Question:
From the following Balance Sheet of Vinayak Ltd., prepare a Comparative Balance Sheet.
From the following Balance Sheet of Vinayak Ltd., prepare a Comparative Balance Sheet.
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To calculate % change: \texttt{(Current Year - Previous Year) ÷ Previous Year × 100}. Use comparative statements to analyze financial trends over time.
Updated On: Jul 18, 2025
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Solution and Explanation
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% |
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