From the Following Balance Sheets of Vinayak Ltd. as at 31st March, 2019, Prepare a Comparative Balance Sheet. - Accountancy

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From the following Balance Sheets of Vinayak Ltd. as at 31st March, 2019, prepare a comparative Balance Sheet.

Vinayak Ltd. 
Balance Sheet as at 31st March, 2019  

  Particulars

Note No.

31-03-19(₹)

31-03-18(₹)

  Equity and Liabilities

 

 

 

(1) Shareholders Funds

 

 

 

  (a) Share capital

 

21,00,000

20,00,000

  (b) Reserves and Surplus

 

2,30,000

2,00,000

(2) Non-current liabilities

 

 

 

  Long term borrowing

 

5,60,000

2,00,000

(3) Current liabilities

 

 

 

  Trade payables

 

2,80,000

1,00,000

  Total

 

31,70,000

25,00,000

  Assets

 

 

 

(1) Non-current Assets

 

 

 

  Fixed Assets

 

 

 

  (i) Tangible assets

 

21,00,000

20,00,000

  (ii) Intangible assets

 

3,00,000

2,00,000

(2) Current Assets

 

 

 

  (a) Inventories

 

5,60,000

2,00,000

  (b) cash and cash equivalents

 

2,10,000

1,00,000

  Total

 

31,70,000

25,00,000

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Solution

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

Particulars

2018

(₹)
(A)

2019

(₹)
(B)

Absolute

Change

(C = B - A)

Percentage

Change

`("D" = "C"/"A" xx 100)`

I. Equity and Liabilities        
1. Shareholders’ Funds        
a. Equity Share Capital
20,00,000 21,00,000 1,00,000 5
b. Reserve and Surplus 2,00,000 2,30,000

30,000

15 
Shareholders’ Fund        
2. Non-Current Liabilities        
a. Long-term Borrowings 2,00,000 5,60,000 3,60,000 180
3. Current Liabilities        
Trade Payables 1,00,000 2,80,000 1,80,000 180
Total 25,00,000 31,70,000 6,70,000 26.8
         
II. Assets        
1. Non-Current Assets
       
Fixed Asset        
a. Tangible 20,00,000 21,00,000 1,00,000 5
b. Intangible 2,00,000 3,00,000 1,00,000 50
2. Current Assets        
Inventories 2,00,000 5,60,000 3,60,000 180
b. Cash and Cash Equivalents 1,00,000 2,10,000 1,10,000 110
Total 25,00,000 31,70,000 6,70,000 26.8
Concept: Comparative Statements
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