Question 1:

From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.:
Not 31st March,
31st March, 2018
Particulars e 2019
(₹)
No. (₹)
I. EQUITY AND
LIABILITIES
1. Shareholder's Funds
(a) 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
Fixed Assets (Tangible) 4,00,000 3,00,000
2. Current Assets
Trade Receivables 2,00,000 3,00,000
Total 6,00,000 6,00,000
Question 2:

Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019:

31st 31st
Note March, March,
Particulars 2019, 2018,
No.
(₹) (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 15,00,000 10,00,000
(b) Reserves and Surplus 10,00,000 10,00,000
2. Non-Current Liabilities
Long-term Borrowings 8,00,000 2,00,000
3. Current Liabilities
(a) Trade Payables 5,00,000 3,00,000
Total 38,00,000 25,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets:
(i) Tangible Assets 25,00,000 15,00,000
(ii) Intangible Assets 5,00,000 5,00,000
 2. Current Assets
(a) Trade Receivables 6,00,000 3,50,000
(b) Cash and Cash Equivalents 2,00,000 1,50,000
Total 38,00,000 25,00,000

You are required to prepare Comparative Balance Sheet on the basis of the
information given in the above Balance Sheet.
1. Shareholders' Funds
(a) Share Capital:
(i) Equity Share Capital 12,50,000 5,00,000
(ii) Preference Share Capital 2,50,000 2,50,000
(b) Reserves and Surplus 3,00,000 4,50,000
2. Non-Current Liabilities
Long-term Borrowings: 12% Debentures 9,50,000 5,50,000
Loan from Directors 2,50,000 2,00,000
3. Current Liabilities
(a)Short-term Borrowings 3,50,000 1,75,000
(b) Trade Payables 2,00,000 1,00,000
(c) Short-term Provisions 50,000 25,000
Total 36,00,000 22,50,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets (Tangible) 22,50,000 15,00,000
2. Current Assets
(a) Inventories 4,50,000 2,50,000
(b) Trade Receivables 8,00,000 4,50,000
(c) Cash and Cash Equivalents 1,00,000 50,000
Total 36,00,000 22,50,000

Question 8:

Following information is extracted from the Statement of Profit and Loss of Gold Coin Ltd.
for the year ended 31st March, 2015:

31st March, 31st March,

Particulars
2015 2014
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%
Question 9:

Prepare Comparative Statement of Profit and Loss from the following Statement of Profit
and Loss:

31st 31st
Note March, March,
Particulars
No. 2019 2018
(₹) (₹)
I. Income
Revenue from Operations (Net Sales) 3,50,000 3,00,000
II. Expenses
Purchases of Stock-in-Trade 2,10,000 1,80,000
Change in Inventories of Stock-in-Trade 15,000 20,000
Employees Benefits Expenses 17,500 15,000
Other Expenses 7,500 5,000
Total 2,50,000 2,20,000
III. Profit before Tax (I-II) 1,00,000 80,000
IV. Less: Tax 30,000 24,000
V. Profit after Tax (III-IV) 70,000 56,000

Question 10:

Prepare Comparative Statement of Profit and Loss from the following Statement of Profit
and Loss:

31st 31st
Note March, March,
Particulars
No. 2019 2018
(₹) (₹)
I. Income
Revenue from Operations (Net Sales) 3,00,000 2,50,000
II. Expenses
Cost of Materials Consumed 1,20,000 1,00,000
Changes in Inventories of WIP and
Finished Goods (2,000) 5,000
Employees Benefits Expenses (Wages) 30,000 25,000
Other Expenses 22,000 20,000
Total 1,70,000 1,50,000
III. Net Profit (I-II) 1,30,000 1,00,000
Question 11:
From the following Information, prepare Comparative Statement of Profit and Loss:

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%
Question 12:

From the following information, prepare Comparative Statement of Profit and Loss showing
increase, decrease and percentage:
31st March,
Particulars 31st March, 2018
2019
Cost of Materials Consumed ₹ 13,44,000 ₹ 6,00,000
Revenue from Operations (% of Materials
125%
Consumed) 200%
Other Expenses (% of Operating Revenue) 10% 10%
Tax Rate 50% 50%
Question 13:

From the following Statement of Profit and Loss, prepare Comparative Statement of Profit
and Loss:

31st 31st
Note March, March,
Particulars
No. 2019 2018
(₹) (₹)
I. Income
Revenue from Operations (Net Sales) 50,00,000 40,00,000
II. Expenses
Purchases of Stock-in-Trade 34,00,000 28,50,000
Change in Inventories of Stock-in-Trade 1 1,00,000 1,50,000
Employees Benefits Expenses 1,00,000 1,00,000
Other Expenses 2 2,00,000 1,50,000
Total 38,00,000 32,50,000
III. Net Profit (I-II) 12,00,000 7,50,000

Notes to Accounts
31st 31st
March, March,
Particulars
2019 2018
(₹) (₹)
I. Change in Inventory of stock-in-Trade
Opening Inventory 2,00,000 3,50,000
Less: Closing Inventory 1,00,000 2,00,000
1,00,000 1,50,000
2. Other Expenses
Administrative Expenses 50,000 50,000
Selling and Distribution Expenses 1,50,000 1,00,000
2,00,000 1,50,000

Question 14:

Prepare Comparative Statement of Profit and Loss from the following information:

31st March, 31st March,

Particulars
2019 2018
Revenue from Operations ₹ 37,50,000 ₹ 25,00,000
Other Income ₹ 4,50,000 ₹ 5,00,000
Cost of Materials Consumed ₹ 22,50,000 ₹ 12,50,000
Other Expenses ₹ 3,75,000 ₹ 2,50,000
Tax Rate 50% 50%
Question 15:

From the following Statement of Profit and Loss of Antriksh Ltd. for the year ended 31st
March, 2012 and 2013, Prepare Comparative Statement of Profit and Loss:
31st
31st March,
Particulars Note No. March,
2012, (₹)
2013 (₹)
Revenue from Operations 14,00,000 8,00,000
Other Incomes 6,00,000 4,00,000
Expenses 17,00,000 11,00,000

Rate of Income Tax was 40%.

Question 16:

From the following Statement of Profit and Loss, prepare Comparative Statement of Profit
and Loss:

31st 31st
Note March, March,
Particulars
No. 2019 2018
(₹) (₹)
I. Income
Revenue from Operations (Net Sales) 20,00,000 17,50,000
Other Income 75,000 50,000
Total 20,75,000 18,00,000
II. Expenses
Purchases of Stock-in-Trade 11,60,000 10,00,000
Change in Inventories of Stock-in-Trade 10,000 (25,000)
Employees Benefits Expenses 1 3,00,000 3,00,000
Depreciation and Amortisation Expenses 50,000 50,000
Other Expenses 2 90,000 75,000
Total 16,10,000 14,00,000
III. Net Profit (I-II) 4,65,000 4,00,000

Notes to Accounts
31st 31st
March, March,
Particulars
2019 2018
(₹) (₹)
I. Employees Benefit Expenses
Wages 3,00,000 3,00,000
2. Other Expenses
Administrative and General Expenses 70,000 50,000
Miscellaneous Expenses 20,000 25,000
90,000 75,000

Question 17:

From the following Statement of Profit and Loss of Star Ltd., for the year ended 31st March,
2015 and 2016, prepare a Common-size statement:
Particulars Note No. 2015-16 2014-15
Revenue from Operations ₹ 25,00,000 ₹ 20,00,000
Employee Benefit
₹ 10,00,000
Expenses ₹ 7,00,000
Other Expenses ₹ 2,00,000 ₹ 3,00,000
Tax Rate 40% 40%
Question 18:

Prepare Common-size Statement of Profit and Loss from the following Statement of Profit
and Loss:

Particulars Not 31st

e March,
No. 2018
 (₹)
I. Income
Revenue from Operations 15,00,000
Other Income 60,000
Total Revenue 15,60,000
II. Expenses
Purchases of Stock-in-Trade 7,50,000
Change in Inventories of Stock-in-Trade 50,000
Other Expenses 2,10,000
Total 10,10,000
III. Net Profit before Tax (I-II) 5,50,000
Question 19:

Prepare Common-size Statement of Profit and Loss from the following Statement of Profit
and Loss:

Year I Year II
Particulars Note No.
(₹) (₹)
I. Income
Revenue from Operations (Net Sales) 14,00,000 16,00,000
II. Expenses
Purchases of Stock-in-Trade 9,00,000 10,00,000
Change in Inventories of Stock-in-Trade 1,00,000 1,80,000
Finance Costs 80,000 80,000
Other Expenses 90,000 1,30,000
Total 11,70,000 13,90,000
III. Net Profit (I-II) 2,30,000 2,10,000
IV. Less: Tax 40,000 36,000
V. Net Profit After Tax (III-IV) 1,90,000 1,74,000

Question 20:

Prepare Common-size Balance Sheet and comment on the financial position of Sun Ltd.
and Star Ltd. The Balance Sheet of Sun Ltd. and Star Ltd. as at 31st March, 2019 are:

Sun Ltd. Star Ltd.

Particulars
(₹) (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 9,00,000 12,00,000
(b) Reserves and Surplus 4,00,000 3,50,000
2. Current Liabilities
 Trade Payables (Creditors) 2,00,000 2,50,000
Total 15,00,000 18,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets (Tangible) 10,00,000 16,00,000
2. Current Assets
Trade Receivables (Debtors) 5,00,000 2,00,000
Total 15,00,000 18,00,000