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Following is the Summarised Balance Sheet of Wye Ltd. as at 31st March, 2019: - Accountancy

Ledger

Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2019:

Particulars

Note No.

31st March,
2019

(₹)

31st March,
2018

(₹)

I. EQUITY AND LIABILITIES      

1. Shareholders' Funds

 

 

 

(a) Share Capital:

 

 

 

(i) Equity Share Capital

 

4,00,000

4,00,000

(ii) Preference Share Capital

  1,00,000 1,00,000

(b) Reserves and Surplus

  1,20,000 1,10,000

2. Non-Current Liabilities

     

(a) Long-term Borrowings

1. 4,50,000 4,50,000

(b) Long-term Provisions

  50,000 1,00,000

3. Current Liabilities

     

(a) Trade Payables (Creditors)

  5,30,000 3,30,000

(b) Short-term Provisions

 

50,000

50,000

Total

 

17,00,000

15,40,000
II. ASSETS  

 

 

1. Non-Current Assets

     

(a) Fixed Assets (Tangible)

  9,90,000 10,40,000

(b) Non-Current Investments

  1,00,000 1,00,000

2. Current Assets

     

(a) Trade Receivables

  5,00,000 3,00,000

(b) Cash and Cash Equivalents

2

1,10,000

1,00,000

Total

 

17,00,000

15,40,000

Notes to Accounts 

Particulars

31st March,
2019

(₹)

31st March,
2018

(₹)

I. Long-term Borrowings    

Bank Loan

3,50,000

4,50,000

8% Debentures

1,00,000

...
 

4,50,000

4,50,000
2. Cash and Cash Equivalents    

Bank Balance

1,00,000

90,000

Cash in Hand

10,000

10,000
 

1,10,000

1,00,000

You are required to comment upon the changes in absolute figures from one period to another.

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Solution

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

Particulars

2018

(₹)

2019

(₹)

Absolute

Change

(₹)

Comments

I. Equity and Liabilities

 

 

 

 

1. Shareholders’ Funds

 

 

 

 

        a. Equity Share Capital

4,00,000

4,00,000

-

No Change

        b. Preference Share Capital 1,00,000 1,00,000 - No Change

ii. Reserve and Surplus

1,10,000

1,20,000

10,000

Increase

 Shareholders’ Fund

6,10,000

6,20,000

10,000

 

2. Non-Current Liabilities

 

 

 

 

a. Long-term Borrowings

 

 

 

 

Bank Loan

4,50,000

3,50,000

1,00,000

Decrease

8% Debentures

-

1,00,000

1,00,000

Increase

          b. Long-Term Provision 1,00,000 50,000 50,000 Decrease

3. Current Liabilities

 

 

 

 

         a. Trade Payables 3,30,000 5,30,000 2,00,000 Increase

         b. Short-Term Provisions

50,000

50,000

-

No Change

Total

15,40,000

17,00,000

1,60,000

 

II. Assets

 

 

 

 

1. Non-Current Assets

 

 

 

 

a. Fixed Assets (Tangible)

10,40,000

9,90,000

50,000

Decrease

          b. Non-Current Investments 1,00,000 1,00,000 - No Change

2. Current Assets

 

 

 

 

b. Trade Receivables

3,00,000

5,00,000

2,00,000

Increase

c. Cash and Cash Equivalents

1,00,000

1,10,000

10,000

Increase

Total 

15,40,000

17,00,000

1,60,000

 

  Is there an error in this question or solution?
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APPEARS IN

TS Grewal Class 12 Accountancy - Analysis of Financial Statements
Chapter 2 Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements
Exercise | Q 4 | Page 32
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