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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..........

Particulars Note No.31.03.201731.03.2016I. EQUITY AND LIABILITIES:Rs.    Rs.        1. Shareholders' Fund:        (a) Share Capital3,3002,800        (b) Reserves and Surplus1,4001,000    2. Non-Current Liabilities        Long term Borrowings510600    3. Current Liabilities        (a) Short term Borrowings860600        (b) Trade Payables430250II. ASSETS:    1. Non-Current Assets3,6302,130    2. Current Assets        (a) Inventory1,1001,500        (b) Trade Receivables1,4001,280        (c) Cash and Cash Equivalents370340

Prepare Comparative Statement of Hind Ltd.


Solution

                                                   Hind Ltd.

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

ParticularsNote No.31.03.201631.03.2017AbsolutePercentageChangeChange(Increase or(Increase orDecrease)Decrease)A    B    (B - A = C)C/A×100=DI. EQUITY AND LIABILITIESRs.    Rs.    Rs.    %        (1) Shareholder's Funds        (a) Share Capital2,8003,30050017.86        (b) Reserves and Surplus1,0001,40040040.00    (2) Non Current Liabilities:        Long term Borrowings600510(90)(15.00)    (3) Current Liabilities        (a) Short term Borrowings60086026043.33        (b) Trade Payables25043018072.00          TOTAL5,2506,5001,25023.81II. ASSETS    (1) Non Current Assets2,1303,6301,50070.42    (2) Current Assets:        (a) Inventory1,5001,100(400)(26.67)        (b) Trade Receivables1,2801,4001209.38        (c) Cash and Cash Equivalents340370308.82            TOTAL5,2506,5001,25023.81


Accountancy

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