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Comparative Statements and Common-Size Statements 5.13

Unsolved Questions

1. Prepare Comparative Balance Sheet of Deepankur Ltd.:
Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 9,00,000 7,50,000
(b) Reserves and Surplus 3,30,000 2,85,000
2. Non-Current Liabilities
Long-term Borrowings: 12% Debentures, Secured 3,00,000 4,50,000
3. Current Liabilities
(a) Short-term Borrowings 1,40,000 1,70,000
(b) Trade Payables 2,00,000 1,50,000
(c) Other Current Liabilities 60,000 45,000
(d) Short-term Provisions 20,000 10,000
Total 19,50,000 18,60,000
II. ASSETS
1. Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets:
—Property, Plant and Equipment 9,55,000 10,45,000
(b) Non-Current Investments 2,00,000 2,00,000
2. Current Assets
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 2,50,000 2,25,000
(c) Cash and Cash Equivalents 1,95,000 1,10,000
(d) Other Current Assets 1,00,000 80,000
Total 19,50,000 18,60,000
[Ans.: Change in Percentage: Share Capital 20%; Reserves and Surplus 15.79%; Debentures (33.33%);
Current Liabilities 12%; Non-Current Assets (7.23%); Current Assets 29.27%.]
2. From the following Statement of Profit & Loss, prepare Comparative Statement of Profit & Loss (Income
Statement):
Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)
I. Income
Revenue from Operations (Sales) 19,20,000 16,00,000
II. Expenses
Purchases of Stock-in-Trade 11,70,000 9,50,000
Change in Inventories of Stock-in-Trade (10,000) 50,000
Employees Benefit Expenses 3,80,000 2,80,000
Other Expenses 1,50,000 2,00,000
Total 16,90,000 14,80,000
III. Net Profit (I – II) 2,30,000 1,20,000
[Ans.:
Particulars Revenue from Purchases of Change in Employees Other Total Net
Operations Stock-in-Trade Inventories of Benefit Expenses Expenses Profit
Stock-in-Trade Expenses
Absolute Change (`) 3,20,000 2,20,000 (60,000) 1,00,000 (50,000) 2,10,000 1,10,000
Percentage Change (%) 20.00 23.16 (120.00) 35.71 (25.00) 14.19 91.67
]