Expert Accountancy teachers outline DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis: Comparative Statements from the new edition of DK Goel Accountancy Class 12 textbook solutions.
MNS EdTech offers DK Goel Solutions to help students understand all of the theories in particular. It is important to learn more accounting principles, however, the concepts of Admission of a partner, Accounting Ratios and Cash Flow Statement is important.
DK Goel Solutions Class 12 – Chapter 3 – Part B
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:
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 |
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.
Related Links
| DK Goel Accountancy Solutions Class 12 – Part B (Chapter wise) | |
| Chapter 2 Financial Statements Analysis | Chapter 3 Tools for Financial Analysis: Comparative Statements |
| Chapter 4 Common Size Statements | Chapter 5 Accounting Ratios |
| Chapter 6 Cash Flow Statement (As per AS – 3 Revised) | Chapter 1 Financial Statements of Companies |
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