Question
5:
From the Following Balance Sheet of Royal Industries Ltd.
as at 31st March, 2022, prepare Comparative Balance Sheet:
|
Particulars |
Note No. |
31st March, 2022 ( `) |
31st March, 2021 ( `) |
|
I. EQUITY AND LIABILITIES 1. Shareholder's Funds |
|
|
|
|
(a) Share Capital |
|
|
|
|
Equity Share Capital |
|
10,00,000 |
5,00,000 |
|
(b) Reserves and Surplus |
|
1,00,000 |
1,00,000 |
|
|
|
|
|
|
2. Non-Current Liabilities |
|
|
|
|
Long-term Borrowings |
|
2,00,000 |
3,00,000 |
|
|
|
|
|
|
3. Current Liabilities |
|
|
|
|
Trade Payables |
|
2,00,000 |
1,00,000 |
|
|
|
|
|
|
Total |
|
15,00,000 |
10,00,000 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
(a) Fixed Assets: |
|
|
|
|
(i) Tangible Assets |
|
8,00,000 |
4,00,000 |
|
(ii) Intangible Assets |
|
2,00,000 |
2,00,000 |
|
(b) Non-Current Investments |
|
2,00,000 |
2,00,000 |
|
|
|
|
|
|
2. Current Assets |
|
|
|
|
(a) Inventories |
|
2,50,000 |
1,50,000 |
|
(b) Cash and Cash Equivalents |
|
50,000 |
50,000 |
|
Total |
|
15,00,000 |
10,00,000 |
|
|
|
|
|
Answer:
|
In the books of Royal Industries 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 |
5,00,000 |
10,00,000 |
5,00,000 |
100.00 |
|
b. Reserve and
Surplus |
1,00,000 |
1,00,000 |
– |
– |
|
Shareholders’
Fund |
6,00,000 |
11,00,000 |
5,00,000 |
83.33 |
|
2. Non-Current Liabilities |
|
|
|
|
|
a. Long-term
Borrowings |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
|
3. Current
Liabilities |
|
|
|
|
|
a. Trade Payables |
1,00,000 |
2,00,000 |
1,00,000 |
100.00 |
|
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
|
|
|
|
|
|
II. Assets |
|
|
|
|
|
1. Non-Current
Assets |
|
|
|
|
|
a. Fixed Assets (Tangible) |
4,00,000 |
8,00,000 |
4,00,000 |
100.00 |
|
b. Intangible Assets |
2,00,000 |
2,00,000 |
- |
- |
|
c. Non-Current Investments |
2,00,000 |
2,00,000 |
- |
- |
|
2. Current
Assets |
|
|
|
|
|
a. Inventories |
1,50,000 |
2,50,000 |
1,00,000 |
66.67 |
|
b.
Cash and Cash Equivalents |
50,000 |
50,000 |
|
|
|
|
2,00,000 |
3,00,000 |
1,00,000 |
50.00 |
|
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
|
|
|
|
|
Question
6:
Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2022:
|
Particulars |
Note No. |
31st March, ( `) |
31st
March, ( `) |
|
I. EQUITY AND LIABILITIES |
|
|
|
|
1. Shareholders' Funds |
|
|
|
|
(a)
Share Capital: |
|
|
|
|
(i)
Equity Share Capital |
|
4,00,000 |
4,00,000 |
|
(ii)
Preference Share Capital |
|
1,00,000 |
1,00,000 |
|
(b)
Reserves and Surplus |
|
1,20,000 |
1,10,000 |
|
2. Non-Current Liabilities |
|
|
|
|
(a)
Long-term Borrowings |
1. |
4,50,000 |
4,50,000 |
|
(b)
Long-term Provisions |
|
50,000 |
1,00,000 |
|
3. Current Liabilities |
|
|
|
|
(a)
Trade Payables (Creditors) |
|
5,30,000 |
3,30,000 |
|
(b)
Short-term Provisions |
|
50,000 |
50,000 |
|
Total |
|
17,00,000 |
15,40,000 |
|
II. ASSETS |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
(a)
Fixed Assets (Tangible) |
|
9,90,000 |
10,40,000 |
|
(b)
Non-Current Investments |
|
1,00,000 |
1,00,000 |
|
2. Current Assets |
|
|
|
|
(a)
Trade Receivables |
|
5,00,000 |
3,00,000 |
|
(b)
Cash and Cash Equivalents |
2 |
1,10,000 |
1,00,000 |
|
Total |
|
17,00,000 |
15,40,000 |
|
|
|
|
|
Notes to Accounts
|
Particulars |
31st March, ( `) |
31st March, ( `) |
|
I. Long-term Borrowings |
|
|
|
Bank
Loan |
3,50,000 |
4,50,000 |
|
8%
Debentures |
1,00,000 |
... |
|
|
4,50,000 |
4,50,000 |
|
2. Cash and Cash Equivalents |
|
|
|
Bank
Balance |
1,00,000 |
90,000 |
|
Cash
in Hand |
10,000 |
10,000 |
|
|
1,10,000 |
1,00,000 |
|
|
|
|
You are required to comment upon the changes in absolute figures from one
period to another.
Answer:
|
In the books of Wye Ltd. Comparative Balance Sheet as at March
31, 2021 and 2022 |
||||
|
Particulars |
2021 ( `) |
2022 ( `) |
Absolute Change ( `) |
Comments |
|
I. Equity and Liabilities |
|
|
|
|
|
1. Shareholders’
Funds |
|
|
|
|
|
a. Equity Share Capital |
4,00,000 |
4,00,000 |
- |
No Change |
|
b.
Preference Share Capital |
1,00,000 |
1,00,000 |
- |
No Change |
|
ii. Reserve and
Surplus |
1,10,000 |
1,20,000 |
10,000 |
Increase |
|
Shareholders’
Fund |
6,10,000 |
6,20,000 |
10,000 |
|
|
2. Non-Current Liabilities |
|
|
|
|
|
a. Long-term
Borrowings |
|
|
|
|
|
Bank Loan |
4,50,000 |
3,50,000 |
1,00,000 |
Decrease |
|
8% Debentures |
- |
1,00,000 |
1,00,000 |
Increase |
|
b. Long-Term Provision |
1,00,000 |
50,000 |
50,000 |
Decrease |
|
3. Current
Liabilities |
|
|
|
|
|
a. Trade Payables |
3,30,000 |
5,30,000 |
2,00,000 |
Increase |
|
b. Short-Term Provisions |
50,000 |
50,000 |
- |
No Change |
|
Total |
15,40,000 |
17,00,000 |
1,60,000 |
|
|
|
|
|
|
|
|
II. Assets |
|
|
|
|
|
1. Non-Current
Assets |
|
|
|
|
|
a. Fixed Assets
(Tangible) |
10,40,000 |
9,90,000 |
50,000 |
Decrease |
|
b. Non-Current Investments |
1,00,000 |
1,00,000 |
- |
No Change |
|
2. Current
Assets |
|
|
|
|
|
b. Trade
Receivables |
3,00,000 |
5,00,000 |
2,00,000 |
Increase |
|
c. Cash and Cash Equivalents |
1,00,000 |
1,10,000 |
10,000 |
Increase |
|
Total |
15,40,000 |
17,00,000 |
1,60,000 |
|
|
|
|
|
|
|
Question 7:
From the following
Balance Sheet of H.P. Ltd. as at 31st March, 2022, prepare Comparative Balance
Sheet:
|
Particulars |
Note No. |
31st March, 2022 ( `) |
31st March, 2021 ( `) |
|
I. EQUITY AND LIABILITIES |
|
|
|
|
1. Shareholders' Funds |
|
|
|
|
(a) Share Capital: |
|
|
|
|
(i) Equity Share Capital |
|
12,50,000 |
5,00,000 |
|
(ii) Preference Share Capital |
|
2,50,000 |
2,50,000 |
|
(b) Reserves and Surplus |
|
3,00,000 |
4,50,000 |
|
2. Non-Current Liabilities |
|
|
|
|
Long-term Borrowings: 12% Debentures |
|
9,50,000 |
5,50,000 |
|
Loan from Directors |
|
2,50,000 |
2,00,000 |
|
3. Current Liabilities |
|
|
|
|
(a)Short-term Borrowings |
|
3,50,000 |
1,75,000 |
|
(b) Trade Payables |
|
2,00,000 |
1,00,000 |
|
(c) Short-term Provisions |
|
50,000 |
25,000 |
|
Total |
|
36,00,000 |
22,50,000 |
|
II. ASSETS |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
(a) Fixed Assets (Tangible) |
|
22,50,000 |
15,00,000 |
|
2. Current Assets |
|
|
|
|
(a) Inventories |
|
4,50,000 |
2,50,000 |
|
(b) Trade Receivables |
|
8,00,000 |
4,50,000 |
|
(c) Cash and Cash Equivalents |
|
1,00,000 |
50,000 |
|
Total |
|
36,00,000 |
22,50,000 |
|
|
|
|
|
Answer:
|
Comparative Balance Sheet of H.P. Ltd. as at March 31, 2021 and March 31, 2022 |
||||
|
Particulars |
2021 |
2022 |
Absolute |
Percentage |
|
I. Equity and Liabilities |
|
|
|
|
|
1. Shareholders’ Funds |
|
|
|
|
|
a. Share Capital |
|
|
|
|
|
1. Equity Share Capital |
12,50,000 |
5,00,000 |
7,50,000 |
150.00 |
|
2. Preference Share Capital |
2,50,000 |
2,50,000 |
– |
– |
|
Total |
15,00,000 |
7,50,000 |
7,50,000 |
100.00 |
|
b. Reserve and Surplus |
3,00,000 |
4,50,000 |
(1,50,000) |
(33.33) |
|
|
18,00,000 |
12,00,000 |
6,00,000 |
50.00 |
|
2. Non-Current Liabilities |
|
|
|
|
|
a. Long-term Borrowings |
|
|
|
|
|
12% Secured Debentures |
9,50,000 |
5,50,000 |
4,00,000 |
72.73 |
|
12% Unsecured Debentures |
2,50,000 |
2,00,000 |
50,000 |
25.00 |
|
|
12,00,000 |
7,50,000 |
4,50,000 |
60.00 |
|
3. Current Liabilities |
|
|
|
|
|
a. Short-Term Borrowings |
3,50,000 |
1,75,000 |
1,75,000 |
100.0 |
|
b. Trade Payables |
2,00,000 |
1,00,000 |
1,00,000 |
100.00 |
|
c. Short-Term Provisions |
50,000 |
25,000 |
25,000 |
100.00 |
|
Total |
36,00,000 |
22,50,000 |
13,50,000 |
60.00 |
|
II. Assets |
|
|
|
|
|
1. Non-Current Assets |
|
|
|
|
|
a. Fixed Assets (Tangible) |
22,50,000 |
15,00,000 |
7,50,000 |
50.00 |
|
2. Current Assets |
|
|
|
|
|
a. Inventories |
4,50,000 |
2,50,000 |
2,00,000 |
80.00 |
|
b. Trade Receivables |
8,00,000 |
4,50,000 |
3,50,000 |
77.78 |
|
c. Cash and Cash Equivalents |
1,00,000 |
50,000 |
50,000 |
100.00 |
|
Total |
36,00,000 |
22,50,000 |
13,50,000 |
60.00 |
|
|
|
|
|
|
Question 8:
Prepare Comparative Statement of Profit and Loss from the following information:
|
Particulars |
31st March, 2021 (`) |
31st March, 2020 (`) |
|
Revenue from Operations |
30,00,000 |
20,00,000 |
|
Other Income |
3,60,000 |
4,00,000 |
|
Expenses |
21,00,000 |
12,00,000 |
Answer:
|
Comparative Statement of Profit and Loss 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) |
|
|
Revenue from Operations |
|
30,00,000 |
20,00,000 |
10,00,000 |
50.00 |
|
Other Income |
|
3,60,000 |
4,00,000 |
(40,000) |
(10.00) |
|
Total
Revenue (I+II) |
|
33,60,000 |
24,00,000 |
9,60,000 |
40.00 |
|
Expenses |
|
21,00,000 |
12,00,000 |
9,00,000 |
75.00 |
|
Profit
before Tax |
|
12,60,000 |
12,00,000 |
60,000 |
5.00 |
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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12th TS Grewal’s Accountancy Solutions