question_answer

From the following information, prepare comparative balance sheet of Malishka Ltd. Also identify the value being reflected in the preparation of comparative statements. Balance Sheet as at 31st March, 2016 and 2017

	Particulars	31st March, 2016 (Rs.)	31st March, 2017 (Rs.)
I.	EQUITY AND LIABILITIES
	1. Shareholders' Funds
	(a) Share Capital	25,00,000	25,00,000
	(b) Reserves and Surplus	5,00,000	6,00,000
	2. Non-current Liabilities
	Long-term Borrowings	15,00,000	15,00,000
	3. Current Liabilities
	(a) Short-term Borrowings (Bank Overdraft)	2,25,000	2,40,000
	(b) Trade Payables	2,00,000	2,25,000
	(c) Other Current Liabilities	50,000	55,000
	(d) Short-term Provisions	25,000	30,000
	Total	50,00,000	51,50,000
II.	ASSETS
	1. Non-current Assets
	(a) Fixed Assets (Tangible)	30,00,000	36,00,000
	(b) Non-current Investments	5,00,000	5,00,000
	2. Current Assets
	(a) Inventories	7,50,000	5,50,000
	(b) Trade Receivables	5,00,000	3,00,000
	(c) Cash and Cash Equivalents	1,50,000	1,75,000
	(d) Other Current Assets	1,00,000	25,000
	Total	50,00,000	51,50,000

Answer:

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