Question:
From the following Balance Sheet of Nayak Ltd., prepare a Comparative Balance Sheet as at 31stMarch, 2024.
From the following Balance Sheet of Nayak Ltd., prepare a Comparative Balance Sheet as at 31stMarch, 2024.
Show Hint
Comparative Balance Sheets help assess the financial growth or decline of a firm across two periods. Always show absolute and percentage change.
Updated On: Jan 14, 2026
Hide Solution
Verified By Collegedunia
Solution and Explanation
Comparative Balance Sheet of Nayak Ltd. as at 31st March, 2024
| Particulars | 31.03.2024 (₹) | 31.03.2023 (₹) | Absolute Change (₹) | % Change |
|---|---|---|---|---|
| Share Capital | 6,00,000 | 4,00,000 | 2,00,000 | 50% |
| Long-term Borrowings | 2,25,000 | 1,50,000 | 75,000 | 50% |
| Trade Payables | 75,000 | 50,000 | 25,000 | 50% |
| Total Liabilities | 9,00,000 | 6,00,000 | 3,00,000 | 50% |
| Property, Plant & Equipment (PPE) | 6,75,000 | 4,50,000 | 2,25,000 | 50% |
| Inventories | 1,50,000 | 1,00,000 | 50,000 | 50% |
| Cash | 75,000 | 50,000 | 25,000 | 50% |
| Total Assets | 9,00,000 | 6,00,000 | 3,00,000 | 50% |
Was this answer helpful?
0
0
Top CBSE CLASS XII Accountancy Questions
- Arora and Gurmeet were partners in a firm sharing profits and losses in the ratio of 3 : 2. Starting from 1st October, 2024 Arora withdrew ₹ 30,000 at the beginning of each quarter for his personal use. Interest on drawings was to be charged @ 12% per annum. Interest on Arora's drawings for the year ended 31st March, 2025 was:
- Munna and Sonu were partners in a firm sharing profits and losses in the ratio of 4 : 1. Their fixed capitals were ₹ 40,00,000 and ₹ 30,00,000 respectively. During the year ended 31st March, 2025, Munna withdrew ₹ 50,000 for personal use. Interest on drawings was to be charged @ 6% p.a. The journal entry for charging interest on Munna’s drawings will be :
- Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of 2 : 1. On 1st April, 2025, they admitted Raghu as a new partner for 1/5th share in the profits of the firm. On the date of Raghu’s admission, it was found that the equipment is undervalued by ₹ 90,000. After revaluation, the Balance Sheet of Sujata, Laxmi and Raghu showed equipment at ₹ 3,00,000. The value of equipment shown in the books of the firm of Sujata and Laxmi before Raghu’s admission was :
- Sudama, Sharma and Varun were partners in a firm sharing profits and losses in the ratio of 6 : 4 : 3. Sharma retired from the firm on 31st March, 2025. The gaining ratio of Sudama and Varun will be:
- Aashree and Manvi were partners in a firm and their capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. Normal rate of return in a similar business was 15% and the goodwill of the firm was valued at ₹ 3,00,000. If goodwill was calculated at three years purchase of super profits, the average profits of the firm were :
View More Questions
Top CBSE CLASS XII Financial Statement Analysis Questions
- From the following information obtained from the books of accounts of Ananda Ltd., calculate 'Quick Ratio' of the company: Total Current Assets (including stock and prepaid expenses) ₹ 2,00,000; Stock ₹ 20,000; Prepaid expenses ₹ 10,000; Current liabilities ₹ 1,70,000.
- CBSE Class XII - 2026
- Accountancy
- Financial Statement Analysis
- The following information is obtained from the books of Devdutt Ltd. : Working capital - ₹ 4,00,000
Trade Payables - ₹ 50,000
Other Current liabilities - ₹ 1,00,000
Current assets of Devdutt Ltd. are :- CBSE Class XII - 2026
- Accountancy
- Financial Statement Analysis
- 'Analysis of financial statements is useful and significant to different users.' Which of the following users is concerned with a firm's long-term solvency and survival?
- CBSE Class XII - 2026
- Accountancy
- Financial Statement Analysis
- ‘Net Asset Turnover’ ratio of a company is 2 times. State with reason whether the following transactions will increase, decrease or not affect the ratio:
Cash sales ₹ 3,00,000
Issue of equity shares ₹ 10,00,000
Issue of 9% debentures ₹ 5,00,000
Credit purchase of goods ₹ 50,000- CBSE Class XII - 2026
- Accountancy
- Financial Statement Analysis
- Which of the following is not a feature of Tailored accounting software?
- CBSE Class XII - 2026
- Accountancy
- Financial Statement Analysis
View More Questions
Top CBSE CLASS XII Questions
- A DNA molecule is 160 base pairs long. It has 30% Guanine. How many Adenine bases are present in this DNA molecule?
Look at the given image and identify the ancient sculptural panel from the options:
|
- CBSE Class XII - 2026
- Ancient History
- Arrange the following historical events in chronological order and choose the correct option: I. Champaran Satyagraha
II. Kheda Satyagraha
III. Jallianwala Bagh Incident
IV. Rowlatt Act
Options:- CBSE Class XII - 2026
- Modern Indian History
- Name any two centres of Indian National Movement.
- CBSE Class XII - 2026
- Modern Indian History
- Mention any one medieval town.
- CBSE Class XII - 2026
- Modern Indian History
View More Questions