Question 7 Chapter 3 of +2-B
Table of Contents
Comparative Balance Sheet
7.From the following Balance Sheet of H.P. 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 | |||
| (i)Equity Share Capital | 12,50,000 | 5,00,000 | |
| (ii) Preference Share Capital | 2,50,000 | 2,50,000 | |
| (b) Reserves and Surplus | 3,00,000 | 4,50,000 | |
| 2. Non-Current Liabilities | |||
| (a)Long-term borrowings : 12% Debentures | 9,50,000 | 5,50,000 | |
| (b)Loan from Directors | 2,50,000 | 2,00,000 | |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 3,50,000 | 1,75,000 | |
| (b)Trade Payables | 2,00,000 | 1,00,000 | |
| (c) Short-term Provisions | 50,000 | 25,000 | |
| Total | 36,00,000 | 22,50,000 | |
| II. Assets | |||
| 1.Non-Current Assets | |||
| (a)Fixed Assets:(Tangible Assets) | 22,50,000 | 15,00,000 | |
| 2. Current Assets | |||
| (a)Inventories | 4,50,000 | 2,50,000 | |
| (b) Trade Receivables | 8,00,000 | 4,50,000 | |
| (c)Cash and Cash Equivalents | 1,00,000 | 50,000 | |
| Total | 36,00,000 | 22,50,000 |
The solution of Question 7 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 | 12,50,000 | 7,50,000 | 150.00% | |
| (ii) Preference Share Capital | 2,50,000 | 2,50,000 | |||
| (b) Reserves and Surplus | 4,50,000 | 3,00,000 | (1,50,000) | (33.33%) | |
| 3. Non-Current Liabilities | |||||
| Long-term borrowings | |||||
| 12% Debentures | 5,50,000 | 9,50,000 | 4,00,000 | 72.72% | |
| Loan from Directors | 2,00,000 | 2,50,000 | 50,000 | 25.00% | |
| 4. Current Liabilities | |||||
| (a) Short-term Borrowings | 1,75,000 | 3,50,000 | 1,75,000 | 100.00% | |
| (b)Trade Payables | 1,00,000 | 2,00,000 | 1,00,000 | 100.00% | |
| (c) Short-term Provisions | 25,000 | 50,000 | 25,000 | 100.00% | |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60.00% | |
| II. Assets | |||||
| 1.Non-Current Assets | |||||
| Fixed Assets (Tangible Assets) | 15,00,000 | 22,50,000 | 7,50,000 | 50.00% | |
| 2. Current Assets | |||||
| (a) Inventories | 2,50,000 | 4,50,000 | 2,00,000 | 80.00% | |
| (b)Trade Receivables | 4,50,000 | 8,00,000 | 3,50,000 | 77.77% | |
| (c)Cash and Cash Equivalents | 50,000 | 1,00,000 | 50,000 | 100.00% | |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60.00% | |
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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