question_answer

Following is the comparative balance sheet of Shri Ram Fabrics Ltd who are engaged in the production and supply of green energy in the rural areas of India. Comparative Balance Sheet as at 31st March, 2017 and 2018

	Particulars	Note No.	31st March, 2017 (Rs.)	31st March, 2018 (Rs.)	Absolute Change (Increase or Decrease) (Rs.)	Percentage Change (Increase or                           Decrease)
			A	B	C = B ? A	\[D=\frac{C}{A}\times 100%\]
I.	EQUITY AND LIABILITIES
	1. Shareholder's Funds
	(a) Share Capital		12,00,000	12,00,000	?	?
	(b) Reserve and Surplus		3,00,000	?	(30,000)	(?)
	2 Non-current Liabilities
	Long term Borrowings		5,00,000	?	(?)	(40)
	3. Current Liabilities
	(a) Short-term Borrowings		?	20,00,000	12,00,000	?
	(b) Trade Payables		?	?	...	?
	Total		30,00,000	40,00,000	?	?
II.	ASSETS
	1. Non-current Assets		15,00,000	?	5,00,000	?
	2. Current Assets
	(a) Inventory		5,00,000	?	?	100
	(b) Trade Receivables		?	8,40,000	40,000	?
	(c) Cash and Cash Equivalents		?	?	(?)	(?)
	Total		?	?	?	?

You are required to fill up the missing figures in the comparative balance sheet. Also identify any two values that the company wishes to convey to the society.

Answer:

                                                            Comparative Balance Sheet as at 31st March, 2017 and 2018

	Particulars	Note No.	31st Maths, 2017 (Rs.)	31st Maths, 2018 (Rs.)	Absolute Change (Increase or Decrease)	Percentage Change (Increase or Decrease)
			A	B	C = B ? A	\[D=\frac{C}{A}\times 100%\]
I	EQUITY AND LIABILITIES
	1. Shareholder's Funds
	(a) Share Capital		12,00,000	12,00,000	-	-
	(b) Reserve and Surplus		3,00,000	2,70,000	(30,000)	(10)
	2. Non-current Liabilities
	Long-term Borrowings		5,00,000	3,00,000	(2,00,000)	(40)
	3. Current Liabilities
	(a) Short-term Borrowings		8,00,000	20,00,000	12,00,000	150
	(b) Trade Payables		2,00,000	2,30,000	30,000	15
	Total		30,00,000	40,00,000	10,00,000	33.33
II.	ASSETS
	1. Non-current Assets		15,00,000	20,00,000	5,00,000	33.33
	2. Current Assets
	(a) Inventory		5,00,000	10,00,000	5,00,000	100
	(b) Trade Receivables		8,00,000	8,40,000	40,000	5
	(c) Cash and cash equivalents		2,00,000	1,60,000	(40,000)	(20)
	Total		30,00,000	40,00,000	10,00,000	33.33

Value shown by the Company Promoting supply of environment friendly energy and development of rural areas.