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12th | Tools of Analysis of Financial Statement– Comparative Statement And Common Size Statement | Question No.  5 To 8 | Ts Grewal Solution 2022-2023

Question 5:


From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2022, prepare Comparative Balance Sheet:
 

Particulars

Note No.

31st March,

2022

( `)

31st March,

2021

( `)

I. EQUITY AND LIABILITIES

1. Shareholder's Funds

 

 

 

(a) Share Capital

 

 

 

Equity Share Capital

 

10,00,000

5,00,000

(b) Reserves and Surplus

 

1,00,000

1,00,000

 

 

 

 

2. Non-Current Liabilities

 

 

 

Long-term Borrowings

 

2,00,000

3,00,000

 

 

 

 

3. Current Liabilities

 

 

 

Trade Payables

 

2,00,000

1,00,000

 

 

 

 

Total

 

15,00,000

10,00,000

 

 

 

 

II. ASSETS

 

 

 

1. Non-Current Assets

 

 

 

(a) Fixed Assets:

 

 

 

(i) Tangible Assets

 

8,00,000

4,00,000

(ii) Intangible Assets

 

2,00,000

2,00,000

(b) Non-Current Investments

 

2,00,000

2,00,000

 

 

 

 

2. Current Assets

 

 

 

(a) Inventories

 

2,50,000

1,50,000

(b) Cash and Cash Equivalents

 

50,000

50,000

Total

 

15,00,000

10,00,000

 

 

 

 

Answer:


In the books of Royal Industries Ltd.

Comparative Balance Sheet

as at March 31, 2021 and 2022

Particulars

2021

( `)

2022

( `)

Absolute

Change

( `)

Percentage

Change

(%)

I. Equity and Liabilities

 

 

 

 

1. Shareholders’ Funds

 

 

 

 

a. Equity Share Capital

5,00,000

10,00,000

5,00,000

100.00

b. Reserve and Surplus

1,00,000

1,00,000

Shareholders’ Fund

6,00,000

11,00,000

5,00,000

83.33

2. Non-Current Liabilities

 

 

 

 

a. Long-term Borrowings

3,00,000

2,00,000

(1,00,000)

(33.33)

3. Current Liabilities

 

 

 

 

a. Trade Payables

1,00,000

2,00,000

1,00,000

100.00

Total

10,00,000

15,00,000

5,00,000

50.00

 

 

 

 

 

II. Assets

 

 

 

 

1. Non-Current Assets

 

 

 

 

a. Fixed Assets (Tangible)

4,00,000

8,00,000

4,00,000

100.00

         b. Intangible Assets

2,00,000

2,00,000

-

-

         c. Non-Current Investments

2,00,000

2,00,000

-

-

2. Current Assets

 

 

 

 

a. Inventories

1,50,000

2,50,000

1,00,000

66.67

b. Cash and Cash Equivalents

50,000

50,000

 

 

 

2,00,000

3,00,000

1,00,000

50.00

Total

10,00,000

15,00,000

5,00,000

50.00

 

 

 

 

 

 

 

Question 6:


Following is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2022:

Particulars ulars

Note No.

31st March,
2022

( `)

31st March,
2021

( `)

I. EQUITY AND LIABILITIES

 

 

 

1. Shareholders' Funds

 

 

 

(a) Share Capital:

 

 

 

(i) Equity Share Capital

 

4,00,000

4,00,000

(ii) Preference Share Capital

 

1,00,000

1,00,000

(b) Reserves and Surplus

 

1,20,000

1,10,000

2. Non-Current Liabilities

 

 

 

(a) Long-term Borrowings

1.

4,50,000

4,50,000

(b) Long-term Provisions

 

50,000

1,00,000

3. Current Liabilities

 

 

 

(a) Trade Payables (Creditors)

 

5,30,000

3,30,000

(b) Short-term Provisions

 

50,000

50,000

Total      Total Expenses

 

17,00,000

15,40,000

II. ASSETS

 

 

 

1. Non-Current Assets

 

 

 

(a) Fixed Assets (Tangible)

 

9,90,000

10,40,000

(b) Non-Current Investments

 

1,00,000

1,00,000

2. Current Assets

 

 

 

(a) Trade Receivables

 

5,00,000

3,00,000

(b) Cash and Cash Equivalents

2

1,10,000

1,00,000

Total

 

17,00,000

15,40,000

 

 

 

 


Notes to Accounts

Particulars

31st March,
2022

( `)

31st March,
2021

( `)

I. Long-term Borrowings

 

 

Bank Loan

3,50,000

4,50,000

8% Debentures

1,00,000

...

 

4,50,000

4,50,000

2. Cash and Cash Equivalents

 

 

Bank Balance

1,00,000

90,000

Cash in Hand

10,000

10,000

 

1,10,000

1,00,000

 

 

 


You are required to comment upon the changes in absolute figures from one period to another.

Answer:


In the books of Wye Ltd.

Comparative Balance Sheet

as at March 31, 2021 and 2022

Particulars

2021

( `)

2022

( `)

Absolute

Change

( `)

Comments

I. Equity and Liabilities

 

 

 

 

1. Shareholders’ Funds

 

 

 

 

        a. Equity Share Capital

4,00,000

4,00,000

-

No Change

        b. Preference Share Capital

1,00,000

1,00,000

-

No Change

ii. Reserve and Surplus

1,10,000

1,20,000

10,000

Increase

 Shareholders’ Fund

6,10,000

6,20,000

10,000

 

2. Non-Current Liabilities

 

 

 

 

a. Long-term Borrowings

 

 

 

 

Bank Loan

4,50,000

3,50,000

1,00,000

Decrease

8% Debentures

-

1,00,000

1,00,000

Increase

          b. Long-Term Provision

1,00,000

50,000

50,000

Decrease

3. Current Liabilities

 

 

 

 

         a. Trade Payables

3,30,000

5,30,000

2,00,000

Increase

         b. Short-Term Provisions

50,000

50,000

-

No Change

Total

15,40,000

17,00,000

1,60,000

 

 

 

 

 

 

II. Assets

 

 

 

 

1. Non-Current Assets

 

 

 

 

a. Fixed Assets (Tangible)

10,40,000

9,90,000

50,000

Decrease

          b. Non-Current Investments

1,00,000

1,00,000

-

No Change

2. Current Assets

 

 

 

 

b. Trade Receivables

3,00,000

5,00,000

2,00,000

Increase

c. Cash and Cash Equivalents

1,00,000

1,10,000

10,000

Increase

Total

15,40,000

17,00,000

1,60,000

 

 

 

 

 

 

 

Question 7:


From the following Balance Sheet of H.P. Ltd. as at 31st March, 2022, prepare Comparative Balance Sheet:
 

Particulars

Note No.

31st March,

2022

( `)

31st March,

2021

( `)

I. EQUITY AND LIABILITIES

 

 

 

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

 

 

 

 

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Answer:


Comparative Balance Sheet of H.P. Ltd.

as at March 31, 2021  and March 31, 2022

Particulars

2021
(
`)

2022
(
`)

Absolute
Change
(
`)

Percentage
Change
(%)

I. Equity and Liabilities

 

 

 

 

1. Shareholders’ Funds

 

 

 

 

a. Share Capital

 

 

 

 

1. Equity Share Capital

12,50,000

5,00,000

7,50,000

150.00

2. Preference Share Capital

2,50,000

2,50,000

Total

15,00,000

7,50,000

7,50,000

100.00

b. Reserve and Surplus

3,00,000

4,50,000

(1,50,000)

(33.33)

 

18,00,000

12,00,000

6,00,000

50.00

2. Non-Current Liabilities

 

 

 

 

a. Long-term Borrowings

 

 

 

 

12% Secured Debentures

9,50,000

5,50,000

4,00,000

72.73

12% Unsecured Debentures

2,50,000

2,00,000

50,000

25.00

 

12,00,000

7,50,000

4,50,000

60.00

3. Current Liabilities

 

 

 

 

a. Short-Term Borrowings

3,50,000

1,75,000

1,75,000

100.0

b. Trade Payables

2,00,000

1,00,000

1,00,000

100.00

c. Short-Term Provisions

50,000

25,000

25,000

100.00

Total

36,00,000

22,50,000

13,50,000

60.00

II. Assets

 

 

 

 

1. Non-Current Assets

 

 

 

 

a. Fixed Assets (Tangible)

22,50,000

15,00,000

7,50,000

50.00

2. Current Assets

 

 

 

 

a. Inventories

4,50,000

2,50,000

2,00,000

80.00

b. Trade Receivables

8,00,000

4,50,000

3,50,000

77.78

c. Cash and Cash Equivalents

1,00,000

50,000

50,000

100.00

Total

36,00,000

22,50,000

13,50,000

60.00

 

 

 

 

 

 

 

Question 8:


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

Particulars

31st March, 2021 (`)

31st March,

2020 (`)

Revenue from Operations

30,00,000

20,00,000

Other Income

3,60,000

4,00,000

Expenses

21,00,000

12,00,000

 

 Answer:


Comparative Statement of Profit and Loss as at 31st March, 2021

Particulars

Note No.

31st March, 2020 (`)

31st March, 2021 `(`)

Absolute Change

(Increase/Decrease)(`)

Percentage Change

(Increase/Decrease)(%)

 

(A)

(B)

(C = A-B)

(D = C/A×100)

Revenue from Operations

 

30,00,000

20,00,000

10,00,000

50.00

Other Income

 

3,60,000

4,00,000

(40,000)

(10.00)

Total Revenue (I+II)

 

33,60,000

24,00,000

9,60,000

40.00

Expenses

 

21,00,000

12,00,000

9,00,000

75.00

Profit before Tax

 

12,60,000

12,00,000

60,000

5.00

 

 

Click below for more Questions

Ts Grewal Solution 2022-2023

Class 12 / Volume – 3

Chapter 3 – Tools of Analysis of Financial Statements- Comparative And Common Size Statement

Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12
Question No. 13 To 16
Question No. 17 To 20
Question No. 21 To 25

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