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Question
From the following information, prepare a Comparative Balance Sheet of Depth Ltd.
| Particulars | 31.3.2025 (₹) |
31.3.2024 (₹) |
| Share Capital | 25,00,000 | 25,00,000 |
| Property, Plant and Equipment and Intangible Assets | 36,00,000 | 30,00,000 |
| Reserves and Surplus | 6,00,000 | 5,00,000 |
| Investments | 5,00,000 | 5,00,000 |
| Long-term Loans | 15,00,000 | 15,00,000 |
| Inventory | 4,00,000 | 7,00,000 |
| Trade Receivables | 6,00,000 | 5,00,000 |
| Cash and Bank Balance | 50,000 | 3,00,000 |
| Trade Payables | 5,50,000 | 5,00,000 |
Ledger
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Solution
| Comparative Balance Sheet of Depth Ltd. as at 31st March, 2025 and 2024 |
|||||
| Particulars | Note No. | 31.3.2025 (₹) |
31.3.2024 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
| I. EQUITY AND LIABILITIES: | |||||
| 1. Shareholder’s Funds | |||||
| (a) Share Capital | 25,00,000 | 25,00,000 | - | ||
| (b) Reserve and Surplus | 6,00,000 | 5,00,000 | 1,00,000 | 20.00 | |
| 2. Non-Current liabilities | - | ||||
| Long-term Borrowings | 15,00,000 | 15,00,000 | - | ||
| 3. Current Liabilities | |||||
| Trade Payables | 5,50,000 | 5,00,000 | 50,000 | 10.00 | |
| Total | 51,50,000 | 50,00,000 | 1,50,000 | 3.00 | |
| II. ASSETS: | |||||
| 1. Non-Current Assets | |||||
| (a) Fixed Assets | 36,00,000 | 30,00,000 | 6,00,000 | 20.00 | |
| (b) Investments | 5,00,000 | 5,00,000 | - | ||
| 2. Current Assets | |||||
| (a) Inventories | 4,00,000 | 7,00,000 | (3,00,000) | (42.86) | |
| (b) Trade Receivables | 6,00,000 | 5,00,000 | 1,00,000 | 20.00 | |
| (c) Cash and Cash Equivalents | 50,000 | 3,00,000 | (2,50,000) | (83.33) | |
| Total | 51,50,000 | 50,00,000 | 1,50,000 | 3.00 | |
Working Note:
The percentage increase or decrease is calculated as follows:
(1) `(1,00,000)/(5,00,000)xx100` = 20.00%
(2) `(6,00,000)/(30,00,000)xx100` = 20.00%
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