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Question

Balance Sheet of Blue Bell Ltd. as at 31st March, 2019 is given below:

BALANCE SHEET
as at 31st March, 2019

Particulars

Note No.

31st March, 2019

(₹)

31st March, 2018

(₹)

I. EQUITY AND LIABILITIES

1. Shareholder's Funds

(a) Share Capital

3,26,000

2,44,000

(b) Reserves and Surplus

1,00,000

1,00,000

2. Non-Current Liabilities

Long-term Borrowings

6,96,000

4,38,000

3. Current Liabilities

Trade Payables

2,98,000

78,000

Total

14,20,000

8,60,000

II. ASSETS

1. Non-Current Assets

(a) Fixed Assets

5,68,000 4,30,000

(b) Non-Current Investments

6,000

4,000

2. Current Assets

(a) Trade Receivables

6,46,000

3,76,000

(b) Cash and Cash Equivalents

2,00,000

50,000

Total

14,20,000

8,60,000


Prepare Comparative Balance Sheet showing percentage changes from 2018 to 2019.

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Solution

In the books of Blue Bell Ltd.
Comparative Balance Sheet
as at March 31, 2018 and 2019
Particulars
2018
(₹)
2019
(₹)
Absolute
Change
(₹)
Percentage
Change
(%)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Equity Share Capital
2,44,000
3,26,000
82,000
33.61
b. Reserves and Surplus
1,00,000 1,00,000 - -
Shareholder's Funds
3,44,000
4,26,000
82,000
23.84
2. Non-Current Liabilities
a. Long-term Borrowings
4,38,000
6,96,000
2,58,000
58.90
3. Current Liabilities
78,000
2,98,000
2,20,000
282.05
Total
8,60,000
14,20,000
5,60,000
65.12
II. Assets
1. Non-Current Assets
a. Fixed Assets (Tangible)
4,30,000
5,68,000
1,38,000
32.09
b. Non-Current Investments
4,000
6,000
2,000
50.00
4,34,000 5,74,000 1,40,000 32.26
2. Current Assets
a. Trade Receivables 3,76,000 6,46,000 2,70,000 71.81
b. Cash and Cash Equivalents 50,000 2,00,000 1,50,000 300.00
4,26,000 8,46,000 4,20,000 98.59
Total
8,60,000
14,20,000
5,60,000
65.12

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