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Question
Prepare Comparative Balance Sheet for the year ended 31.3.18 and 31.3.19 Assets & Liabilities as follows:
| Particulars | 31.3.18 (₹) | 31.3.19 (₹) |
| 1) Fixed Assets | 120,000 | 1,50,000 |
| 2) Share Capital | 60,000 | 72,000 |
| 3) Current Assets | 28,000 | 27,000 |
| 4) Reserve & Surplus | 24,000 | 30,000 |
| 5) Loan | 34,000 | 51,000 |
| 6) Current liabilities | 30,000 | 24,000 |
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Solution
| Comparative Balance Sheet as on 31st March 2018 and 31st March 2019 | ||||
| Particulars | 31.03.2018 (₹) | 31.03.2019 (₹) | Absolute Change (₹) | Percentage Change |
| I. Sources of Funds |
||||
| (a) Share Capital | 60,000 | 72,000 | 12,000 | 20% Increase |
| (b) Reserve and Surplus | 24,000 | 30,000 | 6,000 | 25% Increase |
| (A) Net Worth | 84,000 | 1,02,000 | 18,000 | 21.43% Increase |
| (B) Borrowed Funds – Loan | 34,000 | 51,000 | 17,000 | 50% Increase |
| Total Funds Available (A + B) | 1,18,000 | 1,53,000 | 35,000 |
29.66% Increase |
| II. Application of Funds |
||||
| A. Fixed Assets | 1,20,000 | 1,50,000 | 30,000 | 25% Increase |
| B. Working Capital | ||||
| (1) Current Assets | 28,000 | 27,000 | (1,000) | (3.57%) Decrease |
| Less: (2) Current Liabilities | 30,000 | 24,000 | (6,000) | (20%) Decrease |
| Working Capital (Current Asset - Current Liabilities) | (2,000) | 3,000 | 5,000 | (250%) Decrease |
| Total Funds Applied (A + B) | 1,18,000 | 1,53,000 | 35,000 | 29.66% Increase |
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