Question

From the following Balance Sheet of Hira Ltd. as at 31^st March, 2023, prepare Comparative Balance Sheet: \[ \begin{array}{|c|l|r|r|} \hline \textbf{Particulars} & \textbf{Note No.} & \textbf{31.3.2023 (₹)} & \textbf{31.3.2022 (₹)} \\ \hline \textbf{I – Equity and Liabilities:} & & & \\ 1. \text{Shareholders' Funds:} & & & \\ \hspace{0.5cm} (a) \text{Share Capital} & 1 & 15,00,000 & 12,00,000 \\ \hline 2. \text{Non-Current Liabilities:} & & & \\ \hspace{0.5cm} (a) \text{Long-term Borrowings} & 2 & 10,00,000 & 5,00,000 \\ \hline 3. \text{Current Liabilities:} & & & \\ \hspace{0.5cm} (a) \text{Trade Payables} & 3 & 1,00,000 & 3,00,000 \\ \hline \textbf{Total} & & 26,00,000 & 20,00,000 \\ \hline \textbf{II – Assets:} & & & \\ 1. \text{Non-Current Assets:} & & & \\ \hspace{0.5cm} (a) \text{Fixed Assets/Property, Plant, and Equipment} & 4 & 20,00,000 & 15,00,000 \\ \hline 2. \text{Current Assets:} & & & \\ \hspace{0.5cm} (a) \text{Inventories} & 5 & 1,50,000 & 1,00,000 \\ \hspace{0.5cm} (b) \text{Trade Receivables} & 6 & 4,50,000 & 4,00,000 \\ \hline \textbf{Total} & & 26,00,000 & 20,00,000 \\ \hline \end{array} \]

Hint:

To prepare a Comparative Balance Sheet, calculate the percentage change as: \[ \text{\% Change} = \frac{\text{Current Year} - \text{Previous Year}}{\text{Previous Year}} \times 100 \]

Answer 1

Hira Ltd. Comparative Balance Sheet: 31^st March, 2023 vs. 31^st March, 2022: [ \begin{array}{|l|r|r|r|} \hline \textbf{Particulars} & \textbf{31.3.2023 (₹)} & \textbf{31.3.2022 (₹)} & \textbf{\% Change} \\ \hline \textbf{I – Equity and Liabilities:} & & & \\ 1. \text{Share Capital} & 15,00,000 & 12,00,000 & 25\% \\ 2. \text{Long-term Borrowings} & 10,00,000 & 5,00,000 & 100\% \\ 3. \text{Trade Payables} & 1,00,000 & 3,00,000 & -66.67\% \\ \hline \textbf{Total} & 26,00,000 & 20,00,000 & 30\% \\ \hline \textbf{II – Assets:} & & & \\ 1. \text{Fixed Assets} & 20,00,000 & 15,00,000 & 33.33\% \\ 2. \text{Inventories} & 1,50,000 & 1,00,000 & 50\% \\ 3. \text{Trade Receivables} & 4,50,000 & 4,00,000 & 12.5\% \\ \hline \textbf{Total} & 26,00,000 & 20,00,000 & 30\% \\ \hline \end{array} ] Notes:

• Share Capital increased by ₹ 3,00,000 due to new share issuance.
• Long-term Borrowings doubled, reflecting additional loans.
• Trade Payables decreased owing to payments to creditors.
• Fixed Assets saw a ₹ 5,00,000 increase from capital expenditures.
• Inventories rose by ₹ 50,000 due to increased stock levels.
• Trade Receivables increased by ₹ 50,000 from higher credit sales.