Question - 15

From the following statement of profit and loss for the year ended 31st March, 2010 and 2011, Prepare comparative statement of profit and loss of shivam Ltd.: 

31-03-2012

Assets : Fixed Assets Rs. 3,00,000, Investment Rs. 50,000, Current Assets Rs. 1,50,000 = 5,00,000.

Capital and liablities : Equity share capital Rs. 2,00,000, Preference share capital Rs. 50,000, Reserve and surplus Rs. 50,000, Secured loan Rs. 1,00,000, Unsecured loan Rs. 50,000,Current Liabilities Rs. 40,000, Preference share capital Rs. 10,000 = 5,00,000.

 31-03-2013

Assets : Fixed Assets Rs. 3,60,000, Investment Rs. 50,000, Current Assets Rs. 1,05,000 = 5,15,000.

Capital and liablities : Equity share capital Rs. 2,00,000, Preference share capital Rs. 50,000, Reserve and surplus Rs. 60,000, Secured loan Rs. 90,000, Unsecured loan Rs. 90,000,Current Liabilities Rs. 44,000, Preference share capital Rs. 11,000 = 5,15,000.

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