In the comparative balance sheet percentage of change is written. Share capital is ₹25 lakh for the year 2021 and ₹20 lakh for the year 2022. What is the direction & percentage of change?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 20% decrease.
Change = 25-20
= ₹5 lakh (decrease)
% Of change = 5/25 X 100
= 20%
Thus, there is decrease by 20%.