Question 1
Following is the balance sheet of X Ltd. as on 31st March 2019 and 2018.
| Particulars | Note No. | 31.03.2019 | 31.03.2018 |
| ₹ | ₹ | ||
| I EQUITY AND LIABILITIES: | |||
| Shareholder’s Funds: | |||
| (a) Share Capital | 10,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 2,00,000 | 3,00,000 | |
| Non-Current Liabilities | |||
| Long Term Borrowings | 8,00,000 | 2,00,000 | |
| Current Liabilities | |||
| Trade Payables | 4,00,000 | 2,00,000 | |
| TOTAL | 24,00,000 | 15,00,000 | |
| II.ASSETS: | |||
| Non-Current Assets | |||
| Fixed Assets: | |||
| 1.Tangible Assets | 14,00,000 | 8,00,000 | |
| 2. Intangible Assets | 3,00,000 | 2,00,000 | |
| Current Assets | |||
| A. Inventories | 5,00,000 | 4,00,000 | |
| B. Cash and Cash Equivalents | 2,00,000 | 1,00,000 | |
| TOTAL | 24,00,000 | 15,00,000 |
Solution:
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Mathematics 2021 JAMB Past Questions and Answers | Questions 11 – 20
COMPARATIVE BALANCE SHEET OF X LTD.
As at 31st March 2018 and 2019
| Particulars | Note No. | 31.03.2018 | 31.03.2019 | Absolute Change(< or >) | Percentage Change(< or >) |
| 1 | 2 | 3 | 4 | 5 | |
| A | B | (B-A=C) | C/A X 100 = D | ||
| I. EQUITY AND LIABILITIES: | ₹ | ₹ | ₹ | ₹ | |
| 1. Shareholder’s Funds: | |||||
| a. Share capital | 5,00,000 | 10,00,000 | 5,00,000 | 100.00 (1) | |
| b. Reserves and Surplus | 3,00,000 | 2,00,000 | (1,00,000)* | (33.33) (2) | |
| 2.Non-Current Liabilities: | |||||
| Long Term Borrowings | 5,00,000 | 8,00,000 | 3,00,000 | 60.00 | |
| 3. Current Liabilities: | |||||
| Trade Payables | 2,00,000 | 4,00,000 | 3,00,000 | 100.00 | |
| TOTAL | 15,00,000 | 24,00,000 | 9,00,000 | 60.00 | |
| II. ASSETS: | |||||
| 1. Non-Current Assets: | |||||
| Fixed Assets: | |||||
| 01. Tangible Assets | 8,00,000 | 14,00,000 | 6,00,000 | 75.00 | |
| 02. Intangible Assets | 2,00,000 | 3,00,000 | 1,00,000 | 50.00 | |
| 2. Current Assets: | |||||
| A.Inventories | 4,00,000 | 5,00,000 | 1,00,000 | 25.00 | |
| B. Cash and Cash Equivalents | 1,00,000 | 2,00,000 | 1,00,000 | 100.00 | |
| TOTAL | 15,00,000 | 24,00,000 | 9,00,000 | 60.00 |
Also Read: Tools of Analysis of Financial Statements
Question 2
What is a Comparative Statement of P&L?
Answer: A Comparative Statement of P&L depicts the figures of revenue from operations, expenses, incomes and net profit or loss for a number of years so that the changes in absolute data in terms of money as well as in terms of percentages may be known.