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Question
From the Balance Sheet of Surya Limited, prepare a Comparative Balance Sheet as on 31st March, 2022 and 31st March, 2023:
| Balance Sheet as on 31st March, 2022 and 31st March, 2023 | |||||
| Liabilities | 31-03-2022 (₹) | 31-03-2023 (₹) | Assets | 31-03-2022 (₹) | 31-03-2023 (₹) |
| Equity Share Capital | 1,60,000 | 2,00,000 | Land | 64,000 | 80,000 |
| 12% Preference Shares | 64,000 | 64,000 | Building | 48,000 | 72,000 |
| Reserves and Surplus | 80,000 | 1,12,000 | Plant and Machinery | 58,400 | 1,38,400 |
| 15% Debentures | 48,000 | 40,800 | Stock | 1,20,000 | 88,000 |
| Creditors | 40,000 | 64,000 | Debtors | 1,02,400 | 1,12,000 |
| Bills Payable | 8,000 | 4,800 | Bank | 27,200 | 29,600 |
| Provision for Taxation | 20,000 | 34,400 | |||
| 4,20,000 | 5,20,000 | 4,20,000 | 5,20,000 | ||
Ledger
Solution
| Comparative Balance Sheet of Surya Limited as on 31st March, 2022 and 31st March, 2023 | ||||
| Particulars | (1) 31 – 03 – 2022 (₹) |
(2) 31 – 03 – 2023 (₹) |
(3) Absolute Change |
(4) Percentage Change |
| I. Sources of Funds | ||||
| (a) Equity Share Capital | 1,60,000 | 2,00,000 | 40,000 | 25 % Increase |
| (b) 12 % Preference Shares | 64,000 | 64,000 | - | - |
| (c) Reserve and Surplus | 80,000 | 1,12,000 | 32,000 | 40 % Increase |
| (A) Net Worth | 3,04,000 | 3,76,000 | 72,000 | 23.68 % Increase |
| Borrowed Funds | ||||
| Secured Loan – 15 % Debentures | 48,000 | 40,800 | (7,200) | (15 %) Decrease |
| (B) Total Borrowed Funds | 48,000 | 40,800 | (7,200) | (15 %) Decrease |
| Total Funds Available (A + B) | 3,52,000 | 4,16,800 | 64,800 | 18.41 % Increase |
| II. Application of Funds | ||||
| A. Fixed Assets – | ||||
| Land | 64,000 | 80,000 | 16,000 | 25 % Increase |
| Building | 48,000 | 72,000 | 24,000 | 50 % Increase |
| Plant and Machinery | 58,400 | 1,38,400 | 80,000 | 137 % Increase |
| 1,70,400 | 2,90,400 | 1,20,000 | 70.42 % Increase | |
| B. Working Capital | ||||
| Current Assets – | ||||
| Stock | 1,20,000 | 88,000 | (32,000) | (26.67) % Decrease |
| Debtors | 1,02,400 | 1,12,000 | 9,600 | 9.375 % Increase |
| Bank | 27,200 | 29,600 | 2,400 | 8.82 % Increase |
| Less: Current Liabilities | ||||
| Creditors | 40,000 | 64,000 | 24,000 | 60 % Increase |
| Bills Payable | 8,000 | 4,800 | (3,200) | (40 %) Decrease |
| Provision for Taxation | 20,000 | 34,400 | 14,400 | 72 % Increase |
| Working Capital (Current Assets – Current Liabilities) | 1,81,600 | 1,26,400 | (55,200) | (30.40 %) Decrease |
| Total Funds Applied (A + B) | 3,52,000 | 4,16,800 | 64,800 | 18.41 % Increase |
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