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Page No 3.30:
Question 1:
Answer:
In the books of D Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholders’ Funds |
|
|
|
|
a. Share Capital |
3,00,000 |
3,50,000 |
50,000 |
16.67 |
Shareholders’ Fund |
3,00,000 |
3,50,000 |
50,000 |
16.67 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
2,00,000 |
1,00,000 |
(1,00,000) |
(50.00) |
3. Current Liabilities |
|
|
|
|
a. Trade Payables |
1,00,000 |
1,50,000 |
50,000 |
50.00 |
Total |
6,00,000 |
6,00,000 |
– |
– |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
3,00,000 |
4,00,000 |
1,00,000 |
33.33 |
2. Current Assets |
|
|
|
|
a. Trade Receivables |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
Total |
6,00,000 |
6,00,000 |
– |
– |
|
|
|
|
|
Page No 3.31:
Question 2:
In the books of D Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholders’ Funds |
|
|
|
|
a. Share Capital |
3,00,000 |
3,50,000 |
50,000 |
16.67 |
Shareholders’ Fund |
3,00,000 |
3,50,000 |
50,000 |
16.67 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
2,00,000 |
1,00,000 |
(1,00,000) |
(50.00) |
3. Current Liabilities |
|
|
|
|
a. Trade Payables |
1,00,000 |
1,50,000 |
50,000 |
50.00 |
Total |
6,00,000 |
6,00,000 |
– |
– |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
3,00,000 |
4,00,000 |
1,00,000 |
33.33 |
2. Current Assets |
|
|
|
|
a. Trade Receivables |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
Total |
6,00,000 |
6,00,000 |
– |
– |
|
|
|
|
|
Answer:
In the books of Radha Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
b. Reserve and Surplus |
10,00,000 |
10,00,000 |
â |
â |
Shareholdersâ Fund |
20,00,000 |
25,00,000 |
5,00,000 |
25.00 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
2,00,000 |
8,00,000 |
6,00,000 |
300.00 |
3. Current Liabilities |
3,00,000 |
5,00,000 |
2,00,000 |
66.67 |
Total |
25,00,000 |
38,00,000 |
13,00,000 |
52.00 |
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
15,00,000 |
25,00,000 |
10,00,000 |
66.67 |
b. Intangible Assets | 5,00,000 | 5,00,000 | - | - |
|
20,00,000 |
30,00,000 |
10,00,000 |
50.00 |
2. Current Assets | ||||
a. Trade Receivables | 3,50,000 | 6,00,000 | 2,50,000 | 71.43 |
b. Cash and Cash Equivalents |
1,50,000 |
2,00,000 |
50,000 |
33.33 |
|
5,00,000 |
8,00,000 |
3,00,000 |
60.00 |
Total | 25,00,000 | 38,00,000 | 13,00,000 | 52.00 |
|
|
|
|
|
Page No 3.31:
Question 3:
In the books of Radha Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
b. Reserve and Surplus |
10,00,000 |
10,00,000 |
â |
â |
Shareholdersâ Fund |
20,00,000 |
25,00,000 |
5,00,000 |
25.00 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
2,00,000 |
8,00,000 |
6,00,000 |
300.00 |
3. Current Liabilities |
3,00,000 |
5,00,000 |
2,00,000 |
66.67 |
Total |
25,00,000 |
38,00,000 |
13,00,000 |
52.00 |
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
15,00,000 |
25,00,000 |
10,00,000 |
66.67 |
b. Intangible Assets | 5,00,000 | 5,00,000 | - | - |
|
20,00,000 |
30,00,000 |
10,00,000 |
50.00 |
2. Current Assets | ||||
a. Trade Receivables | 3,50,000 | 6,00,000 | 2,50,000 | 71.43 |
b. Cash and Cash Equivalents |
1,50,000 |
2,00,000 |
50,000 |
33.33 |
|
5,00,000 |
8,00,000 |
3,00,000 |
60.00 |
Total | 25,00,000 | 38,00,000 | 13,00,000 | 52.00 |
|
|
|
|
|
Answer:
In the books of Deepankur Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
7,50,000 |
9,00,000 |
1,50,000 | 20.00 |
b. Reserve and Surplus |
2,85,000 |
3,30,000 |
45,000 | 15.79 |
Shareholdersâ Fund |
10,35,000 |
12,30,000 |
1,95,000 | 18.84 |
2. Non-Current Liabilities |
|
|
||
a. Long-term Borrowings |
4,50,000 |
3,00,000 |
(1,50,000) | (33.33) |
3. Current Liabilities | ||||
a. Short-Term Borrowings | 1,70,000 | 1,40,000 | (30,000) | (17.65) |
b. Trade Payables | 1,50,000 | 2,00,000 | 50,000 | 33.33 |
c. Other Current Liabilities | 45,000 | 60,000 | 15,000 | 33.33 |
d. Short-Term Provisions |
10,000 |
20,000 |
10,000 |
100.00 |
3,75,000 | 4,20,000 | 45,000 | 12.00 | |
Total |
18,60,000 | 19,50,000 | 90,000 | 4.84 |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets |
10,45,000 |
9,55,000 |
(90,000) |
8.61 |
b. Non-Current Investments | 2,00,000 | 2,00,000 | - | - |
12,45,000 | 11,55,000 | (90,000) | (7.23) | |
2. Current Assets |
||||
a. Inventories | 2,00,000 | 2,50,000 | 50,000 | 25.00 |
b.Trade Receivables | 2,25,000 | 2,50,000 | 25,000 | 11.11 |
c.Cash and Cash Equivalents | 1,10,000 | 1,95,000 | 85,000 | 77.27 |
d.Other Current Assets | 80,000 | 1,00,000 | 20,000 | 25.00 |
6,15,000 | 7,95,000 | 1,80,000 | 29.27 | |
Total |
18,60,000 | 19,50,000 | 90,000 | 4.84 |
|
|
|
|
|
Page No 3.32:
Question 4:
In the books of Deepankur Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
7,50,000 |
9,00,000 |
1,50,000 | 20.00 |
b. Reserve and Surplus |
2,85,000 |
3,30,000 |
45,000 | 15.79 |
Shareholdersâ Fund |
10,35,000 |
12,30,000 |
1,95,000 | 18.84 |
2. Non-Current Liabilities |
|
|
||
a. Long-term Borrowings |
4,50,000 |
3,00,000 |
(1,50,000) | (33.33) |
3. Current Liabilities | ||||
a. Short-Term Borrowings | 1,70,000 | 1,40,000 | (30,000) | (17.65) |
b. Trade Payables | 1,50,000 | 2,00,000 | 50,000 | 33.33 |
c. Other Current Liabilities | 45,000 | 60,000 | 15,000 | 33.33 |
d. Short-Term Provisions |
10,000 |
20,000 |
10,000 |
100.00 |
3,75,000 | 4,20,000 | 45,000 | 12.00 | |
Total |
18,60,000 | 19,50,000 | 90,000 | 4.84 |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets |
10,45,000 |
9,55,000 |
(90,000) |
8.61 |
b. Non-Current Investments | 2,00,000 | 2,00,000 | - | - |
12,45,000 | 11,55,000 | (90,000) | (7.23) | |
2. Current Assets |
||||
a. Inventories | 2,00,000 | 2,50,000 | 50,000 | 25.00 |
b.Trade Receivables | 2,25,000 | 2,50,000 | 25,000 | 11.11 |
c.Cash and Cash Equivalents | 1,10,000 | 1,95,000 | 85,000 | 77.27 |
d.Other Current Assets | 80,000 | 1,00,000 | 20,000 | 25.00 |
6,15,000 | 7,95,000 | 1,80,000 | 29.27 | |
Total |
18,60,000 | 19,50,000 | 90,000 | 4.84 |
|
|
|
|
|
Answer:
In the books of Blue Bell Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
2,44,000 |
3,26,000 |
82,000 |
33.61 |
b. Reserves and Surplus | 1,00,000 | 1,00,000 | - | - |
Shareholder's Funds
|
3,44,000 |
4,26,000 |
82,000 |
23.84 |
2. Non-Current Liabilities | ||||
a. Long-term Borrowings |
4,38,000 |
6,96,000 |
2,58,000 |
58.90 |
3. Current Liabilities |
78,000 |
2,98,000 |
2,20,000 |
282.05 |
Total |
8,60,000 |
14,20,000 |
5,60,000 |
65.12 |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
4,30,000 |
5,68,000 |
1,38,000 |
32.09 |
b. Non-Current Investments |
4,000 |
6,000 |
2,000 |
50.00 |
4,34,000 | 5,74,000 | 1,40,000 | 32.26 | |
2. Current Assets |
|
|
|
|
a. Trade Receivables | 3,76,000 | 6,46,000 | 2,70,000 | 71.81 |
b. Cash and Cash Equivalents | 50,000 | 2,00,000 | 1,50,000 | 300.00 |
4,26,000 | 8,46,000 | 4,20,000 | 98.59 | |
Total |
8,60,000 |
14,20,000 |
5,60,000 |
65.12 |
|
|
|
|
|
Page No 3.32:
Question 5:
In the books of Blue Bell Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
2,44,000 |
3,26,000 |
82,000 |
33.61 |
b. Reserves and Surplus | 1,00,000 | 1,00,000 | - | - |
Shareholder's Funds
|
3,44,000 |
4,26,000 |
82,000 |
23.84 |
2. Non-Current Liabilities | ||||
a. Long-term Borrowings |
4,38,000 |
6,96,000 |
2,58,000 |
58.90 |
3. Current Liabilities |
78,000 |
2,98,000 |
2,20,000 |
282.05 |
Total |
8,60,000 |
14,20,000 |
5,60,000 |
65.12 |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
4,30,000 |
5,68,000 |
1,38,000 |
32.09 |
b. Non-Current Investments |
4,000 |
6,000 |
2,000 |
50.00 |
4,34,000 | 5,74,000 | 1,40,000 | 32.26 | |
2. Current Assets |
|
|
|
|
a. Trade Receivables | 3,76,000 | 6,46,000 | 2,70,000 | 71.81 |
b. Cash and Cash Equivalents | 50,000 | 2,00,000 | 1,50,000 | 300.00 |
4,26,000 | 8,46,000 | 4,20,000 | 98.59 | |
Total |
8,60,000 |
14,20,000 |
5,60,000 |
65.12 |
|
|
|
|
|
Answer:
In the books of Wye Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Comments |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
4,00,000 |
4,00,000 |
- |
No Change |
b. Preference Share Capital | 1,00,000 | 1,00,000 | - | No Change |
ii. Reserve and Surplus |
1,10,000 |
1,20,000 |
10,000 |
Increase |
Shareholdersâ Fund |
6,10,000 |
6,20,000 |
10,000 |
|
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
|
|
|
|
Secured |
4,50,000 |
3,50,000 |
1,00,000 |
Decrease |
Unsecured |
- |
1,00,000 |
1,00,000 |
Increase |
b. Long-Term Provision | 1,00,000 | 50,000 | 50,000 | Decrease |
3. Current Liabilities |
|
|
|
|
a. Trade Payables | 3,30,000 | 5,30,000 | 2,00,000 | Increase |
b. Short-Term Provisions |
50,000 |
50,000 |
- |
No Change |
Total |
15,40,000 |
17,00,000 |
1,60,000 |
|
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
10,40,000 |
9,90,000 |
50,000 |
Decrease |
b. Non-Current Investments | 1,00,000 | 1,00,000 | - | No Change |
2. Current Assets |
|
|
|
|
b. Trade Receivables |
3,00,000 |
5,00,000 |
2,00,000 |
Increase |
c. Cash and Cash Equivalents |
1,00,000 |
1,10,000 |
10,000 |
Increase |
Total |
15,40,000 |
17,00,000 |
1,60,000 |
|
|
|
|
|
|
Page No 3.33:
Question 6:
In the books of Wye Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Comments |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
4,00,000 |
4,00,000 |
- |
No Change |
b. Preference Share Capital | 1,00,000 | 1,00,000 | - | No Change |
ii. Reserve and Surplus |
1,10,000 |
1,20,000 |
10,000 |
Increase |
Shareholdersâ Fund |
6,10,000 |
6,20,000 |
10,000 |
|
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
|
|
|
|
Secured |
4,50,000 |
3,50,000 |
1,00,000 |
Decrease |
Unsecured |
- |
1,00,000 |
1,00,000 |
Increase |
b. Long-Term Provision | 1,00,000 | 50,000 | 50,000 | Decrease |
3. Current Liabilities |
|
|
|
|
a. Trade Payables | 3,30,000 | 5,30,000 | 2,00,000 | Increase |
b. Short-Term Provisions |
50,000 |
50,000 |
- |
No Change |
Total |
15,40,000 |
17,00,000 |
1,60,000 |
|
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
10,40,000 |
9,90,000 |
50,000 |
Decrease |
b. Non-Current Investments | 1,00,000 | 1,00,000 | - | No Change |
2. Current Assets |
|
|
|
|
b. Trade Receivables |
3,00,000 |
5,00,000 |
2,00,000 |
Increase |
c. Cash and Cash Equivalents |
1,00,000 |
1,10,000 |
10,000 |
Increase |
Total |
15,40,000 |
17,00,000 |
1,60,000 |
|
|
|
|
|
|
Answer:
In the books of Royal Industries Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
5,00,000 |
10,00,000 |
5,00,000 |
100.00 |
b. Reserve and Surplus |
1,00,000 |
1,00,000 |
â |
â |
Shareholdersâ Fund |
6,00,000 |
11,00,000 |
5,00,000 |
83.33 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
3. Current Liabilities |
|
|
|
|
a. Trade Payables |
1,00,000 |
2,00,000 |
1,00,000 |
100.00 |
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
4,00,000 |
8,00,000 |
4,00,000 |
50.00 |
b. Intangible Assets | 2,00,000 | 2,00,000 | - | - |
c. Non-Current Investments | 2,00,000 | 2,00,000 | - | - |
2. Current Assets |
|
|
|
|
a. Inventories |
1,50,000 |
2,50,000 |
1,00,000 |
66.67 |
b. Cash and Cash Equivalents |
50,000 |
50,000 |
- |
- |
2,00,000 | 3,00,000 | 1,00,000 | 50.00 | |
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
|
|
|
|
Page No 3.33:
Question 7:
In the books of Royal Industries Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
5,00,000 |
10,00,000 |
5,00,000 |
100.00 |
b. Reserve and Surplus |
1,00,000 |
1,00,000 |
â |
â |
Shareholdersâ Fund |
6,00,000 |
11,00,000 |
5,00,000 |
83.33 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
3. Current Liabilities |
|
|
|
|
a. Trade Payables |
1,00,000 |
2,00,000 |
1,00,000 |
100.00 |
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
|
|
|
|
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
4,00,000 |
8,00,000 |
4,00,000 |
50.00 |
b. Intangible Assets | 2,00,000 | 2,00,000 | - | - |
c. Non-Current Investments | 2,00,000 | 2,00,000 | - | - |
2. Current Assets |
|
|
|
|
a. Inventories |
1,50,000 |
2,50,000 |
1,00,000 |
66.67 |
b. Cash and Cash Equivalents |
50,000 |
50,000 |
- |
- |
2,00,000 | 3,00,000 | 1,00,000 | 50.00 | |
Total |
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
|
|
|
|
Answer:
Comparative Balance Sheet
as at March 31,2013 and March 31,2014
|
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities | ||||
1. Shareholders’ Funds | ||||
|
||||
1. Equity Share Capital | 12,50,000 | 5,00,000 | 7,50,000 | 150.00 |
2. Preference Share Capital | 2,50,000 | 2,50,000 | – | – |
15,00,000 | 7,50,000 | 7,50,000 | 100.00 | |
|
3,00,000 | 4,50,000 | (1,50,000) | (33.33) |
Shareholders’ Fund | 18,00,000 | 12,00,000 | 6,00,000 | 50.00 |
2. Non-Current Liabilities | ||||
a. Long-term Borrowings | ||||
12% Secured Debentures | 9,50,000 | 5,50,000 | 4,00,000 | 72.73 |
12% Unsecured Debentures | 2,50,000 | 2,00,000 | 50,000 | 25.00 |
12,00,000 | 7,50,000 | 4,50,000 | 60.00 | |
3. Current Liabilities | ||||
|
3,50,000 | 1,75,000 | 1,75,000 | 100.00 |
b. Trade Payables | 2,00,000 | 1,00,000 | 1,00,000 | 100.00 |
c. Short-Term Provisions | 50,000 | 25,000 | 25,000 | 100.00 |
Total | 36,00,000 | 22,50,000 | 13,50,000 | 60.00 |
II. Assets | ||||
1. Non-Current Assets | ||||
a. Fixed Assets (Tangible) | 22,50,000 | 15,00,000 | 7,50,000 | 50.00 |
2. Current Assets | ||||
|
4,50,000 | 2,50,000 | 2,00,000 | 80.00 |
b. Trade Receivables | 8,00,000 | 4,50,000 | 3,50,000 | 77.78 |
c. Cash and Cash Equivalents | 1,00,000 | 50,000 | 50,000 | 100.00 |
Total | 36,00,000 | 22,50,000 | 13,50,000 | 60.00 |
Page No 3.34:
Question 8:
Comparative Balance Sheet
as at March 31,2013 and March 31,2014
|
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities | ||||
1. Shareholders’ Funds | ||||
|
||||
1. Equity Share Capital | 12,50,000 | 5,00,000 | 7,50,000 | 150.00 |
2. Preference Share Capital | 2,50,000 | 2,50,000 | – | – |
15,00,000 | 7,50,000 | 7,50,000 | 100.00 | |
|
3,00,000 | 4,50,000 | (1,50,000) | (33.33) |
Shareholders’ Fund | 18,00,000 | 12,00,000 | 6,00,000 | 50.00 |
2. Non-Current Liabilities | ||||
a. Long-term Borrowings | ||||
12% Secured Debentures | 9,50,000 | 5,50,000 | 4,00,000 | 72.73 |
12% Unsecured Debentures | 2,50,000 | 2,00,000 | 50,000 | 25.00 |
12,00,000 | 7,50,000 | 4,50,000 | 60.00 | |
3. Current Liabilities | ||||
|
3,50,000 | 1,75,000 | 1,75,000 | 100.00 |
b. Trade Payables | 2,00,000 | 1,00,000 | 1,00,000 | 100.00 |
c. Short-Term Provisions | 50,000 | 25,000 | 25,000 | 100.00 |
Total | 36,00,000 | 22,50,000 | 13,50,000 | 60.00 |
II. Assets | ||||
1. Non-Current Assets | ||||
a. Fixed Assets (Tangible) | 22,50,000 | 15,00,000 | 7,50,000 | 50.00 |
2. Current Assets | ||||
|
4,50,000 | 2,50,000 | 2,00,000 | 80.00 |
b. Trade Receivables | 8,00,000 | 4,50,000 | 3,50,000 | 77.78 |
c. Cash and Cash Equivalents | 1,00,000 | 50,000 | 50,000 | 100.00 |
Total | 36,00,000 | 22,50,000 | 13,50,000 | 60.00 |
Answer:
Comparative Income Statement
for the year ended March 31, 2013 and 2014
|
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations( Sales) | 19,20,000 | 16,00,000 | 3,20,000 | 20.00 |
II. Expenses | ||||
|
11,70,000 | 9,50,000 | 2,20,000 | 23.16 |
|
(10,000) | 50,000 | (60,000) | 120.00 |
|
3,80,000 | 2,80,000 | 1,00,000 | 35.71 |
|
1,50,000 | 2,00,000 | (50,000) | (25.00) |
Total | 16,90,000 | 14,80,000 | 2,10,000 | 14.19 |
Net Profit (I–II) | 2,30,000 | 1,20,000 | 1,10,000 | 91.67 |
Page No 3.34:
Question 9:
Comparative Income Statement
for the year ended March 31, 2013 and 2014
|
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations( Sales) | 19,20,000 | 16,00,000 | 3,20,000 | 20.00 |
II. Expenses | ||||
|
11,70,000 | 9,50,000 | 2,20,000 | 23.16 |
|
(10,000) | 50,000 | (60,000) | 120.00 |
|
3,80,000 | 2,80,000 | 1,00,000 | 35.71 |
|
1,50,000 | 2,00,000 | (50,000) | (25.00) |
Total | 16,90,000 | 14,80,000 | 2,10,000 | 14.19 |
Net Profit (I–II) | 2,30,000 | 1,20,000 | 1,10,000 | 91.67 |
Answer:
In the books of Usha Chemicals Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
4,00,000 |
7,00,000 |
3,00,000 |
75.00 |
b. Reserve and Surplus |
6,00,000 |
5,00,000 |
(1,00,000) |
(16.67) |
Shareholdersâ Fund |
10,00,000 |
12,00,000 |
2,00,000 |
20.00 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
|
|
|
|
(12% Loan) |
10,00,000 |
13,00,000 |
3,00,000 |
30.00 |
3. Current Liabilities |
|
|
|
|
a. Short-Term Provisions |
25,000 |
40,000 |
15,000 |
60.00 |
b. Trade Payables |
3,75,000 |
5,60,000 |
1,85,000 |
49.33 |
Total |
24,00,000 |
31,00,000 |
7,00,000 |
29.17 |
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
20,00,000 |
18,00,000 |
(2,00,000) |
(10.00) |
Less: Depreciation |
8,00,000 |
6,00,000 |
(2,00,000) |
(25.00) |
|
12,00,000 |
12,00,000 |
â |
â |
2. Current Assets |
|
|
|
|
a. Trade Receivables |
10,00,000 |
16,50,000 |
6,50,000 |
65.00 |
b. Cash and Cash Equivalents |
2,00,000 |
2,50,000 |
50,000 |
25.00 |
12,00,000 | 19,00,000 | 7,00,000 | 58.33 | |
Total |
24,00,000 |
31,00,000 |
7,00,000 |
29.17 |
|
|
|
|
|
Page No 3.35:
Question 10:
In the books of Usha Chemicals Ltd. Comparative Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Equity Share Capital |
4,00,000 |
7,00,000 |
3,00,000 |
75.00 |
b. Reserve and Surplus |
6,00,000 |
5,00,000 |
(1,00,000) |
(16.67) |
Shareholdersâ Fund |
10,00,000 |
12,00,000 |
2,00,000 |
20.00 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-term Borrowings |
|
|
|
|
(12% Loan) |
10,00,000 |
13,00,000 |
3,00,000 |
30.00 |
3. Current Liabilities |
|
|
|
|
a. Short-Term Provisions |
25,000 |
40,000 |
15,000 |
60.00 |
b. Trade Payables |
3,75,000 |
5,60,000 |
1,85,000 |
49.33 |
Total |
24,00,000 |
31,00,000 |
7,00,000 |
29.17 |
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets (Tangible) |
20,00,000 |
18,00,000 |
(2,00,000) |
(10.00) |
Less: Depreciation |
8,00,000 |
6,00,000 |
(2,00,000) |
(25.00) |
|
12,00,000 |
12,00,000 |
â |
â |
2. Current Assets |
|
|
|
|
a. Trade Receivables |
10,00,000 |
16,50,000 |
6,50,000 |
65.00 |
b. Cash and Cash Equivalents |
2,00,000 |
2,50,000 |
50,000 |
25.00 |
12,00,000 | 19,00,000 | 7,00,000 | 58.33 | |
Total |
24,00,000 |
31,00,000 |
7,00,000 |
29.17 |
|
|
|
|
|
Answer:
Comparative Balance Sheet of Depth Ltd. as at March 31,2013 and March 31,2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities | ||||
1. Shareholdersâ Funds | ||||
|
2,80,000 | 1,80,000 | 1,00,000 | 55.56 |
|
1,00,000 | 1,00,000 | â | â |
Shareholdersâ Fund | 3,80,000 | 2,80,000 | 1,00,000 | 35.71 |
2. Non-Current Liabilities | ||||
Long-term Borrowings | 80,000 | 20,000 | 60,000 | 300.00 |
3. Current Liabilities | ||||
Trade Payables | 50,000 | 30,000 | 20,000 | 66.67 |
Total | 5,10,000 | 3,30,000 | 1,80,000 | 54.55 |
II. Assets | ||||
1. Non-Current Assets | ||||
|
||||
|
2,80,000 | 1,80,000 | 1,00,000 | 55.56 |
|
50,000 | 30,000 | 20,000 | 66.67 |
|
80,000 | 50,000 | 30,000 | 60.00 |
4,10,000 | 2,60,000 | 1,50,000 | 57.69 | |
2. Current Assets | ||||
|
70,000 | 30,000 | 40,000 | 133.33 |
|
30,000 | 40,000 | (10,000) | (25.00) |
1,00,000 | 70,000 | 30,000 | 42.86 | |
Total | 5,10,000 | 3,30,000 | 1,80,000 | 54.55 |
Page No 3.35:
Question 11:
Comparative Balance Sheet of Depth Ltd. as at March 31,2013 and March 31,2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Equity and Liabilities | ||||
1. Shareholdersâ Funds | ||||
|
2,80,000 | 1,80,000 | 1,00,000 | 55.56 |
|
1,00,000 | 1,00,000 | â | â |
Shareholdersâ Fund | 3,80,000 | 2,80,000 | 1,00,000 | 35.71 |
2. Non-Current Liabilities | ||||
Long-term Borrowings | 80,000 | 20,000 | 60,000 | 300.00 |
3. Current Liabilities | ||||
Trade Payables | 50,000 | 30,000 | 20,000 | 66.67 |
Total | 5,10,000 | 3,30,000 | 1,80,000 | 54.55 |
II. Assets | ||||
1. Non-Current Assets | ||||
|
||||
|
2,80,000 | 1,80,000 | 1,00,000 | 55.56 |
|
50,000 | 30,000 | 20,000 | 66.67 |
|
80,000 | 50,000 | 30,000 | 60.00 |
4,10,000 | 2,60,000 | 1,50,000 | 57.69 | |
2. Current Assets | ||||
|
70,000 | 30,000 | 40,000 | 133.33 |
|
30,000 | 40,000 | (10,000) | (25.00) |
1,00,000 | 70,000 | 30,000 | 42.86 | |
Total | 5,10,000 | 3,30,000 | 1,80,000 | 54.55 |
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations | 50,00,000 | 40,00,000 | 10,00,000 | 25.00 |
II. Expenses | ||||
|
13,10,000 | 12,00,000 | 1,10,000 | 9.17 |
|
15,00,000 | 13,00,000 | 2,00,000 | 15.38 |
Total Expenses | 28,10,000 | 25,00,000 | 3,10,000 | 12.40 |
Profit before Income Tax (I–II) | 21,90,000 | 15,00,000 | 6,90,000 | 46.00 |
Less: Income Tax | 6,57,000 | 4,50,000 | 2,07,000 | 46.00 |
Profit after Income Tax | 15,33,000 | 10,50,000 | 4,83,000 | 46.00 |
Page No 3.36:
Question 12:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations | 50,00,000 | 40,00,000 | 10,00,000 | 25.00 |
II. Expenses | ||||
|
13,10,000 | 12,00,000 | 1,10,000 | 9.17 |
|
15,00,000 | 13,00,000 | 2,00,000 | 15.38 |
Total Expenses | 28,10,000 | 25,00,000 | 3,10,000 | 12.40 |
Profit before Income Tax (I–II) | 21,90,000 | 15,00,000 | 6,90,000 | 46.00 |
Less: Income Tax | 6,57,000 | 4,50,000 | 2,07,000 | 46.00 |
Profit after Income Tax | 15,33,000 | 10,50,000 | 4,83,000 | 46.00 |
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 |
2014 |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
3,00,000 |
3,50,000 |
50,000 |
16.67 |
II. Expenses |
|
|
|
|
a. Purchase of Stock-in-Trade |
1,80,000 |
2,10,000 |
30,000 |
16.67 |
b. Changes in Inventories of Stock-in-Trade |
20,000 |
15,000 |
(5,000) |
(25.00) |
c. Employees Benefit cost |
15,000 |
17,500 |
2,500 |
16.67 |
d. Other Expenses |
5,000 |
7,500 |
2,500 |
50.00 |
|
2,20,000 |
2,50,000 |
30,000 |
13.67 |
Profit before Income Tax (I-II) | 80,000 | 1,00,000 | 20,000 | 25.00 |
Less: Income Tax |
24,000 |
30,000 |
6,000 |
25.00 |
Profit after Income Tax |
56,000 |
70,000 |
14,000 |
25.00 |
|
|
|
|
|
Page No 3.36:
Question 13:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 |
2014 |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
3,00,000 |
3,50,000 |
50,000 |
16.67 |
II. Expenses |
|
|
|
|
a. Purchase of Stock-in-Trade |
1,80,000 |
2,10,000 |
30,000 |
16.67 |
b. Changes in Inventories of Stock-in-Trade |
20,000 |
15,000 |
(5,000) |
(25.00) |
c. Employees Benefit cost |
15,000 |
17,500 |
2,500 |
16.67 |
d. Other Expenses |
5,000 |
7,500 |
2,500 |
50.00 |
|
2,20,000 |
2,50,000 |
30,000 |
13.67 |
Profit before Income Tax (I-II) | 80,000 | 1,00,000 | 20,000 | 25.00 |
Less: Income Tax |
24,000 |
30,000 |
6,000 |
25.00 |
Profit after Income Tax |
56,000 |
70,000 |
14,000 |
25.00 |
|
|
|
|
|
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations | 10,00,000 | 7,50,000 | 2,50,000 | 33.33 |
II. Other Income | 10,000 | 7,500 | 2,500 | 33.33 |
III. Total Revenue (I + II) | 10,10,000 | 7,57,500 | 2,52,500 | 3.33 |
IV. Expenses | ||||
|
4,00,000 | 3,00,000 | 1,00,000 | 33.33 |
|
1,00,000 | 75,000 | 25,000 | 33.33 |
|
1,44,000 | 1,44,000 | – | – |
|
10,000 | 12,000 | (2,000) | (16.67) |
|
25,000 | 14,000 | 11,000 | 78.57 |
Total Expenses | 6,79,000 | 5,45,000 | 1,34,000 | 24.59 |
Profit before Income Tax | 3,31,000 | 2,12,500 | 1,18,500 | 55.76 |
Less: Income Tax | 99,300 | 63,750 | 35,550 | 55.76 |
Profit after Income Tax | 2,31,700 | 1,48,750 | 82,950 | 55.76 |
Page No 3.37:
Question 14:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations | 10,00,000 | 7,50,000 | 2,50,000 | 33.33 |
II. Other Income | 10,000 | 7,500 | 2,500 | 33.33 |
III. Total Revenue (I + II) | 10,10,000 | 7,57,500 | 2,52,500 | 3.33 |
IV. Expenses | ||||
|
4,00,000 | 3,00,000 | 1,00,000 | 33.33 |
|
1,00,000 | 75,000 | 25,000 | 33.33 |
|
1,44,000 | 1,44,000 | – | – |
|
10,000 | 12,000 | (2,000) | (16.67) |
|
25,000 | 14,000 | 11,000 | 78.57 |
Total Expenses | 6,79,000 | 5,45,000 | 1,34,000 | 24.59 |
Profit before Income Tax | 3,31,000 | 2,12,500 | 1,18,500 | 55.76 |
Less: Income Tax | 99,300 | 63,750 | 35,550 | 55.76 |
Profit after Income Tax | 2,31,700 | 1,48,750 | 82,950 | 55.76 |
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
2,50,000 |
3,00,000 |
50,000 |
20.00 |
II. Expenses: |
|
|
|
|
a. Cost of Materials Consumed |
1,00,000 |
1,20,000 |
20,000 |
20.00 |
b. Changes in Inventories of WIP and Finished Goods |
5,000 |
(2,000) |
(7,000) |
(140.00) |
c. Employees Benefit Expenses (Wages) |
25,000 |
30,000 |
5,000 |
20.00 |
d. Other Expenses |
20,000 |
22,000 |
2,000 |
10.00 |
|
1,50,000 |
1,70,000 |
20,000 |
13.33 |
Profit before Income Tax (I-II) | 1,00,000 | 1,30,000 | 30,000 | 30.00 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
1,00,000 |
1,30,000 |
30,000 |
30.00 |
|
|
|
|
|
Page No 3.37:
Question 15:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
2,50,000 |
3,00,000 |
50,000 |
20.00 |
II. Expenses: |
|
|
|
|
a. Cost of Materials Consumed |
1,00,000 |
1,20,000 |
20,000 |
20.00 |
b. Changes in Inventories of WIP and Finished Goods |
5,000 |
(2,000) |
(7,000) |
(140.00) |
c. Employees Benefit Expenses (Wages) |
25,000 |
30,000 |
5,000 |
20.00 |
d. Other Expenses |
20,000 |
22,000 |
2,000 |
10.00 |
|
1,50,000 |
1,70,000 |
20,000 |
13.33 |
Profit before Income Tax (I-II) | 1,00,000 | 1,30,000 | 30,000 | 30.00 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
1,00,000 |
1,30,000 |
30,000 |
30.00 |
|
|
|
|
|
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from operations |
20,00,000 |
30,00,000 |
10,00,000 |
50.00 |
II. Other Income |
4,00,000 |
3,60,000 |
(40,000) |
(10.00) |
III. Total Revenue (I + II) |
24,00,000 |
33,60,000 |
9,60,000 |
40.00 |
IV. Expenses |
12,00,000 |
21,00,000 |
9,00,000 |
75.00 |
Profit before Income Tax |
12,00,000 |
12,60,000 |
60,000 |
5.00 |
Less: Income Tax @ 40% |
4,80,000 |
5,04,000 |
24,000 |
5.00 |
Profit after Income Tax |
7,20,000 |
7,56,000 |
36,000 |
5.00 |
|
|
|
|
|
Working Notes:
WN1 Computation of Other Income
Particulars |
2013 (Rs) |
2014 (Rs) |
Revenue From Operations |
20,00,000 |
30,00,000 |
% of Revenue From Operations |
20% |
12% |
Other Income |
4,00,000 |
3,60,000 |
WN1 Computation of Expenses
Particulars |
2013 (Rs) |
2014 (Rs) |
Revenue From Operations |
20,00,000 |
30,00,000 |
% of Revenue From Operations |
60% |
70% |
Expenses |
12,00,000 |
21,00,000 |
Page No 3.37:
Question 16:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from operations |
20,00,000 |
30,00,000 |
10,00,000 |
50.00 |
II. Other Income |
4,00,000 |
3,60,000 |
(40,000) |
(10.00) |
III. Total Revenue (I + II) |
24,00,000 |
33,60,000 |
9,60,000 |
40.00 |
IV. Expenses |
12,00,000 |
21,00,000 |
9,00,000 |
75.00 |
Profit before Income Tax |
12,00,000 |
12,60,000 |
60,000 |
5.00 |
Less: Income Tax @ 40% |
4,80,000 |
5,04,000 |
24,000 |
5.00 |
Profit after Income Tax |
7,20,000 |
7,56,000 |
36,000 |
5.00 |
|
|
|
|
|
Working Notes:
WN1 Computation of Other Income
Particulars |
2013 (Rs) |
2014 (Rs) |
Revenue From Operations |
20,00,000 |
30,00,000 |
% of Revenue From Operations |
20% |
12% |
Other Income |
4,00,000 |
3,60,000 |
WN1 Computation of Expenses
Particulars |
2013 (Rs) |
2014 (Rs) |
Revenue From Operations |
20,00,000 |
30,00,000 |
% of Revenue From Operations |
60% |
70% |
Expenses |
12,00,000 |
21,00,000 |
Answer:
Comparative Income Statement for the year ended 31st March, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations (WN1) |
12,00,000 |
16,80,000 |
4,80,000 |
40.00 |
II. Expenses |
|
|
|
|
a. Cost of Material Consumed |
6,00,000 |
13,44,000 |
7,44,000 |
124.00 |
b. Other Expenses (WN2) |
1,20,000 |
1,68,000 |
48,000 |
40.00 |
|
7,20,000 |
15,12,000 |
7,92,000 |
110.00 |
Profit before Income Tax (I-II) | 4,80,000 | 1,68,000 | (3,12,000) | (65.00) |
Less: Income Tax @ 50% |
2,40,000 |
84,000 |
(1,56,000) |
(65.00) |
Profit after Income Tax |
2,40,000 |
84,000 |
1,56,000 |
(65.00) |
|
|
|
|
|
Working Notes:
WN1 Computation of Revenue from Operations
Particulars |
2013 (Rs) |
2014 (Rs) |
Cost of Materials Consumed |
6,00,000 |
13,44,000 |
% of Materials Consumed |
200% |
125% |
Revenue from Operations |
12,00,000 |
16,80,000 |
WN2 Computation of Other Expenses
Particulars |
2013 (Rs) |
2014 (Rs) |
Revenue From Operations |
12,00,000 |
16,80,000 |
% of Operating Revenue |
10% |
10% |
Other Expenses |
1,20,000 |
1,68,000 |
Page No 3.38:
Question 17:
Comparative Income Statement for the year ended 31st March, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations (WN1) |
12,00,000 |
16,80,000 |
4,80,000 |
40.00 |
II. Expenses |
|
|
|
|
a. Cost of Material Consumed |
6,00,000 |
13,44,000 |
7,44,000 |
124.00 |
b. Other Expenses (WN2) |
1,20,000 |
1,68,000 |
48,000 |
40.00 |
|
7,20,000 |
15,12,000 |
7,92,000 |
110.00 |
Profit before Income Tax (I-II) | 4,80,000 | 1,68,000 | (3,12,000) | (65.00) |
Less: Income Tax @ 50% |
2,40,000 |
84,000 |
(1,56,000) |
(65.00) |
Profit after Income Tax |
2,40,000 |
84,000 |
1,56,000 |
(65.00) |
|
|
|
|
|
Working Notes:
WN1 Computation of Revenue from Operations
Particulars |
2013 (Rs) |
2014 (Rs) |
Cost of Materials Consumed |
6,00,000 |
13,44,000 |
% of Materials Consumed |
200% |
125% |
Revenue from Operations |
12,00,000 |
16,80,000 |
WN2 Computation of Other Expenses
Particulars |
2013 (Rs) |
2014 (Rs) |
Revenue From Operations |
12,00,000 |
16,80,000 |
% of Operating Revenue |
10% |
10% |
Other Expenses |
1,20,000 |
1,68,000 |
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
40,00,000 |
50,00,000 |
10,00,000 |
25.00 |
II. Expenses: |
|
|
|
|
a. Purchases of Stock-in-Trade |
28,50,000 |
34,00,000 |
5,50,000 |
19.30 |
b. Changes in Inventories of Stock-in-Trade |
1,50,000 |
1,00,000 |
(50,000) |
(33.33) |
c. Employees Benefit Expenses |
1,00,000 |
1,00,000 |
â |
â |
d. Other Expenses |
1,50,000 |
2,00,000 |
50,000 |
33.33 |
|
32,50,000 |
38,00,000 |
5,50,000 |
16.92 |
Profit before Income Tax (I-II) | 7,50,000 | 12,00,000 | 4,50,000 | 60.00 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
7,50,000 |
12,00,000 |
4,50,000 |
60.00 |
|
|
|
|
|
Page No 3.38:
Question 18:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
40,00,000 |
50,00,000 |
10,00,000 |
25.00 |
II. Expenses: |
|
|
|
|
a. Purchases of Stock-in-Trade |
28,50,000 |
34,00,000 |
5,50,000 |
19.30 |
b. Changes in Inventories of Stock-in-Trade |
1,50,000 |
1,00,000 |
(50,000) |
(33.33) |
c. Employees Benefit Expenses |
1,00,000 |
1,00,000 |
â |
â |
d. Other Expenses |
1,50,000 |
2,00,000 |
50,000 |
33.33 |
|
32,50,000 |
38,00,000 |
5,50,000 |
16.92 |
Profit before Income Tax (I-II) | 7,50,000 | 12,00,000 | 4,50,000 | 60.00 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
7,50,000 |
12,00,000 |
4,50,000 |
60.00 |
|
|
|
|
|
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
75,00,000 |
60,00,000 |
(15,00,000) |
(20.00) |
II. Other Income |
3,00,000 |
1,50,000 |
(1,50,000) |
(50.00) |
III. Total Revenue (I + II) |
78,00,000 |
61,50,000 |
(16,50,000) |
(21.15) |
IV. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
43,00,000 |
31,00,000 |
(12,00,000) |
(27.91) |
b. Changes in Inventories of Stock-in-Trade |
2,00,000 |
(1,00,000) |
(3,00,000) |
(150.00) |
c. Employees Benefit Expenses |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
d. Other Expenses |
21,00,000 |
18,75,000 |
(2,25,000) |
(10.71) |
69,00,000 | 50,75,000 | (18,25,000) | (26.45) | |
Profit before Income Tax |
9,00,000 |
10,75,000 |
1,75,000 |
19.44 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
9,00,000 |
10,75,000 |
1,75,000 |
19.44 |
|
|
|
|
|
Page No 3.39:
Question 19:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
2013 (Rs) |
2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
75,00,000 |
60,00,000 |
(15,00,000) |
(20.00) |
II. Other Income |
3,00,000 |
1,50,000 |
(1,50,000) |
(50.00) |
III. Total Revenue (I + II) |
78,00,000 |
61,50,000 |
(16,50,000) |
(21.15) |
IV. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
43,00,000 |
31,00,000 |
(12,00,000) |
(27.91) |
b. Changes in Inventories of Stock-in-Trade |
2,00,000 |
(1,00,000) |
(3,00,000) |
(150.00) |
c. Employees Benefit Expenses |
3,00,000 |
2,00,000 |
(1,00,000) |
(33.33) |
d. Other Expenses |
21,00,000 |
18,75,000 |
(2,25,000) |
(10.71) |
69,00,000 | 50,75,000 | (18,25,000) | (26.45) | |
Profit before Income Tax |
9,00,000 |
10,75,000 |
1,75,000 |
19.44 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
9,00,000 |
10,75,000 |
1,75,000 |
19.44 |
|
|
|
|
|
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
40,00,000 |
50,00,000 |
10,00,000 |
25.00 |
II. Other Income |
2,00,000 |
3,00,000 |
1,00,000 |
50.00 |
III. Total Revenue (I + II) |
42,00,000 |
53,00,000 |
11,00,000 |
26.19 |
IV. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
32,00,000 |
34,00,000 |
2,00,000 |
6.25 |
b. Changes in Inventory of Stock-in-Trade |
(2,00,000) |
1,00,000 |
3,00,000 |
150.00 |
c. Employee Benefit Expenses |
1,00,000 |
1,00,000 |
â |
â |
d. Finance Cost |
50,000 |
45,000 |
(5,000) |
(10.00) |
e. Depreciation |
25,000 |
30,000 |
5,000 |
20.00 |
f. Other Expenses |
3,00,000 |
3,25,000 |
25,000 |
8.33 |
34,75,000 | 40,00,000 | 5,25,000 | 15.10 | |
Profit before Income Tax |
7,25,000 |
13,00,000 |
5,75,000 |
79.31 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
7,25,000 |
13,00,000 |
5,75,000 |
79.31 |
|
|
|
|
|
Page No 3.40:
Question 20:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
40,00,000 |
50,00,000 |
10,00,000 |
25.00 |
II. Other Income |
2,00,000 |
3,00,000 |
1,00,000 |
50.00 |
III. Total Revenue (I + II) |
42,00,000 |
53,00,000 |
11,00,000 |
26.19 |
IV. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
32,00,000 |
34,00,000 |
2,00,000 |
6.25 |
b. Changes in Inventory of Stock-in-Trade |
(2,00,000) |
1,00,000 |
3,00,000 |
150.00 |
c. Employee Benefit Expenses |
1,00,000 |
1,00,000 |
â |
â |
d. Finance Cost |
50,000 |
45,000 |
(5,000) |
(10.00) |
e. Depreciation |
25,000 |
30,000 |
5,000 |
20.00 |
f. Other Expenses |
3,00,000 |
3,25,000 |
25,000 |
8.33 |
34,75,000 | 40,00,000 | 5,25,000 | 15.10 | |
Profit before Income Tax |
7,25,000 |
13,00,000 |
5,75,000 |
79.31 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
7,25,000 |
13,00,000 |
5,75,000 |
79.31 |
|
|
|
|
|
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from operations |
25,00,000 |
37,50,000 |
12,50,000 |
50.00 |
II. Other Income |
5,00,000 |
4,50,000 |
(50,000) |
(10.00) |
III. Total Revenue (I + II) |
30,00,000 |
42,00,000 |
12,00,000 |
40.00 |
IV. Expenses |
|
|
|
|
a. Cost of Materials Consumed |
12,50,000 |
22,50,000 |
10,00,000 |
80.00 |
b. Other Expenses |
2,50,000 |
3,75,000 |
1,25,000 |
50.00 |
15,00,000 | 26,25,000 | 11,25,000 | 75.00 | |
Profit before Income Tax |
15,00,000 |
15,75,000 |
75,000 |
5.00 |
Less: Income Tax @ 50% |
7,50,000 |
7,87,500 |
37,500 |
5.00 |
Profit after Income Tax |
7,50,000 |
7,87,500 |
37,500 |
5.00 |
|
|
|
|
|
Page No 3.40:
Question 21:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from operations |
25,00,000 |
37,50,000 |
12,50,000 |
50.00 |
II. Other Income |
5,00,000 |
4,50,000 |
(50,000) |
(10.00) |
III. Total Revenue (I + II) |
30,00,000 |
42,00,000 |
12,00,000 |
40.00 |
IV. Expenses |
|
|
|
|
a. Cost of Materials Consumed |
12,50,000 |
22,50,000 |
10,00,000 |
80.00 |
b. Other Expenses |
2,50,000 |
3,75,000 |
1,25,000 |
50.00 |
15,00,000 | 26,25,000 | 11,25,000 | 75.00 | |
Profit before Income Tax |
15,00,000 |
15,75,000 |
75,000 |
5.00 |
Less: Income Tax @ 50% |
7,50,000 |
7,87,500 |
37,500 |
5.00 |
Profit after Income Tax |
7,50,000 |
7,87,500 |
37,500 |
5.00 |
|
|
|
|
|
Answer:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
17,50,000 |
20,00,000 |
2,50,000 |
14.29 |
II. Other Income |
50,000 |
75,000 |
25,000 |
50.00 |
III. Total Revenue (I + II) |
18,00,000 |
20,75,000 |
2,75,000 |
15.28 |
IV. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
10,00,000 |
11,60,000 |
1,60,000 |
16.00 |
b. Changes in Inventory of Stock-in-Trade |
(25,000) |
10,000 |
35,000 |
140.00 |
c. Employee Benefit Expenses |
3,00,000 |
3,00,000 |
â |
â |
d. Depreciation |
50,000 |
50,000 |
â |
â |
e. Other Expenses |
75,000 |
90,000 |
15,000 |
20.00 |
14,00,000 | 16,10,000 | 2,10,000 | 15.00 | |
Profit before Income Tax |
4,00,000 |
4,65,000 |
65,000 |
16.25 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
4,00,000 |
4,65,000 |
65,000 |
16.25 |
|
|
|
|
|
Page No 3.40:
Question 22:
Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
17,50,000 |
20,00,000 |
2,50,000 |
14.29 |
II. Other Income |
50,000 |
75,000 |
25,000 |
50.00 |
III. Total Revenue (I + II) |
18,00,000 |
20,75,000 |
2,75,000 |
15.28 |
IV. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
10,00,000 |
11,60,000 |
1,60,000 |
16.00 |
b. Changes in Inventory of Stock-in-Trade |
(25,000) |
10,000 |
35,000 |
140.00 |
c. Employee Benefit Expenses |
3,00,000 |
3,00,000 |
â |
â |
d. Depreciation |
50,000 |
50,000 |
â |
â |
e. Other Expenses |
75,000 |
90,000 |
15,000 |
20.00 |
14,00,000 | 16,10,000 | 2,10,000 | 15.00 | |
Profit before Income Tax |
4,00,000 |
4,65,000 |
65,000 |
16.25 |
Less: Income Tax |
â |
â |
â |
â |
Profit after Income Tax |
4,00,000 |
4,65,000 |
65,000 |
16.25 |
|
|
|
|
|
Answer:
In the Books of Shyam Ltd. Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
17,50,000 |
20,00,000 |
2,50,000 |
14.28 |
II. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
8,25,000 |
10,00,000 |
1,75,000 |
21.21 |
b. Changes in Inventory of Stock-in-Trade |
1,50,000 |
1,70,000 |
20,000 |
13.33 |
c. Expenses |
7,700 |
11,500 |
3,800 |
49.35 |
Profit before Income Tax |
7,67,300 |
8,18,500 |
51,200 |
6.67 |
Less: Income Tax @ 40% |
3,06,920 |
3,27,400 |
20,480 |
6.67 |
Profit after Income Tax |
4,60,380 |
4,91,100 |
30,720 |
6.67 |
|
|
|
|
|
Page No 3.41:
Question 23:
In the Books of Shyam Ltd. Comparative Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
March 31, 2013 (Rs) |
March 31, 2014 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations |
17,50,000 |
20,00,000 |
2,50,000 |
14.28 |
II. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
8,25,000 |
10,00,000 |
1,75,000 |
21.21 |
b. Changes in Inventory of Stock-in-Trade |
1,50,000 |
1,70,000 |
20,000 |
13.33 |
c. Expenses |
7,700 |
11,500 |
3,800 |
49.35 |
Profit before Income Tax |
7,67,300 |
8,18,500 |
51,200 |
6.67 |
Less: Income Tax @ 40% |
3,06,920 |
3,27,400 |
20,480 |
6.67 |
Profit after Income Tax |
4,60,380 |
4,91,100 |
30,720 |
6.67 |
|
|
|
|
|
Answer:
Comparative Income Statement of Advance Marketing Ltd. for the year ended March 31, 2013 and 2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations | 30,00,000 | 25,00,000 | 5,00,000 | 20.00 |
II. Other Income | 40,000 | 40,000 | â | â |
III. Total Revenue (I + II) | 30,40,000 | 25,40,000 | 5,00,000 | 19.69 |
IV. Expenses | ||||
|
18,00,000 | 15,00,000 | 3,00,000 | 20.00 |
|
(15,000) | 10,000 | (25,000) | (250.00) |
|
2,40,000 | 2,40,000 | â | â |
|
90,000 | 70,000 | 20,000 | 28.57 |
|
22,500 | 25,000 | (2,500) | (10.00) |
|
2,42,000 | 2,16,000 | 26,000 | 12.04 |
Total Expenses | 23,79,500 | 20,61,000 | 3,18,500 | 15.55 |
Profit before Tax (IâII) | 6,60,500 | 4,79,000 | 1,81,500 | 37.89 |
Less: Provision for Tax | 60,000 | 50,000 | 10,000 | 20.00 |
Profit After Tax | 6,00,500 | 4,29,000 | 1,71,500 | 39.98 |
*Provision for Tax given in the Other Expenses (in Notes to Accounts) is separately deducted from the Profit before tax and is not included in such other expenses.
Items | 2014 (Rs) | 2013 (Rs) |
Other Expenses: | ||
Power and Fuel | 40,000 | 36,000 |
Carriage Outwards | 9,500 | 7,500 |
License Fee | 2,500 | 2,500 |
Selling and Distribution expenses | 1,90,000 | 1,70,000 |
Total | 2,42,000 | 2,16,000 |
Page No 3.41:
Question 24:
Comparative Income Statement of Advance Marketing Ltd. for the year ended March 31, 2013 and 2014 |
||||
Particulars | 2014 (Rs) |
2013 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
I. Revenue from Operations | 30,00,000 | 25,00,000 | 5,00,000 | 20.00 |
II. Other Income | 40,000 | 40,000 | â | â |
III. Total Revenue (I + II) | 30,40,000 | 25,40,000 | 5,00,000 | 19.69 |
IV. Expenses | ||||
|
18,00,000 | 15,00,000 | 3,00,000 | 20.00 |
|
(15,000) | 10,000 | (25,000) | (250.00) |
|
2,40,000 | 2,40,000 | â | â |
|
90,000 | 70,000 | 20,000 | 28.57 |
|
22,500 | 25,000 | (2,500) | (10.00) |
|
2,42,000 | 2,16,000 | 26,000 | 12.04 |
Total Expenses | 23,79,500 | 20,61,000 | 3,18,500 | 15.55 |
Profit before Tax (IâII) | 6,60,500 | 4,79,000 | 1,81,500 | 37.89 |
Less: Provision for Tax | 60,000 | 50,000 | 10,000 | 20.00 |
Profit After Tax | 6,00,500 | 4,29,000 | 1,71,500 | 39.98 |
*Provision for Tax given in the Other Expenses (in Notes to Accounts) is separately deducted from the Profit before tax and is not included in such other expenses.
Items | 2014 (Rs) | 2013 (Rs) |
Other Expenses: | ||
Power and Fuel | 40,000 | 36,000 |
Carriage Outwards | 9,500 | 7,500 |
License Fee | 2,500 | 2,500 |
Selling and Distribution expenses | 1,90,000 | 1,70,000 |
Total | 2,42,000 | 2,16,000 |
Answer:
Common Size Income Statement for the year ended March 31, 2014 |
||
Particulars |
Absolute Amount (Rs) |
Percentage of Revenue of Revenue from Operations (%) |
I. Revenue from Operations |
15,00,000 |
100.00 |
II. Other Incomes |
60,000 |
4.00 |
Total Revenue (I +II) |
15,60,000 |
104.00 |
IV. Expenses |
|
|
a. Purchases of Stock-in-Trade |
7,50,000 |
50.00 |
b. Change in Inventories of Stock-in-Trade |
50,000 |
3.33 |
c. Other Expenses |
2,10,000 |
14.00 |
Profit before Income Tax |
5,50,000 |
36.67 |
Less: Income Tax |
– |
– |
Profit after Income Tax |
5,50,000 |
36.67 |
|
|
|
Page No 3.42:
Question 25:
Common Size Income Statement for the year ended March 31, 2014 |
||
Particulars |
Absolute Amount (Rs) |
Percentage of Revenue of Revenue from Operations (%) |
I. Revenue from Operations |
15,00,000 |
100.00 |
II. Other Incomes |
60,000 |
4.00 |
Total Revenue (I +II) |
15,60,000 |
104.00 |
IV. Expenses |
|
|
a. Purchases of Stock-in-Trade |
7,50,000 |
50.00 |
b. Change in Inventories of Stock-in-Trade |
50,000 |
3.33 |
c. Other Expenses |
2,10,000 |
14.00 |
Profit before Income Tax |
5,50,000 |
36.67 |
Less: Income Tax |
– |
– |
Profit after Income Tax |
5,50,000 |
36.67 |
|
|
|
Answer:
Common Size Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
Absolute Amount (Rs) |
Percentage of Revenue (%) |
||
2013 |
2014 |
2013 |
2014 |
|
I. Revenue from Operations |
15,00,000 |
18,01,000 |
100 |
100 |
II. Other Incomes |
15,000 |
20,000 |
1 |
1.11 |
Total Revenues (I + II) |
15,15,000 |
18,21,000 |
101 |
101.11 |
IV. Expenses |
|
|
|
|
a. Purchase of Stock-in-Trade |
9,00,000 |
10,22,500 |
60.00 | 56.77 |
b. Change in Inventories of Stock-in-Trade |
10,000 |
(10,000) |
0.67 | (0.55) |
c. Employees Benefit Expenses |
3,00,000 |
3,30,000 |
20.00 | 18.32 |
d. Other Expenses |
1,70,000 |
2,00,000 |
11.33 | 11.10 |
13,80,000 | 15,42,500 | 92 | 85.65 | |
Profit before Income Tax |
1,35,000 |
2,78,500 |
9.00 | 15.46 |
Less: Income Tax |
â |
â |
- | - |
Profit after Income Tax |
1,35,000 |
2,78,500 |
9.00 | 15.46 |
|
|
|
|
|
Page No 3.42:
Question 26:
Common Size Income Statement for the year ended March 31, 2013 and 2014 |
||||
Particulars |
Absolute Amount (Rs) |
Percentage of Revenue (%) |
||
2013 |
2014 |
2013 |
2014 |
|
I. Revenue from Operations |
15,00,000 |
18,01,000 |
100 |
100 |
II. Other Incomes |
15,000 |
20,000 |
1 |
1.11 |
Total Revenues (I + II) |
15,15,000 |
18,21,000 |
101 |
101.11 |
IV. Expenses |
|
|
|
|
a. Purchase of Stock-in-Trade |
9,00,000 |
10,22,500 |
60.00 | 56.77 |
b. Change in Inventories of Stock-in-Trade |
10,000 |
(10,000) |
0.67 | (0.55) |
c. Employees Benefit Expenses |
3,00,000 |
3,30,000 |
20.00 | 18.32 |
d. Other Expenses |
1,70,000 |
2,00,000 |
11.33 | 11.10 |
13,80,000 | 15,42,500 | 92 | 85.65 | |
Profit before Income Tax |
1,35,000 |
2,78,500 |
9.00 | 15.46 |
Less: Income Tax |
â |
â |
- | - |
Profit after Income Tax |
1,35,000 |
2,78,500 |
9.00 | 15.46 |
|
|
|
|
|
Answer:
Common Size Income Statement for the year ended….. |
||||
Particulars |
Absolute Amount (Rs) |
Percentage of Revenue (%) |
||
Year 1 |
Year II |
Year 1 |
Year II |
|
I. Revenue from Operations |
14,00,000 |
16,00,000 |
100.00 |
100.00 |
II. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
9,00,000 |
10,00,000 |
64.28 |
62.5 |
b. Change in Inventories of Stock-in-Trade |
1,00,000 |
1,80,000 |
7.14 |
11.25 |
c. Finance Cost |
80,000 |
80,000 |
5.71 |
5.00 |
d. Other Expenses |
90,000 |
1,30,000 |
6.42 |
8.12 |
Profit before Income Tax |
2,30,000 |
2,10,000 |
16.42 |
13.13 |
Less: Income Tax |
40,000 |
36,000 |
2.85 |
2.25 |
Profit after Income Tax |
1,90,000 |
1,74,000 |
13.57 |
10.88 |
|
|
|
|
|
Page No 3.43:
Question 27:
Common Size Income Statement for the year ended….. |
||||
Particulars |
Absolute Amount (Rs) |
Percentage of Revenue (%) |
||
Year 1 |
Year II |
Year 1 |
Year II |
|
I. Revenue from Operations |
14,00,000 |
16,00,000 |
100.00 |
100.00 |
II. Expenses |
|
|
|
|
a. Purchases of Stock-in-Trade |
9,00,000 |
10,00,000 |
64.28 |
62.5 |
b. Change in Inventories of Stock-in-Trade |
1,00,000 |
1,80,000 |
7.14 |
11.25 |
c. Finance Cost |
80,000 |
80,000 |
5.71 |
5.00 |
d. Other Expenses |
90,000 |
1,30,000 |
6.42 |
8.12 |
Profit before Income Tax |
2,30,000 |
2,10,000 |
16.42 |
13.13 |
Less: Income Tax |
40,000 |
36,000 |
2.85 |
2.25 |
Profit after Income Tax |
1,90,000 |
1,74,000 |
13.57 |
10.88 |
|
|
|
|
|
Answer:
Common Size Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
Absolute Amount (Rs) |
Percentage of Balance Sheet Total (%) |
||
March 31, 2013 |
March 31, 2014 |
March 31, 2013 |
March 31, 2014 |
|
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Share Capital |
|
|
|
|
i) Equity Share Capital |
8,00,000 |
6,00,000 |
42.11 |
42.55 |
ii) Preference Share Capital |
4,00,000 |
2,00,000 |
21.05 |
14.18 |
b. Reserves and Surplus |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-Term Borrowings |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
3. Current Liabilities |
|
|
|
|
a. Short-Term Borrowings |
1,50,000 |
90,000 |
7.89 |
6.38 |
b. Trade Payables |
1,25,000 |
1,00,000 |
6.58 |
7.09 |
c. Short-Term Provisions |
25,000 |
20,000 |
1.31 |
1.42 |
Total |
19,00,000 |
14,10,000 |
100.00 |
100.00 |
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets |
|
|
|
|
i) Tangible |
8,00,000 |
6,00,000 |
42.10 |
42.55 |
ii) Intangible |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
10,00,000 | 8,00,000 | 52.63 | 56.73 | |
b. Non-Current Investments |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
2. Current Assets |
|
|
|
|
a. Inventories |
2,50,000 |
1,75,000 |
13.16 |
12.41 |
b. Trade Receivables |
2,75,000 |
1,45,000 |
14.47 |
10.28 |
c. Cash and Cash Equivalents |
1,75,000 |
90,000 |
9.21 |
6.38 |
7,00,000 | 4,10,000 | 36.84 | 29.08 | |
Total |
19,00,000 |
14,10,000 |
100.00 |
100.00 |
|
|
|
|
|
Note: Answer in the text book is given only upto one decimal place.
Page No 3.44:
Question 28:
Common Size Balance Sheet as at March 31, 2013 and 2014 |
||||
Particulars |
Absolute Amount (Rs) |
Percentage of Balance Sheet Total (%) |
||
March 31, 2013 |
March 31, 2014 |
March 31, 2013 |
March 31, 2014 |
|
I. Equity and Liabilities |
|
|
|
|
1. Shareholdersâ Funds |
|
|
|
|
a. Share Capital |
|
|
|
|
i) Equity Share Capital |
8,00,000 |
6,00,000 |
42.11 |
42.55 |
ii) Preference Share Capital |
4,00,000 |
2,00,000 |
21.05 |
14.18 |
b. Reserves and Surplus |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
2. Non-Current Liabilities |
|
|
|
|
a. Long-Term Borrowings |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
3. Current Liabilities |
|
|
|
|
a. Short-Term Borrowings |
1,50,000 |
90,000 |
7.89 |
6.38 |
b. Trade Payables |
1,25,000 |
1,00,000 |
6.58 |
7.09 |
c. Short-Term Provisions |
25,000 |
20,000 |
1.31 |
1.42 |
Total |
19,00,000 |
14,10,000 |
100.00 |
100.00 |
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets |
|
|
|
|
i) Tangible |
8,00,000 |
6,00,000 |
42.10 |
42.55 |
ii) Intangible |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
10,00,000 | 8,00,000 | 52.63 | 56.73 | |
b. Non-Current Investments |
2,00,000 |
2,00,000 |
10.53 |
14.18 |
2. Current Assets |
|
|
|
|
a. Inventories |
2,50,000 |
1,75,000 |
13.16 |
12.41 |
b. Trade Receivables |
2,75,000 |
1,45,000 |
14.47 |
10.28 |
c. Cash and Cash Equivalents |
1,75,000 |
90,000 |
9.21 |
6.38 |
7,00,000 | 4,10,000 | 36.84 | 29.08 | |
Total |
19,00,000 |
14,10,000 |
100.00 |
100.00 |
|
|
|
|
|
Note: Answer in the text book is given only upto one decimal place.
Answer:
Common Size Balance Sheet as at March 31, 2013 |
||||
Particulars |
Absolute Amount (Rs) |
Percentage of Balance Sheet Total (%) |
||
X Ltd. |
Y Ltd. |
X Ltd. |
Y Ltd. |
|
I. Equity and Liabilities |
|
|
|
|
1. Shareholders’ Funds |
|
|
|
|
a. Share Capital |
9,00,000 |
12,00,000 |
60.00 |
66.67 |
b. Reserve and Surplus |
4,00,000 |
3,50,000 |
26.67 |
19.44 |
2. Current Liabilities |
|
|
|
|
a. Trade Payables |
2,00,000 |
2,50,000 |
13.33 |
13.89 |
Total |
15,00,000 |
18,00,000 |
100.00 |
100.00 |
II. Assets |
|
|
|
|
1. Non-Current Assets |
|
|
|
|
a. Fixed Assets |
10,00,000 |
16,00,000 |
66.67 |
88.89 |
2. Current Assets |
|
|
|
|
a. Trade Receivables |
5,00,000 |
2,00,000 |
33.33 |
11.11 |
Total |
15,00,000 |
18,00,000 |
100.00 |
100.00 |
|
|
|
|
|
Comments:
1. Y Ltd. has a greater share of Capital in the total sources of funds i.e. 66.67% in comparison to 60% of X Ltd.
2. X Ltd. retains 26.67% of their earnings as a part of Reserves and Surplus. Whereas, Y Ltd. retains only 19.44% of their earnings.
3. Y Ltd. has invested major portion of its funds on acquiring the Fixed Assets as these are 88.89% of the total application of funds in comparison to 66.67% of X Ltd. On the other hand, X Ltd. emphasises more on Current Assets as these are 33.33% of the total applications of funds in comparison to 11.11% of Y Ltd.
View NCERT Solutions for all chapters of Class 15