Worksheet

ANALYSIS OF FINANCIAL STATEMENTS L

Class 12 - Accountancy
Time Allowed: 1 hour Maximum Marks: 100

1. From the following Information, prepare a Comparative Statement of Profit and Loss: [4]

Particulars 31st March, 2019 31st March, 2018

Revenue from Operations ₹30,00,000 ₹20,00,000

Other Income (% of Revenue from Operations) 12% 20%

Expenses (% of Operating Revenue) 70% 60%

Tax Rate 40% 40%

2. From the following information given below, prepare a comparative statement of profit and loss. [6]

Particulars 31st March, 2008 Amt (Rs.) 31st March, 2009 Amt (Rs.)

Revenue from Operations 2,00,000 3,50,000

Purchase 1,00,000 2,00,000

Cost of Revenue from Operations 60% of Revenue from Operations 70% of Revenue from Operations

Administrative Expenses 5% on Gross Profit 7% on Gross Profit

Income Tax 45% 45%

3. Following are the Balance Sheets of X Ltd. as at 31st March 2019 and 2018. [6]

Particulars Note No. 31.3.2019 31.3.2018

I. EQUITY AND LIABILITIES: Shareholder’s Funds: ₹ ₹

(a) Share capital 10,00,000 5,00,000

(b) Reserved and Surplus 2,00,000 3,00,000

Non-Current Liabilities

Long term Borrowings 8,00,000 5,00,000

Current Liabilities

Trade Payables 4,00,000 2,00,000

TOTAL 24,00,000 15,00,000

II. ASSETS:

Non-Current Assets

Fixed Assets:

(i) Tangible Assets 14,00,000 8,00,000

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 (ii) Intangible Assets 3,00,000 2,00,000

Current Assets

(a) Inventories 5,00,000 4,00,000

(b) Cash and Cash Equivalents 2,00,000 1,00,000

TOTAL 24,00,000 15,00,000

You are required to prepare a Comparative Balance Sheet.

4. From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.: [6]

Note 31st March 31st March

Particulars
No. 2023 (₹) 2022 (₹)

I. Equity and Liabilities

1. Shareholders funds

Share capital 3,50,000 3,00,000

2. Non-current liabilities

Long-term borrowings 1,00,000 2,00,000

3. Current liabilities

Trade payables 1,50,000 1,00,000

Total 6,00,000 6,00,000

II. Assets

1. Non-current assets

Property, Plant and Equipment and Intangible Assets: Property,

4,00,000 3,00,000
Plant and Equipment

2. Current Assets

Trade receivables 2,00,000 3,00,000

Total 6,00,000 6,00,000

5. From the following information, prepare Comparative Balance Sheets of X Ltd.: [6]

Particulars 31.3.2023 31.3.2022

₹ ₹

Reserve and Surplus 12,00,000 6,00,000

Share Capital 10,00,000 10,00,000

Trade Payables 12,70,000 9,00,000

Land and Buildings 16,00,000 15,00,000

Plant and Machinery 6,30,000 5,00,000

Goodwill ____ 1,00,000

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 Investments 1,20,000 1,00,000

Current Assets 15,20,000 8,00,000

Long term Borrowings 4,00,000 5,00,000

6. from the following information,of Alpha Ltd., as at March 31, 2016 and 2017. You are required to prepare [6]
Comparative Balance Sheet.

March 31, 2016 March 31, 2017

Particulars
(₹) (₹)

I. Equity and Liabilities

Shareholder's funds

Share capital 2,00,000 4,00,000

Reserves and surplus 1,00,000 1,50,000

Non-current Liabilities

Long-term borrowings 2,00,000 3,00,000

Current Liabilities

Short-term borrowings 50,000 70,000

Trade payables 30,000 60,000

Other current liabilities 20,000 10,000

Short-term provisions 20,000 20,000

Total 6,20,000 10,20,000

II. Assets

Non-Current Assets

Fixed assets 2,00,000 5,00,000

Non-current investments 1,00,000 1,25,000

Current Assets

Current investments 60,000 80,000

Inventories 1,35,000 1,55,000

Trade receivables 60,000 90,000

Cash and Cash equivalents 25,000 10,000

Short term loans and advances 40,000 60,000

Total 6,20,000 10,20,000

7. Following information is extracted from the statement of profit and loss of Red Bull Ltd. for the year ended 31st [6]
March, 2023:

Particulars 31st March 2023 31st March 2022

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 Revenue from operations ₹ 60,00,000 ₹ 45,00,000

Employee benefit expenses ₹ 30,00,000 ₹ 22,50,000

Depreciation ₹ 7,50,000 ₹ 6,00,000

Other expenses ₹ 15,50,000 ₹ 10,00,000

Tax rate 30% 30%

Prepare a comparative statement of profit and loss.

8. Balance Sheet of Blue Bell Ltd. as at 31st March, 2023 is given below: [6]
Balance Sheet as at 31st March, 2023

Note 31st March 2023 31st March 2022

Particulars
No. (₹) (₹)

I. Equity and Liabilities

1. Shareholders funds

(a) Share capital 3,26,000 2,44,000

(b) Reserves and Surplus 1,00,000 1,00,000

2. Non-current liabilities

Long term borrowings 6,96,000 4,38,000

3. Current liabilities

Trade payable 2,98,000 78,000

Total 14,20,000 8,60,000

II. Assets

1. Non-Current Assets

(a) Property, Plant and Equipment and Intangible

Assets: 5,68,000 4,30,000
Property, Plant and Equipment

(b) Non-current investments 6,000 4,000

2. Current assets

(a) Trade receivables 6,46,000 3,76,000

(b) Cash and cash equivalents 2,00,000 50,000

Total 14,20,000 8,60,000

Prepare a comparative balance sheet showing percentage changes from 2022 to 2023.
9. From the following information given below, prepare a comparative income statement of profit and loss. [6]

Particulars 31st March, 2008 Amt (Rs.) 31st March, 2009 Amt (Rs.)

Revenue from Operations : Sales 3,00,000 4,00,000

Sales Return 1,00,000 2,00,000

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 Cost of Revenue from Operations 60% of Revenue from Operations 50% of Revenue from Operations

Administrative Expenses 20% on Gross Profit 10% on Gross Profit

Income Tax 40% 40%

10. Following is Balance Sheet of Star Paints Limited: [6]

BALANCE SHEET as at 31st March, 2019

Particulars Note No. 31st March, 2019 (₹) 31st March, 2018 (₹)

1. EQUITY AND LIABILITIES

1. Shareholders'Funds

(a) Share Capital 2,74,000 2,74,000

(b) Reserves and Surplus 70,000 1,52,000

2. Non-Current Liabilities

Long-term Borrowings 1 4,38,000 6,96,000

3. Current Liabilities

(a) Short-term Borrowings (Secured Bank Overdraft) 50,000 1,25,000

(6) Trade Payables 20,000 1,00,000

(c) Other Current Liabilities 3,000 50,000

(d) Short-term Provisions 5,000 23,000

Total 8,60,000 14,20,000

II. ASSETS

1. Non-Current Assets

(a) Fixed Assets—Tangible Assets (Net) 4,30,000 5,68,000

(b) Non-current Investments 4,000 6,000

2. Current Assets

(a) Inventories 2,16,000 4,26,000

(b) Trade Receivables 1,40,000 3,30,000

(c) Cash and Cash Equivalents 65,000 80,000

(d) Other Current Assets 5,000 10,000

Total 8,60,000 14,20,000

Notes to Accounts:

Particulars 31st March, 2019 (₹) 31st March, 2018 (₹)

1. Long-term Borrowings

Bank Loan 2,32,000 1,00,000

9% Debentures 2,06,000 5,96,000

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 2. Other Current Assets 4,38,000 6,96,000

Prepaid Expenses 5,000 10,000

Prepare common-size income statement.

11. From the following information, prepare a Common size Income Statement for the year ended March 31, 2016 [6]
and March 31, 2017:

Particulars 2016-17 (₹) 2015-16 (₹)

Revenue from operations 18,00,000 25,00,000

Cost of good sold 10,00,000 12,00,000

Operating expenses 80,000 1,20,000

Non-operating expenses 12,000 15,000

Depreciation 20,000 40,000

Wages 10,000 20,000

12. Prepare a ‘Common Size Balance Sheet’ on the basis of the inform motion given in the Balance Sheet of Z Ltd. [6]
As at 31st March 2015.

Particulars Note No. 31-3-2015 Rs.

1. EQUITY AND LIABILITIES

(1) Shareholders’ funds

(a) Share capital 6,00,000

(b) Reserves and surplus 1,00,000

(2) Non-current Liabilities

(a) Long-term borrowings 2,50,000

(3) Current liabilities 50,000

(a) Trade payables

Total 10,00,000

II. ASSETS

(1) Non-current assets

(a) Fixed assets 6,50,000

(i) Tangible Assets

(b) Non-current investments 1,50,000

(2) Current Assets

(a) Inventories 70,000

(b) Trade receivables 50,000

(c) Cash and cash equivalents 80,000

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 Total 10,00,000

13. Prepare a Common size statement of profit and loss of Shefali Ltd. with the help of the following information: [6]

2015-16 2016-17
Particulars
(₹) (₹)

Revenue from operations 6,00,000 8,00,000

Indirect expense 25% of gross profit 25% of gross profit

Cost of revenue from operations 4,28,000 7,28,000

Other incomes 10,000 12,000

Income tax 30% 30%

14. From the following Balance Sheet of X Ltd. as at 31st March 2013 and 2012, prepare a Common-size Balance [6]
Sheet:

31st March 2013 31st March 2012

Particulars Note No. Amount Amount
(Rs) (Rs)

I. EQUITY AND LIABILITIES

1. Shareholder's Funds

(a) Share Capital 80,00,000 60,00,000

(b) Reserve and Surplus 12,00,000 8,00,000

2. Non - Current Liabilities

Long - term borrowings 24,00,000 20,00,000

3. Current Liabilities

Trade Payables 4,00,000 12,00,000

1,20,00,000 1,00,00,000

II. ASSETS

1. Non - Current Assets

Fixed Assets:

(a) Tangible 80,00,000 60,00,000

(b) Intangible 4,00,000 12,00,000

2. Current Assets

(a) Inventories 24,00,000 20,00,000

(b) Cash and Cash Equivalents 12,00,000 8,00,000

1,20,00,000 1,00,00,000

15. From the following income statement, prepare a common size statement of profit and loss Jayant Ltd for the year [6]
ended 31st March, 2011.

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 Particulars Amt (Rs.)

Revenue from Operations 25,38,000

(+) Other Incomes 38,000

Total Incomes 25,76,000

Expenses

Cost of Revenue from Operations 14,00,000

Operating Expenses 5,00,000

Total Expenses 19,00,000

Profit before Tax 6,76,000

(-) Income Tax (3,38,000)

Profit after Tax 3,38,000

16. Prepare common-size Balance Sheet of XRI Ltd. from the following information: [6]

Particulars Note No. March 31, 2016 March 31, 2017

I. Equity and Liabilities

1. Shareholders’ Fund

a) Share capital 15,00,000 12,00,000

b) Reserves and surplus 5,00,000 5,00,000

2. Non-current liabilities

Long-term borrowings 6,00,000 5,00,000

3. Current liabilities

Trade Payable 15,50,000 10,50,000

Total 41,50,000 32,50,000

II. Assets

1. Non-current assets

a) Fixed assets

- Tangible asset

Plant & machinery 14,00,000 8,00,000

- Intangible assets

Goodwill 16,00,000 12,00,000

b) Non-current investments 10,00,000 10,00,000

2. Current assets

Inventories 1,50,000 2,50,000

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 Total 41,50,000 32,50,000

17. Prepare a Common size Income statement of XYZ Ltd from the following information and compute Net profit [6]
Ratio

Particulars 31 March 2017

Revenue from operation 6000000

Cost of material Consumed 3780000

changes in inventory of Finished Goods and WIP 360000

Depreciation 270000

Other Expense 240000

Employees Benefit Expnese 510000

Other income 240000

tax rate 40%

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