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#### Question 1:

From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.:

 Particulars NoteNo. 31st March, 2019(â‚¹) 31st March, 2018(â‚¹) I. EQUITY AND LIABILITIES 1. Shareholder's Funds (a) Share Capital 3,50,000 3,00,000 2. Non-Current Liabilities Long-term Borrowings 1,00,000 2,00,000 3. Current Liabilities : Trade Payables 1,50,000 1,00,000 Total 6,00,000 6,00,000 II. ASSETS 1. Non-Current Assets Fixed Assets (Tangible) 4,00,000 3,00,000 2. Current Assets Trade Receivables 2,00,000 3,00,000 Total 6,00,000 6,00,000

 In the books of Sun Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) Absolute Change (â‚¹) 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 – –

#### Question 2:

Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019:

 Particulars Note No. 31st March, 2019, (â‚¹) 31st March, 2018, (â‚¹) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital 15,00,000 10,00,000 (b) Reserves and Surplus 10,00,000 10,00,000 2. Non-Current Liabilities Long-term Borrowings 8,00,000 2,00,000 3. Current Liabilities (a) Trade Payables 5,00,000 3,00,000 Total 38,00,000 25,00,000 II. ASSETS 1. Non-Current Assets Fixed Assets: (i) Tangible Assets 25,00,000 15,00,000 (ii) Intangible Assets 5,00,000 5,00,000 2. Current Assets (a) Trade Receivables 6,00,000 3,50,000 (b) Cash and Cash Equivalents 2,00,000 1,50,000 Total 38,00,000 25,00,000

You are required to prepare Comparative  Balance Sheet on the basis of the information given in the above Balance Sheet.

 In the books of Radha Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) Absolute Change (â‚¹) Percentage Change (%) I. Equity and Liabilities 1. Shareholders’ 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 – – Shareholders’ 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

#### Question 3:

Balance Sheet of Blue Bell Ltd. as at 31st March, 2019 is given below:

 BALANCE SHEETas at 31st March, 2019 Particulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. EQUITY AND LIABILITIES 1. Shareholder's Funds (a) Share Capital 3,26,000 2,44,000 (b) Reserves and Surplus 1,00,000 1,00,000 2. Non-Current Liabilities Long-term Borrowings 6,96,000 4,38,000 3. Current Liabilities Trade Payables 2,98,000 78,000 Total 14,20,000 8,60,000 II. ASSETS 1. Non-Current Assets (a) Fixed Assets 5,68,000 4,30,000 (b) Non-Current Investments 6,000 4,000 2. Current Assets (a) Trade Receivables 6,46,000 3,76,000 (b) Cash and Cash Equivalents 2,00,000 50,000 Total 14,20,000 8,60,000

Prepare Comparative Balance Sheet showing percentage changes from 2018 to 2019.

 In the books of Blue Bell Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) Absolute Change (â‚¹) Percentage Change (%) I. Equity and Liabilities 1. Shareholders’ 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

#### Question 4:

Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2019:

 Particulars ulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital: (i) Equity Share Capital 4,00,000 4,00,000 (ii) Preference Share Capital 1,00,000 1,00,000 (b) Reserves and Surplus 1,20,000 1,10,000 2. Non-Current Liabilities (a) Long-term Borrowings 1. 4,50,000 4,50,000 (b) Long-term Provisions 50,000 1,00,000 3. Current Liabilities (a) Trade Payables (Creditors) 5,30,000 3,30,000 (b) Short-term Provisions 50,000 50,000 Total      Total Expenses 17,00,000 15,40,000 II. ASSETS 1. Non-Current Assets (a) Fixed Assets (Tangible) 9,90,000 10,40,000 (b) Non-Current Investments 1,00,000 1,00,000 2. Current Assets (a) Trade Receivables 5,00,000 3,00,000 (b) Cash and Cash Equivalents 2 1,10,000 1,00,000 Total 17,00,000 15,40,000

Notes to Accounts
 Particulars 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. Long-term Borrowings Bank Loan 3,50,000 4,50,000 8% Debentures 1,00,000 ... 4,50,000 4,50,000 2. Cash and Cash Equivalents Bank Balance 1,00,000 90,000 Cash in Hand 10,000 10,000 1,10,000 1,00,000

You are required to comment upon the changes in absolute figures from one period to another.

 In the books of Wye Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) Absolute Change (â‚¹) Comments I. Equity and Liabilities 1. Shareholders’ 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 Shareholders’ Fund 6,10,000 6,20,000 10,000 2. Non-Current Liabilities a. Long-term Borrowings Bank Loan 4,50,000 3,50,000 1,00,000 Decrease 8% Debentures - 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

#### Question 5:

From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

 Particulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. EQUITY AND LIABILITIES 1. Shareholder's Funds (a) Share Capital Equity Share Capital 10,00,000 5,00,000 (b) Reserves and Surplus 1,00,000 1,00,000 2. Non-Current Liabilities Long-term Borrowings 2,00,000 3,00,000 3. Current Liabilities Trade Payables 2,00,000 1,00,000 Total 15,00,000 10,00,000 II. ASSETS 1. Non-Current Assets (a) Fixed Assets: (i) Tangible Assets 8,00,000 4,00,000 (ii) Intangible Assets 2,00,000 2,00,000 (b) Non-Current Investments 2,00,000 2,00,000 2. Current Assets (a) Inventories 2,50,000 1,50,000 (b) Cash and Cash Equivalents 50,000 50,000 Total 15,00,000 10,00,000

 In the books of Royal Industries Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) Absolute Change (â‚¹) Percentage Change (%) I. Equity and Liabilities 1. Shareholders’ 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 – – Shareholders’ 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 4,00,000 100.00 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

#### Question 6:

From the following Balance Sheet of Depth Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

 Particulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital 2,80,000 1,80,000 (b) Reserves and Surplus 1,00,000 1,00,000 2. Non-Current Liabilities Long-term Borrowings 80,000 20,000 3. Current Liabilities Trade Payables 50,000 30,000 Total 5,10,000 3,30,000 II. ASSETS 1. Non-Current Assets (a) Fixed Assets: (i) Tangible Assets 2,80,000 1,80,000 (ii) Intangible Assets 50,000 30,000 (b) Non-Current Investments 80,000 50,000 2. Current Assets (a) Inventories 70,000 30,000 (b) Cash and Cash Equivalents 30,000 40,000 Total 5,10,000 3,30,000

 Comparative Balance Sheet of Depth Ltd.as at March 31, 2017  and March 31, 2018 Particulars 2018 (Rs) 2017 (Rs) Absolute Change (Rs) Percentage Change (%) I. Equity and Liabilities 1. Shareholders’ Funds a. Share Capital 2,80,000 1,80,000 1,00,000 55.56 b. Reserve and Surplus 1,00,000 1,00,000 – – Total 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 a. Fixed Assets i. Tangible Assets 2,80,000 1,80,000 1,00,000 55.56 ii. Intangible Assets 50,000 30,000 20,000 66.67 b. Non-Current Investments 80,000 50,000 30,000 60.00 Total 4,10,000 2,60,000 1,50,000 57.69 2. Current Assets a. Inventories 70,000 30,000 40,000 133.33 b. Cash and Cash Equivalents 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

#### Question 7:

From the following Balance Sheet of H.P. Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

 Particulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital: (i) Equity Share Capital 12,50,000 5,00,000 (ii) Preference Share Capital 2,50,000 2,50,000 (b) Reserves and Surplus 3,00,000 4,50,000 2. Non-Current Liabilities Long-term Borrowings: 12% Debentures 9,50,000 5,50,000 Loan from Directors 2,50,000 2,00,000 3. Current Liabilities (a)Short-term Borrowings 3,50,000 1,75,000 (b) Trade Payables 2,00,000 1,00,000 (c) Short-term Provisions 50,000 25,000 Total 36,00,000 22,50,000 II. ASSETS 1. Non-Current Assets (a) Fixed Assets (Tangible) 22,50,000 15,00,000 2. Current Assets (a) Inventories 4,50,000 2,50,000 (b) Trade Receivables 8,00,000 4,50,000 (c) Cash and Cash Equivalents 1,00,000 50,000 Total 36,00,000 22,50,000

 Comparative Balance Sheet of H.P. Ltd. as at March 31, 2018  and March 31, 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) AbsoluteChange (â‚¹) PercentageChange(%) I. Equity and Liabilities 1. Shareholders’ Funds a. Share Capital 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 – – Total 15,00,000 7,50,000 7,50,000 100.00 b. Reserve and Surplus 3,00,000 4,50,000 (1,50,000) (33.33) 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 a. Short-Term Borrowings 3,50,000 1,75,000 1,75,000 100.0 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 a. Inventories 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

#### Question 8:

Following information is extracted from the Statement of Profit and Loss of Gold Coin Ltd. for the year ended 31st March, 2015:

 Particulars 31st March, 2015 31st March, 2014 Revenue from Operations â‚¹ 60,00,000 â‚¹ 45,00,000 Employee Benefit Expenses â‚¹ 30,00,000 â‚¹ 22,50,000 Depreciation â‚¹ 7,50,000 â‚¹ 6,00,000 Other Expenses â‚¹ 15,50,000 â‚¹ 10,00,000 Tax Rate 30% 30%

 Comparative Income Statement for the year ended March 31, 2014 and 2015 Particulars 2014 (Rs) 2015 (Rs) Absolute Change (Rs) Percentage Change (%) I. Revenue from Operations 45,00,000 60,00,000 15,00,000 33.33 II. Expenses a. Depreciation 6,00,000 7,50,000 1,50,000 25.0 b. Employees Benefit Expenses 22,50,000 30,00,000 7,50,000 33.33 c. Other Expenses 10,00,000 15,50,000 5,50,000 55.0 38,50,000 53,00,000 14,50,000 37.66 Profit before Income Tax 6,50,000 7,00,000 50,000 7.69 Less: Income Tax 1,95,000 2,10,000 15,000 7.69 Profit after Income Tax 4,55,000 4,90,000 35,000 7.69

#### Question 9:

Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:

 Particulars ulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. Income Revenue from Operations (Net Sales) 3,50,000 3,00,000 II. Expenses Purchases of Stock-in-Trade 2,10,000 1,80,000 Change in Inventories of Stock-in-Trade 15,000 20,000 Employees Benefits Expenses 17,500 15,000 Other Expenses 7,500 5,000 Total 2,50,000 2,20,000 III. Profit before Tax (I-II) 1,00,000 80,000 IV. Less: Tax 30,000 24,000 V. Profit after Tax (III-IV) 70,000 56,000

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars 2018(â‚¹) 2019(â‚¹) Absolute Change (â‚¹) 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

#### Question 10:

Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:

 Particulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. Income Revenue from Operations (Net Sales) 3,00,000 2,50,000 II. Expenses Cost of Materials Consumed 1,20,000 1,00,000 Changes in Inventories of WIP and Finished Goods (2,000) 5,000 Employees Benefits Expenses (Wages) 30,000 25,000 Other Expenses 22,000 20,000 Total 1,70,000 1,50,000 III. Net Profit (I-II) 1,30,000 1,00,000

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) Absolute Change (â‚¹) 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 – – – – Profit after Income Tax 1,00,000 1,30,000 30,000 30.00

#### Question 11:

From the following Information, prepare Comparative Statement of Profit and Loss:

 Particulars 31st March, 2019 31st March, 2018 Revenue from Operations â‚¹ 30,00,000 â‚¹ 20,00,000 Other Income (% of Revenue from Operations) 12% 20% Expenses (% of Operating Revenue) 70% 60% Tax Rate 40% 40%

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars March 31, 2018 (â‚¹) March 31, 2019 (â‚¹) Absolute Change (â‚¹) 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 2018 (â‚¹) 2019 (â‚¹) 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 2018 (â‚¹) 2019 (â‚¹) Revenue From Operations 20,00,000 30,00,000 % of Revenue From Operations 60% 70% Expenses 12,00,000 21,00,000

#### Question 12:

From the following information, prepare Comparative Statement of Profit and Loss showing increase, decrease and percentage:

 Particulars 31st March, 2019 31st March, 2018 Cost of Materials Consumed â‚¹ 13,44,000 â‚¹ 6,00,000 Revenue from Operations (% of Materials Consumed) 125% 200% Other Expenses (% of Operating Revenue) 10% 10% Tax Rate 50% 50%

 Comparative Income Statement for the year ended 31st March, 2018 and 2019 Particulars March 31, 2018 (â‚¹) March 31, 2019 (â‚¹) Absolute Change (â‚¹) 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 2018 (â‚¹) 2019 (â‚¹) 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 2018 (â‚¹) 2019 (â‚¹) Revenue From Operations 12,00,000 16,80,000 % of Operating Revenue 10% 10% Other Expenses 1,20,000 1,68,000

#### Question 13:

From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:

 Particulars ulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. Income Revenue from Operations (Net Sales)      Total Expenses 50,00,000 40,00,000 II. Expenses Purchases of Stock-in-Trade 34,00,000 28,50,000 Change in Inventories of Stock-in-Trade 1 1,00,000 1,50,000 Employees Benefits Expenses 1,00,000 1,00,000 Other Expenses 2 2,00,000 1,50,000 Total 38,00,000 32,50,000 III. Net Profit (I-II) 12,00,000 7,50,000

Notes to Accounts
 Particulars 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. Change in Inventory of stock-in-Trade Opening Inventory 2,00,000 3,50,000 Less: Closing Inventory 1,00,000 2,00,000 1,00,000 1,50,000 2. Other Expenses Administrative Expenses 50,000 50,000 Selling and Distribution Expenses 1,50,000 1,00,000 2,00,000 1,50,000

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars 2018 (â‚¹) 2019 (â‚¹) Absolute Change (â‚¹) 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 – – 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 – – – – Profit after Income Tax 7,50,000 12,00,000 4,50,000 60.00

#### Question 14:

Prepare Comparative Statement of Profit and Loss from the following information:

 Particulars 31st March, 2019 31st March, 2018 Revenue from Operations â‚¹ 37,50,000 â‚¹ 25,00,000 Other Income â‚¹ 4,50,000 â‚¹ 5,00,000 Cost of Materials Consumed â‚¹ 22,50,000 â‚¹ 12,50,000 Other Expenses â‚¹ 3,75,000 â‚¹ 2,50,000 Tax Rate 50% 50%

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars March 31, 2018 (â‚¹) March 31, 2019 (â‚¹) Absolute Change (â‚¹) 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

#### Question 15:

From the following Statement of Profit and Loss of Antriksh Ltd. for the year ended 31st March, 2012 and 2013, â€‹â€‹Prepare Comparative Statement of Profit and Loss:

 Particulars Note No. 31st March, 2013 (â‚¹) 31st March, 2012, (â‚¹) Revenue from Operations 14,00,000 8,00,000 Other Incomes 6,00,000 4,00,000 Expenses 17,00,000 11,00,000

Rate of Income Tax was 40%.

 Comparative Income Statement for the year ending March 31, 2012 and 2013 Particulars Note  No. 2012 (Rs) 2013 (Rs) Absolute  Change  (Rs) Percentage Change 1. Revenue from Operations 8,00,000 14,00,000 6,00,000 75 2. Other Income 4,00,000 6,00,000 2,00,000 50 3. Total Revenue (1 + 2) 12,00,000 20,00,000 8,00,000 66.67 4. Expenses a. Other Expenses 11,00,000 17,00,000 6,00,000 54.55 Total Expenses 11,00,000 17,00,000 6,00,000 54.55 5. Profit before Tax ( 3- 4) 1,00,000 3,00,000 2,00,000 200 Less: Income Tax (40%) 40,000 1,20,000 80,000 200 6. Profit After Tax 60,000 1,80,000 1,20,000 200

#### Question 16:

From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:

 Particulars ulars Note No. 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. Income Revenue from Operations (Net Sales) 20,00,000 17,50,000 Other Income 75,000 50,000 Total 20,75,000 18,00,000 II. Expenses Purchases of Stock-in-Trade 11,60,000 10,00,000 Change in Inventories of Stock-in-Trade 10,000 (25,000) Employees Benefits Expenses 1 3,00,000 3,00,000 Depreciation and Amortisation Expenses 50,000 50,000 Other Expenses 2 90,000 75,000 Total 16,10,000 14,00,000 III. Net Profit (I-II) 4,65,000 4,00,000

Notes to Accounts
 Particulars 31st March, 2019 (â‚¹) 31st March, 2018 (â‚¹) I. Employees Benefit Expenses Wages 3,00,000 3,00,000 2. Other Expenses Administrative and General Expenses 70,000 50,000 Miscellaneous Expenses 20,000 25,000 90,000 75,000

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars March 31, 2018 (â‚¹) March 31, 2019 (â‚¹) Absolute Change (â‚¹) 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 – – d. Depreciation 50,000 50,000 – – 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 – – – – Profit after Income Tax 4,00,000 4,65,000 65,000 16.25

#### Question 17:

From the following Statement of Profit and Loss of Star Ltd., for the year ended 31st March, 2015 and 2016, prepare a Common-size statement:

 Particulars Note No. 2015-16 2014-15 Revenue from Operations â‚¹ 25,00,000 â‚¹ 20,00,000 Employee Benefit Expenses â‚¹ 10,00,000 â‚¹ 7,00,000 Other Expenses â‚¹ 2,00,000 â‚¹ 3,00,000 Tax Rate 40% 40%