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
|
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 |
|
Comparative Balance Sheet of H.P. Ltd.
as at March 31, 2018 and March 31, 2019
Particulars
2018
(₹)
2019
(₹)
Absolute
Change
(₹)
Percentage
Change
(%)
I. Equity and Liabilities
1. Shareholders’ Funds
a. Share Capital
1. Equity Share Capital
12,50,000
5,00,000
7,50,000
150.00
2. Preference Share Capital
2,50,000
2,50,000
–
–
Total
15,00,000
7,50,000
7,50,000
100.00
b. Reserve and Surplus
3,00,000
4,50,000
(1,50,000)
(33.33)
18,00,000
12,00,000
6,00,000
50.00
2. Non-Current Liabilities
a. Long-term Borrowings
12% Secured Debentures
9,50,000
5,50,000
4,00,000
72.73
12% Unsecured Debentures
2,50,000
2,00,000
50,000
25.00
12,00,000
7,50,000
4,50,000
60.00
3. Current Liabilities
a. Short-Term Borrowings
3,50,000
1,75,000
1,75,000
100.0
b. Trade Payables
2,00,000
1,00,000
1,00,000
100.00
c. Short-Term Provisions
50,000
25,000
25,000
100.00
Total
36,00,000
22,50,000
13,50,000
60.00
II. Assets
1. Non-Current Assets
a. Fixed Assets (Tangible)
22,50,000
15,00,000
7,50,000
50.00
2. Current Assets
a. Inventories
4,50,000
2,50,000
2,00,000
80.00
b. Trade Receivables
8,00,000
4,50,000
3,50,000
77.78
c. Cash and Cash Equivalents
1,00,000
50,000
50,000
100.00
Total
36,00,000
22,50,000
13,50,000
60.00
|
Comparative Balance Sheet of H.P. Ltd. as at March 31, 2018 and March 31, 2019 |
||||
|
Particulars |
2018 |
2019 |
Absolute |
Percentage |
|
I. Equity and Liabilities |
||||
|
1. Shareholders’ Funds |
||||
|
a. Share Capital |
||||
|
1. Equity Share Capital |
12,50,000 |
5,00,000 |
7,50,000 |
150.00 |
|
2. Preference Share Capital |
2,50,000 |
2,50,000 |
– |
– |
|
Total |
15,00,000 |
7,50,000 |
7,50,000 |
100.00 |
|
b. Reserve and Surplus |
3,00,000 |
4,50,000 |
(1,50,000) |
(33.33) |
|
18,00,000 |
12,00,000 |
6,00,000 |
50.00 |
|
|
2. Non-Current Liabilities |
||||
|
a. Long-term Borrowings |
||||
|
12% Secured Debentures |
9,50,000 |
5,50,000 |
4,00,000 |
72.73 |
|
12% Unsecured Debentures |
2,50,000 |
2,00,000 |
50,000 |
25.00 |
|
12,00,000 |
7,50,000 |
4,50,000 |
60.00 |
|
|
3. Current Liabilities |
||||
|
a. Short-Term Borrowings |
3,50,000 |
1,75,000 |
1,75,000 |
100.0 |
|
b. Trade Payables |
2,00,000 |
1,00,000 |
1,00,000 |
100.00 |
|
c. Short-Term Provisions |
50,000 |
25,000 |
25,000 |
100.00 |
|
Total |
36,00,000 |
22,50,000 |
13,50,000 |
60.00 |
|
II. Assets |
||||
|
1. Non-Current Assets |
||||
|
a. Fixed Assets (Tangible) |
22,50,000 |
15,00,000 |
7,50,000 |
50.00 |
|
2. Current Assets |
||||
|
a. Inventories |
4,50,000 |
2,50,000 |
2,00,000 |
80.00 |
|
b. Trade Receivables |
8,00,000 |
4,50,000 |
3,50,000 |
77.78 |
|
c. Cash and Cash Equivalents |
1,00,000 |
50,000 |
50,000 |
100.00 |
|
Total |
36,00,000 |
22,50,000 |
13,50,000 |
60.00 |
|
|
|
|
|
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