DK Goel Accountancy Class 12 Solutions Vol 2 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. 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 important.
DK Goel Solutions Class 12 – Chapter 3 – Part B
Following is the balance sheet of X Ltd. as on 31st March 2019 and 2018.
|I EQUITY AND LIABILITIES:|
|(a) Share Capital||10,00,000||5,00,000|
|(b) Reserves and Surplus||2,00,000||3,00,000|
|Long Term Borrowings||8,00,000||2,00,000|
|2. Intangible Assets||3,00,000||2,00,000|
|B. Cash and Cash Equivalents||2,00,000||1,00,000|
COMPARATIVE BALANCE SHEET OF X LTD.
As at 31st March 2018 and 2019
(< or >)
(< or >)
|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)|
|Long Term Borrowings||5,00,000||8,00,000||3,00,000||60.00|
|3. Current Liabilities:|
|1. Non-Current 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:|
|B. Cash and Cash Equivalents||1,00,000||2,00,000||1,00,000||100.00|
Also Read: Tools of Analysis of Financial Statements
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 – 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)|