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M.286 An Aid to Accountancy—CBSE XII

Or
(a) Distinguish between Horizontal Analysis and Vertical Analysis on the basis of period.
(b) From the following information, prepare Comparative Statement of Profit
and Loss:
31st March, 2019 31st March, 2018
Revenue from Operations ` 30,00,000 ` 20,00,000
Other Income (% of Revenue from Operations) 15% 20%
Expenses (% of Operating Revenue) 60% 50%
(1 + 3)
22. From the given information, calculate:
(a) Operating Ratio, (b) Inventory Turnover Ratio.
Cash Revenue from Operations Credit Revenue from Operations
—` 10,00,000 —120% of Cash Revenue form Operations
Operating Expenses Gross Profit Ratio
—10% of Total Revenue from Operations —40%
Opening Stock—` 1,50,000 Closing Stock—` 20,000 more than Opening Stock
Or
(a) A firm had Current Liabilities of ` 90,000. It then acquired Stock-in-trade at a cost of
` 10,000 on credit. After this acquisition, the Current Ratio was 2 : 1. Determine the size
of Current Assets and Working Capital after and before the inventories was acquired.
(b) Operating Cost ` 27,20,000, Operating Expenses ` 3,20,000, Gross Profit Ratio 25%.
Calculate Operating Ratio. (4)
23. Balance Sheet of New Light Ltd. for the year ended 31st March, 2018 is as follows:
BALANCE SHEET as at 31st March, 2018
Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 5,00,000 4,00,000
(b) Reserves and Surplus 1 3,20,000 2,50,000
2. Non-Current Liabilities
Long-term Borrowings 2 2,00,000 1,00,000
3. Current Liabilities
Trade Payables 1,50,000 90,000
Total 11,70,000 8,40,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets—Tangible 3 7,00,000 5,00,000
(b) 10% Non-Current Investments 70,000 50,000
2. Current Assets
(a) Inventories 60,000 90,000
(b) Trade Receivables 1,20,000 70,000
(c) Cash and Cash Equivalents (Cash at Bank) 2,20,000 1,30,000
Total 11,70,000 8,40,000