# DK Goel Solutions Vol 2 Chapter 3 Tools for Financial Analysis: Comparative Statements

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 BYJUâ€™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 â‚¹ â‚¹ I EQUITY AND LIABILITIES: Shareholderâ€™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: â‚¹ â‚¹ â‚¹ â‚¹ 1. Shareholderâ€™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.

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 DK Goel Accountancy Solutions Class 12 â€“ 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 â€“ 3 Revised)

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