FORMAT OF COMPARATIVE BALANCE SHEET COMPARATIVE BALANCE SHEET as at... Particulars a) Note | No. Q) Previous Year z (A) 3) Current Year id (8) (4) Absolute Change | Percentage Change (Increase/Decrease) Increase/Decrease) z — =f | (o=$« 100) © (C=B-A) (5) 1. EQUITY AND LIABILITIES 1, Shareholders’ Funds (a) Share Capital: (i) Equity Share Capital (id) Preference Share Capital (0) Reserves and Surplus 2, Non-Current Liabilities (a) Long-term Borrowings (6) Long-term Provisions 3. Current Liabilities (a) Short-term Borrowings (0) Trade Payables (€) Other Current Liabilities (d) Short-term Provisions Total I ASSETS 1. Non-Current Assets (a) Property, Plant and Equipment (Fined Assets): (i) Tangible Assets (i) Intangible Assets (b) ‘Non-current Investments (€)_ Long-term Loans and Advances 2. Current Assets (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents (e) Short-term Loans and Advances (f) Other Current Assets Total Lael i beat Notes: 1. reflect negative item. If current year’s value has decreased, show the Absolute change and Percentage change in brackets t0 2. The illustrations and questions do not include entries, accounting treatment of which will not be asked in the examination such as Money Received against Share Warrants, Share Application Money Pending ‘Allotment, Deferred Tax Liabilities (Net) and Deferred Tax Assets (Net), etc. Scanned with CamScannerFORMAT OF COMPARATIVE STATEMENT OF PROFIT AND LOSS COMPARATIVE STATEMENT OF PROFIT AND LOSS for the years ended... Particulars Note | Figures for | Figures for Absolute Percentage No, the Previous| the Current Change (Increase Change (Increase Year (@) ‘Year(%) or Decrease) (@) or Decrease) (9%) ” a! @ @ o | © “ ®) c=B-a — (D=Ext00) |. Revenue from Operations |, Other income Ml Total Revenue (t+ 11) \V. Expenses ol | (a) Cost of Materials Consumed - (b) Purchases of Stock-in-Trade (0) Changesiin Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade (d) Employees Benefit Expenses (e) Finance Costs (A) Depreciation and Amortisation Expenses (@) Other Expenses Total Expenses V. Profit before Tax (It 1) Vi. Less: Income Tax Vil, Profit after Tax(V-VI) Note: /f current year’s value has decreased, show the Absolute change and Percentage change in brackets so as to reflect negative item. Scanned with CamScannerComparative Balance Sheet 1. From the following information, prepare Comparative Balance Sheet of Sunrise Ltd.: Particulars 31st March, 31st March, = 2020 (®) 2021) Shareholders'Funds 15,00,000 22,50,000 Non-current Liat 7,50,000 7,50,000 Current Liabilities 2,50,000 7,50,000 Non-current Assets: 17,50,000 26,25,000 Current Assets 7,50,000 11,25,000 [Ans.: Particulars Shareholders’ | Non-current | Current ‘Non-current Current Funds abilities | Liabilities Assets Assets ‘Absolute Change %) 7,50,000 = $,00,000 875,000 3,75,000 Percentage Change (%) 50.00 7 200.00 50.00 5000 2. From the following Balance Sheet, prepare Comparative Balance Sheet of Varun Ltd. Particulars Note No. | 31stMarch, | 31st March, 20212) | 2020(%) 1. EQUITY AND LIABILITIES 1, Shareholders’ Funds Share Capital 3,50,000 3,00,000 2. Non-Current Liabilities Long-term Borrowings 1,00,000 2,00,000 3. Current Liabilities Trade Payables 1150000 | _1,00,000 Total 6,00,000_| 600,000 N, ASSETS 1, Non-Current Assets: Property, Plant and Equipment (Fixed Assets)—Tangible 4,00,000 3,00,000 2. Current Assets Trade Receivables 2,00,000 | _ 3,00,000 Total 600,000 | 600,000 (Ans.: Partielors Shareholders’ | Non-current | ° Current Non-current Current Funds Liabilities .| Liabilities Assets Assets Absolute Change ®) 50,000 (1,00,000) 50,000 1,00,000 1,00,000) a 1667 50.00) 50.00 33.33 (3333) Scanned with CamScannerq 3.30 Analysis of Financial Statements—CBSE xy 3. Following is the Balance Sheet of J.R. Ltd, as at 31st March, 2021: | Note No. | 31stMarch, | 31st March, a 20218) | 2020) Ee = == eee J. EQUITY AND LIABILITIES | 1, Shareholders’ Funds . (a) Share Capital | 15.00.00" | 1000009 (b) Reserves and Surplus 10,00,000 | 10,00,099 2. Non-Current Liabilities Long-term Borrowings 8.00000 | 2,00,000 3. Current Liabilities Trade Payables 500000 | 300000 Total 38,00,000 25,00,000 I, ASSETS 1, Non-Current Assets Property, Plant and Equipment (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 3,50,000 (b) Cash and Cash Equivalents 1,50,000 Total [25,0000 You are required to prepare Comparative Balance Sheet on the basis of the information given in the above Balance Sheet. [Ans.: Particulars Shareholders’ | Non-current | Current Non-current Current Funds Liabilities Liabilities Assets Assets Absolute Change ®) 5,00,000 6,00,000 2,00,000 10,00,000 3,00,000 Percentage Change (%) 25.00 300.00 66.67 50.00 60.00 1 4, Balance Sheet of Raja Ltd. as at 31st March, 2021 is given below: BALANCE SHEET as at 31st March, 2027 : Particulars NoteNo.| 31st March, | 31st March 2021(@) | 20208) 1. EQUITY AND LIABILITIES |. Shareholders’ Funds (>) share Capa 3.26000 | 244000 (b) Reserves and Surplus 00. 100,000 2. Non-Current Liabilities ee Long-term Borrowings 38,000 3. Current Liabilities A800.) Trade Payables ae 73,000 Total a 60,000. nett 14,20,000_| 8 1. Non-Current Assets (2) Property Plant and Equipment (Fixed Assets) 568.000 | 430,000 (b)_Non-Current investments poo | 4000 2. Current Assets : (a) Trade Receivables 3.76000 (b) Cash and Cash Equivalents een ees Total 14,20,000 | 860,000 Prepare Comparative Balance Sheet showing percentage changes from 2020 te 201; Scanned with CamScannerComparative Statements and Common-Size Statements 3.31 (ans. Particulars Shareholders’ | Non-current | Current | Property, Plant | Non-Current | Current Funds Liabilities | Liabilities | ond Equipment| Investments | Assets (Fixed Assets) ‘Absolute Change ®) 82,000 258,000 | 220000 | 1,36,000 2,000 4,20,000 Percentage Change(%) | __ 23.84 58.90 28205 | 3209 $0.00 9859 5. Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2021: Particulars Note No.| 31stMarch, | 31stMarch, 20218) | _2020@) 1. EQUITY AND LIABILITIES 1. Shareholders'Funds (a) Share Copia: (i) Equity Share Capital 400,000 | 4,00,000 (id) Preference Share Capital 100000 | 1,00,000 (b) Reserves and Surplus 1.20000 | —1,10,000 2, Non-Current Liabilities (a) Long-term Borrowings 1 | 450,000 | 450,000 {b) Long-term Provisions 0,000 | 1,00,000 3. Current Liabilities ; (a) Trade Payables (Creditors) . 530,000 | 330,000 (b) Short-term Provisions 50,000 50,000 Total 17,00,000_|_15,40,000 I, ASSETS 1. Non-Current Assets (@) Property, Plant and Equipment (Fixed Assets)—Tangible 990,000 | 10,40,000 (b) Non-Current Investments 100,000 | — 1,00,000 2. Current Assets (a) Trade Receivables 5,00,000 300,000 (0) Cash and Cash Equivalents 2 |__1,10000 | _ 1.00000 Total 77,00,000_| _15.40,000 Notes to Accounts Particulars 31st March, | 31st March, 2021%) | 2020) 1. Long-term Borrowings Bank Loan. 8% Debentures 3,50,000 | 4,50,000 1,00,000 4,50,000_| _4,50,000 2. Cash and Cash Equivalents Bank Balance Cash in Hand 1,00,000 90,000 10,000 10,000 1,10,000 | __1,00,000 Jou are required to comment upon the changes in absolute figures from one period to another. {Ans Share Capital: No change; Reserves and Surplus—X 10,000 (Increase): Long-term Borrowings: Bank Loan—X 1,00,000 (Decrease); 8% Debentures— 1,00,000 (Increase); ‘Long-term Provisions—X 50,000 (Decrease); Current Liablities—X 2,00,000 (Increase); ‘Property, Plant and Equipment (Fixed Assets)—Tangible— 50,000 (Decrease); Current Assets—E 2,10,000 (Inerease).] Scanned with CamScanner3.32 Analysis of Financial Statements—CBSE yy 6. From the following Balance Sheet of Royal industries Ltd. as at 31st March, 2021, prepare Comparative Balance Sheet: or NoteNo.| 31stMarch, | 31stMargy 2021) | 20200) 1. EQUITY AND LIABILITIES | 1. Shareholders’ Funds (a) Share Capital: | Equity Share Capital 1000000 | 500.009 (b) Reserves and Surplus 100,000 | — 1,00,000 2. Non-Current Liabilities | Long-term Borrowings 2,00,000 | 3.00009 3. Current Liabilities Trade Payables 2,00,000 | 100000 Total 15,00,000_| 10,0000 1M ASSETS 1. Non-Current Assets (@) Property Plant and Equipment (Fixed Assets): (i) Tangible Assets 800.000 | 400000 Gi) Intangible Assets 2,00,000 | 200,000 (©) Non-Current investments 200,000 | 200000 2. Currents Assets 2) Inventories 2,50,000 | 1.50000 (b) Cash and Cash Equivalents 50,000 50000 Total 15,00,000 | —_10,00000 {Ans.: Porticulars Share Non-current | Current | Property, Plant and | Current Assets Capital Liabilities | Liabilities | Equipment (Fixed Assets)—Tangible Absolute Change (%) 5,00,000 (1,00,000) 100,000 4,00,000 | 1,00,000 Percentage Change (%) 100.00 (3.33) 100.00 100.00 5000 7. From the following Balance Sheet of HP. Ltd. as at 31st March, 2021, prepare Comparative Balance Sheet Particulars 1. EQUITY AND LIABILITIES 1. Shareholders’ Funds (a) Share Capital: (i) Equity Share Capital (i) Preference Share Capital (b) Reserves and Surplus 2. Non-Current Liabilities Long-term Borrowings: 12% Debentures Loan from Directors, 3. Current Liabilities (a) Short-term Borrowings (b) Trade Payables (0. Short-term Provisions Total Note | 31stMarch, | 31stMarch No. 2021) | 20200) 12,50,000 | 500,000 250,000 | 250,000 3,00,000 | 450,00 950,000 | 5,50,000 250,000 | 2,00,000 350,000 | 1,750 2,00,000 1,00,000 50,000 | 25000. 36,00,000 | _22,50,000. Scanned with CamScanner | | |Comparative Statements and Common-Size Statements 3.33 i, ASSETS 1, Non-Current Assets Property, Plant and Equipment (Fixed Assets)—Tangible 2. Current Assets (2) Inventories (b) Trade Receivables (0) Cashand Cash Equivalents Total {Ans.: Percentage Change: Share Capital 100%; Reserves (33.33%); Non-Current Liabilities 60%; Current Liabilities: Short-term Borrowings 100%; Trade Payables 100%; Short-term Provisions 100%; Property, Plant and Equipment (Fixed Assets) 50%; Current Assets 80%; Total 60%.) Comparative Statement of Profit and Loss (Income Statement) 8, Prepare Comparative Statement of Profit and Loss from the following information: Particulars ‘BAstMarch, | 31st March, 2020) 2019) Revenue from Operations '30,00,000 20,00,000 Other Income 360,000 +4,00,000 Expenses 21,00,000 12,00,000 [Ans.: Portculars Revenue | Otherncome Total Expenses | Profit before Tox from Operations Revenue ‘Bxolute Change ®) 100,000 a000, [960.000 | 9,00,000 60,000 Percentage Change (¥) 5000 (1000) 4000 7500 5.00 } 9. From the following Statement of Profit and Loss of Skills India Ltd. for the year ended 31st March, 2018 and 2019, prepare a Comparative Statement of Profit and Loss: Particulars ‘Note No. 31st March, 31st March, 2019) 2018) Revenue from Operations -45,00,000 20,00,000 Employee Benefit Expenses 10,00,000 8,00,000 Other Expenses 5,00,000 2,00,000 Tax Rate 30% (CBSE 2020, [Ans Particulars Revenue from |Employee Benefit Other Total Profit Proft Operations | Expenses | Expenses | Expenses | beforeTax | afterTox ‘Absolute Change ®) wa | 200000 | 309000 | Son000 | znan000 | 1400000 Percentage Change (#) 25 3B 150 50 2m | wo 10, Following information is extracted from the Statement of Profit and Loss of Gold Coin Ltd. for the year ended 31st March, 2015: ‘BistMarch,2015 | 31st March, 2014 Particulars i % 6000000 | —_-€45,00,000 Re Operations | x Employee Bene Expenses, %30,00,000 %2250,000 Depreciation 77,50000 %6,00,000 Other Expenses 550,000 %10,00,000, TaxRate 30% 30% Prepare Comparative Statement of Profit and Loss. Den016O Scanned with CamScanner> | 3.34 Analysis of Financial Statements—CBSE yy [Ans.: Particulars Revenue from | Employee | Depreciation | Other | Profitbefore | Tox Operations | Beneftéxp.| | Expenses | Tox | Absolute Change) | 15,00,000 | 7,50,000 | 1,50,000 | 5,50,000 50,000 15,000 Percentage Change(%) | 3333 | 3333 | 2500 55.00 7.69 7.69 ‘ 11. Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss, Particulars Note No. | 31stMarch, | 31st March, 2021) | 2020) I Income Revenue from Operations (Net Sales) 3,50,000 | _ 3.00009 U. Expenses Purchases of Stock:inTrade 210,000 | 1,80000 Change in Inventories of Stock-in-Trade 15,000 20,000 Employees Benefit Expenses 17,500 15,000 Other Expenses 7,500 5000 Total 250,000 | 2.20000 Ml, Profit before Tax (I~) 100,000 80,000 W, Less: Tax 30,000 24000 V. Profitafter Tax (ill-1V) 70,000 56,000 [Ans.: Particulars Revenue | Purchasesof | Changein | Employees] Other | Proft | Tax | Proft from | Stock-in-Tade | Inventoriesof | Benefit | Expenses | before ater Operations Stockin-Trade | Expenses Tax Tax Absolute Change®) | 50.000 | 30,000 (6,000) 2500 | 2500 | 20,000 | 6000 | 14000 Percentage Change(%s) | "1667 16.67 (25.00) 1667 _| 000 | 2500 | 2500 | 2500, | 12. Prepare a Comparative Income Statement of Bikul Ltd, with the help of the following information: Particulars 2016-17 @) 2017-18 @) Revenue from Operations 10,00,000 16,00,000 Cost of Materials Consumed 5,00,000 10,00,000 Employee Benefit Expenses 80,000 40,000 Other Indirect Expenses 60,000 80,000 Income Tax Rate 40%, (CBSE2019 [ans Particulars Revenue from | CostofMaterias| Employee | Other Total Profit Profit Operations | Consumed | Benefit Exp, | IndvectBxp.| Expenses _|before Tax| after Tox Absolute Change @) 600,000 | 5,00,000 | (40,000) | 20,000 | ~ 480,000 | 120,000] 72,000 Percentage Change(%) | 60.00 | 10000 | (50.00) | 3333 7500 | 3333 | 3333) 13, Prepare Comparative Statement of Profit and Loss from the following information: Particulars 31st March, 2021, | 31st March, 2020 Revenue from Operations %37,50,000 725,00,000 Other Income %450,000 5,00,000 Cost of Materials Consumed 250,000 %12,50,000 Other Expenses %3,75,000 %2,50,000 Tax Rate 50% 50% Scanned with CamScannerComparative Statements and Common-Size Statements 3.35 [Ans.: Particulars Revenuefrom | Other | Total Revenue | Total Profit Tax | Profit e Operations _| income | Expenses _| before Tax __| after Tax ‘Absolute Change ®) | 12,50,000 (50,000) | 12,00,000 | 11,25,000 75,000 37,500 | 37,500 Percentage Change (%) 50.00 |_(00.00) 4000 | 7500 5.00 5.00 500 14, Prepare a Comparative Statement of Profit and Loss from the information extracted of Profit and Loss for the year ended 31st March, 2017 and 2018. from the Statement Particulars 2017-182) 2016-17) Revenue from Operations —_ 15,0000 | 10,00,000 ‘Other Income (4 of Revenue from Operations) 60% 50% Employee Benefit Expenses (0b of total revenue) 40% 30% TaxRate 40% 40% (Delhi 2019) fans. Porticulars Revenuefiom | Otherincome | TotalRevenue | Employee | Profit | Profit _ Operations Benefittxp._| beforeTax | after Tax Absolute Change @) $,00,000 400,000 | 900000 | 5,10.000 | 390,000 | 2.34000 Percentage Change (8) 5000 0.00 60.00 11333 | 3714 | 37.14 15. From the following information, prepare Comparative Statement of Profit and Loss showing increase, decrease and percentage: Particulars, 31stMarch, 2021 | 31stMarch, 2020 Cost of Materials Consumed %13,44,000 | To 00 1000 Revenue from Operations (% of Materials Consumed) 125% ‘Other Expenses (% of Operating Revenue) 10% Tax Rate 50% [ans.: Particulars Revenue from Operations | Totaléxpenses | Profitbefore ax | Tax | ProftafterTax ‘Absolute Change ®) 4,80,000 7,92,000 (3,12.000) | (1,56000) | (1,56000) Percentage Change %) 40.00 10.00 (65.00) (6500) (6500) 16. From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit and Loss: Particulars NoteNo. | 3istMarch, | 31stMarch, 20182) 2017) Revenue from Operations 50,00,000 +40,00,000 Purchase of Stockin-Trade -40,00,000 30,00,000 ‘Changes in inventory 10,00,000 8,00,000 Other Expenses 500,000 400,000 Other Incomes | 2,50,000 2,00,000 (CBSE 2020) [Ans.: Particulars | Revenuefrom | Other | Purchasesof | Changein Other Total | Profit Operations | Income | Stock-inTade | Inventories of | Expenses | Expenses | After Stock-in-Trade Tax ‘Absolute Change ®) ¥a00000 — | $0,000 |” 1000,000 | 2,00,000 | 1,00,000 | 73,00,000 | 2,50,000) Percentage Change (%) 2 w 333 5 By 3095_| 1 Scanned with CamScanner3 3.36 Analysis of Financial Statements—CBSE yy 17._ From the following information, prepare Comparative Statement of Profit and Loss: Particulars 31st March, 2029 Revenue from Operations 2 16,00,000 Other Income 300,000 Cost of Materials Consumed %6,00,000 CChanges in Inventories of Finished Goods and Work-in-Progress, 2290000 Other Expenses (% of Cost of Revenue from Operations) 10% Tax Rate 30% fAns.: Absolute and Percentage Changes: Revenue from Operations = % 4,00,000; 25%, Other Income = & 1,40,000; 46.67%, Cost of Materials Consumed = & 2,00,000; 33.33%, Change in Inventories of Finished Goods and Work-in-Progress = & 2,00,000; 100%, Other Expenses = 1,00,000; 125%, Profit before Tax = 40,000; 3.92%, Profit after Tax = € 28,000; 3.92%) 18. From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss: | Particulars Note No.| 31stMarch, | 31stMarch, 2021 (%) 2020) L Income Revenue from Operations (Net Sales) 50,00,000_| _40,00000 I, Expenses Purchases of Stock in-Trade 3400.00 | 285000 Change in inventories of Stock-in-Trade 1 1100000 | 150,000 Employees Benefit Expenses 1,00,000 100000 | Other Expenses 2 2,00,000 1150000 | Total 38,00,000_| _32,50,000 | IM, Net Profit (1-1) 12,00,000 7,50,000 Notes to Accounts Particulars 31st March, | 31st March 2021) 2020) 1. Change in Inventories of Stock-In-Trade Opening inventory 200,000 | 350,000 Less: Closing Inventory. 1,00,000 2,00,000 1,00,000_ | _1,50000_ 2. Other Expenses Administrative Expenses : 50000 | 50000 Selling and Distribution Expenses 150,000 | 1,00000 2,00,000 | _ 1,50,000 [Ans.: 7 ‘Revenue from | Purchases of | Change in | Employees | Other Total Net Operations | Stock-in-Trade | Inventories | Ben.Exp. | Expenses | Expenses | Profit ‘Absolute Change®) | 10,00.000 | $,50.000 | (50.000) - 50,000 | 550,000 | 450000 percentage Change (%) 25.00 19.30 (33.33) - 3333 1692 60.00 _) Scanned with CamScannerComparative Statements and Common-Size Statements 3.37 Common-size Statement of Profit and Loss (Income Statement) 19. From the following Statement of Profit and Loss of Star Ltd., for the years ended 31st March, 2015 and 2016, prepare a Common-size statement: Particulars Note No. 2015-16 2014-15 ‘Revenue from Operations — “32500000 | €20,00,000 Employee Benefit Expenses 10,00,000 700,000 ther Expenses. %2,00,000 3,00,000 Taxrate 40% 40% (Oethi 2017 (Ans. Year Revenuetrom | — Employees Other Profit | Tax | Proftafter Operations Benefit Expenses Expenses before Tax Tax 2014-15 (%) 100 35 15 50 room as0) 2015-16 (98) 100 40 & 52. 12080 | 31.20 20. Prepare Common-size Statement of Profit and Loss from the following Statement of Profit and Loss: Particulars” | Note | 31stMarch, No | _2021@) 1. Income | Revenue from Operations | 15,00,000 Other income Total Revenue Hl. Expenses Purchases of Stockin-Trade 7,50,000 Change in Inventories of Stock-n-Trade 50,000 Other Expenses 2,10,000 Total UL, Profit before Tax (I~ Il) TAns.z Revenue from Operations—100%; Other Income—4%; Purchases of Stock-in-Trade—50%; Change in Inventories of Stock-in-Trade—3.33%; Other Expenses—14%; Profit before Tax—36.67%.] 21. Prepare Common-size Statement of Profit and Loss from the following Statement of Profit and Loss: Particulars NoteNo, | Year! (®) Year ti (®) |. Income Revenue from Operations (Net Sales) Ml. Expenses Purchases of Stock-In-Trade 900,000 Change in Inventories of Stock-in-Trade 1,00,000 Finance Costs 80,000 Other Expenses 90,000 Total 11,70,000 ML Profit before Tax (I~!) 2,30,000 . Less Tax 40,000 'V. Profit after Tax (Ill-1V) 1,90,000 Scanned with CamScanneroy 3.38 Analysis of Financial Statements—CBSE xy [Ans.: Particulars Purchasesof | Changein | Finance | Other Profit Profit | Stockin-Trade | Inventories | Costs Expenses before Tax | after Toy Year |(960f Revenue rom Operations) 64.29 714 sm | 643 16.43 157 Year il (% of Revenue from Operations) 62.50 125, 500) B13 13.13 10.88 1 22. Prepare a Common-size Statement of Profit and Loss of Hari Darshan Ltd: from the following information Particulars Note No, 2018-19) | 2017-18) Revenue from Operations . 20,00,000 10,00,000 Purchase of StockinsTrade 7,70,000 420,000 Changes in Inventories 1,20,000 80,000 ‘Other Expenses 52,000 30,000 Other Incomes. 60,000 50,000 Tax Rate 50% (Dethi2019 {Ans.; 2018-19: Other Income = 3%; Total Revenue = 103%; Purchase of Stock-in-Trade = 38.5% Change in Inventories = 6%; Other expenses = 2.6%; Total expenses = 47.1%; Profit before Tax = 55.9%; Profit after Tax = 27.95%. 2017-18: Other Income = 5%; Total Revenue = 105%; Purchase of Stock-in-Trade = 42% Change in Inventories = 8%; Other Expenses = 3%; Total Expenses = 53%; Profit before Tax = 52%; Profit after Tax = 26%} 23. Prepare Common-size Statement of Profit and Loss from the following information: Particulars 31st March, 31st March, 2021.) 2020) Revenue from Operations 25,00,000 20,00,000 Other Income 1,00,000 50,000 Cost of Materials Consumed 15,00,000 10,00,000 Employees Benefit Expenses 3,00,000 2,00,000 Other Expenses 450,000 3,50,000 Additional information: Other expenses include Provision for Tax of & 2,00,000 for the year ending 31st March, 2020 and % 2,50,000 for the year ending 31st March, 2021, (Ans.: 31st March, 2020: Other Income = 2.5%; Total Revenue = 102.5%; Cost of Materials Consumed = 50%; Employee Benefit Expenses = 10%; Other Expenses = 7.5%; Total Expenses = 67.5%; Profit before Tax = 35%; Profit after Tax 31st March, 2021: Other Income = 4%; Total Revenue Cost of Materials Consumed = 60%; Employee Benefit Expenses Other Expenses = 8%; Total Expenses = 80%; Profit before Tax Profit after Tax Common-size Balance Sheet 24, From the following information, prepare a Common-size Balance Sheet: Particulars 31st March, 3st March, 2021 @) 2020 @) Shareholders’ Funds 5.40,000 3,60,000 Non-current Liabilities 180,000 180,000 i 1,80,000 60,000 Current Liabilities 00 Non-current Assets . 630000 A208 Current Assets 270,000 1a Scanned with CamScannerET comparative Statements and Common-Size Statements 3.39 An Yearended | Shareholders’ | Non-eurrent Current Non-current | Current Funds Liabilities Uabilities Assets Assets syst March, 2020 (8) 6 30 10 | O 25. Prepare Common-size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheets of Sun Ltd. and Star Ltd. as at 31st March, 2021 are: Sunttd,(%) | StarLtd.@) 9.00000 | 1200000 400.000 | 350,000 Particulars 1. EQUITY AND LIABILITIES 1, Shareholders’ Funds (a) Share Capital () Reserves and Surplus 2, Current Liabilities Trade Payables (Creditors) Total I, ASSETS 1, Non-Current Assets Property, Plant and Equipment (Fixed Assets)—Tangible 2. Current Assets Trade Receivables (Debtors) | 10,00,.000 | 16,00,000 Total 15,00,000 | _18,00,000 {Ans.: Particulars | ShareCapital _| Reserves and Surplus | Current Liabilities | Non-current Assets | Current Assets Sun td (%) | 60.00 26.67 1333 66.67 3333 Star Ltd. (96) | 66.67 19.44 13.89 88.89 man 26. From the following information, prepare a Common-size Balance Sheet: BALANCE SHEET as at 31st March, 2021 Particulars Note | 3tstMarch, | 31st March, No. | 20218) | 2020) |. EQUITY AND LIABILITIES 1. Shareholders’ Funds (2) Share Capital (b) Reserves and Surplus 2. Non-Current Liabilities Long-term Borrowings 3. Current Liabilities Short-term Borrowings Total I Assets. 1. Non-Current Assets (@) Property, Plant and Equipment (Fixed Assets): Tangible Assets (©) Non-current investments 2 Current Assets (@) Inventories () Trade Receivables (2 Cash and Cash Equivalents Total 32,00.000 | 18,00,000 800,000 | 600,000 16,00,000 | 12,00,000 18,0000 | 16.00.00 800,000 | 6,00,000 10,0000 | 800,000 16,00,000 | 12,00,000 1200000 | 6,00,000 64,00,000 | 4800.00 Scanned with CamScanner