Following is the Balance sheet of Mehar Ltd. as at 31st March, 2024:
| Particulars | 31st March, 2025 | 31st March, 2024 |
| I. EQUITY AND LIABILITIES | ||
| Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus |
15,00,000 10,00,000 |
10,00,000 10,00,000 |
| Non-Current Liabilities Long-term Borrowings |
8,00,000 | 2,00,000 |
| Current Liabilities Trade Payables |
5,00,000 | 3,00,000 |
| Total | 38,00,000 | 25,00,000 |
| II. Assets | ||
| Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets |
25,00,000 5,00,000 |
15,00,000 5,00,000 |
| Current Assets (a) Trade Receivables (b) Cash & Cash Equivalents |
6,00,000 2,00,000 |
3,50,000 1,50,000 |
| Total | 38,00,000 | 25,00,000 |
You are required to prepare Comparative Balance Sheet on the basis of the information given in the above Balance Sheet.
Solution :
