[ISC] Q. 6 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)

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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:

Particulars31st 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)
13,00,00010,00,000
3. Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
5,60,000
40,000
3,75,000
25,000
Total31,00,00024,00,000
II. ASSETS
I. Non-Current Assets
Property, Plant and Equipment and Intangible Assets:
(i) Property, Plant and Equipment
Less: Accumulated Depreciation
12,00,00012,00,000
2. Current Assets
(a) Trade Receivables
(b) Cash and Bank Balances
16,50,000
2,50,000
10,00,000
2,00,000
Total31,00,00024,00,000

Solution:-

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