From the following Balance Sheet of Abec Ltd. as at 31st March, 2023, prepare a Comparative Balance Sheet:
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 | Â | Â |
|
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 | Â | Â |
|
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 |
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