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 57.89Read More
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