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 |
Percentage change in cash and cash equivalents:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 50%
The percentage change is the absolute change divided by the first year’s figure, multiplied by 100.
Cash and cash equivalents on March 31, 2023 = 2 lakhs
Cash and cash equivalents on March 31, 2024 = 3 lakhs
Absolute increase = 3 − 2 = 1 lakh
Percentage change = 1 ÷ 2 × 100 = 50%
Trade payables move from 2 to 3 lakhs as well, and the table shows 50% for them too.
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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