Question
Prepare a Comparative Statement of Profit from the following information:

Answer



Changes in inventories mence opening stock less closing stock.

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From the following information, perpare Cash Flow Statement:
Following information is extracted from the statement of profit and loss of gold coin Ltd. for the year ended 31st march 2015:

prepare comparative statement of profit and loss.
On 1.4.2018 Roshni Ltd. had ₹ 50,00,000, 9% debentures of ₹ 100 each outstanding.
  1. On 1.4.2014 the company purchased in the open market 20,000 of its own debentures at ₹ 98.50 each and cancelled the same immediately.
  2. On 1.10.2014 the company redeemed at par debentures of ₹ 16,00,000 by draw of a lot.
  3. On 31.3.2015 the remaining debentures were purchased for cancellation for ₹ 9,98,000.
Ignoring interest on debentures and debenture redemption reserve, pass necessary journal entries for the above transactions in the books of Roshni Ltd.
X Ltd. took over the assets of ₹ 6,00,000 and liabilities of ₹ 80,000 of Y Ltd for an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 12% Debentures of ₹ 100 each. Give necessary journal entries in the books of X Ltd., assuming that:
Case (a): The debentures are issued at par.
Case (b): The debentures are issued at 20% premium.
Case (c): The debentures are issued at 10% discount.
Briefly explain the meaning and significance of any two of the following ratios:
  1. Gross Profit Ratio.
  2. Quick Ratio.
  3. Inventory Turnover Ratio
The following balances are extracted from the books ofRajhans Products Ltd. as at 31st March, 2018.
Net Profit after payment of interest and income tax amounted to ₹ 60,000. Rate of Income Tax 50%.
Calculate the following ratios and give your comments:
  1. Current Ratio.
  2. Proprietary Ratio.
  3. Total Assets to Debt Ratio.
  4. Interest Coverage Ratio.
Calculate G.P. Ratio from the following:
Cash Revenue from Operations are $\frac{1}{3}\text{rd}$ of total Revenue from Operations. Cash Revenue from Operations were ₹ 6,00,000; Credit Purchases are 25% of total purchases. Credit Purchases were ₹ 3,00,000. Opening Inventoryt ₹ 1,00,000; Closing Inventory was ₹ 50,000 more than Opening Inventory. Carriage ₹ 15,000. Wages ₹ 35,000.
From the following Balance Sheet of JY Ltd. as at $31^{st}$ March $2017$, prepare a Cash Flow Statement:
Notes to Accounts:

Additional Information:
₹ $1,00,000, 10\%$ debentures were issued on $31.3.2017$.
From the following Balance Sheet and other information, calculate any three of the following ratios:
  1. Debt-Equity Ratio.
  2. Proprietary Ratio.
  3. Total Assets to Debt Ratio.
  4. Working Capital Turnover Ratio.
  5. Trade Receivables Turnover Ratio.
Other Information:
Revenue from Operations during the year amounted to ₹ 1,80,000.
Rich sugar Ltd. issued ₹ 20 Lakh, 8% Debentures divided into debentures of ₹ 100 each on 1st April, 2013, redeemable in four equal annual instalments starting from 31st March, 2016. The company decided to transfer to Debentures Redemption Reserve ₹ 2,50,000 each year on 31st March, 2014 and 2015.
The company invested ₹ 3,00,000 in Government securities as required by the Companies Act, 2013.
Pass necessary journal entries for the above transactions.