Professional Documents
Culture Documents
Anand K S
31/3/2007
1/4/2006
50,00,000
50,00,000
Fixed Assets
72,00,000
60,00,000
12,00,000
10,00,000
Investments
10,00,000
10,00,000
30,00,000
30,00,000
Current assets
21,00,000
30,00,000
Current liabilities
11,00,000
10,00,000
2006
2007
Assets
2006
2007
Share capital
6,00,000
8,00,000
3,70,000
2,70,000
3,30,000
2,22,000
4,00,000
6,00,000
Debentures
2,00,000
3,00,000
20,000
25,000
1,50,000
2,00,000
25,000
30,000
BP
50,000
45,000
Cash
20,000
80,000
Creditors
1,00,000
1,20,000
BR
1,50,000
90,000
5,000
10,000
Debtors
2,00,000
2,50,000
Stock
2,50,000
3,50,000
Prepaid Expenses
Nil
2,000
14,35,000
16,97,000
14,35,000
16,97,000
2006
2007
Net sales
785
900
450
500
70
80
72
90
25
70
30
80
Operating expenses:
General and Admin expenses
Selling expenses
Non-Operating Expenses
Interest paid
Income tax
Anand K S
Amount
Amount
Sales
120% of COGS
50% of COGS
20,00,000
25,00,000
Indirect expenses
10% of GP
10% of GP
50% of PBT
50% PBT
5. From the following information prepare comparative balance sheet and comparative income statement.
Income Statement
Particulars
2005
2006
Particulars
2005
2006
To general expenses
10,000
10,000
By net sales
4,00,000
5,00,000
COGS
3,00,000
3,75,000
To selling expenses
15,000
20,000
To N/P
75,000
95,000
4,00,000
5,00,000
4,00,000
5,00,000
Balance sheet
Liabilities
2005
2006
Assets
2005
2006
O/S expenses
50,000
75,000
Cash
50,000
70,000
Secured loans
50,000
75,000
Plant
1,50,000
1,35,000
Capital
3,50,000
3,50,000
Land
50,000
50,000
Creditors
1,00,000
1,37,500
Furniture
50,000
75,000
Reserves
1,00,000
1,22,500
Building
1,50,000
1,35,000
Debtors
1,00,000
1,50,000
Stock
1,00,000
1,50,000
6,50,000
7,60,000
6,50,000
7,60,000
Anand K S