COMPARATIVE STATEMENT ANALYSIS

Problem: - 1

From the following balance sheet and Income statement of Goodwill Co. Ltd. Pune, for the
year ending 2019 and 2020, and prepare the Comparative Statements.

Income Statement (Rs. In Lakhs)

Particulars 2019 2020
Net Sales 900 1,050
Less:
Cost of Goods Sold 650 850
Administrative Expenses 40 40
Selling Expenses 20 20
Net Profit 190 140

Balance-Sheet
Particulars 2019 2020
Equity Share Capital 600 600
6% Preference Share Capital 500 500
Reserves 400 445
Debentures 300 350
Bills Payable 250 275
Creditors 150 200
Tax Payable 150 200
Total Liabilities 2,350 2,570

Land 300 300

Building 500 470
Plant 400 470
Furniture 300 340
Stock 400 500
Cash 450 490
Total Assets 2,350 2,570
Problem: - 2

The following are the balance sheets of Zeel Company Ltd. at the end of 2019 and 2020

Liabilities 2019 2020 Assets 2019 2020

Equity Share Capital 400 600 Land & Buildings 270 170
Reserves & Surplus 312 354 Plant & Machinery 310 786
Debentures 50 100 Furnitures & Fixtures 9 18
Long – Term Loans 150 255 Other Fixed Assets 20 30
Accounts Payable 255 117 Loans & Advances 46 59
Other Current Liabilities 7 10 Cash & Bank 118 10
 Account Receivable 209 190
Inventory 160 130
Prepaid Expenses 3 3
Other Current Assets 29 40
1,174 1,436 1,174 1,436

Prepare a comparative balance sheet and study the financial position of the company.