Analysis of Financial Statements 50

From the following information , prepare comparative statement of  Profit & Loss Particulars Note No. 2022-23(₹) 2021-22(₹) Revenue from operations 10,00,000 8,00,000 Other Income 2,20,000 1,50,000 Cost of materials consumed 4,00,000 3,00,000 Change in inventories of finished goods and work in progress 2,00,000 1,00,000 Other Expenses(% of cost of Revenue from Operations 15% 10% Tax … Read more

Analysis of Financial Statements 48

From the following information, prepare Common Size Statement of Profit and Loss for the year ended 31st March, 2021 and 31st March, 2022 Particulars Note No. 2021-22₹ 2020-21₹ Revenue from Operations 5,00,000 2,00,000 Other Income 3,00,000 50,000 Employee Benefit Expenses 4,00,000 1,50,000 Other Expenses 10,000 10,000 Income Tax @ 50% Marks-3, CBSE:2021-22/Compartment/Q-11* Answer : Back

Analysis of Financial Statements 47

From the following Statement of Profit and Loss of Raman Ltd, prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2022:  Particulars Note No. 2021-22₹ 2020-21₹ Revenue from Operations 26,00,000 20,00,000 Employee Benefit Expenses 6,00,000 5,00,000 Other Expenses 12,00,000 10,00,000 Income Tax @ 50% Marks-3, CBSE:2021-22/Compartment/Q-11* Answer : Back

Analysis of Financial Statements 46

From the following Balance Sheet of Rohit Ltd., prepare a Common Size Balance Sheet: Balance Sheet of Rohit Ltd. as at 31st March, 2021 Particulars Note No. 31.03.2021₹ 31.03.2020₹ I Equity and Liabilities: Shareholders’ Funds 3,20,000 1,60,000 2. Current Liabilities 80,000 40,000 Total 4,00,000 2,00,000 II Assets : 1. Non-Current Assets 3,00,000 1,50,000 2. Current … Read more

Analysis of Financial Statements 44

From the following Balance Sheet of Jeevan Ltd. as at 31st March, 2022, prepare a Comparative Balance Sheet:  Balance Sheet of Jeevan Ltd. as at 31st March, 2022 Particulars Note No. 31.03.2022₹ 31.03.2021₹ I Equity and Liabilities: Shareholders’ Funds Share Capital 16,00,000 10,00,000 2. Non-Current Liabilities Long-term Borrowings 6,00,000 5,00,000 3. Current Liabilities Trade Payables … Read more

Analysis of Financial Statements 43

Prepare a Common Size Balance Sheet from the following Balance Sheet of Shree Ltd. as at 31st March, 2022:  Balance Sheet of Shree Ltd. as at 31st March, 2022 Particulars Note No. 31.03.2022₹ 31.03.2021₹ I Equity and Liabilities: Shareholders’ Funds Share Capital 40,00,000 30,00,000 2. Non-Current Liabilities Long-term Borrowings 20,00,000 15,00,000 3. Current Liabilities Trade … Read more

Analysis of Financial Statements 42

From the following Balance Sheet of J.J. Ltd. prepare a Comparative Balance Sheet as at 31.3.2022: J.J. Ltd. Balance Sheet as at 31.3.2022 Particulars Note No. 31.03.2022₹ 31.03.2021₹ I Equity and Liabilities: Shareholders’ Funds (a) Equity Share Capital 25,00,000 20,00,000 (b) Reserves and Surplus 5,00,000 4,00,000 2. Non-Current Liabilities Long-term Borrowings 10,00,000 10,00,000 3. Current … Read more

Analysis of Financial Statements 41

From the following information, prepare a “Common Size Statement of Profit and Loss’ of KK Ltd. for the year ended 31.3.2021 and 31.3.2022: Particulars Note No. 2021-22₹ 2020-21₹ Revenue from Operations 20,00,000 15,00,000 Other Income 2,00,000 1,50,000 Expenses 4,00,000 3,00,000 Tax Rate @ 50% Marks-3, CBSE:2021-22/Term-2/Zone-3/Set-1/Q-11* Answer : Back

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