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5.16 Analysis of Financial Statements—CBSE XII
6. Prepare Comparative Statement of Profit & Loss of Advance Marketing Ltd. from the following Statement
of Profit & Loss and Additional Information:
Particulars Note No. 31 March, 31 March,
2024 (`) 2023 (`)
I. Income
Revenue from Operations (Net Sales) 30,00,000 25,00,000
Other Income 40,000 40,000
Total 30,40,000 25,40,000
II. Expenses
Cost of Materials Consumed 18,00,000 15,00,000
Changes in Inventories of Finished Goods and WIP (15,000) 10,000
Employees Benefit Expenses 2,40,000 2,40,000
Finance Costs 90,000 70,000
Depreciation and Amortisation Expenses 22,500 25,000
Other Expenses 1 3,02,000 2,66,000
Total 24,39,500 21,11,000
III. Profit (I – II) 6,00,500 4,29,000
Note to Accounts
Particulars 31st March, 31st March,
2024 (`) 2023 (`)
1. Other Expenses
Power and Fuel 40,000 36,000
Carriage Outwards 9,500 7,500
Licence Fee 2,500 2,500
Selling and Distribution Expenses 1,90,000 1,70,000
Provision for Tax 60,000 50,000
3,02,000 2,66,000
[Ans.:
Particulars Revenue Cost of Changes in Finance Depreciation and Other Profit before Profit after
from Materials Inventories of Costs Amortisation Expenses Tax Tax
Operations Consumed FG and WIP Expenses
Absolute Amount (`) 5,00,000 3,00,000 (25,000) 20,000 (2,500) 26,000 1,81,500 1,71,500
Percentage (%) 20.00 20.00 (250.00) 28.57 (10.00) 12.04 37.89 39.98
]
7. Given below is the information extracted from the books of Shyam Ltd.:
Particulars 31st March, 2024 31st March, 2023
Revenue from Operations (Net Sales) ` 20,00,000 ` 17,50,000
Purchases of Stock-in-Trade ` 10,00,000 ` 8,25,000
Change in Inventories of Stock-in-Trade ` 1,70,000 ` 1,50,000
Other Expenses ` 11,500 ` 7,700
Income Tax 40% 40%
Prepare Comparative Statement of Profit & Loss on the basis of the above information.
[Ans.:
Particulars Revenue Purchases of Change in Other Total Net Profit Tax Net Profit
from Stock-in-Trade Inventories of Expenses Expenses before after
Operations Stock-in-Trade Tax Tax
Absolute Change (`) 2,50,000 1,75,000 20,000 3,800 1,98,800 51,200 20,480 30,720
Percentage Change (%) 14.29 21.21 13.33 49.35 20.23 6.67 6.67 6.67
]