Question:
From the following Balance Sheet of GGM Ltd., prepare a Comparative Balance Sheet.
From the following Balance Sheet of GGM Ltd., prepare a Comparative Balance Sheet.
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In a comparative balance sheet, always calculate both absolute and percentage changes to analyze financial performance year-over-year.
Updated On: Jul 18, 2025
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Solution and Explanation
Comparative Balance Sheet of GGM Ltd. as at 31st March, 2024 and 2023
| Particulars | 31.03.2024 (₹) | 31.03.2023 (₹) | Change (₹) | % Change |
|---|---|---|---|---|
| I – Equity and Liabilities | ||||
| Share Capital | 4,50,000 | 3,00,000 | 1,50,000 | \( 50\% \) |
| Long-term Borrowings | 1,50,000 | 1,00,000 | 50,000 | \( 50\% \) |
| Trade Payables | 30,000 | 20,000 | 10,000 | \( 50\% \) |
| Total Equity and Liabilities | 6,30,000 | 4,20,000 | 2,10,000 | \( 50\% \) |
| II – Assets | ||||
| Property, Plant and Equipment & Intangible Assets | 4,50,000 | 3,00,000 | 1,50,000 | \( 50\% \) |
| Inventories | 1,50,000 | 1,00,000 | 50,000 | \( 50\% \) |
| Cash and Cash Equivalents | 30,000 | 20,000 | 10,000 | \( 50\% \) |
| Total Assets | 6,30,000 | 4,20,000 | 2,10,000 | \( 50\% \) |
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