Question

From the following Balance Sheet of Vinayak Ltd., prepare a Comparative Balance Sheet.

Hint:

To calculate % change: \texttt{(Current Year - Previous Year) ÷ Previous Year × 100}. Use comparative statements to analyze financial trends over time.

Answer 1

Comparative Balance Sheet of Vinayak Ltd. as at 31st March, 2024 and 2023

 

Particulars	31.3.2024 (Rs.)	31.3.2023 (Rs.)	Change (Rs.)	% Change
I – Equity and Liabilities
1. Shareholders’ Funds
Share Capital	$11,25,000$	$7,50,000$	$3,75,000$	50%
2. Non-Current Liabilities
Long-term Borrowings	$4,50,000$	$3,00,000$	$1,50,000$	50%
3. Current Liabilities
Trade Payables	$1,50,000$	$1,00,000$	$50,000$	50%
Total	$17,25,000$	$11,50,000$	$5,75,000$	50%
II – Assets
1. Non-Current Assets
Property, Plant and Equipment & Intangible Assets	$12,75,000$	$8,50,000$	$4,25,000$	50%
2. Current Assets
(a) Inventories	$3,00,000$	$2,00,000$	$1,00,000$	50%
(b) Cash and Cash Equivalents	$1,50,000$	$1,00,000$	$50,000$	50%
Total	$17,25,000$	$11,50,000$	$5,75,000$	50%