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Question
Which of the following is not a tool of financial statement analysis?
Options
Trend analysis
Common size statement
Comparative statement
Standard costing
Solution
Standard costing
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From the Balance Sheet of Amar Traders as on 31st March 2018 and 31st, March 2019 prepare comparative Balance Sheet.
| Liabilities | 31.3.2018 (₹) | 31.3.2019 (₹) | Assets | 31.3.2018 (₹) | 31.3.2019 (₹) |
| Capital | 60,000 | 72,000 | Fixed Assets | 1,20,000 | 1,50,000 |
| Reserves and Surplus | 24,000 | 30,000 | Current Assets | 28,000 | 27,000 |
| Loans | 34,000 | 51,000 | |||
| Creditors | 30,000 | 24,000 | |||
| 1,48,000 | 1,77,000 | 1,48,000 | 1,77,000 |
Prepare Comparative Balance Sheet for the year ended 31.3.17 and 31.3.18
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| 1) Current liabilities | 60,000 | 48,000 |
| 2) Fixed Assets | 2,40,000 | 3,00,000 |
| 3) Loan | 68,000 | 1,02,000 |
| 4) Share Capital | 1,20,000 | 1,44,000 |
| 5) Reserve & Surplus | 48,000 | 60,000 |
| 6) Current Assets | 56,000 | 54,000 |
Following is the Balance Sheet of Sakshi Traders for the year ended 31.3.17 and 31.3.18
| Liabilities | 31.3.17 (₹) | 31.3.18 (₹) | Assets | 31.3.17 (₹) | 31.3.18 (₹) |
| Equity Share Capital | 80,000 | 80,000 | Fixed Assets | 1,20,000 | 1,44,000 |
| Pref. Share Capita | 20,000 | 20,000 | Investment | 20,000 | 20,000 |
| Reserve & Surplus | 20,000 | 24,000 | Current Assets | 60,000 | 48,000 |
| Secured Loan | 40,000 | 16,000 | |||
| Unsecured Loan | 20,000 | 36,000 | |||
| Current Liabilities | 20,000 | 36,000 | |||
| 2,00,000 | 2,12,000 | 2,00,000 | 2,12,000 |
Prepare common-size Balance Sheet for the year 31.3.17 and 31.3.18
Following is the Balance Sheet of Param Company Ltd. as on 31st March, 2019 and 31st March, 2020:
| Liabilities | 31.3.2019 (₹) |
31.3.2020 (₹) |
Assets | 31.3.2019 (₹) |
31.3.2020 (₹) |
| Share Capital | 2,50,000 | 3,70,000 | Fixed assets | 2,80,000 | 4,40,000 |
| Reserve and Surplus | 60,000 | 1,00,000 | Current Assets | 1,30,000 | 1,20,000 |
| Current Liabilities | 1,00,000 | 90,000 | |||
| 4,10,000 | 5,60,000 | 4,10,000 | 5,60,000 |
You are required to prepare Comparative Balance Sheet of Param Company Ltd. as on 31st March. 2019 and 31st March. 2020.
From the following balance sheets of Mr. Shubham as on 1st April. 2019 & 31st March 2020. Prepare the cash flow statement.
| Liabilities | 1st April 2019 (₹) |
31st March 2020 (₹) | Assets | 1st April 2019 (₹) | 31st March 2020 (₹) |
| Capital | 1,48,000 | 1,49,000 | Stock | 25,000 | 22,000 |
| Sundry Creditors | 36,000 | 41,000 | Debtors | 35,000 | 38,400 |
| Long Term Loan | 30,000 | 45,000 | Cash | 4,000 | 3,600 |
| Buildings | 50,000 | 55,000 | |||
| Machinery | 80,000 | 86,000 | |||
| Land | 20,000 | 30,000 | |||
| 2,14,000 | 2,35,000 | 2,14,000 | 2,35,000 |
From the following Information, prepare Comparative Income Statement of Shri Shalni Ltd.
| Particulars | 2018 ₹ |
2019 ₹ |
| Sales | 6,00,000 | 4,50,000 |
| Sales Return | 1,00,000 | 50,000 |
| Gross Profit ratio | 40% | 50% |
| Office and Admin Expenses |
50,000 | 40,000 |
| Selling and Distribution Expenses |
50,000 | 40,000 |
| Other income | 25,000 | 15,000 |
| Other Expenses | 5,000 | 5,000 |
| Tax rate | 50% | 50% |
Income Statement of Surya Limited for the year ended 31-3-2022 and 31-3-2023 is given below. Prepare Comparative Income Statement.
| Particulars | 31-3-2022 (₹) | 31-3-2023 (₹) |
| Sales | 80,000 | 1,20,000 |
| Less : Cost of Sales | 44,000 | 72,000 |
| Gross Profit | 36,000 | 48,000 |
| Less : Indirect Expenses | 16,000 | 20,000 |
| Net Profit before Tax | 20,000 | 28,000 |
| Less : Income Tax 50% | 10,000 | 14,000 |
| Net Profit after Tax | 10,000 | 14,000 |
