Practical Problem 03
Prepare Comparative Balance Sheet for the year ended 31.3.18 and 31.3.19 Assets & Liabilities as follows
Particulars | 31.3.18 (₹) | 31.3.19 (₹) |
1) Fixed Assets | 1,20,000 | 1,50,000 |
2) Share Capital | 60,000 | 72,000 |
3) Current Assets | 28,000 | 27,000 |
4) Reserve & Surplus | 24,000 | 30,000 |
5) Loan | 34,000 | 57,000 |
6) Current liabilities | 30,000 | 24,000 |
SOLUTION:
Comparative Balance Sheet as on 31st March 2018 and 31st March 2019
Particulars | 31 – 03 – 2018 (₹) | 31 – 03 – 2019 (₹) | Absolute Change (₹) | % Change | ||
I. Sources of Funds | ||||||
(a) Share Capital | 60,000 | 72,000 | 12,000 | 20 % Increase | ||
(b) Reserve and Surplus | 24,000 | 30,000 | 6,000 | 25 % Increase | ||
(A) Net Worth | 84,000 | 1,02,000 | 18,000 | 21.43 % Increase | ||
(B) Borrowed Funds – Loan | 34,000 | 57,000 | 23,000 | 67.65 % Increase | ||
Total Funds Available (A + B) | 1,18,000 | 1,59,000 | 41,000 | 34.74 % Increase | ||
II. Application of Funds | ||||||
A. Fixed Assets | 1,20,000 | 1,50,000 | 30,000 | 25 % Increase | ||
Working Capital | ||||||
(1) Current Assets | 28,000 | 27,000 | (1,000) | (3.57 %) Decrease | ||
Less : (2) Current Liabilities | 30,000 | 24,000 | (6,000) | (20 %) Decrease | ||
B. Working Capital | ||||||
(Current Assets – Current Liabilities) | (2,000) | 3,000 | 5,000 | (250 %) Decrease | ||
Total Funds Applied (A + B) | 1,18,000 | 1,53,000 | 35,000 | 29.66 % Increase | ||