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प्रश्न
From the following Balance Sheets of Vinayak Ltd. as at 31st March, 2019, prepare a comparative Balance Sheet.
Vinayak Ltd.
Balance Sheet as at 31st March, 2019
| Particulars |
Note No. |
31-03-19(₹) |
31-03-18(₹) |
|
| Equity and Liabilities |
|
|
|
|
| (1) | Shareholders Funds |
|
|
|
| (a) Share capital |
|
21,00,000 |
20,00,000 |
|
| (b) Reserves and Surplus |
|
2,30,000 |
2,00,000 |
|
| (2) | Non-current liabilities |
|
|
|
| Long term borrowing |
|
5,60,000 |
2,00,000 |
|
| (3) | Current liabilities |
|
|
|
| Trade payables |
|
2,80,000 |
1,00,000 |
|
| Total |
|
31,70,000 |
25,00,000 |
|
| Assets |
|
|
|
|
| (1) | Non-current Assets |
|
|
|
| Fixed Assets |
|
|
|
|
| (i) Tangible assets |
|
21,00,000 |
20,00,000 |
|
| (ii) Intangible assets |
|
3,00,000 |
2,00,000 |
|
| (2) | Current Assets |
|
|
|
| (a) Inventories |
|
5,60,000 |
2,00,000 |
|
| (b) cash and cash equivalents |
|
2,10,000 |
1,00,000 |
|
| Total |
|
31,70,000 |
25,00,000 |
उत्तर
In the books of Vinayak Ltd.
Comparative Balance Sheet
as at 31st March 2018 and 31st March 2019
| Particulars |
2018 (₹) |
2019 (₹) |
Absolute Change (C = B - A) |
Percentage Change `("D" = "C"/"A" xx 100)` |
| I. Equity and Liabilities | ||||
| 1. Shareholders’ Funds | ||||
| a. Equity Share Capital |
20,00,000 | 21,00,000 | 1,00,000 | 5 |
| b. Reserve and Surplus | 2,00,000 | 2,30,000 |
30,000 |
15 |
| Shareholders’ Fund | ||||
| 2. Non-Current Liabilities | ||||
| a. Long-term Borrowings | 2,00,000 | 5,60,000 | 3,60,000 | 180 |
| 3. Current Liabilities | ||||
| Trade Payables | 1,00,000 | 2,80,000 | 1,80,000 | 180 |
| Total | 25,00,000 | 31,70,000 | 6,70,000 | 26.8 |
| II. Assets | ||||
| 1. Non-Current Assets |
||||
| Fixed Asset | ||||
| a. Tangible | 20,00,000 | 21,00,000 | 1,00,000 | 5 |
| b. Intangible | 2,00,000 | 3,00,000 | 1,00,000 | 50 |
| 2. Current Assets | ||||
| Inventories | 2,00,000 | 5,60,000 | 3,60,000 | 180 |
| b. Cash and Cash Equivalents | 1,00,000 | 2,10,000 | 1,10,000 | 110 |
| Total | 25,00,000 | 31,70,000 | 6,70,000 | 26.8 |
APPEARS IN
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.
From the following Statement of profit and loss of the year ended 31st March, 2013; prepare a comparative statement of Profit and Loss of Good Service Ltd.
| Particulars | 2012-13 (Rs.) | 2011-12 (Rs.) |
| Revenue from operation | 20,00,000 | 15,00,000 |
| Other expenses | 10,00,000 | 4,00,000 |
| Expenses | 21,00,000 | 15,00,000 |
Rate of Income tax was 50%.
The motto of 'Pharma Ltd', a company engaged in the manufacturing of low-cost generic medicines, is 'Healthy India'. Its management and employees are hardworking, honest and motivated. The net profit of the company doubled during the year ended 31-3-2014. Encouraged by its performance, the company decided to pay the bonus to all employees at double the rate than last year. Following is the Comparative Statement of Profit and Loss of the company for the years ended 31-3-2013 and 31-3-2014.
| Pharma Ltd Comparative Statement of Profit and Loss |
|||||
| Particulars | Note No. |
2012-13 Rs |
2013-14 Rs |
Absolute Rs |
% Change |
|
Revenue from operations Less Employee benefit expenses Profit before tax Tax Rate 25% Profit after tax |
20,00,000 12,00,000 8,00,000 2,00,000 6,00,000 |
30,00,000 14,00,000 16,00,000 4,00,000 12,00,000 |
10,00,000 2,00,000 8,00,000 2,00,000 6,00,000 |
50 16-87 100 100 100 |
|
1) Calculate Net Profit Ratio for the years ending 31st March, 2013 and 2014
2) Identify any two values which ‘Pharma Ltd’ is trying to propagate
The motto of 'Nav Hind Pharma Limited', a company engaged in the manufacturing and distribution of Ayurvedic medicines is 'Healthy India'. Its management and employees are hardworking, honest and motivated. The net profit of the company doubled during the year ended 31.3.2014. Encouraged by its performance, the company decided to pay one month's extra salary to all its employees. Following is the Comparative Statement of Profit and Loss of the company for the years ended 31.3.2013 and 31.3.2014:
| Nav Hind Pharma Ltd Comparative Statement of Profit and Loss |
|||||
| Particulars | Note No |
2012-13 Rs |
2013-14 Rs |
Absolute Rs |
% Change |
| Revenue from operations | 40,00,000 | 60,00,000 | 20,00,000 | 5.0 | |
| Less : Employee benefit expenses | 24,00,000 | 28,00,000 | 4,00,000 | 16.67 | |
| Profit before tax | 16,00,000 | 32,00,000 | 16,00,000 | 100 | |
| Tax Rate 50% | 8,00,000 | 16,00,000 | 8,00,000 | 100 | |
| Profit after tax | 8,00,000 | 16,00,000 | 8,00,000 | 100 | |
1) Calculate New Profit Ratio for the years ending 31.3.2013 and 31.3.2014
2) Identify any two value which 'Nav Hind Pharma Limited' is trying to communicate
From the following Statement of profit and loss of Corex Ltd, year ended 31st March 2013, prepare a comparative statement of Profit and Loss :
| Particular | Note No. |
2012-13 Rs |
2011-12 Rs |
| Revenue from operation | 14,00,000 | 11,00,000 | |
| Other expenses | 2,00,000 | 1,40,000 | |
| Expenses | 8,00,000 | 9,00,000 |
Rate of Income tax was 40%.
Explain the following :
Comparative income statement
Solve the following :
If office expenses of two different periods are Rs 4,000 and Rs 5,000 respectively and sales for same two periods are Rs 1,00,000 and Rs 2,00,000 respectively then what is absolute change and percentage?
Prepare Comparative Income Statement from the following information:
| Particulars | 2016-17 Rs. |
2015-16 Rs. |
| Freight Outward | 20,000 | 10,000 |
| Wages (office) | 10,000 | 5,000 |
| Manufacturing Expenses | 50,000 | 20,000 |
| Stock adjustment | (60,000) | 30,000 |
| Cash purchases | 80,000 | 60,000 |
| Credit purchases | 60,000 | 20,000 |
| Returns inward | 8,000 | 4,000 |
| Gross profit | (30,000) | 90,000 |
| Carriage outward | 20,000 | 10,000 |
| Machinery | 3,00,000 | 2,00,000 |
| Charge 10% depreciation on machinery | 10,000 | 5,000 |
| Interest on short-term loans | 20,000 | 20,000 |
| 10% debentures | 20,000 | 10,000 |
| Profit on sale of furniture | 20,000 | 10,000 |
| Loss on sale of office car | 90,000 | 60,000 |
| Tax rate | 40% | 50% |
Prepare Comparative Income Statement from the following information:
| Particulars | 2015-16 Rs. |
2016-17 Rs. |
| Manufacturing expenses | 35,000 | 80,000 |
| Opening stock | 30,000 | 60% of closing stock |
| Sales | 9,60,000 | 4,50,000 |
| Returns outward | 4,000 (out of credit purchase) | 6,000 (out of cash purchase) |
| Closing stock | 150% of opening stock | 1,00,000 |
| Credit purchases | 1,50,000 | 150% of cash purchase |
| Cash purchases | 80% of credit purchases | 40,000 |
| Carriage outward | 10,000 | 30,000 |
| Building | 1,00,000 | 2,00,000 |
| Depreciation on building | 20% | 10% |
| Interest on bank overdraft | 5,000 | - |
| 10% debentures | 2,00,000 | 20,00,000 |
| Profit on sale of copyright | 10,000 | 20,000 |
| Loss on sale of personal car | 10,000 | 20,000 |
| Other operating expenses | 20,000 | 10,000 |
| Tax rate | 50% | 40% |
Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019:
|
Particulars |
Note No. |
31st March, 2019, (₹) |
31st March, 2018, (₹) |
|
I. EQUITY AND LIABILITIES 1. Shareholders' Funds |
|||
|
(a) Share Capital |
15,00,000 |
10,00,000 |
|
|
(b) Reserves and Surplus |
10,00,000 | 10,00,000 | |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
|
8,00,000 |
2,00,000 |
|
3. Current Liabilities |
|||
|
(a) Trade Payables |
|
5,00,000 |
3,00,000 |
|
Total |
38,00,000 |
25,00,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
Fixed Assets: |
|||
|
(i) Tangible Assets |
|
25,00,000 |
15,00,000 |
|
(ii) Intangible Assets |
5,00,000 | 5,00,000 | |
|
2. Current Assets |
|||
|
(a) Trade Receivables |
|
6,00,000 |
3,50,000 |
|
(b) Cash and Cash Equivalents |
2,00,000 |
1,50,000 |
|
|
Total |
38,00,000 |
25,00,000 |
You are required to prepare Comparative Balance Sheet on the basis of the information given in the above Balance Sheet.
Balance Sheet of Blue Bell Ltd. as at 31st March, 2019 is given below:
BALANCE SHEET
as at 31st March, 2019
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
I. EQUITY AND LIABILITIES 1. Shareholder's Funds |
|||
|
(a) Share Capital |
3,26,000 |
2,44,000 |
|
|
(b) Reserves and Surplus |
|
1,00,000 |
1,00,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
|
6,96,000 |
4,38,000 |
|
3. Current Liabilities |
|||
|
Trade Payables |
|
2,98,000 |
78,000 |
| Total |
14,20,000 |
8,60,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets |
5,68,000 | 4,30,000 | |
|
(b) Non-Current Investments |
|
6,000 |
4,000 |
|
2. Current Assets |
|||
|
(a) Trade Receivables |
|
6,46,000 |
3,76,000 |
|
(b) Cash and Cash Equivalents |
2,00,000 |
50,000 |
|
|
Total |
14,20,000 |
8,60,000 |
Prepare Comparative Balance Sheet showing percentage changes from 2018 to 2019.
From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES
1. Shareholder's Funds |
|||
|
(a) Share Capital |
|||
|
Equity Share Capital |
10,00,000 |
5,00,000 |
|
|
(b) Reserves and Surplus |
1,00,000 |
1,00,000 |
|
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
2,00,000 |
3,00,000 |
|
|
3. Current Liabilities |
|||
|
Trade Payables |
2,00,000 |
1,00,000 |
|
|
Total |
15,00,000 |
10,00,000 |
|
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets: |
|||
|
(i) Tangible Assets |
8,00,000 |
4,00,000 |
|
|
(ii) Intangible Assets |
2,00,000 |
2,00,000 |
|
|
(b) Non-Current Investments |
2,00,000 |
2,00,000 |
|
|
2. Current Assets |
|||
|
(a) Inventories |
2,50,000 |
1,50,000 |
|
|
(b) Cash and Cash Equivalents |
50,000 |
50,000 |
|
|
Total |
15,00,000 |
10,00,000 |
From the following Balance Sheet of Depth Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
I. EQUITY AND LIABILITIES |
|||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
2,80,000 |
1,80,000 |
|
|
(b) Reserves and Surplus |
1,00,000 |
1,00,000 |
|
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
80,000 |
20,000 |
|
|
3. Current Liabilities |
|||
|
Trade Payables |
50,000 |
30,000 |
|
|
Total |
5,10,000 |
3,30,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets: |
|||
|
(i) Tangible Assets |
2,80,000 |
1,80,000 |
|
|
(ii) Intangible Assets |
50,000 |
30,000 |
|
|
(b) Non-Current Investments |
80,000 |
50,000 |
|
|
2. Current Assets |
|||
|
(a) Inventories |
70,000 |
30,000 |
|
|
(b) Cash and Cash Equivalents |
30,000 |
40,000 |
|
|
Total |
5,10,000 |
3,30,000 |
From the following Balance Sheet of H.P. Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
I. EQUITY AND LIABILITIES |
|||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital: |
|||
|
(i) Equity Share Capital |
12,50,000 |
5,00,000 |
|
|
(ii) Preference Share Capital |
2,50,000 |
2,50,000 |
|
|
(b) Reserves and Surplus |
3,00,000 |
4,50,000 |
|
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings: 12% Debentures |
9,50,000 |
5,50,000 |
|
|
Loan from Directors |
2,50,000 |
2,00,000 |
|
|
3. Current Liabilities |
|||
|
(a)Short-term Borrowings |
3,50,000 |
1,75,000 |
|
|
(b) Trade Payables |
2,00,000 |
1,00,000 |
|
|
(c) Short-term Provisions |
50,000 |
25,000 |
|
|
Total |
36,00,000 |
22,50,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets (Tangible) |
22,50,000 |
15,00,000 |
|
|
2. Current Assets |
|||
|
(a) Inventories |
4,50,000 |
2,50,000 |
|
|
(b) Trade Receivables |
8,00,000 |
4,50,000 |
|
|
(c) Cash and Cash Equivalents |
1,00,000 |
50,000 |
|
|
Total |
36,00,000 |
22,50,000 |
From the following Information, prepare Comparative Statement of Profit and Loss:
|
Particulars |
31st March, 2019 |
31st March, 2018 |
||
|
Revenue from Operations |
₹ 30,00,000 |
₹ 20,00,000 |
||
|
Other Income (% of Revenue from Operations) |
12% |
20% |
||
| Expenses (% of Operating Revenue) |
70% |
60% |
||
| Tax Rate |
40% |
40% |
||
From the following information, prepare Comparative Statement of Profit and Loss showing increase, decrease and percentage:
| Particulars | 31st March, 2019 |
31st March, 2018 |
||
| Cost of Materials Consumed | ₹ 13,44,000 |
₹ 6,00,000 |
||
| Revenue from Operations (% of Materials Consumed) | 125% |
200% |
||
| Other Expenses (% of Operating Revenue) | 10% | 10% | ||
| Tax Rate | 50% | 50% | ||
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%.
From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Income | |||
|
Revenue from Operations (Net Sales) |
20,00,000 | 17,50,000 | |
|
Other Income |
75,000 |
50,000 | |
|
Total |
20,75,000 | 18,00,000 | |
| II. Expenses |
|
||
|
Purchases of Stock-in-Trade |
11,60,000 | 10,00,000 | |
|
Change in Inventories of Stock-in-Trade |
10,000 | (25,000) | |
|
Employees Benefits Expenses |
1 | 3,00,000 | 3,00,000 |
|
Depreciation and Amortisation Expenses |
50,000 | 50,000 | |
|
Other Expenses |
2 |
90,000 |
75,000 |
|
Total |
16,10,000 |
14,00,000 | |
| III. Net Profit (I-II) | 4,65,000 | 4,00,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Employees Benefit Expenses | ||
|
Wages |
3,00,000 |
3,00,000 |
| 2. Other Expenses | ||
|
Administrative and General Expenses |
70,000 |
50,000 |
|
Miscellaneous Expenses |
20,000 |
25,000 |
|
90,000 |
75,000 |
Prepare a comparative statement of Profit and Loss from the following information extracted from the statement of Profit and Loss for the year ended 31st March, 2017 and 2018.
| Particulars | 2017-18 | 2016-17 |
| Revenue from operations | (₹) 12,00,000 | (₹)10,00,000 |
| Other income (% of Revenue from operations) | 25% | 25% |
| Employee benefit expenses(% of Total Revenue) | 40% | 30% |
| Tax Rate | 40% | 40% |
Comparative statement are also known as?
Which of the following cannot be identified with the help of Comparative Statement of Profit and Loss?
From the information extracted from the Statement of Profit and Loss prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2021:
| Particulars | 2020 - 21 (₹) | 2019 - 20 (₹) |
| Revenue from operations | 7,20,000 | 4,00,000 |
| Expenses | 5,00,000 | 2,00,000 |
| Tax Rate @ 50% |
From the following Balance Sheet of J. J. Ltd. prepare a Comparative Balance Sheet as at 31.3.2022:
| J. J. Ltd. Balance Sheet as at 31.3.2022 |
|||
| Particulars | Note No. | 31.3.2022 (₹) | 31.3.2021 (₹) |
| I. Equity and Liabilities | |||
| 1. Shareholders' Funds | |||
| (a) Equity Share Capital | 25,00,000 | 20,00,000 | |
| (b) Reserves and Surplus | 5,00,000 | 4,00,000 | |
| 2. Non-Current Liabilities | |||
| Long-term borrowings | 10,00,000 | 10,00,000 | |
| 3. Current Liabilities | |||
| Trade payables | 2,00,000 | 1,00,000 | |
| Total | 42,00,000 | 35,00,000 | |
| II. Assets | |||
| 1. Non Current Assets | |||
| Fixed Assets | 30,00,000 | 25,00,000 | |
| 2. Current Assets | |||
| Inventories | 12,00,000 | 10,00,000 | |
| Total | 42,00,000 | 35,00,000 | |
From the following information, prepare comparative statement of Profit & Loss.
| Particulars | Note No. | 2022-23 (₹) | 2021-22 (₹) |
| Revenue from operations | 10,00,000 | 8,00,000 | |
| Other Income | 2,20,000 | 1,50,000 | |
| Cost of materials consumed | 4,00,000 | 3,00,000 | |
| Change in inventories of finished goods and work in progress | 2,00,000 | 1,00,000 | |
| Other Expenses (% of cost of Revenue from Operations) | 15% | 10% | |
| Tax Rate | 30% | 30% |
Following is the Comparative Income Statement of Violet Ltd. for the years ending 31-3-2023 and 31-3-2022.
You are required to present the Comparative Income Statement in its complete form after calculating the missing information represented by "??".
| Comparative Income Statement of Violet Ltd. For the years ending 31-3-2023 and 31-3-2022 |
||||
| Particulars | 31-03-2023 (₹) | 31-03-2022 (₹) | Absolute change | % Change |
| Revenue from Operations | ?? | 7,098 | 364 | ?? |
| Expenses | 8,998 | 7,931 | ?? | ?? |
| Net Profit | ?? | (833) | (703) | ?? |
