Question 16 Marks
Give a specimen of Comparative Balance Sheet of a Company for two years for comparison purpose.
Questions
6 Marks Question
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35 questions · timed · auto-graded
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Question 26 Marks
Prepare a comparative Statement of Profit of Varun Ltd. with the help of the following information:
Question 36 Marks
Form the following information provided, prepare Comparative Statement of Profit and loss for the years ended 31st March 2018 and 2017:
Answer
Note:
Other expenses for 2012 $=\frac{20}{100}[₹\ 6,00,000-₹\ 3,60,000]=₹\ 48,000.$
Other expenses for 2013 $=\frac{15}{100}[₹\ 9,00,000-₹\ 4,50,000]=₹\ 67,500.$
View full question & answer→Note: Other expenses for 2012 $=\frac{20}{100}[₹\ 6,00,000-₹\ 3,60,000]=₹\ 48,000.$
Other expenses for 2013 $=\frac{15}{100}[₹\ 9,00,000-₹\ 4,50,000]=₹\ 67,500.$
Question 46 Marks
Prepare a Comparative Statement of Profit & Loss from the following:
Interest on investments @ ₹ 2,00,000 and taxes payable @ 50%.
Interest on investments @ ₹ 2,00,000 and taxes payable @ 50%.
Question 56 Marks
Prepare a Comparative Statement of Profit & Loss with the help of the following information:
Question 66 Marks
Give a specimen of Comparative Statements of Profit & Loss for two years.
Question 76 Marks
Prepare a comparative statement of profit & loss from the following:
Interest on investment @ ₹ 50,000 each year.
Interest on investment @ ₹ 50,000 each year.
Question 86 Marks
From the following information, prepare a Comparative Statement of Profit & Loss:
Question 96 Marks
India Ltd. is in advertisement business. Encouraged by substantial profits, company decided to donate ₹ 1,00,000 to an Old Age Home in the locality where the company had its head office. Following particulars are obtained from the Company's books:
You are required to:
You are required to:
- Prepare a Comparative Statement of Profit & Loss, and
- Identify the value involved.
Question 106 Marks
Prepare a Comparative Statement of Profit with the help of the following Information:
Question 116 Marks
With the help of the following information prepare a Comparative Statement of Profit & Loss of Gopal Ltd.
Question 126 Marks
Prepare a Comparative Statement of Profit from the following information:
Answer
Changes in inventories mence opening stock less closing stock.
View full question & answer→Changes in inventories mence opening stock less closing stock.
Question 136 Marks
From the following information, prepare a Comparative Statement of Profit:
Question 146 Marks
Prepare a 'Comparative Statement of Profit and Loss' from the following information:
Question 156 Marks
From the following information, prepare Comparative Statement of Profit and Loss:
Answer
Working note:
View full question & answer→Working note:
| Gross profit | = | Revenue from Operations | → | Cost of materials consumed |
| Gross profit 2014 - 15 | = | ₹ 6,00,000 - ₹ 4,50,000 | = | ₹ 1,50,000 |
| Gross profit 2015 - 16 | = | ₹ 8,00,000 - ₹ 4,80,000 | = | ₹ 3,20,000 |
| Other Exp. for 2014 - 15 | = | 10% of ₹ 1,50,000 | = | ₹ 15,000 |
| Other Exp. for 2015 - 16 | = | 20% of ₹ 3,20,000 | = | ₹ 64,000 |
Question 166 Marks
Prepare a Comparative Statement of Profit & Loss from the following information:
Question 176 Marks
From the following data, prepare a Statement of Profits in the comparative form:
Question 186 Marks
Prepare a Comparative Statement of profit from the following:
Question 196 Marks
From the following Statment of profit and loss of the Sakhi Ltd. for the years ended 31st march 2015 and 2016, prepare comprative statment of profit & loss.
Question 206 Marks
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:
You are required to:
- Fill in the missing figures in the Comparative Statment of Profit & Loss.
- Compute the Net Profit Ratio for both the years.
- Identif y the values involved in paying the interim dividend.
Answer
Net Profit Ratio $=\frac{\text{Net Profit After Tax}}{\text{Revenue from Operation}}\times100$
$2015-16=\frac{18,00,000}{50,00,000}\times100=36\%$
$2016-17=\frac{26,50,000}{75,00,000}\times100=35.33\%$
Values involved:
View full question & answer→Net Profit Ratio $=\frac{\text{Net Profit After Tax}}{\text{Revenue from Operation}}\times100$$2015-16=\frac{18,00,000}{50,00,000}\times100=36\%$
$2016-17=\frac{26,50,000}{75,00,000}\times100=35.33\%$
Values involved:
- Sharing: Company has shared its profits with the shareholders.
- Fulfilment of Responsibility: By paying part of its profits in the shape of dividends, Company has fulfilled its responsibility towards shareholders who had invested their money in the Company .
Question 216 Marks
Profit & loss statement for the year ended 31st march 2017 and 2016:
Calculate percentage changes from 2016 to 2017.
Calculate percentage changes from 2016 to 2017.
Question 226 Marks
From the following information, prepare a Comparative Balance Sheet of Depth Ltd.
Question 236 Marks
From the following Balance Sheets of Royal Industries as at 31st March, 2017 and 2016, prepare a comparative Balance Sheet:
Answer
Note: While solving a question, previous year fingures will be placed first. calculation of percentage increase or decrease is as follows.
$\frac{\text{C}}{\text{A}}\times100=\text{D}$
View full question & answer→Note: While solving a question, previous year fingures will be placed first. calculation of percentage increase or decrease is as follows.$\frac{\text{C}}{\text{A}}\times100=\text{D}$
- $\frac{3,00,000}{5,00,000}\times100=60\%$
- $\frac{1,00,000}{3,00,000}\times100=33.33\%$
Question 246 Marks
From the following information, prepare a Comparative Statement of Profit & Loss:
Question 256 Marks
What is meant by Comparative Financial Statements? Explain their objectives.
Answer
View full question & answer→Comparative Financial Statement is a tool of financial analysis that shows change in each item of the Financial Statements in both absolute amount and percentage terms, taking the item in preceding accounting period as base.
- Data Presentation becomes Simple and Comparable: Comparative Statement or Comparative Financial Statement is a statement with data for two or more years in a tabular form. Thus, it is a simple presentation, understandable and comparable. It helps in drawing conclusions easily.
- Indicates Trend: Comparative Statement or Comparative Financial Statement gives information about the changes affecting financial position and performance of an enterprise. It is an indicator of trend and, thus, helps in forecasting.
- Indicates Strengths and Weaknesses: Comparative Statement or Comparative Financial Statement indicates strengths and weaknesses of the enterprise with respect to liquidity, profitability and solvency.
- Comparison with other Firms and Industry Performance (i.e., Inter-firm Comparison): Comparative Statement or Comparative Financial Statement helps in comparison of an enterprise's performance with that of other enterprises or with that of the industry.
- Forecasting and Planning: Analysing changes and trend in the financial data of previous years helps the management in forecasting and planning.
Question 266 Marks
Prepare a Comparative Statement of Profit & Loss from the following information:
Question 276 Marks
From the following information, prepare Comparative Balance Sheet of Y Ltd:
Question 286 Marks
From the following Statement of Profit and Loss of Moontrack Ltd., for the years ended 31st March 2012 and 2011, prepare a 'Comparative Statement of Profit & Loss,
Question 296 Marks
From the following Statement of Profit and Loss of Star Ltd. for the years ended 31st March 2018 and 2017 prepare a comparative statement of Profit & Loss:
Question 306 Marks
Prepare a Comparative Statement of Profit & Loss from the following information:
Question 316 Marks
Prepare a Comparative Balance Sheet from the following and interpret it:
Question 326 Marks
From the following 'Statement of Profit & Loss' of Fenox Ltd. for the years ended 31st March, 2013 and 2012 prepare a 'Comparative Statement of Profit & Loss:
Question 336 Marks
From the following information, prepare a Comparative Statement of Profit & Loss of Zee Ltd:
Question 346 Marks
Take a few imaginary figures and prepare a Comparative Statement of Profit & Loss for two years.
Question 356 Marks
Prepare a Comparative Statement of Profit & Loss with the help of following information:
