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Page No 2.32:

Answer:

Sticon Ltd.
Comparative Balance Sheet
as at March 2015 and 2016

Particulars

Note 

No.

2015
(Rs)

2016
(Rs)

Absolute Change
(Rs)

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
(Rs)

2016
(Rs)

Absolute Change
(Rs)

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:

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:

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:

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:

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:

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:

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

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:

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:

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

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:

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:

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:

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:

Answer:

Common Size Balance Sheet of Luna 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

       

    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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

Answer:

X Ltd
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:

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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