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?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 33.33%
In a comparative balance sheet the percentage change is always worked on the first year’s figure: the absolute change is divided by the earlier year’s amount and multiplied by 100. The table is in lakhs, but a percentage does not depend on the unit.
Share capital on March 31, 2023 = 15 lakhs
Share capital on March 31, 2024 = 20 lakhs
Absolute increase = 20 − 15 = 5 lakhs
Percentage change = 5 ÷ 15 × 100 = 33.33%
Dividing the change by the 2024 figure (5 ÷ 20 × 100 = 25%) uses the wrong base.
The book’s version has the years March 31, 2016 and 2017; the figures are the same.
NCERT (2026-27 edition):
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