From the following Balance Sheet of H.P. Ltd. as at 31st March, 2025, prepare Comparative Balance Sheet:
| Particulars | 31st March, 2025 | 31st March, 2024 |
| I. EQUITY AND LIABILITIES | ||
| Shareholder’s Funds (a) Share Capital (i) Equity Share Capital (ii) Preference Share Capital (b) Reserves and Surplus |
12,50,000 2,50,000 3,00,000 |
5,00,000 2,50,000 4,50,000 |
| Non-Current Liabilities Long-term Borrowings (i) 12% Debentures (ii) Loan from Directors |
9,50,000 2,50,000 |
5,50,000 2,00,000 |
| Current Liabilities (a) Short-term Borrowings (b) Trade Payables (c) Short-term Provisions |
3,50,000 2,00,000 50,000 |
1,75,000 1,00,000 25,000 |
| Total | 36,00,000 | 22,50,000 |
| II. Assets | ||
| Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment |
22,50,000 | 15,00,000 |
| Current Assets (a) Inventories (b) Trade Receivables (c) Cash & Cash Equivalents |
4,50,000 8,00,000 1,00,000 |
2,50,000 4,50,000 50,000 |
| Total | 36,00,000 | 22,50,000 |
Solution :
