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Accountancy 3 Marks Question

Tools for Financial Analysis: Comparative Statements · CBSE STD 12 Commerce (CBSE - English Medium). 2 questions.

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3 Marks Question

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Question 13 Marks
Jai Ltd. is into the business of shoe manufacturing. On the occasion of its silver jubilee, it decided to distribute 1,000 shoes free of cost to the students belonging to economically weaker section of the society. Following is the Comparative Statement of Profit & Loss of the Company:
You are required to:
  1. Fill in the missing figures in the Comparative Statment of Profit & Loss.
  2. Identif y the values involved.
Answer
  1. Percentage(%) Change in:
  1. Values involved:
  1. Fulfilment of Social Responsibility.
  2. Concern for economically weaker section of the society.
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Question 23 Marks
What is Comparative Balance Sheet? How is it prepared?
Answer
Comparative Balance Sheet analysis is the study of the trend of same items, group of items and computed items in two or more Balance Sheets of the same business enterprise on different dates. The fonn of comparative balance sheet consists of five columns.
In the first column the items of Balance Sheet are entered. ln the second column the data for previous year is shown and in the third column the data for current year is shown. In the fourth column the increases or decreases in absolute data is shown in terms of rupee amounts. Fifth column shows the percentage of increase or decrease in absolute data.
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3 Marks Question - Accountancy STD 12 Commerce Questions - Vidyadip