DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements: All the Class 12 Accountancy students can refer to DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements for clearing their accountancy doubts. You can even prepare for your exam and solve your assignments with its help.
Download Free PDF of DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements using the download link given in the blog. To know more, read the whole blog.
Download DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements PDF
DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements
Access Solutions Of DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements
Question 1
Following is the balance sheet of X Ltd. as on 31st March 2023 and 2024.
| Particulars | Note No. | 31.03.2019 | 31.03.2018 |
| ₹ | ₹ | ||
| I EQUITY AND LIABILITIES: | |||
| Shareholder’s Funds: | |||
| (a) Share Capital | 10,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 2,00,000 | 3,00,000 | |
| Non-Current Liabilities | |||
| Long Term Borrowings | 8,00,000 | 2,00,000 | |
| Current Liabilities | |||
| Trade Payables | 4,00,000 | 2,00,000 | |
| TOTAL | 24,00,000 | 15,00,000 | |
| II.ASSETS: | |||
| Non-Current Assets | |||
| Fixed Assets: | |||
| 1.Tangible Assets | 14,00,000 | 8,00,000 | |
| 2. Intangible Assets | 3,00,000 | 2,00,000 | |
| Current Assets | |||
| A. Inventories | 5,00,000 | 4,00,000 | |
| B. Cash and Cash Equivalents | 2,00,000 | 1,00,000 | |
| TOTAL | 24,00,000 | 15,00,000 |
Solution:
COMPARATIVE BALANCE SHEET OF X LTD.
As at 31st March 2018 and 2019
| Particulars | Note No. | 31.03.
2018 |
31.03.
2019 |
Absolute Change
(< or >) |
Percentage Change
(< or >) |
| 1 | 2 | 3 | 4 | 5 | |
| A | B | (B-A=C) | C/A X 100 = D | ||
| I. EQUITY AND LIABILITIES: | ₹ | ₹ | ₹ | ₹ | |
| 1. Shareholder’s Funds: | |||||
| a. Share capital | 5,00,000 | 10,00,000 | 5,00,000 | 100.00 (1) | |
| b. Reserves and Surplus | 3,00,000 | 2,00,000 | (1,00,000)* | (33.33) (2) | |
| 2.Non-Current Liabilities: | |||||
| Long Term Borrowings | 5,00,000 | 8,00,000 | 3,00,000 | 60.00 | |
| 3. Current Liabilities: | |||||
| Trade Payables | 2,00,000 | 4,00,000 | 3,00,000 | 100.00 | |
| TOTAL | 15,00,000 | 24,00,000 | 9,00,000 | 60.00 | |
| II. ASSETS: | |||||
| 1. Non-Current Assets: | |||||
| Fixed Assets: | |||||
| 01. Tangible Assets | 8,00,000 | 14,00,000 | 6,00,000 | 75.00 | |
| 02. Intangible Assets | 2,00,000 | 3,00,000 | 1,00,000 | 50.00 | |
| 2. Current Assets: | |||||
| A. Inventories | 4,00,000 | 5,00,000 | 1,00,000 | 25.00 | |
| B. Cash and Cash Equivalents | 1,00,000 | 2,00,000 | 1,00,000 | 100.00 | |
| TOTAL | 15,00,000 | 24,00,000 | 9,00,000 | 60.00 |
Question 2
What is a Comparative Statement of P&L?
Answer: A Comparative Statement of P&L depicts the figures of revenue from operations, expenses, incomes and net profit or loss for a number of years so that the changes in absolute data in terms of money as well as in terms of percentages may be known.
This is the complete blog on DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements. To know more about the CBSE Class 12 Accountancy exam, ask in the comments.
FAQs on DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements
From where can I find the download link for the DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 – Tools for Financial Analysis Statements PDF?
You can find the download link of DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 – Tools for Financial Analysis Statements PDF in the above blog.
How much does it cost to download the DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 – Tools for Financial Analysis Statements PDF?
You can download DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 – Tools for Financial Analysis Statements PDF for free.
Can I access the DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 – Tools for Financial Analysis Statements PDF Offline?
Once you have downloaded the DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements PDF online, you can access it offline whenever you want.
Is the DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements a credible source for Class 12 Accountancy exam preparation?
Yes, the solutions of DK Goel Accountancy Class 12 Solutions Vol 2 Chapter 3 Tools for Financial Analysis Statements are prepared by the subject matter experts, hence credible.