From the following Balance Sheet, prepare Comparative Balance sheet of Varun Ltd:
From the following Balance Sheet, prepare Comparative Balance sheet of Varun Ltd:
Ans.
| Particulars | 31st March, 2024 | 31st March, 2023 |
| I EQUITY AND LIABILITIES | ||
| Shareholder’s Funds Share Capital | 3,50,000 | 3,00,000 |
| Non-Current Liabilities Long-term Borrowings | 1,00,000 | 2,00,000 |
| Current Liabilities Trade Payables | 1,50,000 | 1,00,000 |
| Total | 6,00,000 | 6,00,000 |
| II. Assets | ||
| Non-Current Assets Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment | 4,00,000 | 3,00,000 |
| Current Assets Trade Receivables | 2,00,000 | 3,00,000 |
| Total | 6,00,000 | 6,00,000 |
| Particulars | Absolute Change | Percentage Change |
| Shareholder’s Funds | 50,000 | 16.67 |
| Non-Current Liabilities | (1,00,000) | (50.00) |
| Current Liabilities | 50,000 | 50.00 |
| Non-Current Assets | 1,00,000 | 33.33 |
| Current Assets | (1,00,000) | (33.33) |
Anurag Pathak Answered question 4 hours ago
