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Page No 2.32:
Question 1:
Answer:
|
Sticon Ltd. |
|||||
|
Particulars |
Note No. |
2015 |
2016 |
Absolute Change |
Percentage Change |
|
I. Equity and Liabilities |
|
||||
|
1. Shareholders’ Funds |
|
||||
|
a. Share Capital |
|
8,00,000 |
10,00,000 |
2,00,000 |
25.00 |
|
b. Reserve and Surplus |
|
7,50,000 |
9,00,000 |
1,50,000 |
20.00 |
|
Shareholders’ Fund |
|
15,50,000 |
19,00,000 |
3,50,000 |
22.58 |
|
2. Non-Current Liabilities |
|
||||
|
a. Long-term Borrowings |
|
5,00,000 |
4,00,000 |
(1,00,000) |
(20.00) |
|
3. Current Liabilities |
|
||||
|
b. Trade Payables |
|
50,000 |
1,00,000 |
50,000 |
100.00 |
|
Total |
|
33,00,000 |
48,00,000 |
3,00,000 |
9.09 |
|
II. Assets |
|
||||
|
1. Non-Current Assets |
|
||||
|
Fixed Assets |
|
||||
|
a. Tangible Assets |
1 |
16,00,000 |
18,00,000 |
2,00,000 |
12.50 |
|
b. Intangible Assets |
2 |
2,00,000 |
2,00,000 |
|
|
|
2. Current Assets |
|
||||
|
a. Trade Receivables |
|
2,00,000 |
3,00,000 |
1,00,000 |
50.00 |
|
b. Cash and Cash Equivalents |
|
1,00,000 |
1,00,000 |
|
|
|
Total |
|
33,00,000 |
48,00,000 |
3,00,000 |
9.09 |
|
|
|||||
Notes to Accounts
|
Particulars |
2015 |
2016 |
Absolute Change |
Percentage Change |
|
1. Fixed Assets- Tangible |
||||
|
a. Land and Building |
10,00,000 |
10,00,000 |
|
|
|
b. Plant and Machinery |
6,00,000 |
8,00,000 |
2,00,000 |
33.33 |
|
Total |
16,00,000 |
18,00,000 |
2,00,000 |
12.50 |
|
2. Fixed Assets- Intangible |
||||
|
a. Patents |
2,00,000 |
2,00,000 |
|
|
|
Total |
2,00,000 |
2,00,000 |
|
|
Page No 2.32:
Question 2:
|
Sticon Ltd. |
|||||
|
Particulars |
Note No. |
2015 |
2016 |
Absolute Change |
Percentage Change |
|
I. Equity and Liabilities |
|
||||
|
1. Shareholders’ Funds |
|
||||
|
a. Share Capital |
|
8,00,000 |
10,00,000 |
2,00,000 |
25.00 |
|
b. Reserve and Surplus |
|
7,50,000 |
9,00,000 |
1,50,000 |
20.00 |
|
Shareholders’ Fund |
|
15,50,000 |
19,00,000 |
3,50,000 |
22.58 |
|
2. Non-Current Liabilities |
|
||||
|
a. Long-term Borrowings |
|
5,00,000 |
4,00,000 |
(1,00,000) |
(20.00) |
|
3. Current Liabilities |
|
||||
|
b. Trade Payables |
|
50,000 |
1,00,000 |
50,000 |
100.00 |
|
Total |
|
33,00,000 |
48,00,000 |
3,00,000 |
9.09 |
|
II. Assets |
|
||||
|
1. Non-Current Assets |
|
||||
|
Fixed Assets |
|
||||
|
a. Tangible Assets |
1 |
16,00,000 |
18,00,000 |
2,00,000 |
12.50 |
|
b. Intangible Assets |
2 |
2,00,000 |
2,00,000 |
|
|
|
2. Current Assets |
|
||||
|
a. Trade Receivables |
|
2,00,000 |
3,00,000 |
1,00,000 |
50.00 |
|
b. Cash and Cash Equivalents |
|
1,00,000 |
1,00,000 |
|
|
|
Total |
|
33,00,000 |
48,00,000 |
3,00,000 |
9.09 |
|
|
|||||
Notes to Accounts
|
Particulars |
2015 |
2016 |
Absolute Change |
Percentage Change |
|
1. Fixed Assets- Tangible |
||||
|
a. Land and Building |
10,00,000 |
10,00,000 |
|
|
|
b. Plant and Machinery |
6,00,000 |
8,00,000 |
2,00,000 |
33.33 |
|
Total |
16,00,000 |
18,00,000 |
2,00,000 |
12.50 |
|
2. Fixed Assets- Intangible |
||||
|
a. Patents |
2,00,000 |
2,00,000 |
|
|
|
Total |
2,00,000 |
2,00,000 |
|
|
Answer:
| Royal Industries Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
5,00,000 | 10,00,000 | 5,00,000 | 100 |
|
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
(10% debentures)
|
3,00,000 | 2,00,000 | (1,00,000) | (33.33) |
|
3. Current Liabilities
|
||||
|
a. Trade Payables
|
75,000 | 1,60,000 | 85,000 | 113.34 |
|
b. Short-Term Provisions
|
25,000 | 40,000 | 15,000 | 60 |
| Total | 10,00,000 | 15,00,000 | 5,00,000 | 50 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
5,00,000 | 9,00,000 | 4,00,000 | 80 |
|
b. Non Current Investments
|
3,00,000 | 3,00,000 | – | – |
|
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 | – | – |
| Total | 10,00,000 | 15,00,000 | 5,00,000 | 50 |
Page No 2.33:
Question 3:
| Royal Industries Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
5,00,000 | 10,00,000 | 5,00,000 | 100 |
|
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
(10% debentures)
|
3,00,000 | 2,00,000 | (1,00,000) | (33.33) |
|
3. Current Liabilities
|
||||
|
a. Trade Payables
|
75,000 | 1,60,000 | 85,000 | 113.34 |
|
b. Short-Term Provisions
|
25,000 | 40,000 | 15,000 | 60 |
| Total | 10,00,000 | 15,00,000 | 5,00,000 | 50 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
5,00,000 | 9,00,000 | 4,00,000 | 80 |
|
b. Non Current Investments
|
3,00,000 | 3,00,000 | – | – |
|
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 | – | – |
| Total | 10,00,000 | 15,00,000 | 5,00,000 | 50 |
Answer:
| Priya Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
15,00,000 | 20,00,000 | 5,00,000 | 33.33 |
|
b. Reserve and Surplus
|
8,00,000 | 8,00,000 | ||
|
Shareholders’ Fund
|
23,00,000 | 28,00,000 | 5,00,000 | 21.73 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings
|
4,00,000 | 10,00,000 | 6,00,000 | 150 |
|
3. Current Liabilities
|
||||
|
a. Short-term Borrowings (Bank Overdraft)
|
3,00,000 | 5,00,000 | 2,00,000 | 66.67 |
|
b. Trade Payables
|
2,00,000 | 4,00,000 | 2,00,000 | 100 |
|
c. Other Current Liabilities
|
75,000 | 60,000 | (15,000) | (20) |
|
d. Short-Term Provisions
|
25,000 | 40,000 | 15,000 | 60 |
| Total | 33,00,000 | 48,00,000 | 15,00,000 | 45.45 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
18,00,000 | 27,00,000 | 9,00,000 | 50 |
|
b. Non Current Investments
|
5,00,000 | 5,00,000 | ||
|
2. Current Assets
|
||||
|
a. Inventories
|
5,00,000 | 8,00,000 | 3,00,000 | 60 |
|
b. Trade Receivables
|
4,00,000 | 6,50,000 | 2,50,000 | 62.5 |
|
c. Cash and Cash Equivalents
|
1,00,000 | 1,50,000 | 50,000 | 50 |
| Total | 33,00,000 | 48,00,000 | 15,00,000 | 45.45 |
Page No 2.33:
Question 4:
| Priya Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
15,00,000 | 20,00,000 | 5,00,000 | 33.33 |
|
b. Reserve and Surplus
|
8,00,000 | 8,00,000 | ||
|
Shareholders’ Fund
|
23,00,000 | 28,00,000 | 5,00,000 | 21.73 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings
|
4,00,000 | 10,00,000 | 6,00,000 | 150 |
|
3. Current Liabilities
|
||||
|
a. Short-term Borrowings (Bank Overdraft)
|
3,00,000 | 5,00,000 | 2,00,000 | 66.67 |
|
b. Trade Payables
|
2,00,000 | 4,00,000 | 2,00,000 | 100 |
|
c. Other Current Liabilities
|
75,000 | 60,000 | (15,000) | (20) |
|
d. Short-Term Provisions
|
25,000 | 40,000 | 15,000 | 60 |
| Total | 33,00,000 | 48,00,000 | 15,00,000 | 45.45 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
18,00,000 | 27,00,000 | 9,00,000 | 50 |
|
b. Non Current Investments
|
5,00,000 | 5,00,000 | ||
|
2. Current Assets
|
||||
|
a. Inventories
|
5,00,000 | 8,00,000 | 3,00,000 | 60 |
|
b. Trade Receivables
|
4,00,000 | 6,50,000 | 2,50,000 | 62.5 |
|
c. Cash and Cash Equivalents
|
1,00,000 | 1,50,000 | 50,000 | 50 |
| Total | 33,00,000 | 48,00,000 | 15,00,000 | 45.45 |
Answer:
| Blue Bell Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
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
|
||||
|
a. Short-term Borrowings, Trade Payables, etc.
|
78,000 | 2,98,000 | 2,20,000 | 282.05 |
| Total | 8,60,000 | 14,20,000 | 5,60,000 | 65.11 |
| 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 |
|
2. Current Assets
|
||||
|
a. Inventories,Trade Receivables, Cash and Cash Equivalents, etc.
|
4,26,000 | 8,46,000 | 4,20,000 | 98.59 |
| Total | 8,60,000 | 14,20,000 | 5,60,000 | 65.11 |
Page No 2.34:
Question 5:
| Blue Bell Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
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
|
||||
|
a. Short-term Borrowings, Trade Payables, etc.
|
78,000 | 2,98,000 | 2,20,000 | 282.05 |
| Total | 8,60,000 | 14,20,000 | 5,60,000 | 65.11 |
| 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 |
|
2. Current Assets
|
||||
|
a. Inventories,Trade Receivables, Cash and Cash Equivalents, etc.
|
4,26,000 | 8,46,000 | 4,20,000 | 98.59 |
| Total | 8,60,000 | 14,20,000 | 5,60,000 | 65.11 |
Answer:
| Deepankur Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
7,50,000 | 9,00,000 | 1,50,000 | 20 |
|
b. Reserve and Surplus
|
2,85,000 | 3,30,000 | 45,000 | 15.79 |
|
Shareholders’ Fund
|
10,35,000 | 12,30,000 | 1,95,000 | 18.84 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings:
|
||||
|
12% Debentures, Secured
|
2,70,000 | 1,80,000 | (90,000) | (33.33) |
|
Unsecured Loans
|
1,80,000 | 1,20,000 | (60,000) | (33.33) |
|
3. Current Liabilities
|
||||
|
a..Trade Payables
|
3,75,000 | 4,20,000 | 45,000 | 12 |
| Total | 18,60,000 | 19,50,000 | 90,000 | 4.84 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
Fixed Assets
|
||||
|
(i) Tangible Assets
|
11,45,000 | 10,65,000 | (80,000) | (6.99) |
|
(ii) Intangible Assets
|
1,00,000 | 90,000 | (10,000) | (10) |
|
2. Current Assets
|
||||
|
a. Trade Receivables
|
4,50,000 | 6,10,000 | 1,60,000 | 35.56 |
|
b. Cash and Cash Equivalents
|
1,65,000 | 1,85,000 | 20,000 | 12.13 |
| Total | 18,60,000 | 19,50,000 | 90,000 | 4.84 |
Page No 2.34:
Question 6:
| Deepankur Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
7,50,000 | 9,00,000 | 1,50,000 | 20 |
|
b. Reserve and Surplus
|
2,85,000 | 3,30,000 | 45,000 | 15.79 |
|
Shareholders’ Fund
|
10,35,000 | 12,30,000 | 1,95,000 | 18.84 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings:
|
||||
|
12% Debentures, Secured
|
2,70,000 | 1,80,000 | (90,000) | (33.33) |
|
Unsecured Loans
|
1,80,000 | 1,20,000 | (60,000) | (33.33) |
|
3. Current Liabilities
|
||||
|
a..Trade Payables
|
3,75,000 | 4,20,000 | 45,000 | 12 |
| Total | 18,60,000 | 19,50,000 | 90,000 | 4.84 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
Fixed Assets
|
||||
|
(i) Tangible Assets
|
11,45,000 | 10,65,000 | (80,000) | (6.99) |
|
(ii) Intangible Assets
|
1,00,000 | 90,000 | (10,000) | (10) |
|
2. Current Assets
|
||||
|
a. Trade Receivables
|
4,50,000 | 6,10,000 | 1,60,000 | 35.56 |
|
b. Cash and Cash Equivalents
|
1,65,000 | 1,85,000 | 20,000 | 12.13 |
| Total | 18,60,000 | 19,50,000 | 90,000 | 4.84 |
Answer:
| Usha Chemicals Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
|||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
|
| I. Equity and Liabilities | |||||
|
1. Shareholders’ Funds
|
|||||
|
a. Share Capital
|
4,00,000 | 7,00,000 | 3,00,000 | 75 | |
|
b. Reserve and Surplus
|
6,00,000 | 5,00,000 | (1,00,000) | (16.67) | |
|
Shareholders’ Fund
|
10,00,000 | 12,00,000 | 2,00,000 | 20 | |
|
2. Non-Current Liabilities
|
|||||
|
Long-term Borrowings (12% Loan)
|
10,00,000 | 13,00,000 | 3,00,000 | 30 | |
|
3. Current Liabilities
|
|||||
|
a. Trade Payables
|
3,75,000 | 5,60,000 | 1,85,000 | 49.34 | |
|
b. Short-term Provisions
|
25,000 | 40,000 | 15,000 | 60 | |
| Total | 24,00,000 | 31,00,000 | 7,00,000 | 29.17 | |
| II. Assets | |||||
|
1. Non-Current Assets
|
|||||
| Fixed Assets (Tangible)
Less: Depreciation
|
|||||
| 31.03.2014 20,00,000 – 8,00,000 | 12,00,000 | ||||
| 31.03.2015 18,00,000 – 6,00,000 | 12,00,000 | – | |||
|
2. Current Assets
|
|||||
|
a. Trade Receivables
|
10,00,000 | 16,50,000 | 6,50,000 | 65 | |
|
b. Cash and Cash Equivalents
|
2,00,000 | 2,50,000 | 50,000 | 25 | |
| Total | 24,00,000 | 31,00,000 | 7,00,000 | 29.17 | |
Page No 2.35:
Question 7:
| Usha Chemicals Ltd. Comparative Balance Sheet as at March 2015 and 2016 |
|||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
|
| I. Equity and Liabilities | |||||
|
1. Shareholders’ Funds
|
|||||
|
a. Share Capital
|
4,00,000 | 7,00,000 | 3,00,000 | 75 | |
|
b. Reserve and Surplus
|
6,00,000 | 5,00,000 | (1,00,000) | (16.67) | |
|
Shareholders’ Fund
|
10,00,000 | 12,00,000 | 2,00,000 | 20 | |
|
2. Non-Current Liabilities
|
|||||
|
Long-term Borrowings (12% Loan)
|
10,00,000 | 13,00,000 | 3,00,000 | 30 | |
|
3. Current Liabilities
|
|||||
|
a. Trade Payables
|
3,75,000 | 5,60,000 | 1,85,000 | 49.34 | |
|
b. Short-term Provisions
|
25,000 | 40,000 | 15,000 | 60 | |
| Total | 24,00,000 | 31,00,000 | 7,00,000 | 29.17 | |
| II. Assets | |||||
|
1. Non-Current Assets
|
|||||
| Fixed Assets (Tangible)
Less: Depreciation
|
|||||
| 31.03.2014 20,00,000 – 8,00,000 | 12,00,000 | ||||
| 31.03.2015 18,00,000 – 6,00,000 | 12,00,000 | – | |||
|
2. Current Assets
|
|||||
|
a. Trade Receivables
|
10,00,000 | 16,50,000 | 6,50,000 | 65 | |
|
b. Cash and Cash Equivalents
|
2,00,000 | 2,50,000 | 50,000 | 25 | |
| Total | 24,00,000 | 31,00,000 | 7,00,000 | 29.17 | |
Answer:
|
Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
|
Particulars |
2015 |
2016 |
Absolute Change (Rs) |
Percentage Change |
|
I. Income |
||||
|
a. Revenue from Operations |
7,50,000 |
10,00,000 |
2,50,000 |
33.33 |
|
b. Other Income |
|
|
|
|
|
Total Revenue (a + b) |
7,50,000 |
10,00,000 |
2,50,000 |
33.33 |
|
II. Expenses |
||||
|
a. Employees Benefit Expenses |
2,50,000 |
3,00,000 |
50,000 |
20.00 |
|
b. Other Expenses |
75,000 |
1,00,000 |
25,000 |
33.33 |
|
Total |
3,25,000 |
4,00,000 |
75,000 |
23.07 |
|
Profit before Tax (I – II) |
4,25,000 |
6,00,000 |
1,75,000 |
41.18 |
|
Less: Income Tax |
1,27,500 |
1,80,000 |
52,500 |
41.18 |
|
Profit after Tax |
2,97,500 |
4,20,000 |
1,22,500 |
41.18 |
Page No 2.35:
Question 8:
|
Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
|
Particulars |
2015 |
2016 |
Absolute Change (Rs) |
Percentage Change |
|
I. Income |
||||
|
a. Revenue from Operations |
7,50,000 |
10,00,000 |
2,50,000 |
33.33 |
|
b. Other Income |
|
|
|
|
|
Total Revenue (a + b) |
7,50,000 |
10,00,000 |
2,50,000 |
33.33 |
|
II. Expenses |
||||
|
a. Employees Benefit Expenses |
2,50,000 |
3,00,000 |
50,000 |
20.00 |
|
b. Other Expenses |
75,000 |
1,00,000 |
25,000 |
33.33 |
|
Total |
3,25,000 |
4,00,000 |
75,000 |
23.07 |
|
Profit before Tax (I – II) |
4,25,000 |
6,00,000 |
1,75,000 |
41.18 |
|
Less: Income Tax |
1,27,500 |
1,80,000 |
52,500 |
41.18 |
|
Profit after Tax |
2,97,500 |
4,20,000 |
1,22,500 |
41.18 |
Answer:
| Shyam Ltd. Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations (Net Sales) | 17,50,000 | 20,00,000 | 2,50,000 | 14.29 |
| II. Other Income | ||||
| III. Total Revenue (I + II) | 17,50,000 | 20,00,000 | 2,50,000 | 14.29 |
| IV. Expenses | ||||
|
a. Cost of Revenue from Operations
|
9,75,000 | 11,70,000 | 1,95,000 | 20 |
|
b. Operating Expenses
|
7,700 | 11,500 | 3,800 | 49.35 |
| Total | 9,82,700 | 11,81,500 | 1,98,800 | 20.23 |
| Profit before Income Tax | 7,67,300 | 8,18,500 | 51,200 | 6.67 |
|
Less: Income Tax
|
3,06,920 | 3,27,400 | 20,480 | 6.67 |
| Profit after Income Tax | 4,60,380 | 4,91,100 | 30,720 | 6.67 |
Note: Carriage inwards is not recorded in Income Statement because it is a direct expense, which is already included in Cost of Revenue from Operations.
Page No 2.35:
Question 9:
| Shyam Ltd. Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations (Net Sales) | 17,50,000 | 20,00,000 | 2,50,000 | 14.29 |
| II. Other Income | ||||
| III. Total Revenue (I + II) | 17,50,000 | 20,00,000 | 2,50,000 | 14.29 |
| IV. Expenses | ||||
|
a. Cost of Revenue from Operations
|
9,75,000 | 11,70,000 | 1,95,000 | 20 |
|
b. Operating Expenses
|
7,700 | 11,500 | 3,800 | 49.35 |
| Total | 9,82,700 | 11,81,500 | 1,98,800 | 20.23 |
| Profit before Income Tax | 7,67,300 | 8,18,500 | 51,200 | 6.67 |
|
Less: Income Tax
|
3,06,920 | 3,27,400 | 20,480 | 6.67 |
| Profit after Income Tax | 4,60,380 | 4,91,100 | 30,720 | 6.67 |
Note: Carriage inwards is not recorded in Income Statement because it is a direct expense, which is already included in Cost of Revenue from Operations.
Answer:
|
Comparative Income Statement |
||||
|
Particulars |
2015 |
2016 |
Absolute |
Percentage |
|
I. Revenue from Operations |
5,00,000 |
10,00,000 |
5,00,000 |
100.00 |
|
II. Other Income |
40,000 |
40,000 |
|
|
|
III. Total Revenue (I + II) |
5,40,000 |
10,40,000 |
5,00,000 |
92.59 |
|
IV. Expenses |
||||
|
a. Cost of Revenue from Operations |
2,00,000 |
4,00,000 |
2,00,000 |
100.00 |
|
b. Operating Expenses |
80,000 |
1,00,000 |
20,000 |
25.00 |
|
Total |
2,80,000 |
5,00,000 |
2,20,000 |
78.57 |
|
Profit before Income Tax |
2,60,000 |
5,40,000 |
2,80,000 |
107.69 |
|
Less: Income Tax |
78,000 |
1,62,000 |
84,000 |
107.69 |
|
Profit after Income Tax |
1,82,000 |
3,78,000 |
1,96,000 |
107.69 |
Page No 2.35:
Question 10:
|
Comparative Income Statement |
||||
|
Particulars |
2015 |
2016 |
Absolute |
Percentage |
|
I. Revenue from Operations |
5,00,000 |
10,00,000 |
5,00,000 |
100.00 |
|
II. Other Income |
40,000 |
40,000 |
|
|
|
III. Total Revenue (I + II) |
5,40,000 |
10,40,000 |
5,00,000 |
92.59 |
|
IV. Expenses |
||||
|
a. Cost of Revenue from Operations |
2,00,000 |
4,00,000 |
2,00,000 |
100.00 |
|
b. Operating Expenses |
80,000 |
1,00,000 |
20,000 |
25.00 |
|
Total |
2,80,000 |
5,00,000 |
2,20,000 |
78.57 |
|
Profit before Income Tax |
2,60,000 |
5,40,000 |
2,80,000 |
107.69 |
|
Less: Income Tax |
78,000 |
1,62,000 |
84,000 |
107.69 |
|
Profit after Income Tax |
1,82,000 |
3,78,000 |
1,96,000 |
107.69 |
Answer:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations | 8,40,000 | 16,00,000 | 7,60,000 | 90.48 |
| II. Other Income | ||||
| III. Total Revenue (I + II) | 8,40,000 | 16,00,000 | 7,60,000 | 90.48 |
| IV. Expenses | ||||
|
a. Cost of Revenue from Operations
|
6,00,000 | 10,00,000 | 4,00,000 | 66.67 |
|
b. Operating Expenses
|
60,000 | 80,000 | 20,000 | 33.33 |
| Total | 6,60,000 | 10,80,000 | 4,20,000 | 63.64 |
| Profit before Income Tax | 1,80,000 | 5,20,000 | 3,40,000 | 188.89 |
|
Less: Income Tax
|
72,000 | 2,08,000 | 1,36,000 | 188.89 |
| Profit after Income Tax | 1,08,000 | 3,12,000 | 2,04,000 | 188.89 |
Note: Purchases is not recorded in the Income Statement because it is a direct expense, which is already included in Cost of Revenue from Operations.
Page No 2.35:
Question 11:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations | 8,40,000 | 16,00,000 | 7,60,000 | 90.48 |
| II. Other Income | ||||
| III. Total Revenue (I + II) | 8,40,000 | 16,00,000 | 7,60,000 | 90.48 |
| IV. Expenses | ||||
|
a. Cost of Revenue from Operations
|
6,00,000 | 10,00,000 | 4,00,000 | 66.67 |
|
b. Operating Expenses
|
60,000 | 80,000 | 20,000 | 33.33 |
| Total | 6,60,000 | 10,80,000 | 4,20,000 | 63.64 |
| Profit before Income Tax | 1,80,000 | 5,20,000 | 3,40,000 | 188.89 |
|
Less: Income Tax
|
72,000 | 2,08,000 | 1,36,000 | 188.89 |
| Profit after Income Tax | 1,08,000 | 3,12,000 | 2,04,000 | 188.89 |
Note: Purchases is not recorded in the Income Statement because it is a direct expense, which is already included in Cost of Revenue from Operations.
Answer:
|
Comparative Income Statement
for the year ended March 31, 2015 and 2016
|
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) | Percentage Change (%) |
| I. Income | ||||
|
a. Revenue from Operations
|
40,00,000 | 50,00,000 | 10,00,000 | 25 |
|
b. Other Income
|
2,00,000 | 3,00,000 | 1,00,000 | 50 |
|
Total Revenue (a + b)
|
42,00,000 | 53,00,000 | 11,00,000 | 26.19 |
| II. Expenses | ||||
|
a. Purchases of Stock-in-Trade
|
32,00,000 | 34,00,000 | 2,00,000 | 6.25 |
|
b. Changes in Inventories of Stock-in-Trade
|
(2,00,000) | 1,00,000 | 3,00,000 | 150 |
|
c. Employees Benefit Expenses
|
1,00,000 | 1,00,000 | ||
|
d. Finance Costs
|
50,000 | 45,000 | (5,000) | (10) |
|
e. Depreciation and Amortization Expenses
|
25,000 | 30,000 | 5,000 | 20 |
|
f. Other Expenses
|
3,00,000 | 3,25,000 | 25,000 | 8.33 |
| Total | 34,75,000 | 40,00,000 | 5,25,000 | 15.01 |
| Net Profit (I – II) | 7,25,000 | 13,00,000 | 5,75,000 | 79.31 |
Page No 2.36:
Question 12:
|
Comparative Income Statement
for the year ended March 31, 2015 and 2016
|
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) | Percentage Change (%) |
| I. Income | ||||
|
a. Revenue from Operations
|
40,00,000 | 50,00,000 | 10,00,000 | 25 |
|
b. Other Income
|
2,00,000 | 3,00,000 | 1,00,000 | 50 |
|
Total Revenue (a + b)
|
42,00,000 | 53,00,000 | 11,00,000 | 26.19 |
| II. Expenses | ||||
|
a. Purchases of Stock-in-Trade
|
32,00,000 | 34,00,000 | 2,00,000 | 6.25 |
|
b. Changes in Inventories of Stock-in-Trade
|
(2,00,000) | 1,00,000 | 3,00,000 | 150 |
|
c. Employees Benefit Expenses
|
1,00,000 | 1,00,000 | ||
|
d. Finance Costs
|
50,000 | 45,000 | (5,000) | (10) |
|
e. Depreciation and Amortization Expenses
|
25,000 | 30,000 | 5,000 | 20 |
|
f. Other Expenses
|
3,00,000 | 3,25,000 | 25,000 | 8.33 |
| Total | 34,75,000 | 40,00,000 | 5,25,000 | 15.01 |
| Net Profit (I – II) | 7,25,000 | 13,00,000 | 5,75,000 | 79.31 |
Answer:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations ( Net Sales) | 16,00,000 | 19,20,000 | 3,20,000 | 20 |
| II. Other Income | 50,000 | 80,000 | 30,000 | 60 |
| III. Total Revenue (I + II) | 16,50,000 | 20,00,000 | 3,50,000 | 21.21 |
| IV. Expenses | ||||
|
a. Purchases of Stock-in-Trade
|
9,50,000 | 11,70,000 | 2,20,000 | 23.16 |
|
b. Changes in Inventories of Stock-in-Trade
|
50,000 | (10,000) | (60,000) | (120) |
|
c. Employees Benefit Expenses
|
2,80,000 | 3,80,000 | 1,00,000 | 35.71 |
|
d. Other Expenses
|
1,90,000 | 1,30,000 | (60,000) | (31.58) |
| Total | 14,70,000 | 16,70,000 | 2,00,000 | 13.61 |
| V. Net Profit before Income Tax (III- IV) | 1,80,000 | 3,30,000 | 1,50,000 | 83.3 |
| VI. Less: Income Tax | 10,000 | 20,000 | 10,000 | 100 |
| VII. Net Profit after Income Tax (V – VI) | 1,70,000 | 3,10,000 | 1,40,000 | 82.35 |
Page No 2.36:
Question 13:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations ( Net Sales) | 16,00,000 | 19,20,000 | 3,20,000 | 20 |
| II. Other Income | 50,000 | 80,000 | 30,000 | 60 |
| III. Total Revenue (I + II) | 16,50,000 | 20,00,000 | 3,50,000 | 21.21 |
| IV. Expenses | ||||
|
a. Purchases of Stock-in-Trade
|
9,50,000 | 11,70,000 | 2,20,000 | 23.16 |
|
b. Changes in Inventories of Stock-in-Trade
|
50,000 | (10,000) | (60,000) | (120) |
|
c. Employees Benefit Expenses
|
2,80,000 | 3,80,000 | 1,00,000 | 35.71 |
|
d. Other Expenses
|
1,90,000 | 1,30,000 | (60,000) | (31.58) |
| Total | 14,70,000 | 16,70,000 | 2,00,000 | 13.61 |
| V. Net Profit before Income Tax (III- IV) | 1,80,000 | 3,30,000 | 1,50,000 | 83.3 |
| VI. Less: Income Tax | 10,000 | 20,000 | 10,000 | 100 |
| VII. Net Profit after Income Tax (V – VI) | 1,70,000 | 3,10,000 | 1,40,000 | 82.35 |
Answer:
|
Common Size Balance Sheet of Luna Ltd. |
||||
|
Particulars |
Absolute Amounts |
Percentage of Balance Sheet Total |
||
|
March |
March |
March |
March |
|
|
I. Equity and Liabilities |
||||
|
1. Shareholders’ Funds |
||||
|
a. Share Capital |
||||
|
Equity Share Capital |
6,00,000 |
7,50,000 |
24 |
27.27 |
|
Preference Share Capital |
7,50,000 |
7,50,000 |
30 |
27.27 |
|
b. Reserves and Surplus |
8,00,000 |
10,00,000 |
40 |
36.36 |
|
2. Non-Current Liabilities |
||||
|
a. Long-term Borrowings |
3,00,000 |
2,00,000 |
8 |
7.28 |
|
3. Current Liabilities |
||||
|
a. Trade Payables |
50,000 |
50,000 |
12 |
1.82 |
|
Total |
25,00,000 |
27,50,000 |
100 |
100 |
|
II. Assets |
||||
|
1. Non-Current Assets |
||||
|
a. Fixed Assets- Land & Building |
17,50,000 |
17,50,000 |
70 |
63.64 |
|
2. Current Assets |
||||
|
a. Trade Receivables |
6,00,000 |
7,50,000 |
24 |
27.27 |
|
b. Cash and Cash Equivalents |
1,50,000 |
2,50,000 |
6 |
9.09 |
|
Total |
25,00,000 |
27,50,000 |
100 |
100 |
Page No 2.36:
Question 14:
|
Common Size Balance Sheet of Luna Ltd. |
||||
|
Particulars |
Absolute Amounts |
Percentage of Balance Sheet Total |
||
|
March |
March |
March |
March |
|
|
I. Equity and Liabilities |
||||
|
1. Shareholders’ Funds |
||||
|
a. Share Capital |
||||
|
Equity Share Capital |
6,00,000 |
7,50,000 |
24 |
27.27 |
|
Preference Share Capital |
7,50,000 |
7,50,000 |
30 |
27.27 |
|
b. Reserves and Surplus |
8,00,000 |
10,00,000 |
40 |
36.36 |
|
2. Non-Current Liabilities |
||||
|
a. Long-term Borrowings |
3,00,000 |
2,00,000 |
8 |
7.28 |
|
3. Current Liabilities |
||||
|
a. Trade Payables |
50,000 |
50,000 |
12 |
1.82 |
|
Total |
25,00,000 |
27,50,000 |
100 |
100 |
|
II. Assets |
||||
|
1. Non-Current Assets |
||||
|
a. Fixed Assets- Land & Building |
17,50,000 |
17,50,000 |
70 |
63.64 |
|
2. Current Assets |
||||
|
a. Trade Receivables |
6,00,000 |
7,50,000 |
24 |
27.27 |
|
b. Cash and Cash Equivalents |
1,50,000 |
2,50,000 |
6 |
9.09 |
|
Total |
25,00,000 |
27,50,000 |
100 |
100 |
Answer:
| Common-size Balance Sheet of X Ltd. And Y Ltd. | ||||
| Particulars | Absolute Amounts (Rs) |
Percentage of Balance Sheet Total (%) |
||
| X Ltd. as at March 31, 2016 |
Y Ltd. as at March 31, 2016 |
X Ltd. as at March 31, 2016 |
Y Ltd. as at March 31, 2016 |
|
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
9,00,000 | 12,00,000 | 60 | 66.67 |
|
b. Reserve and Surplus
|
4,00,000 | 3,50,000 | 26.67 | 19.44 |
|
Shareholders’ Fund
|
13,00,000 | 15,50,000 | 86.67 | 86.11 |
|
2. Current Liabilities
|
||||
|
Trade Payables (Creditors)
|
2,00,000 | 2,50,000 | 13.33 | 13.89 |
| Total | 15,00,000 | 18,00,000 | 100 | 100 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
10,00,000 | 16,00,000 | 66.67 | 88.89 |
|
2. Current Assets
|
||||
|
a. Cash and Cash Equivalents
|
5,00,000 | 2,00,000 | 33.33 | 11.11 |
| Total | 15,00,000 | 18,00,000 | 100 | 100 |
Page No 2.37:
Question 15:
| Common-size Balance Sheet of X Ltd. And Y Ltd. | ||||
| Particulars | Absolute Amounts (Rs) |
Percentage of Balance Sheet Total (%) |
||
| X Ltd. as at March 31, 2016 |
Y Ltd. as at March 31, 2016 |
X Ltd. as at March 31, 2016 |
Y Ltd. as at March 31, 2016 |
|
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
9,00,000 | 12,00,000 | 60 | 66.67 |
|
b. Reserve and Surplus
|
4,00,000 | 3,50,000 | 26.67 | 19.44 |
|
Shareholders’ Fund
|
13,00,000 | 15,50,000 | 86.67 | 86.11 |
|
2. Current Liabilities
|
||||
|
Trade Payables (Creditors)
|
2,00,000 | 2,50,000 | 13.33 | 13.89 |
| Total | 15,00,000 | 18,00,000 | 100 | 100 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
10,00,000 | 16,00,000 | 66.67 | 88.89 |
|
2. Current Assets
|
||||
|
a. Cash and Cash Equivalents
|
5,00,000 | 2,00,000 | 33.33 | 11.11 |
| Total | 15,00,000 | 18,00,000 | 100 | 100 |
Answer:
| Common Size Balance Sheet of D Ltd. as at March 2014 and 2015 |
||||
| Particulars | Absolute Amounts (Rs) |
Percentage of Balance Sheet Total (%) | ||
| March 31, 2015 | March 31, 2016 |
March 31, 2015 |
March 31, 2016 |
|
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
3,00,000 | 3,50,000 | 50 | 58.33 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings
|
2,00,000 | 1,00,000 | 33.33 | 16.67 |
|
3. Current Liabilities
|
||||
|
a. Trade Payables
|
75,000 | 1,15,000 | 12.50 | 19.17 |
|
b. Short-term Provisions
|
25,000 | 35,000 | 4.17 | 5.83 |
| Total | 6,00,000 | 6,00,000 | 100 | 100 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets
|
||||
|
i ) Tangible
|
3,00,000 | 4,00,000 | 50 | 66.67 |
|
2. Current Assets
|
||||
|
a. Trade Receivables
|
2,50,000 | 1,60,000 | 41.67 | 26.67 |
|
b. Cash and Cash Equivalents
|
50,000 | 40,000 | 8.33 | 6.67 |
| Total | 6,00,000 | 6,00,000 | 100 | 100 |
Page No 2.37:
Question 16:
| Common Size Balance Sheet of D Ltd. as at March 2014 and 2015 |
||||
| Particulars | Absolute Amounts (Rs) |
Percentage of Balance Sheet Total (%) | ||
| March 31, 2015 | March 31, 2016 |
March 31, 2015 |
March 31, 2016 |
|
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
3,00,000 | 3,50,000 | 50 | 58.33 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings
|
2,00,000 | 1,00,000 | 33.33 | 16.67 |
|
3. Current Liabilities
|
||||
|
a. Trade Payables
|
75,000 | 1,15,000 | 12.50 | 19.17 |
|
b. Short-term Provisions
|
25,000 | 35,000 | 4.17 | 5.83 |
| Total | 6,00,000 | 6,00,000 | 100 | 100 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets
|
||||
|
i ) Tangible
|
3,00,000 | 4,00,000 | 50 | 66.67 |
|
2. Current Assets
|
||||
|
a. Trade Receivables
|
2,50,000 | 1,60,000 | 41.67 | 26.67 |
|
b. Cash and Cash Equivalents
|
50,000 | 40,000 | 8.33 | 6.67 |
| Total | 6,00,000 | 6,00,000 | 100 | 100 |
Answer:
| Common Size Balance Sheet of Radha Ltd. as at March 2015 and 2016 |
||||
| Particulars | Absolute Amounts (Rs) |
Percentage of Balance Sheet Total (%) |
||
| March 31, 2015 |
March 31, 2016 |
March 31, 2015 |
March 31, 2016 |
|
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
10,00,000 | 15,00,000 | 40 | 39.47 |
|
b. Reserves and Surplus
|
10,00,000 | 10,00,000 | 40 | 26.32 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings
|
2,00,000 | 8,00,000 | 8 | 21.05 |
|
3. Current Liabilities
|
||||
|
a. Trade Payables
|
3,00,000 | 5,00,000 | 12 | 13.16 |
| Total | 25,00,000 | 38,00,000 | 100 | 100 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets
|
||||
|
i. Tangible
|
20,00,000 | 30,00,000 | 80 | 78.95 |
|
2. Current Assets
|
||||
|
a. Cash and Cash Equivalents
|
5,00,000 | 8,00,000 | 20 | 21.05 |
| Total | 25,00,000 | 38,00,000 | 100 | 100 |
Page No 2.38:
Question 17:
| Common Size Balance Sheet of Radha Ltd. as at March 2015 and 2016 |
||||
| Particulars | Absolute Amounts (Rs) |
Percentage of Balance Sheet Total (%) |
||
| March 31, 2015 |
March 31, 2016 |
March 31, 2015 |
March 31, 2016 |
|
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
10,00,000 | 15,00,000 | 40 | 39.47 |
|
b. Reserves and Surplus
|
10,00,000 | 10,00,000 | 40 | 26.32 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings
|
2,00,000 | 8,00,000 | 8 | 21.05 |
|
3. Current Liabilities
|
||||
|
a. Trade Payables
|
3,00,000 | 5,00,000 | 12 | 13.16 |
| Total | 25,00,000 | 38,00,000 | 100 | 100 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets
|
||||
|
i. Tangible
|
20,00,000 | 30,00,000 | 80 | 78.95 |
|
2. Current Assets
|
||||
|
a. Cash and Cash Equivalents
|
5,00,000 | 8,00,000 | 20 | 21.05 |
| Total | 25,00,000 | 38,00,000 | 100 | 100 |
Answer:
| Common Size Income Statement for the year I and II |
||||
| Particulars | Absolute Amount (Rs) |
Percentage of Revenue from Operations (%) | ||
| Year I | Year II | Year I | Year II | |
| I. Revenue from Operations | 14,00,000 | 16,00,000 | 100 | 100 |
| II. Other Incomes | – | – | – | |
| III. Total Revenues (I + II) | 14,00,000 | 16,00,000 | 100 | 100 |
| IV. Expenses | ||||
|
a. Purchase of Stock-in-Trade
|
9,00,000 | 12,00,000 | 64.29 | 75 |
|
b. Change in Inventories of Stock-in-Trade
|
1,00,000 | (20,000) | 7.14 | (1.25) |
|
c. Depreciation and Amortisation Expenses
|
80,000 | 80,000 | 5.71 | 5 |
|
d. Other Expenses
|
90,000 | 1,30,000 | 6.43 | 8.25 |
| Total | 11,70,000 | 13,90,000 | 83.57 | 86.88 |
| V. Profit before Income Tax (III- IV) | 2,30,000 | 2,10,000 | 16.43 | 13.125 |
|
Less: Income Tax
|
40,000 | 36,000 | 2.86 | 2.25 |
| VI. Profit after Income Tax (V – VI) | 1,90,000 | 1,74,000 | 13.57 | 10.875 |
Page No 2.38:
Question 18:
| Common Size Income Statement for the year I and II |
||||
| Particulars | Absolute Amount (Rs) |
Percentage of Revenue from Operations (%) | ||
| Year I | Year II | Year I | Year II | |
| I. Revenue from Operations | 14,00,000 | 16,00,000 | 100 | 100 |
| II. Other Incomes | – | – | – | |
| III. Total Revenues (I + II) | 14,00,000 | 16,00,000 | 100 | 100 |
| IV. Expenses | ||||
|
a. Purchase of Stock-in-Trade
|
9,00,000 | 12,00,000 | 64.29 | 75 |
|
b. Change in Inventories of Stock-in-Trade
|
1,00,000 | (20,000) | 7.14 | (1.25) |
|
c. Depreciation and Amortisation Expenses
|
80,000 | 80,000 | 5.71 | 5 |
|
d. Other Expenses
|
90,000 | 1,30,000 | 6.43 | 8.25 |
| Total | 11,70,000 | 13,90,000 | 83.57 | 86.88 |
| V. Profit before Income Tax (III- IV) | 2,30,000 | 2,10,000 | 16.43 | 13.125 |
|
Less: Income Tax
|
40,000 | 36,000 | 2.86 | 2.25 |
| VI. Profit after Income Tax (V – VI) | 1,90,000 | 1,74,000 | 13.57 | 10.875 |
Answer:
| Comparative Balance Sheet of Wye Ltd. as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
5,00,000 | 5,00,000 | ||
|
b. Reserve and Surplus
|
1,10,000 | 1,20,000 | 10,000 | 9.09 |
|
Shareholders’ Fund
|
6,10,000 | 6,20,000 | 10,000 | 1.64 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowing:
|
||||
|
(Secured Loans)
|
5,50,000 | 4,00,000 | (1,50,000) | (27.27) |
|
(Unsecured Loans)
|
- | 1,00,000 | 1,00,000 | |
|
3. Current Liabilities
|
||||
|
a. Trade Payables ( Creditors)
|
3,80,000 | 5,80,000 | 2,00,000 | 52.63 |
| Total | 15,40,000 | 17,00,000 | 1,60,000 | 10.39 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
10,40,000 | 9,90,000 | (50,000) | (4.81) |
|
2. Current Assets
|
||||
|
a. Inventories
|
2,00,000 | 3,00,000 | 1,00,000 | 50 |
|
b. Trade Receivables
|
2,00,000 | 3,00,000 | 1,00,000 | 50 |
|
c. Cash and Cash Equivalents
|
1,00,000 | 1,10,000 | 10,000 | 10 |
| Total | 15,40,000 | 17,00,000 | 1,60,000 | 10.39 |
Page No 2.38:
Question 19:
| Comparative Balance Sheet of Wye Ltd. as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
5,00,000 | 5,00,000 | ||
|
b. Reserve and Surplus
|
1,10,000 | 1,20,000 | 10,000 | 9.09 |
|
Shareholders’ Fund
|
6,10,000 | 6,20,000 | 10,000 | 1.64 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowing:
|
||||
|
(Secured Loans)
|
5,50,000 | 4,00,000 | (1,50,000) | (27.27) |
|
(Unsecured Loans)
|
- | 1,00,000 | 1,00,000 | |
|
3. Current Liabilities
|
||||
|
a. Trade Payables ( Creditors)
|
3,80,000 | 5,80,000 | 2,00,000 | 52.63 |
| Total | 15,40,000 | 17,00,000 | 1,60,000 | 10.39 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
10,40,000 | 9,90,000 | (50,000) | (4.81) |
|
2. Current Assets
|
||||
|
a. Inventories
|
2,00,000 | 3,00,000 | 1,00,000 | 50 |
|
b. Trade Receivables
|
2,00,000 | 3,00,000 | 1,00,000 | 50 |
|
c. Cash and Cash Equivalents
|
1,00,000 | 1,10,000 | 10,000 | 10 |
| Total | 15,40,000 | 17,00,000 | 1,60,000 | 10.39 |
Answer:
| M/s Balaji Traders Comparative Balance Sheet as at March 2015 and2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
4,00,000 | 7,00,000 | 3,00,000 | 75 |
|
b. Reserve and Surplus
|
1,20,000 | 1,00,000 | (20,000) | (16.67) |
|
Shareholders’ Fund
|
5,20,000 | 8,00,000 | 2,80,000 | 53.84 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings (Loans)
|
5,00,000 | 5,00,000 | – | |
| Total | 10,20,000 | 13,00,000 | 2,80,000 | 27.45 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
8,00,000 | 10,20,000 | 2,20,000 | 27.50 |
|
2. Current Assets
|
||||
|
a. Trade Receivables
|
1,00,000 | 2,00,000 | 1,00,000 | 100 |
|
b. Cash and Cash Equivalents
|
1,20,000 | 80,000 | (40,000) | 33.34 |
| Total | 10,20,000 | 13,00,000 | 2,80,000 | 27.45 |
Page No 2.39:
Question 20:
| M/s Balaji Traders Comparative Balance Sheet as at March 2015 and2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
4,00,000 | 7,00,000 | 3,00,000 | 75 |
|
b. Reserve and Surplus
|
1,20,000 | 1,00,000 | (20,000) | (16.67) |
|
Shareholders’ Fund
|
5,20,000 | 8,00,000 | 2,80,000 | 53.84 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings (Loans)
|
5,00,000 | 5,00,000 | – | |
| Total | 10,20,000 | 13,00,000 | 2,80,000 | 27.45 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
8,00,000 | 10,20,000 | 2,20,000 | 27.50 |
|
2. Current Assets
|
||||
|
a. Trade Receivables
|
1,00,000 | 2,00,000 | 1,00,000 | 100 |
|
b. Cash and Cash Equivalents
|
1,20,000 | 80,000 | (40,000) | 33.34 |
| Total | 10,20,000 | 13,00,000 | 2,80,000 | 27.45 |
Answer:
| Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
7,50,000 | 15,00,000 | 7,50,000 | 100 |
|
b. Reserve and Surplus
|
4,50,000 | 3,00,000 | (1,50,000) | (33.33) |
|
Shareholders’ Funds
|
12,00,000 | 18,00,000 | 6,00,000 | 50 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings (12% debentures)
|
7,50,000 | 12,00,000 | 4,50,000 | 60 |
|
3. Current Liabilities
|
||||
| a. Trade Payables | 3,00,000 | 6,00,000 | 3,00,000 | 100 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
15,00,000 | 22,50,000 | 7,50,000 | 50 |
|
2. Current Assets
|
7,50,000 | 13,50,000 | 6,00,000 | 80 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
Page No 2.39:
Question 21:
| Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Equity Share Capital
|
7,50,000 | 15,00,000 | 7,50,000 | 100 |
|
b. Reserve and Surplus
|
4,50,000 | 3,00,000 | (1,50,000) | (33.33) |
|
Shareholders’ Funds
|
12,00,000 | 18,00,000 | 6,00,000 | 50 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings (12% debentures)
|
7,50,000 | 12,00,000 | 4,50,000 | 60 |
|
3. Current Liabilities
|
||||
| a. Trade Payables | 3,00,000 | 6,00,000 | 3,00,000 | 100 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
15,00,000 | 22,50,000 | 7,50,000 | 50 |
|
2. Current Assets
|
7,50,000 | 13,50,000 | 6,00,000 | 80 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
Answer:
| Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
7,50,000 | 15,00,000 | 7,50,000 | 100 |
|
b. Reserve and Surplus
|
4,50,000 | 3,00,000 | (1,50,000) | (33.33) |
|
Shareholders’ Fund
|
12,00,000 | 18,00,000 | 6,00,000 | 50 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings (12% Loan)
|
7,50,000 | 12,00,000 | 4,50,000 | 60 |
|
3. Current Liabilities
|
||||
|
a. Short-Term Borrowings
|
1,75,000 | 3,50,000 | 1,75,000 | 100 |
|
b. Trade Payables
|
1,00,000 | 2,00,000 | 1,00,000 | 100 |
|
c. Short-Term Provisions
|
25,000 | 50,000 | 25,000 | 100 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
15,00,000 | 22,50,000 | 7,50,000 | 50 |
|
2. Current Assets
|
||||
|
a. Inventories
|
2,50,000 | 4,50,000 | 2,00,000 | 80 |
|
b. Trade Receivables
|
3,50,000 | 8,00,000 | 4,50,000 | 128.57 |
|
c. Cash and Cash Equivalents
|
1,50,000 | 1,00,000 | (50,000) | 33.33 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
Page No 2.40:
Question 22:
| Comparative Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
7,50,000 | 15,00,000 | 7,50,000 | 100 |
|
b. Reserve and Surplus
|
4,50,000 | 3,00,000 | (1,50,000) | (33.33) |
|
Shareholders’ Fund
|
12,00,000 | 18,00,000 | 6,00,000 | 50 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-term Borrowings (12% Loan)
|
7,50,000 | 12,00,000 | 4,50,000 | 60 |
|
3. Current Liabilities
|
||||
|
a. Short-Term Borrowings
|
1,75,000 | 3,50,000 | 1,75,000 | 100 |
|
b. Trade Payables
|
1,00,000 | 2,00,000 | 1,00,000 | 100 |
|
c. Short-Term Provisions
|
25,000 | 50,000 | 25,000 | 100 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets (Tangible)
|
15,00,000 | 22,50,000 | 7,50,000 | 50 |
|
2. Current Assets
|
||||
|
a. Inventories
|
2,50,000 | 4,50,000 | 2,00,000 | 80 |
|
b. Trade Receivables
|
3,50,000 | 8,00,000 | 4,50,000 | 128.57 |
|
c. Cash and Cash Equivalents
|
1,50,000 | 1,00,000 | (50,000) | 33.33 |
| Total | 22,50,000 | 36,00,000 | 13,50,000 | 60 |
Answer:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) | Percentage Change (%) |
| I. Revenue from Operations (Sales) | 3,00,000 | 3,50,000 | 50,000 | 16.67 |
| II. Other Income |
–
|
– | ||
| III. Total Revenue (I + II) | 3,00,000 | 3,50,000 | 50,000 | 16.67 |
| IV. Expenses | ||||
|
a. Purchases 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) |
|
c. Employees Benefit Expenses
|
15,000 | 17,500 | 2,500 | 16.67 |
|
d. Other Expenses
|
5,000 | 7,500 | 2,500 | 50 |
| Total | 2,20,000 | 2,50,000 | 30,000 | 13.63 |
| Net Profit (III- IV) | 80,000 | 1,00,000 | 20,000 | 25 |
Page No 2.40:
Question 23:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) | Percentage Change (%) |
| I. Revenue from Operations (Sales) | 3,00,000 | 3,50,000 | 50,000 | 16.67 |
| II. Other Income |
–
|
– | ||
| III. Total Revenue (I + II) | 3,00,000 | 3,50,000 | 50,000 | 16.67 |
| IV. Expenses | ||||
|
a. Purchases 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) |
|
c. Employees Benefit Expenses
|
15,000 | 17,500 | 2,500 | 16.67 |
|
d. Other Expenses
|
5,000 | 7,500 | 2,500 | 50 |
| Total | 2,20,000 | 2,50,000 | 30,000 | 13.63 |
| Net Profit (III- IV) | 80,000 | 1,00,000 | 20,000 | 25 |
Answer:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations ( Sales) | 2,50,000 | 3,00,000 | 50,000 | 20 |
| II. Other Income | – | – | – | – |
| III. Total Revenue (I + II) | 2,50,000 | 3,00,000 | 50,000 | 20 |
| IV. Expenses | ||||
|
a. Cost of material consumed
|
1,00,000 | 1,20,000 | 20,000 | 20 |
|
b. Changes in Inventories of Stock-in-Trade
|
5,000 | (2,000) | (7,000) | (140) |
|
c. Employees Benefit Expenses
|
25,000 | 30,000 | 5,000 | 20 |
|
d. Other Expenses
|
20,000 | 22,000 | 2,000 | 10 |
| Total | 1,50,000 | 1,70,000 | 20,000 | 13.3 |
| V.Net Profit (III- IV) | 1,00,000 | 1,30,000 | 30,000 | 30 |
Page No 2.40:
Question 24:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations ( Sales) | 2,50,000 | 3,00,000 | 50,000 | 20 |
| II. Other Income | – | – | – | – |
| III. Total Revenue (I + II) | 2,50,000 | 3,00,000 | 50,000 | 20 |
| IV. Expenses | ||||
|
a. Cost of material consumed
|
1,00,000 | 1,20,000 | 20,000 | 20 |
|
b. Changes in Inventories of Stock-in-Trade
|
5,000 | (2,000) | (7,000) | (140) |
|
c. Employees Benefit Expenses
|
25,000 | 30,000 | 5,000 | 20 |
|
d. Other Expenses
|
20,000 | 22,000 | 2,000 | 10 |
| Total | 1,50,000 | 1,70,000 | 20,000 | 13.3 |
| V.Net Profit (III- IV) | 1,00,000 | 1,30,000 | 30,000 | 30 |
Answer:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) | Percentage Change (%) |
| I. Revenue from Operations ( Sales) | 40,00,000 | 50,00,000 | 10,00,000 | 25 |
| II. Other Income | – | – | – | – |
| III. Total Revenue (I + II) | 40,00,000 | 50,00,000 | 10,00,000 | 25 |
| IV. 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) | (33.3) |
|
c. Employees Benefit Expenses
|
1,00,000 | 1,00,000 | – | – |
|
d. Other Expenses:
|
||||
|
i. Administrative Expenses
|
50,000 | 50,000 | – | – |
|
ii. Selling and Distribution Expenses
|
1,00,000 | 1,50,000 | 50,000 | 50 |
| Total | 38,00,000 | 32,50,000 | (5,50,000) | 14.47 |
| V. Net Profit (III- IV) | 7,50,000 | 12,00,000 | 4,50,000 | 60 |
Page No 2.41:
Question 25:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) | Percentage Change (%) |
| I. Revenue from Operations ( Sales) | 40,00,000 | 50,00,000 | 10,00,000 | 25 |
| II. Other Income | – | – | – | – |
| III. Total Revenue (I + II) | 40,00,000 | 50,00,000 | 10,00,000 | 25 |
| IV. 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) | (33.3) |
|
c. Employees Benefit Expenses
|
1,00,000 | 1,00,000 | – | – |
|
d. Other Expenses:
|
||||
|
i. Administrative Expenses
|
50,000 | 50,000 | – | – |
|
ii. Selling and Distribution Expenses
|
1,00,000 | 1,50,000 | 50,000 | 50 |
| Total | 38,00,000 | 32,50,000 | (5,50,000) | 14.47 |
| V. Net Profit (III- IV) | 7,50,000 | 12,00,000 | 4,50,000 | 60 |
Answer:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations: | ||||
|
a. Sale
|
74,50,000 | 59,80,000 | (14,70,000) | (19.73) |
|
b. Sale of Waste
|
50,000 | 20,000 | (30,000) | (60) |
| II. Other Income | 3,00,000 | 1,50,000 | (1,50,000) | (50) |
| 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) |
|
c. Employees Benefit Expenses
|
3,00,000 | 2,00,000 | (1,00,000) | (33.33) |
|
d. Other Expenses
|
||||
|
i. Administrative Exp. & General Exp.
|
12,00,000 | 8,00,000 | (4,00,000) | (33.3) |
|
ii. Marketing Expenses
|
9,00,000 | 10,75,000 | 1,75,000 | 19.44 |
| Total | 69,00,000 | 50,75,000 | (18,25,000) | (26.45) |
| V. Net Profit (III- IV) | 9,00,000 | 10,75,000 | 1,75,000 | 19.44 |
Page No 2.41:
Question 26:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations: | ||||
|
a. Sale
|
74,50,000 | 59,80,000 | (14,70,000) | (19.73) |
|
b. Sale of Waste
|
50,000 | 20,000 | (30,000) | (60) |
| II. Other Income | 3,00,000 | 1,50,000 | (1,50,000) | (50) |
| 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) |
|
c. Employees Benefit Expenses
|
3,00,000 | 2,00,000 | (1,00,000) | (33.33) |
|
d. Other Expenses
|
||||
|
i. Administrative Exp. & General Exp.
|
12,00,000 | 8,00,000 | (4,00,000) | (33.3) |
|
ii. Marketing Expenses
|
9,00,000 | 10,75,000 | 1,75,000 | 19.44 |
| Total | 69,00,000 | 50,75,000 | (18,25,000) | (26.45) |
| V. Net Profit (III- IV) | 9,00,000 | 10,75,000 | 1,75,000 | 19.44 |
Answer:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations ( Sales) | 17,50,000 | 20,00,000 | 2,50,000 | 14.29 |
| II. Other Income | 50,000 | 75,000 | 25,000 | 50 |
| 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 |
|
b. Changes in Inventories of Stock-in-Trade
|
(25,000) | 10,000 | 35,000 | 140 |
|
c. Employees Benefit Expenses
|
||||
|
i. Wages
|
3,00,000 | 3,00,000 | – | – |
|
d. Depreciation and Amortisation Expenses
|
50,000 | 50,000 | – | – |
|
e. Other Expenses
|
||||
|
i. Administrative and General Expenses
|
50,000 | 70,000 | 20,000 | 40 |
|
ii. Misc. Expenses
|
25,000 | 20,000 | (5,000) | 20 |
| Total | 14,00,000 | 16,10,000 | 2,10,000 | 15 |
| V. Net Profit (III- IV) | 4,00,000 | 4,65,000 | 65,000 | 16.25 |
Page No 2.42:
Question 27:
| Comparative Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | 2015 (Rs) |
2016 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
| I. Revenue from Operations ( Sales) | 17,50,000 | 20,00,000 | 2,50,000 | 14.29 |
| II. Other Income | 50,000 | 75,000 | 25,000 | 50 |
| 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 |
|
b. Changes in Inventories of Stock-in-Trade
|
(25,000) | 10,000 | 35,000 | 140 |
|
c. Employees Benefit Expenses
|
||||
|
i. Wages
|
3,00,000 | 3,00,000 | – | – |
|
d. Depreciation and Amortisation Expenses
|
50,000 | 50,000 | – | – |
|
e. Other Expenses
|
||||
|
i. Administrative and General Expenses
|
50,000 | 70,000 | 20,000 | 40 |
|
ii. Misc. Expenses
|
25,000 | 20,000 | (5,000) | 20 |
| Total | 14,00,000 | 16,10,000 | 2,10,000 | 15 |
| V. Net Profit (III- IV) | 4,00,000 | 4,65,000 | 65,000 | 16.25 |
Answer:
| Common Size Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | Absolute Amount (Rs) |
Percentage of Balance Sheet Total (%) |
||
| March 31, 2015 | March 31, 2016 | March 31, 2015 | March 31, 2016 | |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
||||
|
i. Equity Share Capital
|
6,00,000 | 6,00,000 | 35.29 | 42.55 |
|
ii. Preference Share Capital
|
4,00,000 | 2,00,000 | 23.53 | 14.18 |
|
b. Reserves and Surplus
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-Term Borrowings
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
3. Current Liabilities
|
||||
|
a. Short-Term Borrowings
|
1,50,000 | 90,000 | 8.83 | 6.39 |
|
b. Trade Payables ( Creditors)
|
1,25,000 | 1,00,000 | 7.34 | 7.09 |
|
c. Short-Term Provisions
|
25,000 | 20,000 | 1.47 | 1.43 |
| Total | 17,00,000 | 14,10,000 | 100.00 | 100.00 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets
|
||||
|
i. Tangible
|
6,00,000 | 6,00,000 | 35.30 | 42.55 |
|
ii. Intangible
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
b. Non-Current Investments
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
2. Current Assets
|
||||
|
a. Inventories
|
2,50,000 | 1,75,000 | 14.71 | 12.42 |
|
b. Trade Receivables
|
2,75,000 | 1,45,000 | 16.18 | 10.29 |
|
c. Cash and Cash Equivalents
|
1,75,000 | 90,000 | 10.29 | 6.38 |
| Total | 17,00,000 | 14,10,000 | 100.00 | 100.00 |
Page No 2.42:
Question 28:
| Common Size Balance Sheet as at March 2015 and 2016 |
||||
| Particulars | Absolute Amount (Rs) |
Percentage of Balance Sheet Total (%) |
||
| March 31, 2015 | March 31, 2016 | March 31, 2015 | March 31, 2016 | |
| I. Equity and Liabilities | ||||
|
1. Shareholders’ Funds
|
||||
|
a. Share Capital
|
||||
|
i. Equity Share Capital
|
6,00,000 | 6,00,000 | 35.29 | 42.55 |
|
ii. Preference Share Capital
|
4,00,000 | 2,00,000 | 23.53 | 14.18 |
|
b. Reserves and Surplus
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
2. Non-Current Liabilities
|
||||
|
a. Long-Term Borrowings
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
3. Current Liabilities
|
||||
|
a. Short-Term Borrowings
|
1,50,000 | 90,000 | 8.83 | 6.39 |
|
b. Trade Payables ( Creditors)
|
1,25,000 | 1,00,000 | 7.34 | 7.09 |
|
c. Short-Term Provisions
|
25,000 | 20,000 | 1.47 | 1.43 |
| Total | 17,00,000 | 14,10,000 | 100.00 | 100.00 |
| II. Assets | ||||
|
1. Non-Current Assets
|
||||
|
a. Fixed Assets
|
||||
|
i. Tangible
|
6,00,000 | 6,00,000 | 35.30 | 42.55 |
|
ii. Intangible
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
b. Non-Current Investments
|
2,00,000 | 2,00,000 | 11.76 | 14.18 |
|
2. Current Assets
|
||||
|
a. Inventories
|
2,50,000 | 1,75,000 | 14.71 | 12.42 |
|
b. Trade Receivables
|
2,75,000 | 1,45,000 | 16.18 | 10.29 |
|
c. Cash and Cash Equivalents
|
1,75,000 | 90,000 | 10.29 | 6.38 |
| Total | 17,00,000 | 14,10,000 | 100.00 | 100.00 |
Answer:
| Common Size Income Statement for the year ended March 31, 2015 and 2016 |
||||
| Particulars | Absolute Amount (Rs) |
Percentage of Revenue (%) |
||
| 2015 | 2016 | 2015 | 2016 | |
| I. Revenue from Operations ( Net Sales): | ||||
|
Sales
|
15,30,000 | 18,36,000 | 102 | 101.94 |
|
Less: Sales Return
|
30,000 | 35,000 | 2 | 1.94 |
| Net Sales | 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 | 101.1 |
| IV. Expenses | ||||
|
a. Purchase of Stock-in-Trade
|
9,00,000 | 10,22,500 | 60 | 56.77 |
|
b. Change in Inventories of Stock-in-Trade
|
10,000 | (10,000) | 0.67 | (.56) |
|
c. Employees Benefit Expenses
|
3,00,000 | 3,30,000 | 20 | 18.32 |
|
d. Other Expenses:
|
1,70,000 | 2,00,000 | 11.33 | 11.10 |
|
i. Administrative Expenses
|
1,50,000 | 1,70,000 | 10 | 9.44 |
|
ii. Misc. Expenses ( Non-Operative)
|
20,000 | 30,000 | 1.33 | 1.67 |
| Total | 13,80,000 | 15,42,500 | 92 | 85.65 |
| V. Net Profit (III- IV) | 1,35,000 | 2,78,500 | 9 | 15.46 |
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