Preparation of comparative balance sheet, Managerial Accounting

Preparation of comparative balance sheet, Managerial Accounting

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Problem

From the following balance sheets of Dramas Ltd., compute the trend percentages using 31st December 2005 as the base year.

Assets & Liabilities Amount

2005 2006 2007

Liabilities:

Share capital       2,00,000    2,50,000    3,00,000
Reserves                     1,00,000 1,50,000     1,50,000
Loans                            2,00,000   1,00,000        50,000
Creditors                       3,00,000   4,00,000     2,00,000
                                    8,00,000   9,00,000    7,00,000

Assets:

Buildings 2,00,000    2,50,000     3,00,000
Plant                             2,00,000    2,50,000     1,00,000
Stock    2,50,000    2,50,000     1,50,000
Debtors 1,00,000    1,00,000 1,00,000
Cash at Bank                    50,000      50,000        50,000
                                    8,00,000    9,00,000     7,00,000

Preparation of comparative balance sheet with the increase or decrease in percentage
Conclusions

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