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M.132 An Aid to Accountancy—CBSE XII

Or
From the following information, prepare a Comparative Statement of Profit and Loss of
Y Ltd. for the year ended 31st March, 2018:

Particulars 31st March, 2018 31st March, 2017
Revenue from Operations ` 20,00,000 ` 10,00,000
Cost of Materials Consumed ` 15,00,000 ` 6,00,000
Other Expenses 12% of Cost of Materials Consumed 10% of Cost of Materials Consumed
Income Tax 40% 30%
(4)
22. (a) Inventory Turnover Ratio 5 Times, Inventory at the end is ` 20,000 more than that
in the beginning. Revenue from Operations ` 8,00,000. Rate of Gross Profit on Cost
1/4, Current Liabilities ` 2,40,000. Quick Ratio 0.75. Calculate Current Ratio.
(b) List any two uses of Return on Investment.
Or
(a) The Operating Ratio of Sujata Ltd. is 80%. State giving reason, which of the following
transactions will increase, decrease or not alter the Operating Ratio (Any three):
(i) Purchase of Goods of ` 20,000.
(ii) Goods costing ` 10,000 withdrawn for personal use.
(iii) Purchases Return of ` 8,000.
(iv) Loss on sale of Machinery of ` 30,000.
(b) How is Inventory Turnover Ratio computed? (3 + 1)
23. From the following Balance Sheet of Sunrise Ltd. as at 31st March, 2018, prepare
Cash Flow Statement:

Particulars Note No. 31st March 31st March
2018 (`) 2017 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 1 30,00,000 30,00,000
(b) Reserves and Surplus 2 9,00,000 5,00,000
2. Non-Current Liabilities
Long-term Borrowings 3 10,00,000 10,00,000
3. Current Liabilities
(a) Trade Payables 15,50,000 6,00,000
(b) Other Current Liabilities 4 1,00,000 70,000
(c) Short-term Provisions 5 50,000 30,000
Total 66,00,000 52,00,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets (Machinery) 30,00,000 20,00,000
(ii) Intangible Assets (Patents) 3,00,000 3,40,000
(b) Non-current Investments 2,00,000 1,50,000
2. Current Assets
(a) Inventories 4,00,000 6,00,000
(b) Trade Receivables 7,00,000 9,00,000
(c) Cash and Cash Equivalents 20,00,000 12,10,000
Total 66,00,000 52,00,000