Question 6 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 6 Chapter 3 of +2-B

Question 6 Chapter 3 of +2-B

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)

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

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