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5.14 Analysis of Financial Statements—CBSE XII
3. From the following Balance Sheet of Usha Chemicals Ltd. as at 31st March, 2024, prepare Comparative
Balance Sheet:
Particulars 31st March, 31st March,
2024 (`) 2023 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 7,00,000 4,00,000
(b) Reserves and Surplus 5,00,000 6,00,000
2. Non-Current Liabilities
Long-term Borrowings (12% Loan) 13,00,000 10,00,000
3. Current Liabilities
(a) Trade Payables 5,60,000 3,75,000
(b) Short-term Provisions 40,000 25,000
Total 31,00,000 24,00,000
II. ASSETS
1. Non-Current Assets 31.3.2024 (`) 31.3.2023 (`)
(a) Property, Plant and Equipment and Intangible Assets:
—Property, Plant and Equipment 18,00,000 20,00,000
(b) Less: Accumulated Depreciation 6,00,000 8,00,000
12,00,000 12,00,000 12,00,000 12,00,000
2. Current Assets
(a) Trade Receivables 16,50,000 10,00,000
(b) Cash and Cash Equivalents 2,50,000 2,00,000
Total 31,00,000 24,00,000
[Ans.:
Particulars Shareholders’ Funds Non-Current Liabilites Current Liabilities Current Assets
Absolute Change (`) 2,00,000 3,00,000 2,00,000 7,00,000

Percentage Change (%) 20.00 30.00 50.00 58.33
]
4. From the following Statement of Profit & Loss, prepare Comparative Statement of Profit & Loss:
Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)
I. Income
Revenue from Operations 10,00,000 7,50,000
Other Income 10,000 7,500
Total 10,10,000 7,57,500
II. Expenses
Purchases of Stock-in-Trade 4,00,000 3,00,000
Change in Inventories of Stock-in-Trade 1,00,000 75,000
Employees Benefit Expenses 1,44,000 1,44,000
Depreciation and Amortisation Expenses 10,000 12,000
Other Expenses 25,000 14,000
Total 6,79,000 5,45,000
III. Profit before Tax (I – II) 3,31,000 2,12,500
IV. Tax @ 30% 99,300 63,750
V. Profit after Tax (III – IV) 2,31,700 1,48,750