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Question
From the following particulars, prepare a comparative statement of the financial position of Kala Ltd.
| Particulars | 31st March, 2017 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholders' Fund | ||
| a) Share capital | 3,00,000 | 3,60,000 |
| b) Reserves and surplus | 50,000 | 50,000 |
| 2. Non-current liabilities | ||
| Long-term borrowings | 50,000 | 40,000 |
| 3. Current liabilities | ||
| Trade payables | 20,000 | 12,000 |
| Total | 4,20,000 | 4,62,000 |
| II. ASSETS | ||
| 1. Non - Current assets | ||
| a) Fixed assets | 2,50,000 | 2,90,000 |
| b) Non - Current investments | 50,000 | 40,000 |
| 2. Current assets | ||
| Inventories | 80,000 | 1,00,000 |
| Cash and Cash equivalents | 40,000 | 32,000 |
| Total | 4,20,000 | 4,62,000 |
Ledger
Solution
| Particulars | 31.3.17 | 31.3.18 | Absolute amount of (+) ↑ T (or) (-) ↓ |
% of (+) ↑ (or) (-) ↓ |
| I. EQUITY AND LIABILITIES | ||||
| 1. Shareholder's Fund | ||||
| (a) Share capital | 3,00,000 | 3,60,000 | + 60,000 | 20% |
| (b) Reserves & Surplus | 50,000 | 50,000 | - | - |
| 2. Non-Current Liabilities | ||||
| Long term borrowing | 50,000 | 40,000 | (-) 10,000 | 20% |
| 3. Current Liabilities | ||||
| Trade Payables | 20,000 | 12,000 | (-) 8,000 | 40% |
| Total | 4,20,000 | 4,62,000 | +42,000 | 10% |
| II. ASSETS | ||||
| 1. Non current assets | ||||
| (a) Fixed Assets | 2,50,000 | 2,90,000 | +40,000 | 16% |
| (b) Non-Current | 50,000 | 40,000 | -10,000 | 20% |
| Investments | ||||
| 2. Current Assets | ||||
| (a) Inventories | 80,000 | 1,00,000 | +20,000 | 25% |
| Cash and cash equipment | 40,000 | 32,000 | -8,000 | 20% |
| Total | 4,20,000 | 4,62,000 | +45,000 | 10% |
shaalaa.com
Preparation of Comparative Statements
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