DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis: Comparative Statements is outlined by expert Accountancy teachers from the latest version of DK Goel Accountancy Class 12 textbook solutions.
We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. Learning more concepts in Accountancy is necessary, however, the concepts of Admission of a partner, Accounting Ratios and Cash Flow Statement (As per AS – 3 Revised) is important.
DK Goel Solutions Class 12 – Chapter 3 – Part B
Question 1
Following is the balance sheet of X Ltd. as on 31st March 2019 and 2018.
| Particulars | Note No. | 31.03.2019 | 31.03.2018 |
| ₹ | ₹ | ||
| I EQUITY AND LIABILITIES: | |||
| Shareholder’s Funds: | |||
| (a) Share Capital | 10,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 2,00,000 | 3,00,000 | |
| Non-Current Liabilities | |||
| Long Term Borrowings | 8,00,000 | 2,00,000 | |
| Current Liabilities | |||
| Trade Payables | 4,00,000 | 2,00,000 | |
| TOTAL | 24,00,000 | 15,00,000 | |
| II.ASSETS: | |||
| Non-Current Assets | |||
| Fixed Assets: | |||
| 1.Tangible Assets | 14,00,000 | 8,00,000 | |
| 2. Intangible Assets | 3,00,000 | 2,00,000 | |
| Current Assets | |||
| A. Inventories | 5,00,000 | 4,00,000 | |
| B. Cash and Cash Equivalents | 2,00,000 | 1,00,000 | |
| TOTAL | 24,00,000 | 15,00,000 |
Solution:
COMPARATIVE BALANCE SHEET OF X LTD.
As at 31st March 2018 and 2019
| Particulars | Note No. | 31.03.
2018 |
31.03.
2019 |
Absolute Change
(< or >) |
Percentage Change
(< or >) |
| 1 | 2 | 3 | 4 | 5 | |
| A | B | (B-A=C) | C/A X 100 = D | ||
| I. EQUITY AND LIABILITIES: | ₹ | ₹ | ₹ | ₹ | |
| 1. Shareholder’s Funds: | |||||
| a. Share capital | 5,00,000 | 10,00,000 | 5,00,000 | 100.00 (1) | |
| b. Reserves and Surplus | 3,00,000 | 2,00,000 | (1,00,000)* | (33.33) (2) | |
| 2.Non-Current Liabilities: | |||||
| Long Term Borrowings | 5,00,000 | 8,00,000 | 3,00,000 | 60.00 | |
| 3. Current Liabilities: | |||||
| Trade Payables | 2,00,000 | 4,00,000 | 3,00,000 | 100.00 | |
| TOTAL | 15,00,000 | 24,00,000 | 9,00,000 | 60.00 | |
| II. ASSETS: | |||||
| 1. Non-Current Assets: | |||||
| Fixed Assets: | |||||
| 01. Tangible Assets | 8,00,000 | 14,00,000 | 6,00,000 | 75.00 | |
| 02. Intangible Assets | 2,00,000 | 3,00,000 | 1,00,000 | 50.00 | |
| 2. Current Assets: | |||||
| A.Inventories | 4,00,000 | 5,00,000 | 1,00,000 | 25.00 | |
| B. Cash and Cash Equivalents | 1,00,000 | 2,00,000 | 1,00,000 | 100.00 | |
| TOTAL | 15,00,000 | 24,00,000 | 9,00,000 | 60.00 |
Also Read:Â Tools of Analysis of Financial Statements
Question 2
What is a Comparative Statement of P&L?
Answer: A Comparative Statement of P&L depicts the figures of revenue from operations, expenses, incomes and net profit or loss for a number of years so that the changes in absolute data in terms of money as well as in terms of percentages may be known.
Stay tuned to BYJU’S for more DK Goel solutions, question papers, sample papers, syllabus and Commerce notifications.
| DK Goel Accountancy Solutions Class 12 – Part B (Chapter wise) | ||
| Chapter 1 Financial Statements of Companies (As per Schedule III) | Chapter 2 Financial Statements Analysis | |
| Chapter 4 Common Size Statements | Chapter 5 Accounting Ratios | |
| Chapter 6 Cash Flow Statement (As per AS – 3 Revised) | ||
| Important Topics in Accountancy: |
Comments