Question

RR Ltd. decided to set up a manufacturing unit in the rural area of Jharkhand where people have few job opportunities. Prepare a comparative Balance Sheet of RR Ltd.

$\begin{array}{ccc}\text{Particulars}& \text{31st March, 2016}& \text{31st March,2017}\\ \text{Share Capital}& 2,00,000& 3,00,000\\ \text{Reserve and Surplus}& 50,000& 40,000\\ \text{Long Term Borrowings}& 4,20,000& 3,00,000\\ \text{Trade Payables}& 1,35,000& 1,50,000\\ \text{Tangible Assets}& 3,00,000& 2,00,000\\ \text{Inventory}& 3,00,000& 4,00,000\\ \text{Cash and Cash Equivalents}& 2,05,000& 1,90,000\end{array}$

Answer 1

BALANCE SHEET OF RR LTD
$\begin{array}{cccccc}\text{Particulars}& \text{Note}& \text{31-03-2016}& \text{31-03-2016}& \text{Absolute}& \%\\ & \text{No.}& \text{(Rs)}& \text{(Rs)}& \text{Change}& \text{Change}\\ & & A& B& C=B-A& D=C/A\times \\ & & & & & 100\\ I.\text{Equity and Liabilities}& & & & & \\ \left(1\right)\text{Shareholer's Funds}& & & & & \\ \left(a\right)\text{Share Capital}& & 2,00,000& 3,00,000& 1,00,000& 50,000\\ \left(b\right)\text{Reserve and Surplus}& & 50,000& 40,000& (10,000)& (20,000)\\ \left(2\right)\text{Non-current Liabilities}& & & & & \\ \left(a\right)\text{Long-term Borrowings}& & 4,20,000& 3,00,000& (1,20,000)& \left(28.57\right)\\ \left(3\right)\text{Current Laiabilities}& & & & & \\ \left(a\right)\text{Trade Payables}& & 1,35,000& 1,50,000& 15,000& 11.11\\ \text{Total}& & 8,05,000& 7,90,000& (15,000)& \left(1.86\right)\\ II.\text{Assets}& & & & & \\ \left(1\right)\text{Non-current Assets}& & & & & \\ \left(a\right)\text{Tangible Assets}& & 3,00,000& 2,00,000& (1,00,000)& (33,33)\\ \left(2\right)\text{Current Assets}& & & & & \\ \left(a\right)\text{Inventory}& & 3,00,000& 4,00,000& 1,00,000& 33.33\\ \left(b\right)\text{Cash \& Cash equivalents}& & 2.05,000& 1,90,000& 15,000& 7,32\\ \text{Total}& & 8,05,000& 7,90,000& (15,000)& \left(1.86\right)\end{array}$