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Question
From the following Balance Sheet of Alpha Limited prepare a comparative Balance Sheet as on 31st March 2018 and 31st March 2019.
| Balance Sheet As on 31st March 2018 and 31st March 2019 | |||||
| Liabilities | 31.3.2018 (₹) | 31.3.2019 (₹) | Assets | 31.3.2018 (₹) | 31.3.2019 (₹) |
| Equity Share Capital | 2,00,000 | 2,50,000 | Land | 80,000 | 1,00,000 |
| 12% Preference Shares | 80,000 | 80,000 | Building | 60,000 | 90,000 |
| Reserves and Surplus | 1,00,000 | 1,40,000 | Plant and Machinery | 73,000 | 1,73,000 |
| 15% Debentures | 60,000 | 51,000 | Stock | 1,50,000 | 1,10,000 |
| Creditors | 50,000 | 80,000 | Debtors | 1,28,000 | 1,40,000 |
| Bills Payable | 10,000 | 6,000 | Bank | 34,000 | 37,000 |
| Provision for Taxation | 25,000 | 43,000 | |||
| 5,25,000 | 6,50,000 | 5,25,000 | 6,50,000 | ||
Solution
| Comparative Balance Sheet of Alpha Limited 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) Equity Share Capital | 2,00,000 | 2,50,000 | 50,000 | 25 % Increase |
| (b) 12 % Preference Shares | 80,000 | 80,000 | – | – |
| (c) Reserve and Surplus | 1,00,000 | 1,40,000 | 40,000 | 40 % Increase |
| (A) Net Worth | 3,80,000 | 4,70,000 | 90,000 | 23.68 % Increase |
| Borrowed Funds | ||||
| Secured Loan – 15 % Debentures | 60,000 | 51,000 | (9,000) | (15 %) Decrease |
| (B) Total Borrowed Funds | 60,000 | 51,000 | (9,000) | (15 %) Decrease |
| Total Funds Available (A + B) | 4,40,000 | 5,21,000 | 81,000 | 18.41 % Increase |
| II. Application of Funds | ||||
| A. Fixed Assets – Land | 80,000 | 1,00,000 | 20,000 | 25 % Increase |
| Building | 60,000 | 90,000 | 30,000 | 50 % Increase |
| Plant and Machinery | 73,000 | 1,73,000 | 1,00,000 | 137 % Increase |
| 2,13,000 | 3,63,000 | 1,50,000 | 70.42 % Increase | |
| I. B. Working Capital | ||||
| Current Assets – Stock | 1,50,000 | 1,10,000 | (40,000) | (26.67) % Decrease |
| Debtors | 1,28,000 | 1,40,000 | 12,000 | 9.375 % Increase |
| Bank | 34,000 | 37,000 | 3,000 | 8.82 % Increase |
| Less : Current Liabilities | ||||
| Creditors | 50,000 | 80,000 | 30,000 | 60 % Increase |
| Bills Payable | 10,000 | 6,000 | (4,000) | (40 %) Decrease |
| Provision for Taxation | 25,000 | 43,000 | 18,000 | 72 % Increase |
| Working Capital | ||||
| (Current Assets – Current Liabilities) | 2,27,000 | 1,58,000 | (69,000) | (30.40 %) Decrease |
| Total Funds Applied (A + B) | 4,40,000 | 5,21,000 | 81,000 | 18.41 % Increase |
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| Share Capital | 1,00,000 | 1,25,000 | Cash | 15,000 | 23,500 |
| Creditors | 35,000 | 22,500 | Debtors | 60,000 | 57,500 |
| Profit and Loss Ale | 5,000 | 11,500 | Stock | 40,000 | 45,000 |
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