Q1. From the given information about Larsen & Turbo Ltd. For the years that ended on 31 March 2020 and 2021, prepare a comparative balance sheet as on 31st March 2020 and 2021 and interpret the financial position of the company. LIABILITIES 31st 31st March,2020((*) March,2021(*) 31st 31st ASSETS March,2020((*) March,2021(*) Equity Share 5,00,000 6,00,000 2,00,000 1.00.000 Capital Land & Building General 40,000 50,000 1,50,000 2,00,000 Reserves Plant & Machinery Creditors 2.40.000 70,000 Investments 2.97,000 2,00,000 Bills Payable 50,000 25.000 Stock 40.000 30,000 Outstanding 50,000 NIL 50,000 50.000 Expenses Debtors Bills Receivables 63.000 1,00,000 Profit & Loss A/C 70.000 60,000 Discount on issue of 10.000 5.000 shares 8,80,000 7,45,000 8,80.000 7,45,000