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M.416 An Aid to Accountancy—CBSE XII

Or
(a) State one objective of Comparative Income Statement.
(b) Prepare Common-size Statement of Profit and Loss from the following information:
31st March, 2017 (`) 31st March, 3018 (`)
Revenue from Operations 20,00,000 30,00,000
Other Income 4,00,000 3,60,000
Expenses 12,00,000 21,00,000
Tax Rate 50% 50%

23. From the following Balance Sheet of Bee 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 15,00,000 12,50,000
(b) Reserves and Surplus 1 7,50,000 6,00,000
2. Non-Current Liabilities
Long-term Borrowings (10% Debentures) 2,00,000 ...
3. Current Liabilities
(a) Short-term Borrowings (10% Bank Loan) 1,00,000 50,000
(b) Trade Payables 2 7,00,000 6,50,000
(c) Short-term Provisions 3 2,50,000 1,50,000
Total 35,00,000 27,00,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 3,00,000 2,00,000
(b) Non-current Investments 1,00,000 1,50,000
2. Current Assets
(a) Inventories (Stock) 12,00,000 8,70,000
(b) Trade Receivables (Debtors) 9,00,000 9,80,000
(c) Cash and Cash Equivalents 10,00,000 5,00,000
Total 35,00,000 27,00,000

Notes to Accounts
Particulars 31st March, 31st March,
2018 2017
` `

1. Reserves and Surplus
General Reserve 1,50,000 1,00,000
Surplus, i.e., Balance in Statement of Profit and Loss 6,00,000 5,00,000
7,50,000 6,00,000