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Question
Prepare Comparative Balance Sheet for the year ended 31.3.17 and 31.3.18
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| 1) Current liabilities | 60,000 | 48,000 |
| 2) Fixed Assets | 2,40,000 | 3,00,000 |
| 3) Loan | 68,000 | 1,02,000 |
| 4) Share Capital | 1,20,000 | 1,44,000 |
| 5) Reserve & Surplus | 48,000 | 60,000 |
| 6) Current Assets | 56,000 | 54,000 |
Solution
| Comparative Balance Sheet as on 31st March 2017 and 31st March 2018 | ||||
| Particulars | 31 – 03 – 2017 (₹) | 31 – 03 – 2018 (₹) | Absolute Change (₹) | Percentage Change |
| I. Sources of Funds | ||||
| (a) Share Capital | 1,20,000 | 1,44,000 | 24,000 | 20 % Increase |
| (b) Reserve and Surplus | 48,000 | 60,000 | 12,000 | 25 % Increase |
| (A) Net Worth | 1,68,000 | 2,04,000 | 36,000 | 21.43 % Increase |
| (B) Borrowed Funds – Loan | 68,000 | 1,02,000 | 34,000 | 50 % Increase |
| Total Funds Available (A + B) | 2,36,000 | 3,06,000 | 70,000 | 29.66 % Increase |
| II. Application of Funds | ||||
| A. Fixed Assets | 2,40,000 | 3,00,000 | 60,000 | 25 % Increase |
| B. (1) Current Assets | 56,000 | 54,000 | (2,000) | (3.57 %) Decrease |
| Less : (2) Current Liabilities | 60,000 | 48,000 | (12,000) | (20 %) Decrease |
| B. Working Capital | ||||
| (Current Assets – Current Liabilities | (4,000) | 6,000 | 10,000 | (250 %) Decrease |
| Total Funds Applied (A + B) | 2,36,000 | 3,06,000 | 70,000 | 29.66 % Increase |
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| Balance Sheet as on 31st March, 2022 and 31st March, 2023 | |||||
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