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प्रश्न
Give any two differences between horizontal analysis and vertical analysis of financial statements.
उत्तर
Horizontal analysis and Vertical analysis of financial statements :
| Horizontal analysis | Vertical analysis | |
| 1 | It is concluded for two or more accounting periods. | It is conducted for one accounting period. |
| 2 | Same items for different accounting periods are analysed. |
Different items for the same period are analysed. |
| 3 | It provides information in absolute and percentage form. |
It provides information in percentage form. |
| 4 | This analysis can be done by preparing Comparative Balance Sheet/Statement of P/L |
This analysis can be done by preparing Common Size Balance Sheet/Statement of P/L |
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संबंधित प्रश्न
Following is the statement of Profit and Loss of Sun India Ltd. For the year ended 31st March. 2015:
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
Revenue from operations Other Income Employee benefit – expenses Other expenses Tax Rate |
25,00,000 1,00,000 60% of total revenue 10% of employee benefit expenses 50% |
20,00,000 5,00,000 50% of total revenue 20% of employee benefit expenses 40% |
The motto of Sun India Ltd is to produce and supply green energy in the rural areas of India. It has also taken up a project of constructing a road that will pass through five villages, so that these villages could be connected to the nearby town. It will use the local resources and employ local people for construction of the road.
You are required to prepare a Comparative Statement of Profit and Loss of Sun India Ltd from the given statement of Profit and Loss. Also identify any two values that the company wishes to convey to the society.
Following is the Statement of Profit and Loss of Moon India Ltd for the year ended 31st March 2015.
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
Revenue from operations Other Income Employee benefit – expenses Other expenses Tax Rate |
50,00,000 2,00,000 60% of the total revenue 10% of employee benefit expenses 50% |
40,00,000 10,00,000 50% of the total revenue 20% of employee benefit expenses 40% |
The motto of Moon India Ltd. is to produce and distribute green energy in the backward areas of India. It has also taken up a project of giving vocational training to the girls belonging to the backward areas of Rajasthan.
You are required to prepare a comparative statement of Profit and Loss of Moon India Ltd. from the given statement of Profit and Loss and also identify any two values that the company wishes to convey to the society.
From the following Statement of profit and loss of Ajanta Ltd, year ended 31st March 2013, prepare a comparative statement of Profit and Loss :
| Particular |
2012-13 Rs |
2011-12 Rs |
| Revenue from operation | 20,00,000 | 18,00,000 |
| Other expenses | 4,00,000 | 6,00,000 |
| Expenses | 19,00,000 | 17,00,000 |
Rate of Income tax was 50%.
Give one word/term/ phrase for the following statement
The statement showing profitability of two different period and its percentage change.
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 |
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 |
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% | ||
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%.
You are required to prepare a Comparative Statement of Profit & Loss from the following particulars of Nishant Ltd.
| Particulars | No. | 31.03.2021 (₹) |
31.03.2020 |
| Revenue from operations | 4,00,000 | 3,00,000 | |
| Cost of raw materials consumed | 2,00,000 | 1,50,000 | |
| Changes in inventories of raw materials |
25,000 | (12,500) |
Comparative Balance Sheet:
