The following are the balance sheets of Devi Co. Ltd at the end of 20

The following are the balance sheets of Devi Co. Ltd at the end of 2002 and 2003. Prepare a Comparative Balance Sheet and study the financial position of the concern. Liabilities2002Rs2003RsAssets2002Rs2003RsEquity Capital1,20,0001,85,000Fixed Assets1,40,0001,95,000Preference Capital70,00095,000Stock40,00045,000Reserves30,00035,000Debtors70,00082,500P&L17,50020,000Bills Receivables20,00050,000Bank overdraft35,00045,450Prepaid Expenses6,0008,000Creditors25,00035,000Cash at bank40,00048,500Provision for Taxation15,00022,500Cash in hand5,00029,000Proposed Dividend8,50020,050 3,21,0004,58,000 3,21,0004,58,000

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The following are the balance sheets of Devi Co. Ltd at the end of 2002 and 2003. Prepare a Comparative Balance Sheet and study the financial position of the concern.

Liabilities	2002 Rs	2003 Rs	Assets	2002 Rs	2003 Rs
Equity Capital	1,20,000	1,85,000	Fixed Assets	1,40,000	1,95,000
Preference Capital	70,000	95,000	Stock	40,000	45,000
Reserves	30,000	35,000	Debtors	70,000	82,500
P&L	17,500	20,000	Bills Receivables	20,000	50,000
Bank overdraft	35,000	45,450	Prepaid Expenses	6,000	8,000
Creditors	25,000	35,000	Cash at bank	40,000	48,500
Provision for Taxation	15,000	22,500	Cash in hand	5,000	29,000
Proposed Dividend	8,500	20,050
	3,21,000	4,58,000		3,21,000	4,58,000

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