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Home Questions 9GPGBM2CF7
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

 

Percentage change in cash and cash equivalents:

Options:

50%

20%

33.33%

66.67%

Correct Answer:

50%

Explanation:

The correct answer is option 1- 50%.

Cash & cash equivalents in 2023 = 2,00,000
Cash & cash equivalents in 2024 = 3,00,000

Change in cash & cash equivalents = 3,00,000 - 2,00,000
                                                  = 1,00,000

% change in cash & cash equivalents = [Change in cash & cash equivalents / Previous year(2023) cash & cash equivalents] x 100
                                                      = 1,00,000/2,00,000 x 100
                                                      = 50%
                                                      

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