EEE DEEN S ANS) tO See how it helped us) Questions for 12 marks |. Questions on Comparative Statement of profit and loss (Income Statement) 27, *From the following information of Sangvi Company Ltd. and loss for the years 2016 and 2017. ., Prepare a Comparative statement of profit Particulars 2016 2017 Rs. Rs, Revenue from Operations 7,25,000 | 8,15,000 Less: Sales Returns 25,000 | 15,000 7,00,000 | 8,00,000 Other Revenue Income 1,200 8,000 Total Revenue (A) 7,01,200 | 8,08,000 Less: Employees benefit expenses | 5,95,000 | 6,15,000 Depreciation 12,700 | 12,500 | Financial Expenses 23,000 | 24,000 | Other Expenses 1,500 2,000 ‘| Total Expenses (B) 6,32,200 | 6,53,500 Profit before tax {C = A-B} 69,000 | 1,54,500 [QB (P) 112 (Q) 1]/ Hint for calculation of Percentage: €.g., Revenue from Operations _ Absolute increase x100 Amount of Ist year ie., 2016 __90,000 = 20,000 100 = 12.41% 7,25,000 . Same procedure is followed in other calculations. CB From the following information, prepare Comparative Statement of Profit and Loss for the year ending 1 March 2016 and 31* March 2017 of Raju Co. Ltd., Particulars 31-3-2016 | 31-3-2017 Rs. Rs. Revenue from Operations 8,00,000 | 9,00,000 Other Income 20,000 40,000 Employees Benefit Expenses | 1,00,000 | 1,20,000 Cost of Materials Consumed | 4,00,000 | 5,00,000 Financial Cost 30,000 20,000 Depreciation 70,000 70,000 Other Expenses 20,000 30,000 Income Tax 30% 30% [QB (P) 112 (Q) 2) Student's illuminator I PU AccountancyNoy Tan ras aetty wee eet pera, 29, *From the following particulars, prepare comparative statement of profit and loss of Narang Colours Ltd., for the year ended March 31, 2014 and 2015. {NCERT (P) 183 (Q) Do it yourself] Particulars Note No. 2014-15 2013-14 : 1. Revenue from operations . 40,00,000 35,00,000 2. Other income 50,000 50,000 3. Cost of material consumed 15,00,000 18,00,000 4. Changes in inventories of finished goods 10,000 (15,000) . 5. Employee benefit expenses 2,40,000 — 2,40,000 6. Depreciation and amortization 25,000 22,500 7. Other expenses 2,66,000 3,02,000 . 8. Profit 20,09,000 12,00,500 Narang Colour Ltd Comparative statement of profit and loss for the year ending 2013-14 and 2014-15 f T 2013-14 | 2014-15 | Increase (+) or | |= 10,000 + 15,000 = Rs, 25,000 Questions for 12 Marks ll. Questions on Comparative Balance Sheet 30. *The followings are the Balance Sheets of Alpha Ltd., as at March 31" 2016 and 2017. INCERT (P) 198 (Q) 1 modified] [QB(P) 113 (Q) | 31-3-2016 | 31-3-2017 Particulars Rs. | Rs. I. Equity and Liabilities: | Equity Share Capital 2,00,000 | 4,00,000 Reserves and Surplus 1,00,000 | 1,50,000 Long Term Loans 2,00,000 | 3,00,000 Current Liabilities 1,20,000 | 1,70,000 Total 6,20,000 | 10,20,000 . IL. Assets: Fixed Assets 2,00,000 | _5,00,000 Non-current Investment | 1,00,000| 1,25,000 Current Assets 255,000 | 3,25,000 Term Loan and Advances | 65,000 70,000 Total 6,20,000 | 10,20,000 You are required to prepare a Comparative Balance Shect.By following the same procedure, other values (i.¢., % change) are obtained. 31. *From the following information, Prepare Comparative Balance sheet. (Position Statement) (March 2019 Similar) (QB (P) 114 (Q) 2] Particulars 31-3-2016 | 31-3-2017 Rs. Rs. Share Capital 4,00,000 | 5,00,000 General Reserve 50,000 60,000 Secured Loans 15,000 20,000 Current Liabilities 50,000 70,000 Buildings 2,00,000 | 2,50,000 Machinery 1,50,000 | 2,00,000 Stock 1,00,000 | 1,10,000 Trade Receivables 65,000 90,000 \ Student's ituminator I PU Accove<2ncywpeorve~ |. 32. "The following are the Balance Sheets of J. Lid. as at March 31, 2014 and 2015, Prepare € INCERT (P) 184 (Ih 3) balance sheet, Particulars Note 31, 2015 | March 31, 2014 / No. es 1 Equity and Ciabilites || 1. Share holders funds (a) Share Capital 20,00,000 15,00,000 (b) Reserves and surplus 3,00,000 4,00,000 2. Non-current Liabilitles Long-term borrowings 9,00,000 6,00,000 3, Current Liabilities ' Trade payables 3,00,000 2,00,000 Tol | 35,00,000 27,00,000 TE Assets 1, Non-current assets (a) Fixed assets - Tangible assets 20,00,000 15,00,000 = Intangible assets 9,00,000 6,00,000 2. Current Assets - Inventories 3,00,000 4,00,000 = Cash and cash equivalents 3,00,000 2,00,000 Total 35,00,000 27,00,000 Student’e iuminator MPU Accountancy L-33. *From the Balance Sheets for Balance Sheet of Omega Chemic: | = oeeywew | 29,0u,0UU | 3,00,000 | als Ltd.: the year ended March 31, 2016 29.63% | and 2017, prepare the comparative Rs. in lakh Particulars Note ] 2014 | 2015 No. | Rs. | (Rs.) I. Equity and Liabilities 1) Shareholders’ Fund a) Share capital 5 10 b) Reserve and surplus 3 2 2) Non-current liabilities Long-term borrowings 5 8 3) Current liabilities | Trade Payable 2 4 Total 15 24 II. Assets 1. Non-current assets a) Fixed assets — Tangible assets 8) 14 — Intangible assets 2 3 2. Current assets 4 5 a) Inventories b) Cash and cash equivalents 1 2 15| 24 Total INCERT (P) 186, 187 (Q) Do it yourself modified) | Ananintannyfor the year ending 31.3.2016 and 31.3.7 | Absolute Amount F Particulars | 31.3.2016 | 31.3.2017 Rs. Rs. J. Revenue from operations 5,00,000 | 4,00,000 I. Other income 20,000 10,000 Ill. Total Revenue §,20,000 | 4,10,000 IV. Expenses Cost of Materials Consumed 3,00,000 | 2,00,000 Employee benefit expenses 60,000 40,000 Finance cost 10,000 15,000 Depreciation 20,000 25,000 Other expenses 40,000 30,000 Total Expenses 4,30,000 | 3,10,000 V. Profit before tax (III — IV) 90,000 | 1,00,000 VL. Income tax @ 40% of profit 36,000 | 40,000 VII. Profit after tax (Net profit) (V-VI) 54,000 60,000WV. Questions on com 40. *From the followin, ©n 31-3-20 16 and §é Marks mon size Balance sheet 8 Balance sheet of Kai mnataka Company Ltd. Analysis of Financial Statemen, |, prepare Common Size Balance Sheet as [QB (P) 114 (Q) 2) 31-3-2017, Balance Sheet as on 31-3-2016 and 31-3-2017 Particulars 31-3-2016 | 31-3-2017 | Rs, Rs. Equity and Liabilities: | 1. Shareholders fund: Share capital 8,50,000 | 10,00,000 Reserves & Surplus 1,00,000 | 50,000 2. Non Current Liabilities: Long term borrowings | 4,50,000 | 5,75,000 3, Current Liabilities: Short term borrowings | 1,50,000| 2,25,000 Total 15,50,000 | 18,50,000 “Assets: Non Current Assets: Tangible Assets 7,50,000 | 9,00,000 Intangible Assets 4,00,000 | 4,50,000 Current Assets: Inventories 1,00,000 | 2,00,000 Other Current Assets | 3,00,000 | 3,00,000 Total 15,50,000 | 18,50,000 Karnataka Company Ltd Common size Balance sheet as at 31.3.2016 and 31.3.2017Common size Balance sheet as on 31.3.2016 anc 31.3.2016 | 31.3.2017 | Particulars Rs. Rs. I. Equity and Liabilities (1) Share holders funds (a) Share capital 2,00,000 |. 2,50,000 (b) Reserves and surplus Reserve 1,00,000 | 1,50,000 2. Non-cyrrent Liabilities Long term Loans 2,00,000 | 1,00,000 3. Current Liabilities Trade payable 3,00,000 | 4,00,000 Total 8,00,000 | 9,00,000 | II. Assets 1. Non-current assets (a) Fixed assets (i) Tangible assets Buildings 2,00,000 | 2,50,000 Plant 2,00,000 | 2,50,000 2. Current assets . Inventory 3,50,000 | 3,25,000 Cash and cash equivalent 50,000 75,000 Total 8,00,000 | 9,00,000| Total : — ae EI FINAN SNK 8,00,000 | 100% | 9,00,000 100% : The same fc 00, Te Note: Th Ormat can be followed even while answering other questions like QNo. 40, 42, and 43. 42. *Prepare common size Balance sheet of . + . Raj Co. Ltd., as at March 31, 2014 given information: [NCERT PIN IO belt omen Particulars 2015 | 2014 | | | I. Equity and Liabilities | (a) Share capital 20,00,000 | 15,00,000 (b) Reserve and Surplus 3,00,000 | 4,00,000 2. Non-current Liabilities Long term borrowings 9,00,000 | 6,00,000 3. Current Liabilities Trade payables 3,00,000 | 2,00,000 Total 35,00,000 | 27,00,000 I. Assets 1. Non-current assets (a) Fixed assets - Tangible assets 20,00,000 | 15,00,000 - Intangible assets 9,00,000 | 6,00,000 (b) Current assets - Inventories 3,00,000 } 4,00,000 - Cash and cash equivalents 3,00,000 | 2,00,000 Total 35,00,000 | 27,00,000 II PU Accountancy Student's illuminator