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प्रश्न
From the following Balance Sheets of Royal Industries as at 31st March, 2024 and 2023, prepare a comparative Balance Sheet:
| Particulars | Note No. | 31.3.2024 (₹) |
31.3.2023 (₹) |
| I. EQUITY AND LIABILITIES: | |||
| 1. Shareholder’s Funds: | |||
| (a) Share Capital | 8,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 1,00,000 | 1,00,000 | |
| 2. Non-Current Liabilities | |||
| Long term Borrowings | 4,00,000 | 3,00,000 | |
| 3. Current Liabilities | |||
| Short term Borrowings | 2,00,000 | 1,00,000 | |
| Total | 15,00,000 | 10,00,000 | |
| II. ASSETS: | |||
| 1. Non-Current Assets | 6,00,000 | 4,00,000 | |
| 2. Current Assets: | |||
| (a) Inventories | 3,00,000 | 2,00,000 | |
| (b) Trade Receivables | 4,00,000 | 3,00,000 | |
| (c) Cash and Bank Balance | 2,00,000 | 1,00,000 | |
| Total | 15,00,000 | 10,00,000 |
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उत्तर
| Comparative Balance Sheet of Royal Industries as at 31st March, 2024 and 2023. |
|||||
| Particulars | Note No. | 31.3.2024 (₹) |
31.3.2023 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
| I. EQUITY AND LIABILITIES: | |||||
| 1. Shareholder’s Funds: | |||||
| (a) Share Capital | 8,00,000 | 5,00,000 | 3,00,000 | 60.00 | |
| (b) Reserves and Surplus | 1,00,000 | 1,00,000 | - | - | |
| 2. Non-Current Liabilities | |||||
| Long term Borrowings | 4,00,000 | 3,00,000 | 1,00,000 | 33.33 | |
| 3. Current Liabilities | |||||
| Short term Borrowings | 2,00,000 | 1,00,000 | 1,00,000 | 100.00 | |
| Total | 15,00,000 | 10,00,000 | 5,00,000 | 50.00 | |
| II. ASSETS: | |||||
| 1. Non-Current Assets | 6,00,000 | 4,00,000 | 2,00,000 | 50.00 | |
| 2. Current Assets: | |||||
| (a) Inventories | 3,00,000 | 2,00,000 | 1,00,000 | 50.00 | |
| (b) Trade Receivables | 4,00,000 | 3,00,000 | 1,00,000 | 33.33 | |
| (c) Cash and Bank Balance | 2,00,000 | 1,00,000 | 1,00,000 | 100.00 | |
| Total | 15,00,000 | 10,00,000 | 5,00,000 | 50.00 | |
Working Notes:
Computation of Percentage Change:
(1) Changes in Share Capital = Current Share Capital − Previous Share Capital
Changes in Share Capital = 8,00,000 − 500,000
Changes in Share Capital = Rs. 3,00,000
Share Capital = `("Changes in Share Capital")/("Base year Capital")xx 100`
Share Capital = `(3,00,000)/(500,000)xx100` = 60%
(2) Changes in Long term Borrowings = Current Long term Borrowings − Previous Long term Borrowings
Changes in Long term Borrowings = 8,00,000 − 500,000
Changes in Long term Borrowings = Rs. 3,00,000
Long term Borrowings = `("Changes in Long term Borrowing")/("Base year Long term Borrowing")xx100`
Long-term Borrowings = `(1,00,000)/(3,00,000)xx 100` = 33.33%
