Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2024 Share Capital ₹ 4,00,000 Equity Share Capital ₹ 1,00,000
Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2024.
| Particulars | 31st March, 2024 | 31st March, 2023 |
| I EQUITY AND LIABILITIES | ||
|
Shareholder’s Funds (a) Share Capital (i) Equity Share Capital (ii) Preference Share Capital (b) Reserves and Surplus |
4,00,000 1,00,000 1,20,000 |
4,00,000 1,00,000 1,10,000 |
|
Non-Current Liabilities (a) Long-term Borrowings (b) Long-term Provisions |
4,50,000 50,000 |
4,50,000 1,00,000 |
|
Current Liabilities (a) Trade Payables (Creditors) (b) Short-term Provisions |
5,30,000 50,000 |
3,30,000 50,000 |
| Total | 17,00,000 | 15,40,000 |
| II. Assets | ||
|
Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (b) Non-Current Investments |
9,90,000 1,00,000 |
10,40,000 1,00,000 |
|
Current Assets (a) Trade Receivables (b) Cash & Cash Equivalents |
5,00,000 1,10,000 |
3,00,000 1,00,000 |
| Total | 17,00,000 | 15,40,000 |
You are required to comment upon the changes in absolute figures from one period to another.
[Ans. Share Capital: No change; Reserves and Surplus – ₹ 10,000 (Increase); Long-term Borrowings: Bank Loan – ₹ 1,00,000 (Decrease); 8% Debentures – ₹ 1,00,000 (Increase); Long-term Provisions – ₹ 50,000 (Decrease); Current Liabilities – ₹ 2,00,000 (Increase); Property, Plant and Equipment – ₹ 50,000 (Decrease); Current Assets – ₹ 2,10,000 (increase).]
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