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

DK Goel Accountancy Class 12 Solutions Chapter 3 Tools for Financial Analysis: Comparative Statements which 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. Click here to learn more concepts in Accountancy, however, the concepts of Admission of a partner, Accounting Ratios and Cash Flow Statement (As per AS – 3 Revised) is required.

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

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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