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M.388 An Aid to Accountancy—CBSE XII

Revenue from Operations (Cash) ` 10,00,000
Revenue from Operations (Credit) 120% of Cash Revenue from Operations
Operating Expenses 10% of Total Revenue from Operations
Gross Profit Ratio 40%
Opening Inventory ` 1,50,000
Closing Inventory ` 20,000 more than Opening Inventory
Current Assets ` 3,00,000
Current Liabilities ` 2,00,000
Share Capital ` 6,00,000
Fixed Assets ` 5,00,000
Or
(a) Name the difference between Total Assets and Total Debts.
(b) Can Net Profit Ratio be more than Operating Ratio? State with reason.
(c) Calculate Operating Profit Ratio if Operating Ratio is 70%.
(d) Debt to Equity Ratio is 2 : 1. State giving reason, whether the Debt to Equity Ratio
will improve or decline or will not change on declaration of a final dividend. (4)
22. From the following information, prepare Comparative Income Statement for the years
ended 31st March, 2017 and 2018:
Particulars 31st March, 2018 31st March, 2017
Revenue from Operations ` 9,00,000 ` 6,00,000
Other Income ` 1,08,000 ` 1,20,000
Cost of Materials Consumed ` 5,40,000 ` 3,00,000
Other Expenses (Direct) ` 90,000 ` 60,000
Tax Rate 40% 40%
Or
Following is the Balance Sheet of Radha Ltd. as at 31st March, 2018:
Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 15,00,000 10,00,000
(b) Reserves and Surplus 10,00,000 10,00,000
2. Non-Current Liabilities
Long-term Borrowings 8,00,000 2,00,000
3. Current Liabilities
Trade Payables 5,00,000 3,00,000
Total 38,00,000 25,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets:
(i) Tangible Assets 25,00,000 15,00,000
(ii) Intangible Assets 5,00,000 5,00,000
2. Current Assets
(a) Trade Receivables 6,00,000 3,50,000
(b) Cash and Cash Equivalents 2,00,000 1,50,000
Total 38,00,000 25,00,000
You are required to prepare Comparative Balance Sheet on the basis of the information
given in the above Balance Sheet. (4)