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M.470 An Aid to Accountancy—CBSE XII

COMPARATIVE BALANCE SHEET
as at 31st March, 2017 and 2018

A B C D = C – B E = D/B × 100
Particulars 31st March, 31st March, Absolute Percentage
2017 2018 Change Change
` ` ` (%)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 7,50,000 10,00,000 2,50,000 33.33
(b) Reserves and Surplus 2,50,000 3,00,000 50,000 20.00
2. Non-Current Liabilities
Long-term Borrowings 15,00,000 16,50,000 1,50,000 10.00
Total 25,00,000 29,50,000 4,50,000 18.00
II. ASSETS
1. Current Assets
(a) Cash and Cash Equivalents 5,00,000 6,00,000 1,00,000 20.00
(b) Other Current Assets 20,00,000 23,50,000 3,50,000 17.50
Total 25,00,000 29,50,000 4,50,000 18.00

You are to Calculate Debt to Equity Ratio for the two years.
Or
(a) State the objective of computing Inventory Turnover Ratio.

(b) Prepare Comparative Statement of Profit and Loss from the following Statement
of Profit and Loss:

Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)

I. Income
Revenue from Operations (Net Sales) 3,50,000 3,00,000
II. Expenses
Purchases of Stock-in-Trade 2,10,000 1,80,000
Change in Inventories of Stock-in-Trade 15,000 20,000
Employees Benefit Expenses 17,500 15,000
Other Expenses 7,500 5,000
Total 2,50,000 2,20,000
III. Profit before Tax (I – II) 1,00,000 80,000
IV. Less: Tax 30,000 24,000
V. Profit after Tax (III – IV) 70,000 56,000
(4 or 1 + 3)