Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2019:

Particulars ulars

Note No.

31st March,
2019

(₹)

31st March,
2018

(₹)

I. EQUITY AND LIABILITIES

1. Shareholders' Funds

(a) Share Capital:

(i) Equity Share Capital

4,00,000
4,00,000

(ii) Preference Share Capital
1,00,000 1,00,000

(b) Reserves and Surplus
1,20,000 1,10,000

2. Non-Current Liabilities

(a) Long-term Borrowings
1. 4,50,000 4,50,000

(b) Long-term Provisions
50,000 1,00,000

3. Current Liabilities

(a) Trade Payables (Creditors)
5,30,000 3,30,000

(b) Short-term Provisions

50,000
50,000

Total Total Expenses

17,00,000
15,40,000

II. ASSETS

1. Non-Current Assets

(a) Fixed Assets (Tangible)
9,90,000 10,40,000

(b) Non-Current Investments
1,00,000 1,00,000

2. Current Assets

(a) Trade Receivables
5,00,000 3,00,000

(b) Cash and Cash Equivalents
2
1,10,000
1,00,000

Total

17,00,000
15,40,000

Notes to Accounts

Particulars

31st March,
2019

(₹)

31st March,
2018

(₹)

I. Long-term Borrowings

Bank Loan

3,50,000
4,50,000

8% Debentures

1,00,000
...

4,50,000
4,50,000

2. Cash and Cash Equivalents

Bank Balance

1,00,000
90,000

Cash in Hand

10,000
10,000

1,10,000
1,00,000

You are required to comment upon the changes in absolute figures from one period to another.

Open in App

Solution

In the books of Wye Ltd.

Comparative Balance Sheet

as at March 31, 2018 and 2019

Particulars

2018

(₹)

2019

(₹)

Absolute

Change

(₹)

Comments

I. Equity and Liabilities

1. Shareholders’ Funds

a. Equity Share Capital

4,00,000

4,00,000

-

No Change

b. Preference Share Capital 1,00,000 1,00,000 - No Change

ii. Reserve and Surplus

1,10,000

1,20,000

10,000

Increase

Shareholders’ Fund

6,10,000

6,20,000

10,000

2. Non-Current Liabilities

a. Long-term Borrowings

Bank Loan

4,50,000

3,50,000

1,00,000

Decrease

8% Debentures

-

1,00,000

1,00,000

Increase

b. Long-Term Provision 1,00,000 50,000 50,000 Decrease

3. Current Liabilities

a. Trade Payables 3,30,000 5,30,000 2,00,000 Increase

b. Short-Term Provisions

50,000

50,000

-

No Change

Total

15,40,000

17,00,000

1,60,000

II. Assets

1. Non-Current Assets

a. Fixed Assets (Tangible)

10,40,000

9,90,000

50,000

Decrease

b. Non-Current Investments 1,00,000 1,00,000 - No Change

2. Current Assets

b. Trade Receivables

3,00,000

5,00,000

2,00,000

Increase

c. Cash and Cash Equivalents

1,00,000

1,10,000

10,000

Increase

Total

15,40,000

17,00,000

1,60,000

Suggest Corrections

Similar questions

Q. Following is the summarised Balance Sheet of Philips India Ltd. as at 31st March 2018:

Particulars ulars	Note No.	31st March, 2018 (₹)	31st March, 2017 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital		13,50,000	13,50,000
(b) Reserves and Surplus	1	11,34,000	10,68,000
2. Non-Current Liabilities
Long-term Borrowings: 10% Mortgage Loan		8,10,000	...
3. Current Liabilities
(a) Trade Payables (Creditors)		4,20,000	5,04,000
(b) Short-term Provisions:
Provision for Tax		30,000	2,25,000
Total Total Expenses		37,26,000	31,47,000
II. ASSETS
1, Non-Current Assets
(a) Fixed Assets (Tangible)		9,60,000	12,00,000
(b) Non-Current Investments		1,80,000	1,50,000
2. Current Assets
(a) Current Investments		21,000	17,000
(b) Inventories		63,30,000	7,82,000
(c) Trade Receivables		13,65,000	6,30,000
(c) Cash and Cash Equivalents		5,70,00	4,30,000
Total		37,26,000	31,47,000

Notes to Accounts

Particulars	31st March, 2018 (₹)	31st March, 2017 (₹)
I. Reserves and Surplus
General Reserve	9,30,000	9,00,000
Surplus, i.e., Balance in Statement of Profit and Loss	2,04,000	1,68,000
	11,34,000	10,68,000

Additional Information:
1. Investments costing ₹ 24,000 were sold during the year for ₹ 25,5000.
2. Provistion for Tax made during the year was ₹ 27,000.
3. During the year, a part of the Fixed Assets costing ₹ 30,000 was sold for ₹ 36,000. The rofits were included in the Statement of Profit and Loss.
4. The Interim Dividend paid during the year amounted to ₹ 1,20,000.
You are required to prepare Cash Flow Statement.

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

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 Kumar Ltd. as at 31st March, 2019, prepare Cash Flow Statement:

Particulars ulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital	1	16,00,000	10,40,000
(b) Reserves and Surplus,	2	5,50,000	2,60,000
2. Non-Current Liabilities
Long-term Borrowings:
9% Debentures		4,00,000	6,00,000
3. Current Liabilities
Trade Payables		4,50,000	1,00,000
Total Total Expenses		30,00,000	20,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets		20,00,000	15,00,000
2. Current Assets
(a) Inventories		3,00,000	2,00,000
(b) Trade Receivables		2,00,000	1,00,000
(c) Cash and Cash Equivalents		5,00,000	2,00,000
Total		30,00,000	20,00,000

Notes to Accounts

Particulars	31st March, 2019 (₹)	31st March, 2018 (₹)
1. Share Capital
Equity Share Capital	15,00,000	10,00,000
7% Preference Share Capital	1,00,000	40,000
	16,00,000	10,40,000
2. Reserves and Surplus
General Reserve	4,00,000	60,000
Surplus, i.e., Balance in Statement of Profit and Loss	1,50,000	2,00,000
	5,50,000	2,60,000

Additional Information:
1. During a year, a machinery costing ₹ 20,000 was sold for ₹ 6,000.
2. Dividend paid during the year ₹ 50,000.

Join BYJU'S Learning Program

Particulars ulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital:
(i) Equity Share Capital		4,00,000	4,00,000
(ii) Preference Share Capital		1,00,000	1,00,000
(b) Reserves and Surplus		1,20,000	1,10,000
2. Non-Current Liabilities
(a) Long-term Borrowings	1.	4,50,000	4,50,000
(b) Long-term Provisions		50,000	1,00,000
3. Current Liabilities
(a) Trade Payables (Creditors)		5,30,000	3,30,000
(b) Short-term Provisions		50,000	50,000
Total Total Expenses		17,00,000	15,40,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets (Tangible)		9,90,000	10,40,000
(b) Non-Current Investments		1,00,000	1,00,000
2. Current Assets
(a) Trade Receivables		5,00,000	3,00,000
(b) Cash and Cash Equivalents	2	1,10,000	1,00,000
Total		17,00,000	15,40,000

In the books of Wye Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019
Particulars	2018 (₹)	2019 (₹)	Absolute Change (₹)	Comments
I. Equity and Liabilities
1. Shareholders’ Funds
a. Equity Share Capital	4,00,000	4,00,000	-	No Change
b. Preference Share Capital	1,00,000	1,00,000	-	No Change
ii. Reserve and Surplus	1,10,000	1,20,000	10,000	Increase
Shareholders’ Fund	6,10,000	6,20,000	10,000
2. Non-Current Liabilities
a. Long-term Borrowings
Bank Loan	4,50,000	3,50,000	1,00,000	Decrease
8% Debentures	-	1,00,000	1,00,000	Increase
b. Long-Term Provision	1,00,000	50,000	50,000	Decrease
3. Current Liabilities
a. Trade Payables	3,30,000	5,30,000	2,00,000	Increase
b. Short-Term Provisions	50,000	50,000	-	No Change
Total	15,40,000	17,00,000	1,60,000

II. Assets
1. Non-Current Assets
a. Fixed Assets (Tangible)	10,40,000	9,90,000	50,000	Decrease
b. Non-Current Investments	1,00,000	1,00,000	-	No Change
2. Current Assets
b. Trade Receivables	3,00,000	5,00,000	2,00,000	Increase
c. Cash and Cash Equivalents	1,00,000	1,10,000	10,000	Increase
Total	15,40,000	17,00,000	1,60,000