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Question
The following are the balance sheets of Alpha Ltd., as at March 31, 2016 and 2017. You are required to prepare a comparative balance sheet.
| Particulars | March 31, 2016 (Rs.) | March 31, 2017 (Rs.) |
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| (a) Share Capital | 2,00,000 | 4,00,000 |
| (b) Reserve & Surplus | 1,00,000 | 1,50,000 |
| 2. Non-current Liabilities | ||
| (a) Long Term Borrowings | 2,00,000 | 3,00,000 |
| 3. Current Liabilities | ||
| (a) Short-term borrowings | 50,000 | 70,000 |
| (b) Trade Payables | 30,000 | 60,000 |
| (c) Other Current Liabilities | 20,000 | 10,000 |
| (d) Short-term Provisions | 20,000 | 20,000 |
| Total | 6,20,000 | 10,20,000 |
| II. Assets | ||
| 1. Non-Current Assets | ||
| (a) Fixed Assets | 2,00,000 | 5,00,000 |
| (b) Non-Current Investments | 1,00,000 | 1,25,000 |
| 2. Current Assets | ||
| (a) Current Investments | 60,000 | 80,000 |
| (b) Inventories | 1,35,000 | 1,55,000 |
| (c) Trade Receivables | 60,000 | 90,000 |
| (d) Cash and Cash Equivalents | 25,000 | 10,000 |
| (e) Short-term Loans & Advances | 40,000 | 60,000 |
| Total | 6,20,000 | 10,20,000 |
Ledger
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Solution
| Comparative Balance Sheet of Alpha Ltd. As at March 31, 2016 and March 31, 2017 | ||||
| Particulars | March 31, 2016 (Rs.) | March 31, 2017 (Rs.) | Absolute Increase (+) or Decrease (-) (Rs.) |
Percentage Increase (+) or Decrease (-) (%) |
| I. Equity and Liabilities | ||||
| 1. Shareholders’ Funds | ||||
| (a) Share Capital | 2,00,000 | 4,00,000 | 2,00,000 | 100 |
| (b) Reserve & Surplus | 1,00,000 | 1,50,000 | 50,000 | 50 |
| 2. Non-current Liabilities | ||||
| (a) Long Term Borrowings | 2,00,000 | 3,00,000 | 1,00,000 | 50 |
| 3. Current Liabilities | ||||
| (a) Short-term borrowings | 50,000 | 70,000 | 20,000 | 40 |
| (b) Trade Payables | 30,000 | 60,000 | 30,000 | 100 |
| (c) Other Current Liabilities | 20,000 | 10,000 | 10,000 | 50 |
| (d) Short-term Provisions | 20,000 | 20,000 | 0 | 0 |
| Total Equity & Liabilities | 6,20,000 | 10,20,000 | 4,00,000 | 64.52 |
| II. Assets | ||||
| 1. Non-Current Assets | ||||
| (a) Fixed Assets | 2,00,000 | 5,00,000 | 3,00,000 | 150 |
| (b) Non-Current Investments | 1,00,000 | 1,25,000 | 25,000 | 25 |
| 2. Current Assets | ||||
| (a) Current Investments | 60,000 | 80,000 | 20,000 | 33.33 |
| (b) Inventories | 1,35,000 | 1,55,000 | 20,000 | 14.81 |
| (c) Trade Receivables | 60,000 | 90,000 | 30,000 | 50 |
| (d) Cash and Cash Equivalents | 25,000 | 10,000 | 15,000 | 60 |
| (e) Short-term Loans & Advances | 40,000 | 60,000 | 20,000 | 50 |
| Total Assets | 6,20,000 | 10,20,000 | 4,00,000 | 64.52 |
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