Important Questions - Common Size Statements Notes | Study Crash Course of Accountancy - Class 12 - Commerce

Commerce: Important Questions - Common Size Statements Notes | Study Crash Course of Accountancy - Class 12 - Commerce

The document Important Questions - Common Size Statements Notes | Study Crash Course of Accountancy - Class 12 - Commerce is a part of the Commerce Course Crash Course of Accountancy - Class 12.
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 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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