What is the percentage change in share c

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Home Questions 69CT9CGSN2

Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Analysis of Financial Statements

Question:

Based on the information provided below, compute and answer.

Comparative Balance Sheet of Amrit Limited as at March 31, 2023 and March 31, 2024.

(₹ in Lakhs)

Particulars	31 March, 2023	31 March, 2024	Absolute Increase (+) or Decrease (-)	Percentage Increase (+) or Decrease (-)
I. Equity and Liabilities
Shareholders' funds
Share capital	15	20	5
Reserves and surplus	14	............	(1)	(7.14)
Non- Current liabilities
Long-term borrowings	..............	19	3	18.75
Current liabilities
Trade payables	2	3	1	50
Total	47	55	8	17.02

II. Assets
Non-current assets
Fixed assets
Tangible assets	15	............	5	33.33
Intangible assets	16	19	3	18.75
Current assets
Inventories	14	13	(1)	(7.14)
Cash and Cash Equivalents	2	3	1	..........
Total	47	55	8	17.02

What is the percentage change in share capital?

Options:

30%

33.33%

40%

25%

Correct Answer:

33.33%

Explanation:

The correct answer is option 2- 33.33%.

Share capital on 2023 = 15,00,000
Share capital on 2024 = 20,00,000
Change in Share capital = 5,00,000

Percentage Change in Share capital = (Change in Share capital / Share capital on 2023) x 100
= (5,00,000 /15,00,000 ) x 100
= 33.33%

Thus, Percentage Change in Share capital is 33.33%.