Analysis Of Financial Statements Ts Grewal 2019 Solutions for Class 12 Commerce Accountancy Chapter 3 Tools Of Financial Statement Analysis Comparative Statements And Common Size Statements are provided here with simple step-by-step explanations. These solutions for Tools Of Financial Statement Analysis Comparative Statements And Common Size Statements are extremely popular among class 12 Commerce students for Accountancy Tools Of Financial Statement Analysis Comparative Statements And Common Size Statements Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Analysis Of Financial Statements Ts Grewal 2019 Book of class 12 Commerce Accountancy Chapter 3 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Analysis Of Financial Statements Ts Grewal 2019 Solutions. All Analysis Of Financial Statements Ts Grewal 2019 Solutions for class 12 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 3.30:
Question 1:
From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.:
|
|
|||
| Particulars | Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| 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 | |
| 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 |
|
Answer:
|
In the books of Sun Ltd.
Comparative Balance Sheet
as at March 31, 2018 and 2019
|
||||
|
Particulars
|
2018
(₹)
|
2019
(₹)
|
Absolute
Change
(₹)
|
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 3.30:
Question 2:
Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019:
|
|
|||
|
Particulars |
Note No. |
31st March, 2019, (₹) |
31st March, 2018, (₹) |
|
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.
Answer:
|
In the books of Radha Ltd.
Comparative Balance Sheet
as at March 31, 2018 and 2019
|
||||
|
Particulars
|
2018
(₹)
|
2019
(₹)
|
Absolute
Change
(₹)
|
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 |
|
|
|
|
|
|
Page No 3.31:
Question 3:
Balance Sheet of Blue Bell Ltd. as at 31st March, 2019 is given below:
|
BALANCE SHEET |
|||
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
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.
Answer:
|
In the books of Blue Bell Ltd.
Comparative Balance Sheet
as at March 31, 2018 and 2019
|
||||
|
Particulars
|
2018
(₹)
|
2019
(₹) |
Absolute
Change
(₹)
|
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
|
|
|
|
|
|
|
Page No 3.32:
Question 4:
Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2019:
|
Particulars |
Note No. |
31st March, (₹) |
31st March, (₹) |
| 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
|
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, (₹) |
31st March, (₹) |
| 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.
Answer:
|
In the books of Wye Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019 |
||||
|
Particulars |
2018 (₹) |
2019 (₹) |
Absolute Change (₹) |
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 |
|
|
|
|
|
|
|
Page No 3.33:
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 (₹) |
31st March, 2018 (₹) |
| 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 |
|
Answer:
|
In the books of Royal Industries Ltd. Comparative Balance Sheet as at March 31, 2018 and 2019 |
||||
|
Particulars |
2018 (₹) |
2019 (₹) |
Absolute Change (₹) |
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 |
|
|
|
|
|
|
Page No 3.33:
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 (₹) |
31st March, 2018 (₹) |
|
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 |
|
Answer:
|
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
|
|
|
|
|
|
|
Page No 3.34:
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 (₹) |
31st March, 2018 (₹) |
|
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 |
|
Answer:
|
Comparative Balance Sheet of H.P. Ltd. as at March 31, 2018 and March 31, 2019 |
||||
|
Particulars |
2018 |
2019 |
Absolute |
Percentage |
|
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 |
|
|
|
|
|
|
Page No 3.34:
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 |
₹ 60,00,000 |
₹ 45,00,000 |
|
Employee Benefit Expenses |
₹ 30,00,000 |
₹ 22,50,000 |
|
Depreciation |
₹ 7,50,000 |
₹ 6,00,000 |
|
Other Expenses |
₹ 15,50,000 |
₹ 10,00,000 |
|
Tax Rate |
30% |
30% |
Answer:
|
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 |
|
|
|
|
|
|
Page No 3.35:
Question 9:
Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| 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 | |
Answer:
|
Comparative Income Statement for the year ended March 31, 2018 and 2019 |
||||
|
Particulars |
2018 |
2019 |
Absolute Change (₹) |
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 3.35:
Question 10:
Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
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 |
Answer:
|
Comparative Income Statement for the year ended March 31, 2018 and 2019 |
||||
|
Particulars |
2018 (₹) |
2019 (₹) |
Absolute Change (₹) |
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 |
|
|
|
|
|
|
Page No 3.36:
Question 11:
From the following Information, prepare Comparative Statement of Profit and Loss:
|
Particulars |
31st March, 2019 |
31st March, 2018 |
||
|
Revenue from Operations |
₹ 30,00,000 |
₹ 20,00,000 |
||
|
Other Income (% of Revenue from Operations) |
12% |
20% |
||
| Expenses (% of Operating Revenue) |
70% |
60% |
||
| Tax Rate |
40% |
40% |
||
Answer:
|
Comparative Income Statement
for the year ended March 31, 2018 and 2019
|
||||
|
Particulars
|
March 31, 2018
(₹)
|
March 31, 2019
(₹)
|
Absolute
Change
(₹)
|
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
|
|
|
|
|
|
|
|
Particulars
|
2018
(₹)
|
2019
(₹)
|
|
Revenue From Operations
|
20,00,000
|
30,00,000
|
|
% of Revenue From Operations
|
20%
|
12%
|
|
Other Income
|
4,00,000
|
3,60,000
|
|
Particulars
|
2018
(₹)
|
2019
(₹)
|
|
Revenue From Operations
|
20,00,000
|
30,00,000
|
|
% of Revenue From Operations
|
60%
|
70%
|
|
Expenses
|
12,00,000
|
21,00,000
|
Page No 3.36:
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 | ₹ 13,44,000 |
₹ 6,00,000 |
||
| Revenue from Operations (% of Materials Consumed) | 125% |
200% |
||
| Other Expenses (% of Operating Revenue) | 10% | 10% | ||
| Tax Rate | 50% | 50% | ||
Answer:
|
Comparative Income Statement
for the year ended 31st March, 2018 and 2019
|
||||
|
Particulars
|
March 31, 2018
(₹)
|
March 31, 2019
(₹)
|
Absolute
Change
(₹)
|
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:
|
Particulars
|
2018
(₹)
|
2019
(₹)
|
|
Cost of Materials Consumed
|
6,00,000
|
13,44,000
|
|
% of Materials Consumed
|
200%
|
125%
|
|
Revenue from Operations
|
12,00,000
|
16,80,000
|
|
Particulars
|
2018
(₹)
|
2019
(₹)
|
|
Revenue From Operations
|
12,00,000
|
16,80,000
|
|
% of Operating Revenue
|
10%
|
10%
|
|
Other Expenses
|
1,20,000
|
1,68,000
|
Page No 3.36:
Question 13:
From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Income | |||
|
Revenue from Operations (Net Sales)
|
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 (₹) |
31st March, 2018 (₹) |
| 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 | |
Answer:
|
Comparative Income Statement for the year ended March 31, 2018 and 2019 |
||||
|
Particulars |
2018 (₹) |
2019 (₹) |
Absolute Change (₹) |
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 |
|
|
|
|
|
|
Page No 3.37:
Question 14:
Prepare Comparative Statement of Profit and Loss from the following information:
| Particulars | 31st March, 2019 |
31st March, 2018 | ||
| Revenue from Operations | ₹ 37,50,000 |
₹ 25,00,000 |
||
| Other Income | ₹ 4,50,000 |
₹ 5,00,000 |
||
| Cost of Materials Consumed | ₹ 22,50,000 | ₹ 12,50,000 | ||
| Other Expenses | ₹ 3,75,000 | ₹ 2,50,000 | ||
| Tax Rate | 50% | 50% | ||
Answer:
|
Comparative Income Statement for the year ended March 31, 2018 and 2019 |
||||
|
Particulars |
March 31, 2018 (₹) |
March 31, 2019 (₹) |
Absolute Change (₹) |
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 3.37:
Question 15:
From the following Statement of Profit and Loss of Antriksh Ltd. for the year ended 31st March, 2012 and 2013, ​​Prepare Comparative Statement of Profit and Loss:
|
|
|
||||
| Particulars | Note No. | 31st March, 2013 (₹) |
31st March, |
||
| 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%.
Answer:
|
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 |
|
|
|
|
|
|
|
|
|
Page No 3.37:
Question 16:
From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| 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 (₹) |
31st March, 2018 (₹) |
| 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 | |
Answer:
|
Comparative Income Statement for the year ended March 31, 2018 and 2019 |
||||
|
Particulars |
March 31, 2018 (₹) |
March 31, 2019 (₹) |
Absolute Change (₹) |
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 |
|
|
|
|
|
|
Page No 3.38:
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 | ₹ 25,00,000 | ₹ 20,00,000 | |||
| Employee Benefit Expenses | ₹ 10,00,000 | ₹ 7,00,000 | |||
| Other Expenses | ₹ 2,00,000 | ₹ 3,00,000 | |||
|
Tax Rate
|
40% |
40%
|
|||
Answer:
|
Common Size Statement of Profit and Loss
for the year ended March 31, 2015 and 2016
|
||||
|
Particulars
|
Absolute Amount
|
Percentage of Revenue from Operations
|
||
|
2014-15
(Rs)
|
2015-16
(Rs)
|
2014-15
(%)
|
2015-16
(%)
|
|
| I. Revenue from Operations |
20,00,000
|
25,00,000
|
100
|
100
|
| II. Other Income | ||||
| Total Revenue (I + II) |
20,00,000
|
25,00,000
|
100
|
100
|
| Less: Expenses: |
|
|
||
| Employees Benefit cost |
7,00,000
|
10,00,000
|
35
|
40
|
| Other Expenses |
3,00,000
|
2,00,000
|
15
|
8
|
| Profit before Tax |
10,00,000
|
13,00,000
|
50
|
52
|
| Less: Tax @ 40% |
4,00,000
|
5,20,000
|
20
|
20.80
|
| Profit after Tax |
6,00,000
|
7,80,000
|
30
|
31.20
|
Page No 3.38:
Question 18:
Prepare Common-size Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2018 (₹) |
| I. Income | ||
|
Revenue from Operations
|
15,00,000 | |
|
Other Income
|
60,000 |
|
|
Total Revenue
|
15,60,000 | |
| II. Expenses |
|
|
|
Purchases of Stock-in-Trade
|
7,50,000 | |
|
Change in Inventories of Stock-in-Trade
|
50,000 | |
|
Other Expenses
|
2,10,000 |
|
|
Total
|
10,10,000 |
|
| III. Net Profit before Tax (I-II) | 5,50,000 |
Answer:
|
Common Size Income Statement for the year ended March 31, 2018 |
||
|
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 3.39:
Question 19:
Prepare Common-size Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
Year I (₹) |
Year II (₹) |
| I. Income | |||
|
Revenue from Operations (Net Sales) |
14,00,000 |
16,00,000 |
|
| II. Expenses | |||
|
Purchases of Stock-in-Trade |
9,00,000 |
10,00,000 |
|
|
Change in Inventories of Stock-in-Trade |
1,00,000 |
1,80,000 |
|
|
Finance Costs |
80,000 |
80,000 |
|
|
Other Expenses |
90,000 |
1,30,000 |
|
|
Total |
11,70,000 |
13,90,000 |
|
| III. Net Profit (I-II) |
2,30,000 |
2,10,000 |
|
| IV. Less: Tax |
40,000 |
36,000 |
|
| V. Net Profit After Tax (III-IV) |
1,90,000 |
1,74,000 |
|
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 |
6.43 |
8.12 |
|
Profit before Income Tax |
2,30,000 |
2,10,000 |
16.43 |
13.13 |
|
Less: Income Tax |
40,000 |
36,000 |
2.84 |
2.25 |
|
Profit after Income Tax |
1,90,000 |
1,74,000 |
13.57 |
10.88 |
|
|
|
|
|
|
Page No 3.39:
Question 20:
Prepare Common-size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheet of Sun Ltd. and Star Ltd. as at 31st March, 2019 are:
|
Particulars |
Sun Ltd. (₹) |
Star Ltd. (₹) |
| I. EQUITY AND LIABILITIES | ||
|
1. Shareholders' Funds |
||
|
(a) Share Capital |
9,00,000 |
12,00,000 |
|
(b) Reserves and Surplus |
4,00,000 |
3,50,000 |
|
2. Current Liabilities |
|
|
|
Trade Payables (Creditors) |
2,00,000 |
2,50,000 |
|
Total |
15,00,000 |
18,00,000 |
| II. ASSETS | ||
|
1. Non-Current Assets |
||
|
Fixed Assets (Tangible) |
10,00,000 |
16,00,000 |
|
2. Current Assets |
|
|
|
Trade Receivables (Debtors) |
5,00,000 |
2,00,000 |
|
Total |
15,00,000 |
18,00,000 |
Answer:
|
Common Size Balance Sheet as at March 31, 2019 |
||||
|
Particulars |
Absolute Amount (Rs) |
Percentage of Balance Sheet Total (%) |
||
|
Sun Ltd. |
Star Ltd. |
Sun Ltd. |
Star 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. Star Ltd. has a greater share of Capital in the total sources of funds i.e. 66.67% in comparison to 60% of Sun Ltd.
2. Sun Ltd. retains 26.67% of their earnings as a part of Reserves and Surplus. Whereas, Star Ltd. retains only 19.44% of their earnings.
3. Star 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 Sun Ltd. On the other hand, Sun Ltd. emphasises more on Current Assets as these are 33.33% of the total applications of funds in comparison to 11.11% of Star Ltd.
View NCERT Solutions for all chapters of Class 15