Question

From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES 1. Shareholder's Funds
(a) Share Capital
Equity Share Capital		10,00,000	5,00,000
(b) Reserves and Surplus		1,00,000	1,00,000
2. Non-Current Liabilities
Long-term Borrowings		2,00,000	3,00,000
3. Current Liabilities
Trade Payables		2,00,000	1,00,000
Total		15,00,000	10,00,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets		8,00,000	4,00,000
(ii) Intangible Assets		2,00,000	2,00,000
(b) Non-Current Investments		2,00,000	2,00,000
2. Current Assets
(a) Inventories		2,50,000	1,50,000
(b) Cash and Cash Equivalents		50,000	50,000
Total		15,00,000	10,00,000

Answer 1

In the books of Royal Industries Ltd.
Comparative Balance Sheet
as at March 31, 2018 and 2019 

Particulars	2018 (₹)	2019 (₹)	Absolute Change (₹)	Percentage Change (%)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Equity Share Capital	5,00,000	10,00,000	5,00,000	100.00
b. Reserve and Surplus	1,00,000	1,00,000	–	–
Shareholders’ Fund	6,00,000	11,00,000	5,00,000	83.33
2. Non-Current Liabilities
a. Long-term Borrowings	3,00,000	2,00,000	(1,00,000)	(33.33)
3. Current Liabilities
a. Trade Payables	1,00,000	2,00,000	1,00,000	100.00
Total	10,00,000	15,00,000	5,00,000	50.00
II. Assets
1. Non-Current Assets
a. Fixed Assets (Tangible)	4,00,000	8,00,000	4,00,000	100.00
b. Intangible Assets	2,00,000	2,00,000	-	-
c. Non-Current Investments	2,00,000	2,00,000	-	-
2. Current Assets
a. Inventories	1,50,000	2,50,000	1,00,000	66.67
b. Cash and Cash Equivalents	50,000	50,000
	2,00,000	3,00,000	1,00,000	50.00
Total	10,00,000	15,00,000	5,00,000	50.00