Question

From the following Balance Sheet of J. J. Ltd. prepare a Comparative Balance Sheet as at 31.3.2022:

J. J. Ltd. Balance Sheet as at 31.3.2022
Particulars	Note No.	31.3.2022 (₹)	31.3.2021 (₹)
I. Equity and Liabilities
1. Shareholders' Funds
(a) Equity Share Capital		25,00,000	20,00,000
(b) Reserves and Surplus		5,00,000	4,00,000
2. Non-Current Liabilities
Long-term borrowings		10,00,000	10,00,000
3. Current Liabilities
Trade payables		2,00,000	1,00,000
Total		42,00,000	35,00,000
II. Assets
1. Non Current Assets
Fixed Assets		30,00,000	25,00,000
2. Current Assets
Inventories		12,00,000	10,00,000
Total		42,00,000	35,00,000

Answer 1

In the books of J .J. Ltd. Comparative Balance Sheet for the years ended 31st March, 2021 and 2022
Particulars	Note No.	2020 - 21 (₹)	2021 - 22 (₹)	Absolute change (₹)	Percentage change (₹)
I. Equity and Liabilities:
1. Shareholders' Funds:
(a) Equity share capital		20,00,000	25,00,000	5,00,000	25
(b) Reserves and Surplus		4,00,000	5,00,000	1,00,000	25
2. Non-current Liabilities:
Long-term borrowings		10,00,000	10,00,000	-	-
3. Current Liabilities:
Trade payables		1,00,000	2,00,000	1,00,000	100
Total		35,00,000	42,00,000	7,00,000	20
II. Assets:
1. Non-Current Assets:
Fixed Assets		25,00,000	30,00,000	5,00,000	20
2. Current Assets:
Inventions		10,00,000	12,00,000	2,00,000	20
Total		35,00,000	42,00,000	7,00,000	20