The following are the balance sheets of Devi Co. Ltd at the end of 2002 and 2003. Prepare a Comparative Balance Sheet and study the financial position of the concern.
Liabilities |
2002 Rs |
2003 Rs |
Assets |
2002 Rs |
2003 Rs |
Equity Capital |
1,20,000 |
1,85,000 |
Fixed Assets |
1,40,000 |
1,95,000 |
Preference Capital |
70,000 |
95,000 |
Stock |
40,000 |
45,000 |
Reserves |
30,000 |
35,000 |
Debtors |
70,000 |
82,500 |
P&L |
17,500 |
20,000 |
Bills Receivables |
20,000 |
50,000 |
Bank overdraft |
35,000 |
45,450 |
Prepaid Expenses |
6,000 |
8,000 |
Creditors |
25,000 |
35,000 |
Cash at bank |
40,000 |
48,500 |
Provision for Taxation |
15,000 |
22,500 |
Cash in hand |
5,000 |
29,000 |
Proposed Dividend |
8,500 |
20,050 |
|
|
|
|
3,21,000 |
4,58,000 |
|
3,21,000 |
4,58,000 |
Comparative Balance Sheet of Devi Co Ltd.
|
|||||
Particulars |
2002 |
2003 |
Absolute Increase (+) or Decrease (–) |
Percentage Increase (+) or Decrease (–) |
|
|
Rs |
Rs |
Rs |
% |
|
Assets: |
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
Stock |
40,000 |
45,000 |
+ 5,000 |
+ 12.50 |
|
Debtors |
70,000 |
82,500 |
+ 12,500 |
+ 17.86 |
|
Bills Receivables |
20,000 |
50,000 |
+ 30,000 |
+ 150.00 |
|
Prepaid Expenses |
6,000 |
8,000 |
+ 2,000 |
+ 33.33 |
|
Cash at Bank |
40,000 |
48,500 |
+ 8,500 |
+ 21.25 |
|
Cash in hand |
5,000 |
29,000 |
+ 24,000 |
+ 480.00 |
|
Total Current Assets (A) |
1,81,000 |
2,63,000 |
+ 82,000 |
+ 45.30 |
|
Fixed Assets (B) |
1,40,000 |
1,95,000 |
+ 55,000 |
+ 39.29 |
|
Total Assets (A+B) |
3,21,000 |
4,58,000 |
+ 1,37,000 |
+ 42.68 |
Liabilities: |
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
Bank Overdraft |
35,000 |
45,450 |
+ 10,450 |
+ 29.86 |
|
Creditors |
25,000 |
35,000 |
+ 10,000 |
+ 40.00 |
|
Provision for Taxation |
15,000 |
22,500 |
+ 7,500 |
+ 50.00 |
|
Proposed Dividend |
8,500 |
20,050 |
+ 11,550 |
+ 135.88 |
|
Total Current Liabilities (A) |
83,500 |
1,23,000 |
+ 39,500 |
+ 47.31 |
|
Equity Capital |
1,20,000 |
1,85,000 |
+ 65,000 |
+ 54.17 |
|
Preference Capital |
70,000 |
95,000 |
+ 25,000 |
+ 35.71 |
|
Reserves |
30,000 |
35,000 |
+ 5,000 |
+ 16.67 |
|
P&L |
17,500 |
20,000 |
+ 2,500 |
+ 14.29 |
|
Shareholder Fund (B) |
2,37,500 |
3,35,000 |
+ 97,500 |
+ 41.05 |
|
Total Liabilities and Shareholder Fund (A+B) |
3,21,000 |
4,58,000 |
+ 1,37,000 |
+ 42.68 |