Question 7 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 7 Chapter 3 of +2-B

Question 7 Chapter 3 of +2-B

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)

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

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