Practical Problem 04

 

Prepare Comparative Balance Sheet for the year ended 31.3.17 and 31.3.18

Particulars

31.3.17 (₹)

31.3.18 (₹)

1) Current liabilities

60,000

48,000

2) Fixed Assets

2,40,000

3,00,000

3) Loan

68,000

1,02,000

4) Share Capital

1,20,000

1,44,000

5) Reserve & Surplus

48,000

60,000

6) Current Assets

56,000

54,000

SOLUTION:

                                                                       Comparative Balance Sheet as on 31st March 2017 and 31st March 2018

Particulars

31 – 03 – 2017 (₹)

31 – 03 – 2018 (₹)

Absolute Change (₹)

% Change

I. Sources of Funds

(a) Share Capital

1,20,000

1,44,000

24,000

20 % Increase

(b) Reserve and Surplus

48,000

60,000

12,000

25 % Increase

(A) Net Worth

1,68,000

2,04,000

36,000

21.43 % Increase

(B) Borrowed Funds – Loan

68,000

1,02,000

34,000

50 % Increase

Total Funds Available (A + B)

2,36,000

3,06,000

70,000

29.66 % Increase

II. Application of Funds

A. Fixed Assets

2,40,000

3,00,000

60,000

25 % Increase

B. (1) Current Assets

56,000

54,000

(2,000)

(3.57 %) Decrease

Less : (2) Current Liabilities

60,000

48,000

(12,000)

(20 %) Decrease

B. Working Capital

    

(Current Assets – Current Liabilities

(4,000)

6,000

10,000

(250 %) Decrease

Total Funds Applied (A + B)

2,36,000

3,06,000

70,000

29.66 % Increase