Past Year Papers Chapter wise Solutions

Analysis of Financial Statements

The following particulars are related to the Statement of Profit and Loss of AT Ltd : Particulars 2018-2019(Rs.) 2017-18(Rs.) Revenue From operations 37,50,000 30,00,000 Other Income 75,000 60,000 Expenses 25,75,000 20,60,000 Income Tax rate 40% 40% Prepare Comparative Statement of Profit and Loss.  Marks-4, CBSE:2019-20/Comp/01/Q-31* Answer : Back

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From the following Balance Sheet of Surbhi Ltd. as at 31st March, 2019, prepare a Common Size Balance Sheet :  Balance Sheet of Surbhi Ltd. as at 31st March, 2019 Particulars Note no. 31.3.2019(₹) 31.3.2018(₹) I – Equity and Liabilities : 1. Shareholders Funds : (a) Share Capital 20,00,000 9,00,000...

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From the following information, prepare a Comparative Statement of Profit and Loss: Particulars 2019-20 2018-19 Revenue from Operations 60,00,000 45,00,000 Employee Benefit Expenses 30,00,000 20,00,000 Other Expenses 15,00,000 10,00,000 Tax Rate 60% 60% Marks-4, CBSE:2020-21/Compartment/Q-31* Answer : Back

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From the following information, prepare a Common Size Balance Sheet Particulars Note No. 31.3.2020₹ 31.3.2020₹ Equity and Liabilities: 1. Shareholder’s Funds 4,00,000 2,00,000 2. Non-Current Liabilities 2,50,000 1,00,000 3. Current Liabilities 1,50,000 1,00,000 Total 8,00,000 4,00,000 Assets 1. Non-Current Assets 5,00,000 2,50,000 2. Current Assets 3,00,000 1,50,000 Total 8,00,000 4,00,000...

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Prepare a comparative Statement of Profit and Loss from the following: Particulars 31st March, 2019₹ 31st March, 2020₹ Revenue from Operations 20,00,000 25,00,000 Cost of Material Consumed 10,00,000 13,00,000 Other Expenses Nil 1,20,000 Tax rate 50% 50% Marks-4, CBSE:2020-21/Sample/Q-31* Answer : Back

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From the following Balance Sheet of R Ltd., Prepare a Common Size Statement  Balance Sheet of R Ltd. (as at 31st March,2020). Particulars Note No. 31st March, 2019₹ 31st March, 2020₹ Equity and Liabilities Shareholder’s Funds Share Capital 2,50,000 2,00,000 Reserves and Surplus 80,000 60,000 Current Liabilities Trade Payables 70,000...

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From the following details provided by Kumud Ltd., prepare Comparative Statement of Profit & Loss for the year ended 31st March 2021: Particulars 31.03.20 (₹) 31.03.21 (₹) Revenue from operations Other Income Cost of materials Consumed Other Expenses Tax rate 30,00,000 3,00,000 20,00,000 1,00,000 40% 35,00,000 4,50,000 23,00,000 1,20,000 40%...

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From the following Balance Sheets of Vinayak Ltd. as at 31st March,2021, Prepare a Common-size Balance Sheet.. Vinayak Ltd. Balance Sheet as on 31st March, 2021  Particulars Note no. 31.3.2021(₹) 31.3.2020(₹) I EQUITY AND LIABILITIES 1. Shareholder’s Funds: a. Share Capital 30,50,000 20,00,000 b. Reserve and Surplus 2,80,000 6,00,000 2....

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From the following information, prepare Comparative statement of Profit and Loss for the year ended 31st March 2021. Particulars Note No. 2020-21₹ 2019-20₹ Revenue from Operations 4,00,000 2,00,000 Other Income 80,000 40,000 Expenses – 50% of Revenue from Operations Tax Rate 50% Marks-3, CBSE:2021-22/Term-2/Zone-1/Set-1/Q-11* Answer : Back

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Prepare a Common Size statement of Profit and Loss’ of Birla Ltd. for the year ended 31st March, 2021 from the following information: Particulars Note No. 2020-21₹ 2019-20₹ Revenue from Operations 20,00,000 10,00,000 Purchase of Stock-in-trade 4,00,000 2,00,000 Other Expenses 40,000 20,000 Tax Rate @ 50% Marks-3, CBSE:2021-22/Term-2/Zone-1/Set-1/Q-11* Answer :...

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From the following information of Shruti Ltd, prepare Comparative Statement of Profit and Loss: Particulars Note No. 2020-21₹ 2019-20₹ Revenue from Operations 15,00,000 10,00,000 Expenses 3,00,000 2,00,000 Tax Rate 30% Marks-3, CBSE:2021-22/Term-2/Zone-2/Set-1/Q-11* Answer : Back

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From the following Balance Sheet of Avinash Ltd. as on 31st March, 2021, prepare a Comparative Balance Sheet: Balance Sheet of Avinash Ltd. as at 31st March, 2021 Particulars Note No. 31.03.2021₹ 31.03.2020₹ I Equity and Liabilities: Shareholders’ Funds Share Capital 30,00,000 20,00,000 2. Non-Current Liabilities Long-term Borrowings – –...

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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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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...

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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...

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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...

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From the information extracted from the Statement of Profit and Loss prepare a Comparative Statement of Profit and Loss for the year ended 31st March,2021: Particulars 2020-21₹ 2019-20₹ Revenue from Operations 7,20,000 4,00,000 Expenses 5,00,000 2,00,000 Tax Rate @ 50% Marks-3, CBSE:2021-22/Term-2/Zone-5/Set-1/Q-11* Answer : Back

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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...

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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,...

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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%...

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From the information extracted from the statement of Profit & Loss of Zee Ltd for the year ended 31st March 2022 and 31st March 2023, prepare a common size statement of profit & loss: Particulars Note No. 2022-23(₹) 2021-22(₹) Revenue from operations 8,00,000 10,00,000 Gross Profit 60% 70% Other Expenses...

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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...

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