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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

A limited company’s sales have increased from ‘ 1,25,000 to 1,50,000. How does this appear in the comparative income statement? - Accountancy

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Question

A limited company’s sales have increased from ‘ 1,25,000 to 1,50,000. How does this appear in the comparative income statement?

Options

  • +20%

  • +120%

  • -120%

  • -20%

MCQ

Solution

+20%

shaalaa.com
Preparation of Comparative Statements
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Chapter 8: Financial Statement Analysis - Multiple choice questions [Page 285]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 8 Financial Statement Analysis
Multiple choice questions | Q I 8. | Page 285

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From the following particulars, prepare a comparative .statement of the financial position of Muthu Ltd.

Particulars 31st March 2017 (₹) 31st March 2018 (₹)
I. Equity and Liabilities    
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Non-current liabilities 1,50,000 1,65,000
Current liabilities 75,000 82,500
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From the following particulars, prepare a comparative statement of the financial position of Kala Ltd.

Particulars 31st March, 2017
(₹)
31st March, 2018
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I. EQUITY AND LIABILITIES    
1. Shareholders' Fund    
a) Share capital 3,00,000 3,60,000
b) Reserves and surplus 50,000 50,000
2. Non-current liabilities    
Long-term borrowings 50,000 40,000
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Total 4,20,000 4,62,000
II. ASSETS    
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