[ISC] Q. 6 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)
Solution of Q 6 Comparative Statements and Common-Size Statements TS Grewal Class 12 ISC Board Accountancy Book 2023-24
From the following Balance Sheet of Abec Ltd. as at 31st March, 2023, prepare a Comparative Balance Sheet:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus | 7,00,000 5,00,000 | 4,00,000 6,00,000 |
| 2. Non-Current Liabilities Long-term Borrowings (12% Loan) | 13,00,000 | 10,00,000 |
| 3. Current Liabilities (a) Trade Payables (b) Short-term Provisions | 5,60,000 40,000 | 3,75,000 25,000 |
| Total | 31,00,000 | 24,00,000 |
| II. ASSETS | ||
| I. Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment Less: Accumulated Depreciation | 12,00,000 | 12,00,000 |
| 2. Current Assets (a) Trade Receivables (b) Cash and Bank Balances | 16,50,000 2,50,000 | 10,00,000 2,00,000 |
| Total | 31,00,000 | 24,00,000 |
Solution:-
