Page 1
Ques 1
From the following Balance Sheets, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014 (Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 15,00,000 13,00,000
(b) Reserves and Surplus 2,80,000 2,00,000
2.Non-Current Liabilities
Long-term Borrowings 2,00,000 1,05,000
3.Current Liabilities
(a) Trade Payables 70,000 90,000
(b) Other Current Liabilities 50,000 30,000
(c) Short-term Provisions 80,000 65,000
Total 21,80,000 17,90,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 15,00,000 12,00,000
(b) Non-Current Investments 2,00,000 1,50,000
2. Current Assets
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 1,20,000 1,35,000
(c) Cash and Cash Equivalents 1,10,000 1,05,000
Total 21,80,000 17,90,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute Change
(Increase/Decrea
se) (Rs.)
Percentage
Change
(Increase/Decreas
e) %
(A) (B) (C = B-A) (D=C/A×100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital
Equity Share Capital 13,00,000 15,00,000 2,00,000 15.38
(b) Reserve and Surplus 2,00,000 2,80,000 80,000 40.00
2. Non-Current Liabilities
Long-term Borrowings 1,05,000 2,00,000 95,000 90.48
Tools of Financial Analysis -Comparative and Common Size Statements
3. Current – Liabilities
(a) Trade Payables 90,000 70,000 (20,000) (22.22)
(b) Other Current Liabilities 30,000 50,000 20,000 66.67
(c) Short-term Provisions 65,000 80,000 15,000 23.08
Total 17,90,00
0
21,80,000 3,90,000 21.78
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 12,00,00
0
15,00,000 3,00,000 25.00
(b) Non-Current Investments 1,50,000 2,00,000 50,000 33.33
Page 2
Ques 1
From the following Balance Sheets, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014 (Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 15,00,000 13,00,000
(b) Reserves and Surplus 2,80,000 2,00,000
2.Non-Current Liabilities
Long-term Borrowings 2,00,000 1,05,000
3.Current Liabilities
(a) Trade Payables 70,000 90,000
(b) Other Current Liabilities 50,000 30,000
(c) Short-term Provisions 80,000 65,000
Total 21,80,000 17,90,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 15,00,000 12,00,000
(b) Non-Current Investments 2,00,000 1,50,000
2. Current Assets
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 1,20,000 1,35,000
(c) Cash and Cash Equivalents 1,10,000 1,05,000
Total 21,80,000 17,90,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute Change
(Increase/Decrea
se) (Rs.)
Percentage
Change
(Increase/Decreas
e) %
(A) (B) (C = B-A) (D=C/A×100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital
Equity Share Capital 13,00,000 15,00,000 2,00,000 15.38
(b) Reserve and Surplus 2,00,000 2,80,000 80,000 40.00
2. Non-Current Liabilities
Long-term Borrowings 1,05,000 2,00,000 95,000 90.48
Tools of Financial Analysis -Comparative and Common Size Statements
3. Current – Liabilities
(a) Trade Payables 90,000 70,000 (20,000) (22.22)
(b) Other Current Liabilities 30,000 50,000 20,000 66.67
(c) Short-term Provisions 65,000 80,000 15,000 23.08
Total 17,90,00
0
21,80,000 3,90,000 21.78
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 12,00,00
0
15,00,000 3,00,000 25.00
(b) Non-Current Investments 1,50,000 2,00,000 50,000 33.33
2. Current Assets
(a) Inventories 2,00,000 2,50,000 50,000 25.00
(b) Trade Receivable 1,35,000 1,20,000 (15,000) (11.11)
(c) Cash and Cash Equivalents 1,05,000 1,10,000 5,000 4.76
Total 17,90,00
0
21,80,000 3,90,000 21.78
Ques 2
From the following information, prepare a comparative Balance Sheet of Depth Ltd.
Particulars 31st March, 2013 31st March, 2012
(Rs.) (Rs.)
Equity Shares Capital 25,00,000 25,00,000
Fixed Assets (Tangible) 36,00,000 30,00,000
Reserves and Surplus 6,00,000 5,00,000
Investments (Non-current) 5,00,000 5,00,000
Long-term Loans 15,00,000 15,00,000
Current Assets 10,50,000 15,00,000
Current Liabilities 5,50,000 5,00,000
Solution:
COMPARATIVE BALANCE SHEET OF DEPTH LTD.
as at 31
st
March, 2012 and 2013
Particulars Not
e
No.
31
st
March,
2012 (Rs.)
31
st
March,
2013 (Rs.)
Absolute Change
(Increase/Decreas
e) (Rs.)
Percentage
Change
(Increase/
Decrease)
%
(A) (B) (C = B-A) (D = C/A × 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 25,00,000 25,00,000 — —
(b) Reserves and Surplus 5,00,000 6,00,000 1,00,000 20.00
2. Non-Current Liabilities
(a) Long-term Borrowings 15,00,000 15,00,000 — —
3. Current Liabilities 5,00,000 5,50,000 50,000 10.00
Total 50,00,000 51,50,000 1,50,000 3.00
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 30,00,000 36,00,000 6,00,000 20.00
(b) Non-Current Investments 5,00,000 5,00,000 — —
2. Current Assets 15,00,000 10,50,000 (4,50,000) (30.00)
Total 50,00,000 51,50,000 1,50,000 3.00
Ques 3
.From the following Balance Sheets, prepare a Comparative Balance Sheet of Mars ltd. and comment upon the changes.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014
(Rs.)
1. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 8,66,000 7,00,000
(b) Reserves and Surplus 2,50,000 1,50,000
2. Non-Current Liabilities
Long-term Borrowings 5,00,000 4,00,000
3. Current Liabilities
(a) Trade Payables 1,00,000 60,000
(b) Other-Current Liabilities 50,000 40,000
Page 3
Ques 1
From the following Balance Sheets, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014 (Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 15,00,000 13,00,000
(b) Reserves and Surplus 2,80,000 2,00,000
2.Non-Current Liabilities
Long-term Borrowings 2,00,000 1,05,000
3.Current Liabilities
(a) Trade Payables 70,000 90,000
(b) Other Current Liabilities 50,000 30,000
(c) Short-term Provisions 80,000 65,000
Total 21,80,000 17,90,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 15,00,000 12,00,000
(b) Non-Current Investments 2,00,000 1,50,000
2. Current Assets
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 1,20,000 1,35,000
(c) Cash and Cash Equivalents 1,10,000 1,05,000
Total 21,80,000 17,90,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute Change
(Increase/Decrea
se) (Rs.)
Percentage
Change
(Increase/Decreas
e) %
(A) (B) (C = B-A) (D=C/A×100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital
Equity Share Capital 13,00,000 15,00,000 2,00,000 15.38
(b) Reserve and Surplus 2,00,000 2,80,000 80,000 40.00
2. Non-Current Liabilities
Long-term Borrowings 1,05,000 2,00,000 95,000 90.48
Tools of Financial Analysis -Comparative and Common Size Statements
3. Current – Liabilities
(a) Trade Payables 90,000 70,000 (20,000) (22.22)
(b) Other Current Liabilities 30,000 50,000 20,000 66.67
(c) Short-term Provisions 65,000 80,000 15,000 23.08
Total 17,90,00
0
21,80,000 3,90,000 21.78
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 12,00,00
0
15,00,000 3,00,000 25.00
(b) Non-Current Investments 1,50,000 2,00,000 50,000 33.33
2. Current Assets
(a) Inventories 2,00,000 2,50,000 50,000 25.00
(b) Trade Receivable 1,35,000 1,20,000 (15,000) (11.11)
(c) Cash and Cash Equivalents 1,05,000 1,10,000 5,000 4.76
Total 17,90,00
0
21,80,000 3,90,000 21.78
Ques 2
From the following information, prepare a comparative Balance Sheet of Depth Ltd.
Particulars 31st March, 2013 31st March, 2012
(Rs.) (Rs.)
Equity Shares Capital 25,00,000 25,00,000
Fixed Assets (Tangible) 36,00,000 30,00,000
Reserves and Surplus 6,00,000 5,00,000
Investments (Non-current) 5,00,000 5,00,000
Long-term Loans 15,00,000 15,00,000
Current Assets 10,50,000 15,00,000
Current Liabilities 5,50,000 5,00,000
Solution:
COMPARATIVE BALANCE SHEET OF DEPTH LTD.
as at 31
st
March, 2012 and 2013
Particulars Not
e
No.
31
st
March,
2012 (Rs.)
31
st
March,
2013 (Rs.)
Absolute Change
(Increase/Decreas
e) (Rs.)
Percentage
Change
(Increase/
Decrease)
%
(A) (B) (C = B-A) (D = C/A × 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 25,00,000 25,00,000 — —
(b) Reserves and Surplus 5,00,000 6,00,000 1,00,000 20.00
2. Non-Current Liabilities
(a) Long-term Borrowings 15,00,000 15,00,000 — —
3. Current Liabilities 5,00,000 5,50,000 50,000 10.00
Total 50,00,000 51,50,000 1,50,000 3.00
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 30,00,000 36,00,000 6,00,000 20.00
(b) Non-Current Investments 5,00,000 5,00,000 — —
2. Current Assets 15,00,000 10,50,000 (4,50,000) (30.00)
Total 50,00,000 51,50,000 1,50,000 3.00
Ques 3
.From the following Balance Sheets, prepare a Comparative Balance Sheet of Mars ltd. and comment upon the changes.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014
(Rs.)
1. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 8,66,000 7,00,000
(b) Reserves and Surplus 2,50,000 1,50,000
2. Non-Current Liabilities
Long-term Borrowings 5,00,000 4,00,000
3. Current Liabilities
(a) Trade Payables 1,00,000 60,000
(b) Other-Current Liabilities 50,000 40,000
(c) Short-term Provisions 24,000 20,000
Total 17,90,000 13,70,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 7,00,000 5,00,000
(b) Non-Current Investments 5,00,000 4,00,000
2. Current Assets
(a) Inventories 3,72,000 3,00,000
(b) Trade Receivables 1,20,000 1,00,000
(c) Cash and Cash-Equivalents 98,000 70,000
Total 17,90,000 13,70,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute
Change
(Increase/Decre
ase) (Rs.)
Percentage
Change
(Increase/
Decrease) %
(A) (B) (C = B-A) (DC/A x 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 7,00,000 8,66,000 1,66,000 23.71
(b) Reserve and Surplus 1,50,000 2,50,000 1,00,000 66.67
2. Non-Current Liabilities
Long-term Borrowings 4,00,000 5,00,000 1,00,000 25.00
3. Current – Liabilities
(a) Trade Payables 60,000 1,00,000 40,000 66.67
(b) Other Current Liabilities 40,000 50,000 10,000 25.00
(c) Shot-term Provisions 20,000 24,000 4,000 20.00
Total 13,70,000 17,90,000 4,20,000 30.65
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 5,00,000 7,00,000 2,00,000 40.00
(b) Non-Current Investments 4,00,000 5,00,000 1,00,000 25.00
2. Current Assets
(a) Inventories 3,00,000 3,72,000 72,000 24.00
(b) Trade Receivable 1,00,000 1,20,000 20,000 20.00
(c) Cash and Cash Equivalents 70,000 98,000 28,000 40.00
Total 13,70,000 17,90,000 4,20,000 30.65
Ques 4
From the following Balance Sheets of Earth, as at 31
st
March 2015 and 2014, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015(Rs.
)
31.3.2014
(Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 5,00,000 5,00,000
(b) Reserves and Surplus 3,70,000 2,00,000
2. Non-Current Liabilities
9% Debentures
3. Current Liabilities
3,00,000 3,00,000
(a) Trade Payables
(b) Other-Current Liabilities (Outstanding Expenses) 80,000 70,000
(c) Short-term Provisions 20,000 15,000
1,00,000 90,000
Page 4
Ques 1
From the following Balance Sheets, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014 (Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 15,00,000 13,00,000
(b) Reserves and Surplus 2,80,000 2,00,000
2.Non-Current Liabilities
Long-term Borrowings 2,00,000 1,05,000
3.Current Liabilities
(a) Trade Payables 70,000 90,000
(b) Other Current Liabilities 50,000 30,000
(c) Short-term Provisions 80,000 65,000
Total 21,80,000 17,90,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 15,00,000 12,00,000
(b) Non-Current Investments 2,00,000 1,50,000
2. Current Assets
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 1,20,000 1,35,000
(c) Cash and Cash Equivalents 1,10,000 1,05,000
Total 21,80,000 17,90,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute Change
(Increase/Decrea
se) (Rs.)
Percentage
Change
(Increase/Decreas
e) %
(A) (B) (C = B-A) (D=C/A×100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital
Equity Share Capital 13,00,000 15,00,000 2,00,000 15.38
(b) Reserve and Surplus 2,00,000 2,80,000 80,000 40.00
2. Non-Current Liabilities
Long-term Borrowings 1,05,000 2,00,000 95,000 90.48
Tools of Financial Analysis -Comparative and Common Size Statements
3. Current – Liabilities
(a) Trade Payables 90,000 70,000 (20,000) (22.22)
(b) Other Current Liabilities 30,000 50,000 20,000 66.67
(c) Short-term Provisions 65,000 80,000 15,000 23.08
Total 17,90,00
0
21,80,000 3,90,000 21.78
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 12,00,00
0
15,00,000 3,00,000 25.00
(b) Non-Current Investments 1,50,000 2,00,000 50,000 33.33
2. Current Assets
(a) Inventories 2,00,000 2,50,000 50,000 25.00
(b) Trade Receivable 1,35,000 1,20,000 (15,000) (11.11)
(c) Cash and Cash Equivalents 1,05,000 1,10,000 5,000 4.76
Total 17,90,00
0
21,80,000 3,90,000 21.78
Ques 2
From the following information, prepare a comparative Balance Sheet of Depth Ltd.
Particulars 31st March, 2013 31st March, 2012
(Rs.) (Rs.)
Equity Shares Capital 25,00,000 25,00,000
Fixed Assets (Tangible) 36,00,000 30,00,000
Reserves and Surplus 6,00,000 5,00,000
Investments (Non-current) 5,00,000 5,00,000
Long-term Loans 15,00,000 15,00,000
Current Assets 10,50,000 15,00,000
Current Liabilities 5,50,000 5,00,000
Solution:
COMPARATIVE BALANCE SHEET OF DEPTH LTD.
as at 31
st
March, 2012 and 2013
Particulars Not
e
No.
31
st
March,
2012 (Rs.)
31
st
March,
2013 (Rs.)
Absolute Change
(Increase/Decreas
e) (Rs.)
Percentage
Change
(Increase/
Decrease)
%
(A) (B) (C = B-A) (D = C/A × 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 25,00,000 25,00,000 — —
(b) Reserves and Surplus 5,00,000 6,00,000 1,00,000 20.00
2. Non-Current Liabilities
(a) Long-term Borrowings 15,00,000 15,00,000 — —
3. Current Liabilities 5,00,000 5,50,000 50,000 10.00
Total 50,00,000 51,50,000 1,50,000 3.00
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 30,00,000 36,00,000 6,00,000 20.00
(b) Non-Current Investments 5,00,000 5,00,000 — —
2. Current Assets 15,00,000 10,50,000 (4,50,000) (30.00)
Total 50,00,000 51,50,000 1,50,000 3.00
Ques 3
.From the following Balance Sheets, prepare a Comparative Balance Sheet of Mars ltd. and comment upon the changes.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014
(Rs.)
1. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 8,66,000 7,00,000
(b) Reserves and Surplus 2,50,000 1,50,000
2. Non-Current Liabilities
Long-term Borrowings 5,00,000 4,00,000
3. Current Liabilities
(a) Trade Payables 1,00,000 60,000
(b) Other-Current Liabilities 50,000 40,000
(c) Short-term Provisions 24,000 20,000
Total 17,90,000 13,70,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 7,00,000 5,00,000
(b) Non-Current Investments 5,00,000 4,00,000
2. Current Assets
(a) Inventories 3,72,000 3,00,000
(b) Trade Receivables 1,20,000 1,00,000
(c) Cash and Cash-Equivalents 98,000 70,000
Total 17,90,000 13,70,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute
Change
(Increase/Decre
ase) (Rs.)
Percentage
Change
(Increase/
Decrease) %
(A) (B) (C = B-A) (DC/A x 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 7,00,000 8,66,000 1,66,000 23.71
(b) Reserve and Surplus 1,50,000 2,50,000 1,00,000 66.67
2. Non-Current Liabilities
Long-term Borrowings 4,00,000 5,00,000 1,00,000 25.00
3. Current – Liabilities
(a) Trade Payables 60,000 1,00,000 40,000 66.67
(b) Other Current Liabilities 40,000 50,000 10,000 25.00
(c) Shot-term Provisions 20,000 24,000 4,000 20.00
Total 13,70,000 17,90,000 4,20,000 30.65
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 5,00,000 7,00,000 2,00,000 40.00
(b) Non-Current Investments 4,00,000 5,00,000 1,00,000 25.00
2. Current Assets
(a) Inventories 3,00,000 3,72,000 72,000 24.00
(b) Trade Receivable 1,00,000 1,20,000 20,000 20.00
(c) Cash and Cash Equivalents 70,000 98,000 28,000 40.00
Total 13,70,000 17,90,000 4,20,000 30.65
Ques 4
From the following Balance Sheets of Earth, as at 31
st
March 2015 and 2014, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015(Rs.
)
31.3.2014
(Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 5,00,000 5,00,000
(b) Reserves and Surplus 3,70,000 2,00,000
2. Non-Current Liabilities
9% Debentures
3. Current Liabilities
3,00,000 3,00,000
(a) Trade Payables
(b) Other-Current Liabilities (Outstanding Expenses) 80,000 70,000
(c) Short-term Provisions 20,000 15,000
1,00,000 90,000
Total 13,70,000 11,75,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 6,90,000 6,00,000
(b) Non-Current Investments 2,00,000 2,00,000
2. Current Assets
(a) Inventories
(b) Trade Receivables 3,00,000 2,25,000
(c) Cash and Cash-Equivalents 1,00,000 1,20,000
80,000 30,000
Total 13,70,000 11,75,000
Solution:
COMPARATIVE BALANCE SHEET OF EARTH LTD.
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute Change
(Increase/Decre
ase) (Rs.)
Percentage
Change
(Increase/Decrea
se) %
(A) (B) (C=B-A) (D=C/A × 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 5,00,000 5,00,000 — —
(b) Reserve and Surplus 2,00,000 3,70,000 1,70,000 85.00
2. Non-Current Liabilities
9% Debentures 3,00,000 3,00,000 — —
3. Current – Liabilities
(a) Trade Payables 70,000 80,000 10,000 14.28
(b) Other Current Liabilities 15,000 20,000 5,000 33.33
(c) Short-term Provisions 90,000 1,00,000 10,000 11.11
Total 11,75,000 13,70,000 1,95,000 16.60
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 6,00,000 6,90,000 90,000 15.00
(b) Non-Current Investments 2,00,000 2,00,000 — —
2. Current Assets
(a) Inventories 2,25,000 3,00,000 75,000 33.33
(b) Trade Receivable 1,20,000 1,00,000 (20,000) (16.67)
(c) Cash and Cash Equivalents 30,000 80,000 50,000 166.67
Total 11,75,000 13,70,000 1,95,000 16.60
Ques 5
From the following Statement of Profit and Loss of Suntrack Ltd. for the years ended 31
st
March, 2012 and 2011, prepare
comparative Statement of Profit and Loss.
(CBSE, Delhi 2013)
Particulars Note No. 2011-12 (Rs.) 2010-11 (Rs.)
Revenue from Operations 20,00,000 12,00,000
Other Income 12,00,000 9,00,000
Expenses 13,00,000 10,00,000
Solution:
COMPARATIVE STATEMENT OF PROFIT AND LOSS
for the years ended 31
st
March, 2011 and 2012
Page 5
Ques 1
From the following Balance Sheets, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014 (Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 15,00,000 13,00,000
(b) Reserves and Surplus 2,80,000 2,00,000
2.Non-Current Liabilities
Long-term Borrowings 2,00,000 1,05,000
3.Current Liabilities
(a) Trade Payables 70,000 90,000
(b) Other Current Liabilities 50,000 30,000
(c) Short-term Provisions 80,000 65,000
Total 21,80,000 17,90,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 15,00,000 12,00,000
(b) Non-Current Investments 2,00,000 1,50,000
2. Current Assets
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 1,20,000 1,35,000
(c) Cash and Cash Equivalents 1,10,000 1,05,000
Total 21,80,000 17,90,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute Change
(Increase/Decrea
se) (Rs.)
Percentage
Change
(Increase/Decreas
e) %
(A) (B) (C = B-A) (D=C/A×100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital
Equity Share Capital 13,00,000 15,00,000 2,00,000 15.38
(b) Reserve and Surplus 2,00,000 2,80,000 80,000 40.00
2. Non-Current Liabilities
Long-term Borrowings 1,05,000 2,00,000 95,000 90.48
Tools of Financial Analysis -Comparative and Common Size Statements
3. Current – Liabilities
(a) Trade Payables 90,000 70,000 (20,000) (22.22)
(b) Other Current Liabilities 30,000 50,000 20,000 66.67
(c) Short-term Provisions 65,000 80,000 15,000 23.08
Total 17,90,00
0
21,80,000 3,90,000 21.78
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 12,00,00
0
15,00,000 3,00,000 25.00
(b) Non-Current Investments 1,50,000 2,00,000 50,000 33.33
2. Current Assets
(a) Inventories 2,00,000 2,50,000 50,000 25.00
(b) Trade Receivable 1,35,000 1,20,000 (15,000) (11.11)
(c) Cash and Cash Equivalents 1,05,000 1,10,000 5,000 4.76
Total 17,90,00
0
21,80,000 3,90,000 21.78
Ques 2
From the following information, prepare a comparative Balance Sheet of Depth Ltd.
Particulars 31st March, 2013 31st March, 2012
(Rs.) (Rs.)
Equity Shares Capital 25,00,000 25,00,000
Fixed Assets (Tangible) 36,00,000 30,00,000
Reserves and Surplus 6,00,000 5,00,000
Investments (Non-current) 5,00,000 5,00,000
Long-term Loans 15,00,000 15,00,000
Current Assets 10,50,000 15,00,000
Current Liabilities 5,50,000 5,00,000
Solution:
COMPARATIVE BALANCE SHEET OF DEPTH LTD.
as at 31
st
March, 2012 and 2013
Particulars Not
e
No.
31
st
March,
2012 (Rs.)
31
st
March,
2013 (Rs.)
Absolute Change
(Increase/Decreas
e) (Rs.)
Percentage
Change
(Increase/
Decrease)
%
(A) (B) (C = B-A) (D = C/A × 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 25,00,000 25,00,000 — —
(b) Reserves and Surplus 5,00,000 6,00,000 1,00,000 20.00
2. Non-Current Liabilities
(a) Long-term Borrowings 15,00,000 15,00,000 — —
3. Current Liabilities 5,00,000 5,50,000 50,000 10.00
Total 50,00,000 51,50,000 1,50,000 3.00
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 30,00,000 36,00,000 6,00,000 20.00
(b) Non-Current Investments 5,00,000 5,00,000 — —
2. Current Assets 15,00,000 10,50,000 (4,50,000) (30.00)
Total 50,00,000 51,50,000 1,50,000 3.00
Ques 3
.From the following Balance Sheets, prepare a Comparative Balance Sheet of Mars ltd. and comment upon the changes.
Particulars Note No. 31.3.2015
(Rs.)
31.3.2014
(Rs.)
1. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 8,66,000 7,00,000
(b) Reserves and Surplus 2,50,000 1,50,000
2. Non-Current Liabilities
Long-term Borrowings 5,00,000 4,00,000
3. Current Liabilities
(a) Trade Payables 1,00,000 60,000
(b) Other-Current Liabilities 50,000 40,000
(c) Short-term Provisions 24,000 20,000
Total 17,90,000 13,70,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 7,00,000 5,00,000
(b) Non-Current Investments 5,00,000 4,00,000
2. Current Assets
(a) Inventories 3,72,000 3,00,000
(b) Trade Receivables 1,20,000 1,00,000
(c) Cash and Cash-Equivalents 98,000 70,000
Total 17,90,000 13,70,000
Solution:
COMPARATIVE BALANCE SHEET
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute
Change
(Increase/Decre
ase) (Rs.)
Percentage
Change
(Increase/
Decrease) %
(A) (B) (C = B-A) (DC/A x 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 7,00,000 8,66,000 1,66,000 23.71
(b) Reserve and Surplus 1,50,000 2,50,000 1,00,000 66.67
2. Non-Current Liabilities
Long-term Borrowings 4,00,000 5,00,000 1,00,000 25.00
3. Current – Liabilities
(a) Trade Payables 60,000 1,00,000 40,000 66.67
(b) Other Current Liabilities 40,000 50,000 10,000 25.00
(c) Shot-term Provisions 20,000 24,000 4,000 20.00
Total 13,70,000 17,90,000 4,20,000 30.65
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 5,00,000 7,00,000 2,00,000 40.00
(b) Non-Current Investments 4,00,000 5,00,000 1,00,000 25.00
2. Current Assets
(a) Inventories 3,00,000 3,72,000 72,000 24.00
(b) Trade Receivable 1,00,000 1,20,000 20,000 20.00
(c) Cash and Cash Equivalents 70,000 98,000 28,000 40.00
Total 13,70,000 17,90,000 4,20,000 30.65
Ques 4
From the following Balance Sheets of Earth, as at 31
st
March 2015 and 2014, prepare a Comparative Balance Sheet.
Particulars Note No. 31.3.2015(Rs.
)
31.3.2014
(Rs.)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 5,00,000 5,00,000
(b) Reserves and Surplus 3,70,000 2,00,000
2. Non-Current Liabilities
9% Debentures
3. Current Liabilities
3,00,000 3,00,000
(a) Trade Payables
(b) Other-Current Liabilities (Outstanding Expenses) 80,000 70,000
(c) Short-term Provisions 20,000 15,000
1,00,000 90,000
Total 13,70,000 11,75,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 6,90,000 6,00,000
(b) Non-Current Investments 2,00,000 2,00,000
2. Current Assets
(a) Inventories
(b) Trade Receivables 3,00,000 2,25,000
(c) Cash and Cash-Equivalents 1,00,000 1,20,000
80,000 30,000
Total 13,70,000 11,75,000
Solution:
COMPARATIVE BALANCE SHEET OF EARTH LTD.
as at 31
st
March 2014 and 2015
Particulars Not
e
No.
31.3.2014
(Rs.)
31.3.2015
(Rs.)
Absolute Change
(Increase/Decre
ase) (Rs.)
Percentage
Change
(Increase/Decrea
se) %
(A) (B) (C=B-A) (D=C/A × 100)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 5,00,000 5,00,000 — —
(b) Reserve and Surplus 2,00,000 3,70,000 1,70,000 85.00
2. Non-Current Liabilities
9% Debentures 3,00,000 3,00,000 — —
3. Current – Liabilities
(a) Trade Payables 70,000 80,000 10,000 14.28
(b) Other Current Liabilities 15,000 20,000 5,000 33.33
(c) Short-term Provisions 90,000 1,00,000 10,000 11.11
Total 11,75,000 13,70,000 1,95,000 16.60
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets
Tangible Assets 6,00,000 6,90,000 90,000 15.00
(b) Non-Current Investments 2,00,000 2,00,000 — —
2. Current Assets
(a) Inventories 2,25,000 3,00,000 75,000 33.33
(b) Trade Receivable 1,20,000 1,00,000 (20,000) (16.67)
(c) Cash and Cash Equivalents 30,000 80,000 50,000 166.67
Total 11,75,000 13,70,000 1,95,000 16.60
Ques 5
From the following Statement of Profit and Loss of Suntrack Ltd. for the years ended 31
st
March, 2012 and 2011, prepare
comparative Statement of Profit and Loss.
(CBSE, Delhi 2013)
Particulars Note No. 2011-12 (Rs.) 2010-11 (Rs.)
Revenue from Operations 20,00,000 12,00,000
Other Income 12,00,000 9,00,000
Expenses 13,00,000 10,00,000
Solution:
COMPARATIVE STATEMENT OF PROFIT AND LOSS
for the years ended 31
st
March, 2011 and 2012
Particulars Note
No.
31
st
March,
2011
(Rs.)
31
st
March,
2012 (Rs.)
Absolute Change
(Increase/
Decrease) (Rs.)
Percentage
Change
(Increase
/Decrease) %
A B (C = B-A) D=C/A × 100
I. Revenue from Operations 12,00,000 20,00,000 8,00,000 66.67
II. Other Income 9,00,000 12,00,000 3,00,000 33.33
III. Total Revenue (I + II) 21,00,000 32,00,000 11,00,000 52.38
IV Expenses 10,00,000 13,00,000 3,00,000 30.00
Profit before Tax (III – iv) 11,00,000 19,00,000 8,00,000 72.73
Ques 6
From the following Statement of Profit and Loss of Star Ltd. for the years ended 31
st
March, 2012 and 2011 prepare
comparative Statement of Profit and Loss.
{CBSE, Circular Acad. 43}
Particulars Note No. 31
st
March, 2012 31
st
March, 2011
(Rs.) (Rs.)
Revenue from Operations 20,00,000 16,00,000
Employees Benefit Expenses 10,00,000 8,00,000
Other Expenses 1,00,000 2,00,000
Solution:
COMPARATIVE STATEMENT OF PROFIT AND LOSS
for the years ended 31
st
March, 2011 and2012
Not
e
No.
31
st
March,
2011
(Rs.)
31
st
March,
2012
(Rs.)
Absolute
Change
(Increase/
Decrease)
(Rs.)
Percentage
Change
(Increase/
Decrease) %
Particulars A B (C=B-A) D=C/A × 100
I. Revenue from Operations 16,00,000 20,00,000 4,00,000 25.00
II. Expenses
(a) Employees Benefit Expenses 8,00,000 10,00,000 2,00,000 25.00
(b) Other Expenses 2,00,000 1,00,000 (1,00,000) (50.00)
III. Total Expenses 10,00,000 11,00,000 1,00,000 10.00
IV. Profit before Tax (I -///) 6,00,000 9,00,000 3,00,000 50.00
Ques 7
From the following 'Statement of Profit and Loss' for the years ended 31
st
March, 2013 and 2012, prepare a 'Comparative
Statement of Profit and Loss' of Good Services Ltd
Revenue from Operations 20,00,000 15,00,000
Other Income 10,00,000 4,00,000
Expenses 21,00,000 15,00,000
Rate of Income tax was 50%.
Solution:
COMPARATIVE STATEMENT OF PROFIT AND LOSS
for the years ended 31
st
March, 2012 and 2013
Particulars Not
e
No.
31
st
March,
2011-12
(Rs.)
31
st
March,
2012-13
(Rs.)
Absolute Change
(Increase/
Decrease) (Rs.)
Percentage
Change (Increase
/Decrease) %
A B (C = B-A) D=C/A × 100
I. Revenue from Operations 15,00,000 20,00,000 5,00,000 33.33
II. Other Income 4,00,000 10,00,000 6,00,000 150.00
III. Total Revenue (i + ii) 19,00,000 30,00,000 11,00,000 57.89
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