Tools for Financial Analysis: Comparative Statements — Accountancy STD 12 Commerce — Question

Prepare a Cash-Flow Statement from the information given below:

From the following information, calculate any two of the following ratios:

1. Current Ratio.
2. Debt to Equity Ratio.
3. Operating Ratio.

Revenue from Operations (Net Sales) ₹ 1,00,000; Cost of Revenue from Operations (Cost of Goods Sold) was 80% of sales; Equity Share Capital ₹ 7,00,000; General Reserve ₹ 3,00,000; Operating Expenses ₹ 10,000; Quick Assets ₹ 6,00,000; 9% Debentures ₹ 5,00,000; Closing Inventory ₹ 50,000; Prepaid. Expenses ₹ 10,000 and Current Liabilities ₹ 4,00,000.

Prepare Cash Flow Statement from the following: Notes to Accounts:

Following is the balance sheet of Radha Ltd as at 31st march, 2018.
You are required to prepare comparative balance sheet on the basis of the information given in the above balance sheet:

Prepare a Common-size Income Statement of XYZ Ltd. From the Following Information and compute Net Profit Ratio.

Prepare Balance Sheet of the company as per Schedule III of the Companies Act, 2013:

	₹
10% Debentures of ₹ 100 each.	1,90,000
Stock-in-Trade (Inventories).	40,000
Good will.	20,000
Provision for tax.	6,000

Totalling of Balance Sheet is not required.

R.K. Ltd. invited applications for issuing 70,000 Equity Shares off ₹ 10 each at a premium of ₹ 35 per share. The amount was payable as follows:

On Application	₹ 15 (including ₹ 12 premium)
On Allotment	₹ 10 (including ₹ 8 premium)
On First and Final Call	Balance

Applications for 65,000 shares were received and allotment was made to all the applicants. A shareholder, Ram, who was allotted 2,000 shares, failed to pay the allotment money. His shares were forfeited immediately after allotment Afterwards, the first and final call was made Sohan who had 3,000 shares failed to pay the first and final call. His shares were also forfeited. Out of the forfeited shares, 4,000 shares were re-issued at ₹ 50 per share fully paid up. The re-issued shares included all the shares of Ram.
Pass necessary journal entries for the above transactions in the books of R.K. Ltd.

State giving reasons which of the following transactions would Improve Reduce or Not change the Quick Ratio if Quick Ratio is (i) 1.5 : 1, (ii) 1 : 1 or (iii) 0.8 : 1.

1. Payment of Outstanding Liabilities
2. Debentures of ₹ 2,00,000 converted into equity shares.
3. Purchase of goods on Credit of 2 months.
4. B/R endorsed to Creditors.
5. Sale of goods Costing ₹ 50,000 for ₹ 45,000.
6. B/R drawn on a Debtor.
7. Paid rent ₹ 3,000 in advance.
8. Trade receivables included a debtor Sh. Ashok who paid his entire amount due ₹ 9,700.

ABC Ltd. is a leading manufacturing Company. Encouraged by the spurt in its profits, Company decided to give 15% interim dividend to the equity shareholders of the Company. Following is the comparative Statment of Profit and Loss of the Company:

You are required to:

1. Fill in the missing figures in the Comparative Statment of Profit & Loss.
2. Compute the Net Profit Ratio for both the years.
3. Identif y the values involved in paying the interim dividend.

Under which major head of Statement of Profit and Loss the following items will be shown:

1. Consumption of Loose Tools.
2. Sale of Services.
3. Trade Marks written off.
4. Trade Payables written off.
5. Canteen Expenses.
6. Purchase of Stock in Trade.
7. Courier Charges.
8. Revenue from Project Consultancy.
9. Computer Hiring Charges.
10. Commitment Charges.