 | 30,000 | |
| (b)Non-Current Investments | 80,000 | 50,000 | |
| 2. Current Assets | |||
| (a)Inventories | 70,000 | 30,000 | |
| (b)Cash and Cash Equivalents | 30,000 | 40,000 | |
| Total | 5,10,000 | 3,30,000 |
The solution of Question 6 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 | 1,80,000 | 2,80,000 | 1,00,000 | 55.55% | |
| (b) Reserves and Surplus | 1,00,000 | 1,00,000 | |||
| 3. Non-Current Liabilities | |||||
| Long-term borrowings | 20,000 | 80,000 | 60,000 | 300.00% | |
| 4. Current Liabilities | |||||
| Trade Payables | 30,000 | 50,000 | 20,000 | 66.67% | |
| Total | 3,30,000 | 5,10,000 | 1,80,000 | 54.54% | |
| II. Assets | |||||
| 1.Non-Current Assets | |||||
| (a)Fixed Assets | |||||
| (i) Tangible Assets | 1,80,000 | 2,80,000 | 1,00,000 | 55.55% | |
| (ii) Intangible Assets | 30,000 | 50,000 | 20,000 | 66.67% | |
| (b)Non-Current Investment | 50,000 | 80,000 | 30,000 | 60.00% | |
| 2. Current Assets | |||||
| (a) Inventories | 30,000 | 70,000 | 40,000 | 133.33% | |
| (b)Cash and Cash Equivalents | 40,000 | 30,000 | (10,000) | 25.00% | |
| Total | 3,30,000 | 5,10,000 | 1,80,000 | 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)
- 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
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