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12th | Tools of Analysis of Financial Statement– Comparative Statement And Common Size Statement | Question No.  1 To 4 | Ts Grewal Solution 2022-2023

Question 1: From the following information, prepare Comparative Balance Sheet of Sunrise ta.


Particulars

31st March,

2020 (`)

31st March,

2021 (`)

Shareholders' Funds

15,00,000

22,50,000

Non-current Liabilities

7,50,000

7,50,000

Current Liabilities

2,50,000

7,50,000

Non-current Assets

17,50,000

26,25,000

Current Assets

7,50,000

11,25,000

Answer:


Comparative Balance sheet as at 31st March, 2021

Particulars

Note No.

31st March, 2020 (`)

31st March, 2021 `(`)

Absolute Change

(Increase/Decrease)(`)

Percentage Change

(Increase/Decrease)(%)

 

(A)

(B)

(C = A-B)

(D = C/A×100)

I.                    Equity and Liabilities

 

 

 

 

 

1.      Shareholders' Funds

 

15,00,000

22,50,000

7,50,000

50.00

2.      Non-current Current

 

7,50,000

7,50,000

. . .

. . .

3.      Current liabilities

 

2,50,000

7,50,000

5,00,000

200.00

Total

 

25,00,000

37,50,000

12,50,000

50

II.                 Assets

 

 

 

 

 

1.      Non-current Assets

 

17,50,000

26,25,000

8,75,000

50.00

2.      Current Assets

 

7,50,000

11,25,000

3,75,000

50.00

Total

 

25,00,000

37,50,000

12,50,000

50

 

Question 2:


From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.:

 

Particulars

Note
No.

31st March, 2022

( `)

31st March, 2021
(
`)

I. EQUITY AND LIABILITIES

1. Shareholder's Funds

 

 

 

(a) Share Capital

 

3,50,000

3,00,000

2. Non-Current Liabilities

 

 

 

Long-term Borrowings

 

1,00,000

2,00,000

3. Current Liabilities :

 

 

 

Trade Payables

 

1,50,000

1,00,000

Total

 

6,00,000

6,00,000

II. ASSETS

 

 

 

1. Non-Current Assets

 

 

 

Fixed Assets (Tangible)

 

4,00,000

3,00,000

2. Current Assets

 

 

 

Trade Receivables

 

2,00,000

3,00,000

Total

 

6,00,000

6,00,000

Answer:


In the books of Sun Ltd.

Comparative Balance Sheet

as at March 31, 2021 and 2022

Particulars

2021

( `)

2022

( `)

Absolute

Change

( `)

Percentage

Change

(%)

I. Equity and Liabilities

 

 

 

 

1. Shareholders’ Funds

 

 

 

 

a. Share Capital

3,00,000

3,50,000

50,000

16.67

Shareholders’ Fund

3,00,000

3,50,000

50,000

16.67

2. Non-Current Liabilities

 

 

 

 

a. Long-term Borrowings

2,00,000

1,00,000

(1,00,000)

(50.00)

3. Current Liabilities

 

 

 

 

a. Trade Payables

1,00,000

1,50,000

50,000

50.00

Total

6,00,000

6,00,000

 

 

 

 

 

II. Assets

 

 

 

 

1. Non-Current Assets

 

 

 

 

a. Fixed Assets (Tangible)

3,00,000

4,00,000

1,00,000

33.33

2. Current Assets

 

 

 

 

a. Trade Receivables

3,00,000

2,00,000

(1,00,000)

(33.33)

Total

6,00,000

6,00,000

 

 

 

 

 

Question 3:


Following is the Balance Sheet of Radha Ltd. as at 31st March, 2022:

 

Particulars

Note No.

31st March, 2021,

( `)

31st March, 2022,

( `)

I. EQUITY AND LIABILITIES

1. Shareholders' Funds

 

 

 

(a) Share Capital

 

15,00,000

10,00,000

(b) Reserves and Surplus

 

10,00,000

10,00,000

2. Non-Current Liabilities

 

 

 

Long-term Borrowings

 

8,00,000

2,00,000

3. Current Liabilities

 

 

 

(a) Trade Payables

 

5,00,000

3,00,000

Total

 

38,00,000

25,00,000

II. ASSETS

 

 

 

1. Non-Current Assets

 

 

 

Fixed Assets:

 

 

 

(i) Tangible Assets

 

25,00,000

15,00,000

(ii) Intangible Assets

 

5,00,000

5,00,000

2. Current Assets 

 

 

 

(a) Trade Receivables

 

6,00,000

3,50,000

(b) Cash and Cash Equivalents

 

2,00,000

1,50,000

Total

 

38,00,000

25,00,000

 

 

 

 


You are required to prepare Comparative  Balance Sheet on the basis of the information given in the above Balance Sheet.

Answer:


In the books of Radha Ltd.

Comparative Balance Sheet

as at March 31, 2021 and 2022

Particulars

2021

( `)

2022

( `)

Absolute

Change

( `)

Percentage

Change

(%)

I. Equity and Liabilities

 

 

 

 

1. Shareholders’ Funds

 

 

 

 

a. Equity Share Capital

10,00,000

15,00,000

5,00,000

50.00

b. Reserve and Surplus

10,00,000

10,00,000

Shareholders’ Fund

20,00,000

25,00,000

5,00,000

25.00

2. Non-Current Liabilities

 

 

 

 

a. Long-term Borrowings

2,00,000

8,00,000

6,00,000

300.00

3. Current Liabilities

3,00,000

5,00,000

2,00,000

66.67

Total

25,00,000

38,00,000

13,00,000

52.00

II. Assets

 

 

 

 

1. Non-Current Assets

 

 

 

 

a. Fixed Assets (Tangible)

15,00,000

25,00,000

10,00,000

66.67

b. Intangible Assets

5,00,000

5,00,000

-

-

 

20,00,000

30,00,000

10,00,000

50.00

     2. Current Assets

 

 

 

 

a. Trade Receivables  

3,50,000

6,00,000

2,50,000

71.43

b. Cash and Cash Equivalents

1,50,000

2,00,000

50,000

33.33

 

5,00,000

8,00,000

3,00,000

60.00

Total

25,00,000

38,00,000

13,00,000

52.00

 

 

 

 

 

 

Question 4:


Balance Sheet of Blue Bell Ltd. as at 31st March, 2022 is given below:
  BALANCE SHEET
as at 31st March, 2022

Particulars

Note No.

31st March, 2022

( `)

31st March, 2021

( `)

I. EQUITY AND LIABILITIES

1. Shareholder's Funds

 

 

 

(a) Share Capital

 

3,26,000

2,44,000

(b) Reserves and Surplus

 

1,00,000

1,00,000

2. Non-Current Liabilities

 

 

 

Long-term Borrowings

 

6,96,000

4,38,000

3. Current Liabilities

 

 

 

Trade Payables

 

2,98,000

78,000

Total

 

14,20,000

8,60,000

II. ASSETS

 

 

 

1. Non-Current Assets

 

 

 

(a) Fixed Assets

 

5,68,000

4,30,000

(b) Non-Current Investments

 

6,000

4,000

2. Current Assets

 

 

 

(a) Trade Receivables

 

6,46,000

3,76,000

(b) Cash and Cash Equivalents

 

2,00,000

50,000

Total

 

14,20,000

8,60,000

 

 

 

 


Prepare Comparative Balance Sheet showing percentage changes from 2021 to 2022.

Answer:


In the books of Blue Bell Ltd.

Comparative Balance Sheet

as at March 31, 2021 and 2022

Particulars

2021

( `)

2022
(
`)

Absolute

Change

( `)

Percentage

Change

(%)

I. Equity and Liabilities

 

 

 

 

1. Shareholders’ Funds

 

 

 

 

a. Equity Share Capital

2,44,000

3,26,000

82,000

33.61

b. Reserves and Surplus

1,00,000

1,00,000

-

-

Shareholder's Funds

3,44,000

4,26,000

82,000

23.84

     2. Non-Current Liabilities

 

 

 

 

a. Long-term Borrowings

4,38,000

6,96,000

2,58,000

58.90

3. Current Liabilities

78,000

2,98,000

2,20,000

282.05

Total

8,60,000

14,20,000

5,60,000

65.12

 

 

 

 

 

II. Assets

 

 

 

 

1. Non-Current Assets

 

 

 

 

a. Fixed Assets (Tangible)

4,30,000

5,68,000

1,38,000

32.09

b. Non-Current Investments

4,000

6,000

2,000

50.00

 

4,34,000

5,74,000

1,40,000

32.26

2. Current Assets

 

 

 

 

          a. Trade Receivables

3,76,000

6,46,000

2,70,000

71.81

          b. Cash and Cash Equivalents

50,000

2,00,000

1,50,000

300.00

 

4,26,000

8,46,000

4,20,000

98.59

Total

8,60,000

14,20,000

5,60,000

65.12

 

Click below for more Questions

Ts Grewal Solution 2022-2023

Class 12 / Volume – 3

Chapter 3 – Tools of Analysis of Financial Statements- Comparative And Common Size Statement

Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12
Question No. 13 To 16
Question No. 17 To 20
Question No. 21 To 25

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