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2.10 Management Accounting (Section B)—ISC XII

3. Prepare Comparative Income Statement from the following Statement of Profit and Loss:

Particulars Note No. 31st March, 31st March,
2020 (`) 2019 (`)
I. Income
Revenue from Operations 50,00,000 40,00,000
Other Income 3,00,000 2,00,000
Total 53,00,000 42,00,000
II. Expenses
Purchases of Stock-in-Trade 34,00,000 32,00,000
Change in Inventories of Stock-in-Trade 1,00,000 (2,00,000)
Employees Benefit Expenses 1,00,000 1,00,000
Finance Costs 45,000 50,000
Depreciation and Amortisation Expense 30,000 25,000
Other Expenses 3,25,000 3,00,000
Total 40,00,000 34,75,000
III. Net Profit (I – II) 13,00,000 7,25,000

4. Prepare Common-size Balance Sheet of Xylo Ltd. as at 31st March, 2020:
Particulars Note No. 31st March 31st March
2020 (`) 2019 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital:
(i) Equity Share Capital 6,00,000 6,00,000
(ii) Preference Share Capital 2,00,000 4,00,000
(b) Reserves and Surplus 2,00,000 2,00,000
2. Non-Current Liabilities
Long-term Borrowings (Debentures) 2,00,000 2,00,000
3. Current Liabilities
(a) Short-term Borrowings 90,000 1,50,000
(b) Trade Payables (Creditors) 1,00,000 1,25,000
(c) Short-term Provisions 20,000 25,000
Total 14,10,000 17,00,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible 6,00,000 6,00,000
(ii) Intangible 2,00,000 2,00,000
(b) Non-Current Investments 2,00,000 2,00,000
2. Current Assets
(a) Inventories 1,75,000 2,50,000
(b) Trade Receivables 1,45,000 2,75,000
(c) Cash and Bank Balances 90,000 1,75,000
Total 14,10,000 17,00,000