Question

From the following Balance Sheets of Universe Ltd. as at 3 lst March 2025 & 2024 prepare a Comparative Balance Sheet:

Universe Ltd.
BALANCE SHEET as at 31st March 2025 and 2024
Particulars	Note No.	31.3.2025 (₹)	31.3.2024 (₹)
I. EQUITY AND LIABILITIES:
(1) Shareholders’ Funds:
(a) Share Capital		20,00,000	15,00,000
(b) Reserves and Surplus		3,00,000	4,00,000
(2) Non-Current Liabilities:
Long-term Borrowings		9,00,000	6,00,000
(3) Current Liabilities:
Trade Payables		3,00,000	2,00,000
Total		35,00,000	27,00,000
II. ASSETS:
(1) Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets
(i) Property, Plant and Equipment		20,00,000	15,00,000
(ii) Intangible Assets		9,00,000	6,00,000
(2) Current Assets
(a) Inventories		3,00,000	4,00,000
(b) Cash and Bank Balance		3,00,000	2,00,000
Total		35,00,000	27,00,000

Answer 1

Balance sheet of Universe Ltd. as at 31st March 2025 and 2024
Particulars	Note No.	31.3.2025 (₹)	31.3.2024 (₹)	Absolute  Change (₹)	Percentage Change (%)
I. EQUITY AND LIABILITIES:
(1) Shareholders’ Funds:
(a) Share Capital		20,00,000	15,00,000	5,00,000	33.33
(b) Reserves and Surplus		3,00,000	4,00,000	(1,00,000)	(25)
(2) Non-Current Liabilities:
Long-term Borrowings		9,00,000	6,00,000	3,00,000	50
(3) Current Liabilities:
Trade Payables		3,00,000	2,00,000	1,00,000	50
Total		35,00,000	27,00,000	8,00,000	29.63
II. ASSETS:
(1) Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets
(i) Property, Plant and Equipment		20,00,000	15,00,000	5,00,000	33.33
(ii) Intangible Assets		9,00,000	6,00,000	3,00,000	50
(2) Current Assets
(a) Inventories		3,00,000	4,00,000	(1,00,000)	(25)
(b) Cash and Bank Balance		3,00,000	2,00,000	1,00,000	50
Total		35,00,000	27,00,000	8,00,000	29.63