Question

From the following information, prepare Comparative Balance Sheets of X Ltd.:

$\begin{array}{ccc}\text{Particulars}& \mathrm{31.03.2017}& \mathrm{31.03.2016}\\ & \text{Rs.}& \text{Rs.}\\ \text{Reserve and Surplus}& 12,00,000& 6,00,000\\ \text{Share Capital}& 10,00,000& 10,00,000\\ \text{Trade Payables}& 12,70,000& 9,00,000\\ \text{Land and Buildings}& 16,00,000& 15,00,000\\ \text{Plant and Machinery}& 6,30,000& \text{5,00,000}\\ \text{Goodwill}& -& 1,00,000\\ \text{Investments}& 1,20,000& 1,00,000\\ \text{Current Assets}& 15,20,000& \text{8,00,000}\\ \text{Long term Borrowings}& 4,00,000& 5,00,000\end{array}$

Answer 1

COMPARATIVE BALANCE SHEET OF X LTD.
as at 31st March, 2016 and 2017

$\begin{array}{cccccc}& & & & \text{Absolute}& \text{Percentage}\\ \text{Particulars}& \text{Note No.}& \mathrm{31.03.2016}& \mathrm{31.03.2017}& \text{Change}& \text{Change}\\ & & & & (\text{Increase}& (\text{Increase or}\\ & & & & \text{or Decrease}& \text{Decrease})\\ 1& & 2& 3& 4& 5\\ & & \text{A}& \text{B}& \left(\text{B - A = C}\right)& \text{C/A}\times 100=\text{D}\\ & & \text{Rs.}& \text{Rs.}& \text{Rs.}& \%\\ \text{I. EQUITY AND LIABILITIES:}& & & & & \\ \text{(1)Shareholder's Funds:}& & & & & \\ \text{(a) Share Capital}& & 10,00,000& 10,00,000& -& -\\ \text{(b) Reserves and Surplus}& & 6,00,000& 12,00,000& 6,00,000& 100.00\\ \text{(2)Non-Current Liabilities}& & & & & \\ \text{Long term Borrowings}& & 5,00,000& 4,00,000& (1,00,000)& (20.00{)}^{\ast }\\ \text{(3)Current Liabilities}& & & & & \\ \text{Trade Payables}& & 9,00,000& 12,70,000& 3,70,000& 41.11\\ \text{TOTAL}& & 30,00,000& 38,70,000& 8,70,000& 29.00\\ \text{II ASSETS}& & & & & \\ \text{(1)Non Current Assets}& & & & & \\ \text{(a) Fixed Assets:}& & & & & \\ \text{(i) Tangible Assets}& 1& 20,00,000& 22,30,000& 2,30,000& 11.50\\ \text{(ii) Intangible Assets}& 2& 1,00,000& -& (1,00,000)& \left(100.00\right)\\ \text{(b)Investments}& & 1,00,000& 1,20,000& 20,000& 20.00\\ \text{(2)Current Assets}& & 8,00,000& 15,20,000& 7,20,000& 90.00\\ \text{TOTAL}& & 30,00,000& 38,70,000& 8,70,000& 29.00\end{array}$

Notes: $\left(1\right)\text{Tangible Assets:}\mathrm{31.03.2016}\mathrm{31.03.2017}\text{Land and Buildings}15,00,00016,00,000\text{Plant and Machinery}\underset{–}{5,00,000}\underset{–}{6,30,000}\underset{–}{20,00,000}\underset{–}{22,30,000}\left(2\right)\text{Intangible Assets :}\text{Goodwill}1,00,000-$

* Bracket denotes negative balance