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
|
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 |
|
In the books of Royal Industries 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
5,00,000
10,00,000
5,00,000
100.00
b. Reserve and Surplus
1,00,000
1,00,000
–
–
Shareholders’ Fund
6,00,000
11,00,000
5,00,000
83.33
2. Non-Current Liabilities
a. Long-term Borrowings
3,00,000
2,00,000
(1,00,000)
(33.33)
3. Current Liabilities
a. Trade Payables
1,00,000
2,00,000
1,00,000
100.00
Total
10,00,000
15,00,000
5,00,000
50.00
II. Assets
1. Non-Current Assets
a. Fixed Assets (Tangible)
4,00,000
8,00,000
4,00,000
100.00
b. Intangible Assets
2,00,000
2,00,000
-
-
c. Non-Current Investments
2,00,000
2,00,000
-
-
2. Current Assets
a. Inventories
1,50,000
2,50,000
1,00,000
66.67
b. Cash and Cash Equivalents
50,000
50,000
2,00,000
3,00,000
1,00,000
50.00
Total
10,00,000
15,00,000
5,00,000
50.00
|
In the books of Royal Industries 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 |
5,00,000 |
10,00,000 |
5,00,000 |
100.00 |
|
b. Reserve and Surplus |
1,00,000 |
1,00,000 |
– |
– |
|
Shareholders’ Fund |
6,00,000 |
11,00,000 |
5,00,000 |
83.33 |
|
2. Non-Current Liabilities |
|
|
|
|
|
a. Long-term Borrowings |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
|
3. Current Liabilities |
|
|
|
|
|
a. Trade Payables |
1,00,000 |
2,00,000 |
1,00,000 |
100.00 |
|
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
II. Assets |
|
|
|
|
|
1. Non-Current Assets |
|
|
|
|
|
a. Fixed Assets (Tangible) |
4,00,000 |
8,00,000 |
4,00,000 |
100.00 |
| b. Intangible Assets | 2,00,000 | 2,00,000 | - | - |
| c. Non-Current Investments | 2,00,000 | 2,00,000 | - | - |
|
2. Current Assets |
|
|
|
|
|
a. Inventories |
1,50,000 |
2,50,000 |
1,00,000 |
66.67 |
|
b. Cash and Cash Equivalents
|
50,000 | 50,000 | ||
|
|
2,00,000
|
3,00,000
|
1,00,000
|
50.00
|
|
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
|
|
|
|
|
