Practical Problem 04
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 |