Prepare a Comparative Balance Sheet of Tushar Ltd. as at 31st March, 2024, from the following information.
Prepare a Comparative Balance Sheet of Tushar Ltd. as at 31st March, 2024, from the following information.
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Solution and Explanation
A Comparative Balance Sheet compares financial positions of two periods. The structure involves 5 columns: Particulars, 2024 values, 2023 values, Absolute Change, Percentage Change. This helps identify financial trends and shifts.
Comparative Balance Sheet of Tushar Ltd. as at 31st March, 2024
| Particulars | 2024 (₹) | 2023 (₹) | Change (₹) | % Change |
|---|---|---|---|---|
| I. Equity and Liabilities | ||||
| Share Capital | 27,00,000 | 18,00,000 | 9,00,000 | 50% |
| Long-term Borrowings | 9,00,000 | 6,00,000 | 3,00,000 | 50% |
| Trade Payables | 3,00,000 | 2,00,000 | 1,00,000 | 50% |
| Total | 39,00,000 | 26,00,000 | 13,00,000 | 50% |
| II. Assets | ||||
| Property, Plant & Equipment | 33,00,000 | 20,00,000 | 13,00,000 | 65% |
| Inventory | 3,00,000 | 2,00,000 | 1,00,000 | 50% |
| Cash and Cash Equivalents | 3,00,000 | 4,00,000 | -1,00,000 | -25% |
| Total | 39,00,000 | 26,00,000 | 13,00,000 | 50% |
Interpretation:
There is a 50% increase in total equity and liabilities as well as total assets.
- Share Capital: Increase due to fresh issue of shares indicates equity funding.
- Borrowings: Additional ₹3,00,000 may have been used for capital expenditure.
- Fixed Assets: Rise of 65% shows significant investment, possibly for expansion.
- Cash Position: 25% decline in cash must be watched to ensure liquidity isn't strained.
Overall, the company's financial position has expanded substantially.
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