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प्रश्न
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% |
उत्तर
Comparative Statement of Profit & Loss
For the year ended 31st March 2017 and 2018
| Particulars |
Note No. |
2016-17 (₹) |
2017-18 (₹) |
Absolute Change (₹) |
Percentage Change |
| I. Revenue from Operations | 10,00,000 | 12,00,000 | 2,00,000 | 20% | |
| II. Other Income (% of Revenue from Operations) |
2,50,000 | 3,00,000 | 50,000 | 20% | |
| III. Total Revenue (I + II) | 12,50,000 | 15,00,000 | 2,50,000 | 20% | |
| Less: Employee Benefit Expenses (% of Total Revenue) | 3,75,000 | 6,00,000 | 2,25,000 | 60% | |
| IV. Profit before Interest and Tax | 8,75,000 | 9,00,000 | 25,000 | 2.86% | |
| Less: Tax @ 40% | 3,50,000 | 3,60,000 | 10,000 | 2.86% | |
| V. Profit After Interest and Tax | 5,25,000 | 5,40,000 | 15,000 | 2.86% |
APPEARS IN
संबंधित प्रश्न
Following is the statement of Profit and Loss of DD Ltd. For the year ended 31-3-2015.
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
Revenue from operations Other Income Employee benefit – expenses 60% of total revenue Other expenses 10% of employee benefit expenses Tax Rate |
75,00,000 1,50,000
40% |
34,00,000 3,00,000
50% |
The motto of DD 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 DD 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 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%.
From the following Statement of profit and loss of the year ended 31st March 2013, prepare a comparative statement of Profit and Loss ‘of Better Sales Ltd.
| Particulars | 2012-13 Rs | 2011-12 Rs |
|
Revenue from operation Other expenses Expenses |
7,00,000 75,000 4,50,000 |
5,00,000 1,00,000 3,75,000 |
Rate of Income tax was 50%.
Give any two differences between horizontal analysis and vertical analysis of financial statements.
Answer the following in brief :
What is comparative financial statement?
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% |
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 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 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 |
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 Statement of Profit and Loss provides information about:
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 | |
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) | ?? |
