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Question
From the Balance Sheet of Amar Traders as on 31st March 2018 and 31st, March 2019 prepare comparative Balance Sheet.
| Liabilities | 31.3.2018 (₹) | 31.3.2019 (₹) | Assets | 31.3.2018 (₹) | 31.3.2019 (₹) |
| Capital | 60,000 | 72,000 | Fixed Assets | 1,20,000 | 1,50,000 |
| Reserves and Surplus | 24,000 | 30,000 | Current Assets | 28,000 | 27,000 |
| Loans | 34,000 | 51,000 | |||
| Creditors | 30,000 | 24,000 | |||
| 1,48,000 | 1,77,000 | 1,48,000 | 1,77,000 |
Solution
| Comparative Balance Sheet of Amar Traders as on 31st March 2018 and 31st March 2019 | ||||
| Particulars | 31 – 03 – 2018 (₹) | 31 – 03 – 2019 (₹) | Absolute Change (₹) | Percentage Change |
| I. Sources of Funds | ||||
| (a) Capital | 60,000 | 72,000 | 12,000 | 20 % Increase |
| (b) Reserve and Surplus | 24,000 | 30,000 | 6,000 | 25 % Increase |
| (A) Net Worth | 84,000 | 1,02,000 | 18,000 | 21.43 % Increase |
| Borrowed Funds | ||||
| (a) Loans | 34,000 | 51,000 | 17,000 | 50 % Increase |
| (B) Total Borrowed Funds | 34,000 | 51,000 | 17,000 | 50 % Increase |
| Total Funds Available (A + B) | 1,18,000 | 1,53,000 | 35,000 | 29.66 % Increase |
| II. Application of Funds | ||||
| A. Fixed Assets | 1,20,000 | 1,50,000 | 30,000 | 25 % Increase |
| B. Working Capital | ||||
| (1) Current Assets | 28,000 | 27,000 | (1,000) | (3.57 %) Decrease |
|
Less : (2) Current Liabilities Creditors |
30,000 | 24,000 | (6,000) | (20 %) Decrease |
| Working Capital | ||||
| (Current Assets – Current Liabilities) | (2,000) | 3,000 | 5,000 | (250 %) Increase |
| Total Funds Applied (A + B) | 1,18,000 | 1,53,000 | 35,000 | 29.66 % Increase |
Percentage change = `"Amount of absolute change"/"Amount of previous year" xx100`.
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