(a) From the following particulars, prepare comparative balance sheet of Malar Ltd. as on 31st March, 2016 and 31st March, 2017.

| Particulars | 31st March, 2016 (₹) | 31st March, 2017 (₹) |
| --- | --- | --- |
| I. Equity and Liabilities | | |
| 1. Shareholder's fund (a) Share

Question

(a) From the following particulars, prepare comparative balance sheet of Malar Ltd. as on 31st March, 2016 and 31st March, 2017.

| Particulars | 31st March, 2016 (₹) | 31st March, 2017 (₹) |
| --- | --- | --- |
| I. Equity and Liabilities | | |
| 1. Shareholder's fund (a) Share capital | 2,00,000 | 2,50,000 |
| (b) Reserves and surplus | 50,000 | 50,000 |
| 2. Non-current liabilities — Long-term borrowings | 30,000 | 60,000 |
| 3. Current liabilities — Trade payables | 20,000 | 60,000 |
| Total | 3,00,000 | 4,20,000 |
| II. Assets | | |
| 1. Non-current assets (a) Fixed assets | 1,00,000 | 1,50,000 |
| (b) Non-current investments | 50,000 | 75,000 |
| 2. Current assets — Inventories | 75,000 | 1,50,000 |
| Cash and cash equivalents | 75,000 | 45,000 |
| Total | 3,00,000 | 4,20,000 |

OR

(b) From the following Receipts and Payment Account of Ooty Recreation Club, prepare income and expenditure account for the year ended 31.03.2018.

| Receipts | ₹ | Payments | ₹ |
| --- | --- | --- | --- |
| To opening balance — Cash in hand | 5,000 | By sports materials purchased | 10,000 |
| To rent received | 10,000 | By stationery paid | 7,000 |
| To sale of investments | 8,000 | By computer purchased | 25,000 |
| To subscription received | 54,000 | By salaries | 20,000 |
| | | By closing balance — Cash in hand | 15,000 |
| | 77,000 | | 77,000 |

Accepted Answer

>

> [!TLDR]
> (a) Each line shown with its absolute and % change; total +₹1,20,000 (+40%). (b) Income ₹64,000 − Expenditure ₹37,000 = **surplus ₹27,000** (sale of investments and computer purchased excluded as capital items).
>
> ## (a) Comparative Balance Sheet of Malar Ltd. as on 31st March 2016 and 2017
>
> Absolute change = 2017 − 2016; % change = (Absolute change ÷ 2016) × 100.
>
> | Particulars | 2016 (₹) | 2017 (₹) | Abs. change (₹) | % change |
> | --- | ---: | ---: | ---: | ---: |
> | **I. Equity and Liabilities** | | | | |
> | Share capital | 2,00,000 | 2,50,000 | +50,000 | +25.00 |
> | Reserves and surplus | 50,000 | 50,000 | 0 | 0.00 |
> | Long-term borrowings | 30,000 | 60,000 | +30,000 | +100.00 |
> | Trade payables | 20,000 | 60,000 | +40,000 | +200.00 |
> | **Total** | **3,00,000** | **4,20,000** | **+1,20,000** | **+40.00** |
> | **II. Assets** | | | | |
> | Fixed assets | 1,00,000 | 1,50,000 | +50,000 | +50.00 |
> | Non-current investments | 50,000 | 75,000 | +25,000 | +50.00 |
> | Inventories | 75,000 | 1,50,000 | +75,000 | +100.00 |
> | Cash and cash equivalents | 75,000 | 45,000 | −30,000 | −40.00 |
> | **Total** | **3,00,000** | **4,20,000** | **+1,20,000** | **+40.00** |
>
> **Interpretation:** the ₹1,20,000 (40%) growth was financed mainly by extra share capital and a doubling of borrowings and trade payables; on the asset side it went into fixed assets, investments and a doubling of inventories, while cash fell by 40%.
>
> ## OR (b) Income and Expenditure Account of Ooty Recreation Club for the year ended 31.03.2018
>
> Exclude capital items — Opening/closing cash, Sale of investments (capital receipt) and Computer purchased (capital expenditure).
> …

Particulars	31st March, 2016 (₹)	31st March, 2017 (₹)
I. Equity and Liabilities
1. Shareholder's fund (a) Share capital	2,00,000	2,50,000
(b) Reserves and surplus	50,000	50,000
2. Non-current liabilities — Long-term borrowings	30,000	60,000
3. Current liabilities — Trade payables	20,000	60,000
Total	3,00,000	4,20,000
II. Assets
1. Non-current assets (a) Fixed assets	1,00,000	1,50,000
(b) Non-current investments	50,000	75,000
2. Current assets — Inventories	75,000	1,50,000
Cash and cash equivalents	75,000	45,000
Total	3,00,000	4,20,000

Receipts	₹	Payments	₹
To opening balance — Cash in hand	5,000	By sports materials purchased	10,000
To rent received	10,000	By stationery paid	7,000
To sale of investments	8,000	By computer purchased	25,000
To subscription received	54,000	By salaries	20,000
		By closing balance — Cash in hand	15,000
	77,000		77,000

Particulars	2016 (₹)	2017 (₹)	Abs. change (₹)	% change
I. Equity and Liabilities
Share capital	2,00,000	2,50,000	+50,000	+25.00
Reserves and surplus	50,000	50,000	0	0.00
Long-term borrowings	30,000	60,000	+30,000	+100.00
Trade payables	20,000	60,000	+40,000	+200.00
Total	3,00,000	4,20,000	+1,20,000	+40.00
II. Assets
Fixed assets	1,00,000	1,50,000	+50,000	+50.00
Non-current investments	50,000	75,000	+25,000	+50.00
Inventories	75,000	1,50,000	+75,000	+100.00
Cash and cash equivalents	75,000	45,000	−30,000	−40.00
Total	3,00,000	4,20,000	+1,20,000	+40.00

(a) Comparative Balance Sheet of Malar Ltd. as on 31st March 2016 and 2017

OR (b) Income and Expenditure Account of Ooty Recreation Club for the year ended 31.03.2018

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