DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis: Comparative Statements is outlined by expert Accountancy teachers from the latest version of DK Goel Accountancy Class 12 textbook solutions.
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DK Goel Solutions Class 12 – Chapter 3 – Part B
Following is the balance sheet of X Ltd. as on 31st March 2019 and 2018.
|I EQUITY AND LIABILITIES:|
|(a) Share Capital||10,00,000||5,00,000|
|(b) Reserves and Surplus||2,00,000||3,00,000|
|Long Term Borrowings||8,00,000||2,00,000|
|2. Intangible Assets||3,00,000||2,00,000|
|B. Cash and Cash Equivalents||2,00,000||1,00,000|
COMPARATIVE BALANCE SHEET OF X LTD.
As at 31st March 2018 and 2019
(< or >)
(< or >)
|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)|
|Long Term Borrowings||5,00,000||8,00,000||3,00,000||60.00|
|3. Current Liabilities:|
|1. Non-Current 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:|
|B. Cash and Cash Equivalents||1,00,000||2,00,000||1,00,000||100.00|
Also Read: Tools of Analysis of Financial Statements
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.