Information available from balance sheets pertaining to two periods

In statutory formats and in many cases we come across two balance sheets clubbed into one single statement giving us a comparative view of the figures pertaining to the two dates. One the last day of the current accounting period and the other the last day of the previous accounting period i.e. the first day of the current accounting period.
Stretch/Expand this balance sheet
Balance Sheet of M/s ___ as on 31st March 2007
LIABILITIES ASSETS
Amount
(Previous)
ParticularsAmountAmount
(Current)
Amount
(Previous)
ParticularsAmountAmount
(Current)
12,00,000
7,00,000
20,00,000



15,00,000


18,00,000
EQUITY SHARE CAPITAL
PREFERENCE SHARE CAPITAL
RESERVES
a) P/L Appropriation a/c
b) Share Premium
e) General Reserve
LONG TERM LIABILITIES
(1) Loans from Banks
(2) Debentures
CURRENT LIABILITIES/PROVISIONS
(1) Sundry Creditors
(2) Bills Payable
(3) Bank Overdraft
(4) Outstanding Expenses
(7) Provision for Taxation
(8) Provision for Dividends



8,00,000
6,00,000
9,00,000

8,00,000
8,00,000

11,00,000
4,00,000
2,50,000
1,00,000
3,00,000
2,50,000
15,00,000
9,00,000
23,00,000



16,00,000


24,00,000
37,00,000





28,00,000








7,00,000
FIXED ASSETS
(1) Goodwill at Cost
(2) Land and Buildings
(3) Plant and Machinery
(4) Furniture and Fittings
(7) Investments
CURRENT ASSETS
A. LIQUID ASSETS
(1) Cash Balance
(2) Bills Receivable
(3) Sundry debtors
Less: Bad Debt Reserve
B. OTHER CURRENT ASSETS
(1) Stocks/Inventories
(2) Prepaid Expenses
ACCUMULATED LOSSES
1) Miscellaneous Expenses

8,00,000
13,00,000
14,00,000
6,00,000
4,00,000


78,000
8,25,000
12,25,000
(12,000)

12,00,000
2,84,000
45,00,000





36,00,000








6,00,000
72,00,000 Total 87,00,00072,00,000 Total 87,00,000

Use

In addition to providing all the information pertaining to an accounting period, the information from such a balance sheet enables us to compare the figures relating to the current period with the figures relating to the previous period.

Such a comparison enables us to analyse the changes in the current and non-current areas of the balance sheet over the period involved between the two balance sheet dates.

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