From the following particulars of Accent Ltd., prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2023: Particulars Note No. 2022 – 23(₹) 2021 – 22(₹) Revenue from operations 25,00,000 20,00,000 Employee benefit expenses 5,00,000 4,00,000 Other expenses 2,50,000 2,00,000 Tax rate 50% Marks-4, CBSE: 2023-24/Compartment/Set-1/Q-33b* Answer : The solution … Read more
From the given Balance Sheet of Moonlight Ltd., prepare a Common Size Balance Sheet: Balance Sheet of Moonlight Ltd. as at 31st March, 2023 Particulars 31.03.2023 (₹) 31.03.2022 (₹) I – Equity and Liabilities: Shareholders’ Funds Share Capital 12,00,000 5,00,000 Non-Current Liabilities: Long-term Borrowings Current Liabilities Trade Payables 2,00,0006,00,000 3,00,0002,00,000 Total 20,00,000 10,00,000 II – … Read more
From the following information prepare a Common Size Statement of Profit and Loss of A Ltd. and B Ltd. For the year ended 31st March, 2023: Particulars A Ltd. B Ltd. Revenue from OperationsOther IncomeExpensesTax Rate Rs.Rs.Rs. 20,00,0003,00,00010,40,00040 % 10,00,00080,0004,80,00040 % Marks-4, CBSE: 2023-24/Zone-5/Set-1/Q-33b* Answer : The solution is available on our Mobile App Back
From the following Statement of Profit and Loss of Shikha Ltd., prepare Comparative Statement of Profit and Loss for the year ended 31st March, 2023. Shikha Ltd. Statement of Profit and Loss for the year ended 31st March, 2023 Particulars 2022-23Rs. 2021-22Rs. Revenue from OperationsExpenses: Employee Benefit Expenses Other Expenses 32,00,0009,60,0006,50,000 20,00,0006,00,0004,00,000 Rate of tax … Read more
From the following information prepare a Comparative Statement of Profit and Loss of Y Ltd: Particulars 31.3.2023 31.3.2022 Revenue from OperationsPurchase of stock in tradeChange in inventories (% of purchase of stock in trade)Other ExpensesTax Rate Rs.Rs. Rs. 40,00,00024,00,00025 %2,00,00040% 20,00,00012,00,00020%1,60,00040 % Marks-4, CBSE: 2023-24/Zone-4/Set-1/Q-33b* Answer : The solution is available on our Mobile App … Read more
Prepare a Common Size Balance Sheet of X Ltd. from the following information: Balance Sheet of X Ltd. as at 31st March, 2023 Particulars Note No. 31.3.2023 Rs. 31.3.2022 Rs. I – Equity and Liabilities:1. Shareholders’ Funds (a) Equity Share Capital (b) Reserves and Surplus2. Non-Current Liabilities3. Current Liabilities 30,00,00010,00,00020,00,00020,00,000 15,00,0005,00,00020,00,00010,00,000 Total 80,00,000 80,00,000 II … Read more
From the following information of NK Ltd., prepare a Common Size Statement of Profit and Loss for the years ended 31st March, 2022 and 31st March, 2023: Particulars 31.3.2023 31.3.2022 Revenue from OperationsCost of Materials ConsumedEmployee Benefit ExpensesIncome Tax Rate Rs. Rs.Rs.% 25,00,0008,00,0004,00,00020 20,00,0006,00,0004,00,00030 Marks-4, CBSE: 2023-24/Zone-3/Set-1/Q-33b* Answer : The solution is available on our … Read more
From the following Balance Sheet of Hira Ltd. as at 31st March, 2023, prepare Comparative Balance Sheet: Balance Sheet of Hira Ltd. as at 31st March, 2023 Particulars Note No. 31.3.2023 Rs. 31.3.2022 Rs. I – Equity and Liabilities:1. Shareholders’ Funds (a) Share Capital 2. Non-Current Liabilities (a) Long-term Borrowings3. Current Liabilities (a) Trade Payables … Read more
Prepare a ‘Common Size Statement of Profit and Loss’ of Neurosci Ltd. Ltd. for the year ended 31st March, 2023 from the following information: Particulars 2022-23Rs. 2021-22Rs. Revenue from OperationsPurchase of stock in tradeOther expensesTax Rate 50% 40,00,0004,00,00040,000 20,00,0002,00,00020,000 Marks-4, CBSE: 2023-24/Zone-2/Set-1/Q-33b* Answer : The solution is available on our Mobile App Back
From the following information, prepare Comparative Statement of Profit and Loss for the year ended 31st March, 2023: Particulars 2022-23Rs. 2021-22Rs. Revenue from OperationsOther incomeEmployee benefit expenses – 50% of revenue from OperationsTax Rate 50% 4,00,00080,000 2,00,00040,000 Marks-4, CBSE: 2023-24/Zone-2/Set-1/Q-33a* Answer : The solution is available on our Mobile App Back