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T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements

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T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.30

Solution Ex. 1

 

In the Books of D Ltd.

Comparative Balance Sheet

as at March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Changes

(%)

I. Equity and Liabilities

 

 

1. Shareholders' Funds

 

 

---------Share Capital

3,00,000

3,50,000

50,000

16.67

---------Shareholders' Fund

3,00,000

3,50,000

50,000

16.67

2. Non - Current Liabilities

 

 

---------Long-Term Borrowings

2,00,000

1,00,000

(1,00,000)

(50.00)

3. Current Liabilities

 

 

 

 

---------Trade Payables

1,00,000

1,50,000

50,000

50.00 

---------Total

6,00,000

6,00,000

-

-

II. Assets

 

 

 

 

1. Non - Current Assets

 

 

 

 

---------Fixed Assets (Tangible)

3,00,000

4,00,000

1,00,000

33.33

2. Current Assets

 

 

 

 

---------Trade Receivables

3,00,000

2,00,000

(1,00,000)

(33.33)

---------Total

6,00,000

6,00,000

-

-

 

 

Solution Ex. 2

 

In the Books of Radha Ltd.

Comparative Balance Sheet

as at March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Changes

( %) 

I. Equity and Liabilities

 

 

1. Shareholders' Funds

 

 

a. Equity Share Capital

10,00,000

15,00,000

5,00,000

50.00

b. Reserve and Surplus

10,00,000

10,00,000

-

-

Shareholders' Fund

20,00,000

25,00,000

5,00,000

25.00

2. Non - Current Liabilities

 

 

---------Long-Term Borrowings

2,00,000

8,00,000

6,00,000

300.00

3. Current Liabilities

 

 

 

 

---------Trade Payables 

3,00,000

5,00,000

2,00,000

66.67

---------Total

25,00,000

38,00,000

13,00,000

52.00

II. Assets

 

 

 

 

1. Non - Current Assets

 

 

 

 

Fixed Assets (Tangible)

 

 

 

 

a. Tangible Assets

15,00,000

25,00,000

10,00,000

66.67

b. Intangible Assets

5,00,000

5,00,000

-

-

 

20,00,000

30,00,000

10,00,000

50.00

2. Current Assets

 

 

 

 

a. Trade Receivables

3,50,000

6,00,000

2,50,000

71.43

b. Cash and Cash Equivalents

1,50,000

2,00,000

50,000

33.33

 

5,00,000

8,00,000

3,00,000

60.00

---------Total

25,00,000

38,00,000

13,00,000

52.00

 

 

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.31

Solution Ex. 3

In the Books of Blue Bell Ltd.

Comparative Balance Sheet

as at March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Changes

( %) 

I. Equity and Liabilities

 

 

1. Shareholders' Funds

 

 

a. Equity Share Capital

2,44,000

3,26,000

82,000

33.61

b. Reserve and Surplus

1,00,000

1,00,000

-

-

---------Shareholders' Fund

3,44,000

4,26,000

82,00

23.84

2. Non - Current Liabilities

 

 

---------Long-Term Borrowings

4,38,000

6,96,000

2,58,000

58.90

3. Current Liabilities

 

 

 

 

---------Trade Payables 

78,000

2,98,000

2,20,000

282.05

---------Total

8,60,000

14,20,000

5,60,000

65.12

II. Assets

 

 

 

 

1. Non - Current Assets

 

 

 

 

a. Fixed Assets

4,30,000

5,68,000

1,38,000

32.09

b. Non-Current Investments

4,000

6,000

2,000

50.00

 

4,34,000

5,74,000

1,40,000

32.26

2. Current Assets

 

 

 

 

a. Trade Receivables

3,76,000

6,46,000

2,70,000

71.81

b. Cash and Cash Equivalents

50,000

2,00,000

1,50,000

300.00

 

4,26,000

8,46,000

4,20,000

98.59

---------Total

8,60,000

14,20,000

5,60,000

65.12

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.32

Solution Ex. 4

 

In the Books of Wye Ltd.

Balance Sheet

as at March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Comments 

I. Equity and Liabilities

 

 

1. Shareholders' Funds

 

 

a. Share Capital

 

 

 i. Equity Share Capital

4,00,000

4,00,000

-

No Changes

 ii. Preference Share Capital

1,00,000

1,00,000

-

No Changes

b. 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

 

 

---------Secured

4,50,000

3,50,000

1,00,000

Decrease

---------Unsecured

-

1,00,000

1,00,000

Increase

b. Long-Term Provisions

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 Changes 

---------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 Changes

2. Current Assets

 

 

 

 

a. Trade Receivables

3,00,000

5,00,000

2,00,000

Increase

b. Cash and Cash Equivalents

1,00,000

1,10,000

10,000

Increase

---------Total

15,40,000

17,00,000

1,60,000

 

 

 

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.33

Solution Ex. 5

 

In the Books of Royal Industries Ltd.

Comparative Balance Sheet

as at March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Changes

( %) 

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

 

 

---------Long-Term Borrowings

3,00,000

2,00,000

(1,00,000)

(33.33)

3. Current Liabilities

 

 

 

 

---------Trade Payable

1,00,000

15,00,000

5,00,000

50.00

---------Total

10,00,000

15,00,000

5,00,000

50.00

II. Assets

 

 

 

 

1. Non - Current Assets

 

 

 

 

a. Fixed Assets

 

 

 

 

 i. Tangible Assets

4,00,000

8,00,000

4,00,000

50.00

 ii. Intangible Assets

2,00,000

2,00,000

-

-

b. Non-Current Investment

2,00,000

2,00,000

-

-

2. Current Assets

 

 

 

 

a. Inventories

1,50,000

2,50,000

10,00,000

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

 

 

Solution Ex. 6

 

Comparative Balance Sheet

as at March 31, 2017 and March 31, 2018 

Particulars 

2018

(`) 

2017

(`) 

Absolute Change

(`) 

Percentage Changes

( %) 

I.  Equity and Liabilities

 

 

1. Shareholders' Funds

 

 

a. Equity Share Capital

 

 

---------Equity Share Capital

12,50,000

5,00,000

7,50,000

150.00

---------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

100.00

b. Trade Payable

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

22,50,000

15,00,000

7,50,000

50.00

---------Fixed Assets (Tangible)

 

 

 

 

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

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.34

Solution Ex. 7

 

Comparative Balance Sheet of Depth Ltd.

as at March 31, 2017 and March 31, 2018 

Particulars 

2018

(`) 

2017

(`) 

Absolute Change

(`) 

Percentage Changes

( %) 

I. Equity and Liabilities

 

 

1. Shareholders' Funds

 

 

a. Share Capital

2,80,000

1,80,000

1,00,000

55.56

b. Reserve and Surplus

1,00,000

1,00,000

-

-

3,80,000

2,80,000

1,00,000

35.71

2. Non - Current Liabilities

 

 

---------Long-Term Borrowings

80,000

20,000

60,000

300.00

3. Current Liabilities

 

 

 

 

---------Trade Payables

50,000

30,000

20,000

66.67

---------Total

5,10,000

3,30,000

1,80,000

54.55

II.  Assets

 

 

 

 

1. Non - Current Assets

 

 

 

 

a. Fixed Assets

 

 

 

 

 i. Tangible Assets

2,80,000

1,80,000

1,00,000

55,56

 ii. Intangible Assets

50,000

30,000

20,000

66.67

b. Non-Current Investments

80,000

50,000

30,000

60.00

 

4,10,000

2,60,000

1,50,000

57.69

2. Current Assets

 

 

 

 

a. Inventories

70,000

30,000

40,000

133.33

b. Cash and Cash Equivalents

30,000

40,000

(10,000)

(25,00)

 

1,00,000

70,000

30,000

42.86

---------Total

5,10,000

3,30,000

1,80,000

54.55

 

 

 

Solution Ex. 8

 

 

Comparative Income Statement

for the year ended March 31, 2014 and 2015 

Particulars 

2014

(`) 

2015

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

I. Revenue from Operations

45,00,000

60,00,000

15,00,000

33.33

II. Expenses

 

 

a. Employees Benefit Expenses

22,50,000

30,00,000

7,50,000

33.33

b. Depreciation and Amortisation

6,00,000

7,50,000

1,50,000

25.00

c. Other Expenses

10,00,000

15,50,000

5,50,000

55.00

Total Expenses

38,50,000

53,00,000

14,50,000

37.67

Profit before Income Tax (I-II)

6,50,000

7,00,000

50,000

7.69

---------Less: Income Tax

1,95,000

2,10,000

15,000

7.69

Profit after Income Tax

4,55,000

4,90,000

35,000

7.69

 

 

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.35

Solution Ex. 9

 

Comparative Income Statement

for the year ended March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

I. Revenue from Operations

3,00,000

3,50,000

50,000

16.67

II. Expenses

 

 

---------Purchases of Stock-in-Trade

1,80,000

2,10,000

30,000

16.67

---------Changes in Inventories of Stock-in-Trade

20,000

15,000

(5,000)

(25.00)

---------Employees Benefit cost

15,000

17,500

2,500

16.67

---------Other Expenses

5,000

7,500

2,500

50.00

2,20,000

2,50,000

30,000

13.67

Profit before Income Tax (I-II)

80,000

1,00,000

20,000

25.00

---------Less: Income Tax

24,000

30,000

6,000

25.00

Profit after Income Tax

56,000

70,000

14,000

25.00

 

 

Solution Ex. 10

 

Comparative Balance Sheet

For the year ended March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

I. Revenue from Operations

2,50,000

3,00,000

50,000

20.00

II. Expenses

 

 

---------Cost of Materials Consumed

1,00,000

1,20,000

20,000

20,000

---------Changes in Inventories of WIP and Finished Goods

5,000

(2,000)

(7,000)

(140.00)

---------Employees Benefit Expenses (Wages)

25,000

30,000

5,000

20.00

---------Other Expenses

20.000

22,000

2,000

10.00

1,50,000

1,70,000

20,000

13.33

Profit before Income Tax (I-II)

1,00,000

1,30,000

30,000

30.00

---------Less: Income Tax

-

-

-

-

Profit after income Tax

1,00,000

1,30,000

30,000

30.00

 

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.36

Solution Ex. 11

 

Comparative Income Statement

for the year ended March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

 I. Revenue from Operations

20,00,000

30,00,000

10,00,000

50.00

 II. Other Income

4,00,000

3,60,000

(40,000)

(10.00)

 III. Total Revenue (I+II)

24,00,000

33,60,000

9,60,000

40.00

 IV. Expenses

12,00,000

21,00,000

9,00,000

75.00

Profit before Income Tax (I-II)

12,00,000

12,60,000

60,000

5.00

Less: Income Tax @ 40%

4,80,000

5,04,000

24,000

5.00

Profit after income Tax

7,20,000

7,56,000

36,000

5.00

 

 

Working Notes:

1 Computation of Other Income 

Particulars

2017

(Rs.) 

2018

(Rs.) 

Revenue from operations

20,00,000

30,00,000

% of Revenue from operations

20%

12%

Other Income

4,00,000

3,60,000

 

2 Computation of Expenses

Particulars

2017

(Rs.) 

2018

(Rs.) 

Revenue from operations

20,00,000

30,00,000

% of Revenue from operations

60%

70%

Expenses

12,00,000

21,00,000

 

 

Solution Ex. 12

 

Comparative Income Statement

for the year ended March 31, 2017 and 2018 

Particulars 

March

31, 2017

(`) 

March

31, 2018

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

 I. Revenue from Operations (WNI) 

12,00,000

16,80,000

4,80,000

40.00

 

 

 II. Expenses

 

 

a. Cost of Material Consumed

6,00,000

13,44,000

7,44,000

124.00

b. Other Expenses (WN2)

1,20,000

1,68,000

48,000

40.00

7,20,000

15,12,000

7,92,000

110.00

Profit before Income Tax (I-II)

4,80,000

1,68,000

(3,12,000)

(65.00)

---------Less: Income Tax @ 50%

2,40,000

84,000

(1,56,000)

(65.00)

Profit after income Tax

2,40,000

84,000

1,56,000

65.00

 

 

Working Notes:

1 Computation of Revenue from operations  

Particulars

2017

(Rs.) 

2018

(Rs.) 

Cost of Materials Consumed

6,00,000

13,44,000

% of Materials Consumed

200%

125%

Revenue from operations

12,00,000

16,80,000

 

2 Computation of Other Expenses 

Particulars

2017

(Rs.) 

2018

(Rs.) 

Revenue from operations

% of Revenue from operations

12,00,000

10%

16,80,000

10%

Other Income

1,20,000

1,68,000

 

 

Solution Ex. 13

 

Comparative Income Statement

for the year ended March 31, 2017 and 2018 

Particulars 

2017

(`) 

2018

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

I. Revenue from Operations

40,00,000

50,00,000

10,00,000

25,00

II. Expenses

 

 

---------Purchases of Stock-in-Trade

28,50,000

34,00,000

5,50,000

19.30

---------Changes in Inventories of Stock-in-Trade

1,50,000

1,00,000

(50,000)

(33.33)

---------Employees Benefit Expenses

1,00,000

1,00,000

-

-

---------Other Expenses

1,50,000

2,00,000

5,50,000

33.33

32,50,000

38,00,000

5,50,000

16.92

Profit before Income Tax (I-II)

7,50,000

12,00,000

4,50,000

60,00

---------Less: Income Tax

-

-

-

-

Profit after income Tax

7,50,000

12,00,000

4,50,000

60.00

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.37

Solution Ex. 14

 

Comparative Income Statement

for the year ended March 31, 2017 and 2018 

Particulars 

March

31, 2017

(`) 

March

31, 2018

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

 I. Revenue from Operations

40,00,000

50,00,000

10,00,000

25.00

 II. Other Income

2,00,000

3,00,000

1,00,000

50.00

 III. Total Revenue (I+II)

42,00,000

53,00,000

11,00,000

26.19

 IV. Expenses

 

 

---------Purchases of Stock-in-Trade

32,00,000

34,00,000

2,00,000

6.25

---------Changes in Inventory of Stock-in-Trade

(2,00,000)

1,00,000

3,00,000

150.00

---------Employee Benefit Expenses

1,00,000

1,00,000

-

-

---------Finance Cost

50,000

45,000

(5,000)

(10.00)

---------Depreciation

25,000

30,000

5,000

20.00

---------Other Expenses

3,00,000

3,25,000

25,000

8.33

34,75,000

40,00,000

5,25,000

15.10

Profit before Income Tax (I-II)

7,25,000

13,00,000

5,75,000

79.31

---------Less: Income Tax

-

-

-

-

Profit after Income Tax

7,25,000

13,00,000

5,75,000

79.31

 

 

 

Solution Ex. 15

 

Comparative Income Statement

for the year ended March 31, 2017 and 2018 

Particulars 

March

31, 2017

(`) 

March

31, 2018

(`) 

Absolute Change

(`) 

Percentage Change

(%) 

 I. Revenue from Operations

25,00,000

37,50,000

12,50,000

50.00

 II. Other Income

5,00,000

4,50,000

(50,000)

(10.00)

 III. Total Revenue (I+II)

30,00,000

42,00,000

12,00,000

40.00

 IV. Expenses

 

 

a. Cost of Materials Consumed

12,50,000

22,50,000

10,00,000

80.00

b. Other Expenses

2,50,000

3,75,000

1,25,000

50.00

15,00,000

26,25,000

11,25,000

75.00

Profit before Income Tax (I-II)

15,00,000

15,75,000

75,000

5.00

Less: Income Tax@ 50%

7,50,000

7,87,500

37,500

5.00

Profit after Income Tax

7,50,000

7,87,500

37,500

5.00

 

T. S. Grewal Solution for Class 12 Commerce Accountancy Chapter 3 - Tools of Financial Statement Analysis - Comparative Statements and Common - Size Statements Page/Excercise 3.38

Solution Ex. 16

 

Comparative Income Statement

For the year ending  March 31, 2012 and 2013 

Particulars 

March

31, 2012

(Rs.) 

March

31, 2013

(Rs.) 

Absolute Change

(Rs.)

Percentage Change

(%)

 I. Revenue from Operations

8,00,000

14,00,000

6,00,000

75

 II. Other Income

4,00,000

6,00,000

2,00,000

50

 III. Total Revenue (I+II)

12,00,000

20,00,000

8,00,000

66.67

 IV. Expenses

 

 

a. Other Expenses

11,00,000

17,00,000

6,00,000

54.55

-------Total Expenses

11,00,000

17,00,000

6,00,000

54.55

Profit Before Tax (III-IV)

1,00,000

3,00,000

2,00,000

200

-------Less: Income Tax @ 40%

40,000

1,20,000

80,000

200

Profit After Tax

60,000

1,80,000