Q: The following are the Balance sheets of a concern for the years ending 2010 and 2011. Prepare a comparative Balance sheet and study the financial position of the concern.

Liabilities 2010 2011 Assets 2010 2011 Equity share capital 3000 5000 Land and Building 4000 5000 General reserve 3000 4000 Plant and Machinery 6500 8000 Prot & Loss A/c 1500 3000 Furniture 1500 2000 15% Debentures 5000 6000 Stock 1500 1200 Sundry Creditors 2000 3000 Debtors 1000 2800 Bills Payable 2000 2000 Cash at Bank 1200 2500 Cash in Hand 800 1500 16500 23000 16500 23000