Balance Sheet of Blue Bell Ltd- as at 31st March- 2019 is given below-BALANCE SHEET as at 31 st March- at 2019 -ch-2Prepare Comparative Balance Sheet showing percentage changes from 2018 to 2019 -

In the books of Blue Bell Ltd. Comparative Balance Sheet as at March 31, 2018 nbsp;and 2019 Particulars 2018 ...

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Standard XII

Accountancy

Reassessment of Liabilities

Balance Sheet...

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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Q. From the following Balance Sheet of H.P. Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital:
(i) Equity Share Capital		12,50,000	5,00,000
(ii) Preference Share Capital		2,50,000	2,50,000
(b) Reserves and Surplus		3,00,000	4,50,000
2. Non-Current Liabilities
Long-term Borrowings: 12% Debentures		9,50,000	5,50,000
Loan from Directors		2,50,000	2,00,000
3. Current Liabilities
(a)Short-term Borrowings		3,50,000	1,75,000
(b) Trade Payables		2,00,000	1,00,000
(c) Short-term Provisions		50,000	25,000
Total		36,00,000	22,50,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets (Tangible)		22,50,000	15,00,000
2. Current Assets
(a) Inventories		4,50,000	2,50,000
(b) Trade Receivables		8,00,000	4,50,000
(c) Cash and Cash Equivalents		1,00,000	50,000
Total		36,00,000	22,50,000

Q. From the following Balance Sheet of Depth Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital		2,80,000	1,80,000
(b) Reserves and Surplus		1,00,000	1,00,000
2. Non-Current Liabilities
Long-term Borrowings		80,000	20,000
3. Current Liabilities
Trade Payables		50,000	30,000
Total		5,10,000	3,30,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets		2,80,000	1,80,000
(ii) Intangible Assets		50,000	30,000
(b) Non-Current Investments		80,000	50,000
2. Current Assets
(a) Inventories		70,000	30,000
(b) Cash and Cash Equivalents		30,000	40,000
Total		5,10,000	3,30,000

Q. From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES 1. Shareholder's Funds
(a) Share Capital
Equity Share Capital		10,00,000	5,00,000
(b) Reserves and Surplus		1,00,000	1,00,000

2. Non-Current Liabilities
Long-term Borrowings		2,00,000	3,00,000

3. Current Liabilities
Trade Payables		2,00,000	1,00,000

Total		15,00,000	10,00,000

II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets		8,00,000	4,00,000
(ii) Intangible Assets		2,00,000	2,00,000
(b) Non-Current Investments		2,00,000	2,00,000

2. Current Assets
(a) Inventories		2,50,000	1,50,000
(b) Cash and Cash Equivalents		50,000	50,000
Total		15,00,000	10,00,000

Q. Following is the Balance Sheet of Fine Products Ltd. as at 31st March, 2019:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital: Equity Share Capital		3,50,000	3,00,000
(b) Reserves and Surplus	1	57,000	38,000
2. Current Liabilities
(a) Trade Payables		53,000	35,000
(b) Other Current Liabilities		6,000	8,000
(c) Short-term Provisions	2	32,000	28,000
Total		4,98,000	4,09,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets	3	2,48,000	2,00,000
(ii) Intangible Assets (Goodwill)		40,000	50,000
(b) Non-Current Investments		35,000	10,000
2. Current Assets
(a) Inventories		39,000	57,000
(b) Trade Receivables		1,08,000	75,000
(c) Cash and Bank Balance		28,000	17,000
Total		4,98,000	4,09,000

Notes to Accounts

Particulars	31st March, 2019 (₹)	31st March, 2018 (₹)
1. Reserves and Surplus
General Reserve	30,000	20,000
Surplus, i.e., Balance in Statement of Profit and Loss	27,000	18,000
	57,000	38,000
2. Short-term Provisions
Provision for Tax	32,000	28,000
3. Tangible Fixed Assets
Land and Building	57,000	1,10,000
Plant and Machinery	1,91,000	90,000
	2,48,000	2,00,000

Note: Proposed dividends on equity for the years ended 31st March, 2018 and 2019 are ₹ 39,000 and ₹ 45,000 respectively.

You are required to prepare Cash Flow Statement for the year ended 31st March, 2019.

Q. Prepare Balance Sheet of HP Ltd. as at 31st March, 2019 from the following information:

	₹		₹
Equity Share Capital	20,00,000	Surplus, i.e., Balance in Statement of Profit and Loss (Cr.)	3,00,000
12% Preference Share Capital	10,00,000	Stock	6,00,000
Fixed Assets (At cost)	46,60,000	Sundry Debtors	8,00,000
Accumulated Depreciation	16,60,000	Cash	1,50,000
Investments	4,00,000	Loans and Advances	50,000
Current Liabilities	8,00,000	Provision for Taxation	2,00,000
12% Debentures	6,00,000	Workmen Compensation Reserve	1,00,000

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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

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