CBSE Class 12 Accountancy 2026: question 32
Set in the CBSE Class 12 board exam of 2026, paper 67/1/1, section B-I, question 32, for 3 marks. Try it first; the hints and our step-by-step solution are below.
Q32 · 3 marks · Short answerAnalysis of Financial Statements
From the following Balance sheets of Royal Sugar Mills Ltd. as at 31st March, 2024 and 2025, prepare a Comparative Balance Sheet :
| Particulars | Note No. | 31-3-2025 (₹) | 31-3-2024 (₹) |
|---|---|---|---|
| I. Equity and Liabilities : | |||
| 1. Shareholders' Funds: Share Capital | 24,00,000 | 20,00,000 | |
| 2. Non-current Liabilities: Long term borrowings | 12,00,000 | 10,00,000 | |
| 3. Current liabilities: Trade Payables | 6,00,000 | 5,00,000 | |
| Total | 42,00,000 | 35,00,000 | |
| II. Assets : | |||
| 1. Non-Current Assets: Property, plant and equipment and intangible assets | 30,00,000 | 25,00,000 | |
| 2. Current Assets: (a) Inventories | 2,00,000 | 4,00,000 | |
| (b) Cash & Cash equivalents | 10,00,000 | 6,00,000 | |
| Total | 42,00,000 | 35,00,000 |
Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/1/1.
Hints
Open one hint at a time and try again before the next.
Hint 1
Percentage change = change ÷ 2024 figure × 100.
Hint 2
A fall is shown in brackets.
Step-by-step solution
Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.
- 1½ marks
Comparative Balance Sheet of Royal Sugar Mills Ltd. as at 31st March, 2024 and 2025
Particulars 31.3.2024 (₹) 31.3.2025 (₹) Absolute change (₹) % change I. Equity and Liabilities Shareholders' Funds: Share Capital 20,00,000 24,00,000 4,00,000 20 Non-current Liabilities: Long-term borrowings 10,00,000 12,00,000 2,00,000 20 Current Liabilities: Trade Payables 5,00,000 6,00,000 1,00,000 20 Total 35,00,000 42,00,000 7,00,000 20 - 1½ marks
Particulars 31.3.2024 (₹) 31.3.2025 (₹) Absolute change (₹) % change II. Assets Non-current Assets: Property, plant and equipment and intangible assets 25,00,000 30,00,000 5,00,000 20 Current Assets: Inventories 4,00,000 2,00,000 (2,00,000) (50) Current Assets: Cash and cash equivalents 6,00,000 10,00,000 4,00,000 66.67 Total 35,00,000 42,00,000 7,00,000 20
Answer: Every liability item and the total rise 20%; PPE +20%, inventories −50%, cash +66.67%; totals ₹ 35,00,000 → ₹ 42,00,000
Where the marks are
- Liabilities side with changes (1½ marks)
- Assets side with changes (1½ marks)
Revise the chapter
- Chapter: Analysis of Financial Statements (notes, formulas, where marks are lost and every past question)
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