Question

Hind Ltd. is engaged in the business of manufacturing sports goods. It decided to set up one of its manufacturing unit in the backward area of Uttarakhand and decided to employ local youth from the state at suitable positions in the new unit after imparting training to them. Following are the Balance Sheets of Hind Ltd. for two consecutive years :

Hind Ltd.

BALANCE SHEET

as at 31st March..........

$\begin{array}{cccc}\text{Particulars}& \text{Note No.}& \mathrm{31.03.2017}& \mathrm{31.03.2016}\\ \text{I. EQUITY AND LIABILITIES:}& & \text{Rs.}& \text{Rs.}\\ \text{1. Shareholders' Fund:}& & & \\ \text{(a) Share Capital}& & 3,300& 2,800\\ \text{(b) Reserves and Surplus}& & 1,400& 1,000\\ \text{2. Non-Current Liabilities}& & & \\ \text{Long term Borrowings}& & 510& 600\\ \text{3. Current Liabilities}& & & \\ \text{(a) Short term Borrowings}& & 860& 600\\ \text{(b) Trade Payables}& & 430& 250\\ \text{II. ASSETS}:& & & \\ \text{1. Non-Current Assets}& & 3,630& 2,130\\ \text{2. Current Assets}& & & \\ \text{(a) Inventory}& & 1,100& 1,500\\ \text{(b) Trade Receivables}& & 1,400& 1,280\\ \text{(c) Cash and Cash Equivalents}& & 370& 340\end{array}$

Prepare Comparative Statement of Hind Ltd.

Answer 1

Hind Ltd.

COMPARATIVE BALANCE SHEET as at 31st March, 2016 and 2017

$\begin{array}{cccccc}\text{Particulars}& \text{Note No.}& \mathrm{31.03.2016}& \mathrm{31.03.2017}& \text{Absolute}& \text{Percentage}\\ & & & & \text{Change}& \text{Change}\\ & & & & (\text{Increase or}& (\text{Increase or}\\ & & & & \text{Decrease})& \text{Decrease})\\ & & \text{A}& \text{B}& \text{(B - A = C)}& \text{C/A}\times 100=\text{D}\\ \text{I. EQUITY AND LIABILITIES}& & \text{Rs.}& \text{Rs.}& \text{Rs.}& \%\\ \text{(1) Shareholder's Funds}& & & & & \\ \text{(a) Share Capital}& & 2,800& 3,300& 500& 17.86\\ \text{(b) Reserves and Surplus}& & 1,000& 1,400& 400& 40.00\\ \text{(2) Non Current Liabilities:}& & & & & \\ \text{Long term Borrowings}& & 600& 510& \left(90\right)& \left(15.00\right)\\ \text{(3) Current Liabilities}& & & & & \\ \text{(a) Short term Borrowings}& & 600& 860& 260& 43.33\\ \text{(b) Trade Payables}& & 250& 430& 180& 72.00\\ \text{TOTAL}& & 5,250& 6,500& 1,250& 23.81\\ \text{II. ASSETS}& & & & & \\ \text{(1) Non Current Assets}& & 2,130& 3,630& 1,500& 70.42\\ \text{(2) Current Assets:}& & & & & \\ \text{(a) Inventory}& & 1,500& 1,100& \left(400\right)& \left(26.67\right)\\ \text{(b) Trade Receivables}& & 1,280& 1,400& 120& 9.38\\ \text{(c) Cash and Cash Equivalents}& & 340& 370& 30& 8.82\\ \text{TOTAL}& & 5,250& 6,500& 1,250& 23.81\end{array}$