Question

From the following particulars, prepare a comparative statement of the financial position of Kala Ltd.

Particulars	31st March, 2017 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Fund
a) Share capital	3,00,000	3,60,000
b) Reserves and surplus	50,000	50,000
2. Non-current liabilities
Long-term borrowings	50,000	40,000
3. Current liabilities
Trade payables	20,000	12,000
Total	4,20,000	4,62,000
II. ASSETS
1. Non - Current assets
a) Fixed assets	2,50,000	2,90,000
b) Non - Current investments	50,000	40,000
2. Current assets
Inventories	80,000	1,00,000
Cash and Cash equivalents	40,000	32,000
Total	4,20,000	4,62,000

Answer 1

Particulars	31.3.17	31.3.18	Absolute amount of (+) ↑ T (or) (-) ↓	% of (+) ↑  (or) (-) ↓
I. EQUITY AND LIABILITIES
1. Shareholder's Fund
(a) Share capital	3,00,000	3,60,000	+ 60,000	20%
(b) Reserves & Surplus	50,000	50,000	-	-
2. Non-Current Liabilities
Long term borrowing	50,000	40,000	(-) 10,000	20%
3. Current Liabilities
Trade Payables	20,000	12,000	(-) 8,000	40%
Total	4,20,000	4,62,000	+42,000	10%
II. ASSETS
1. Non current assets
(a) Fixed Assets	2,50,000	2,90,000	+40,000	16%
(b) Non-Current	50,000	40,000	-10,000	20%
Investments
2. Current Assets
(a) Inventories	80,000	1,00,000	+20,000	25%
Cash and cash equipment	40,000	32,000	-8,000	20%
Total	4,20,000	4,62,000	+45,000	10%