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

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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

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Solution

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

Concept: Comparative Statements
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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 5 | Page 33
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