039 Double Entry Book Keeping—CBSE XII Comparative Balance Sheet 1. From the following information, prepare Comparative Balance Sheet of Popular Ltd.: Particulars 31st March, | 31st March, 2022 (%) 2023 (2) Shareholders’ Funds 15,00,000 | 2250,009 Non-current Liabil 7,50,000| —7,50,009 Current Liabilities 250,000| —7,50,009 Non-current Assets 17,50,000 | 26,25,009 Current Assets 7,50,000 | _11,25,000 [Ans.: Particulars Shareholders’ | Non-current Current Non-current Current Funds Liabilities Liabilities Assets Assets Absolute Change @) 7,50,000 . 5,00,000 875,000 3,75,000 Percentage Change (94) 50.00 200.00 50.00 50.00 2, From the following Balance Sheet, prepare Comparative Balance Sheet of KK Ltd. Particulars Note No. | 31stMarch, | 31st March, 2023 (%) | 2022() 1. EQUITY AND LIABILITIES 1. Shareholders’ Funds Share Capital 350,000] —3,00,000 2. Non-Current Liabilities Long-term Borrowings 1,00,000 | 2,00,000 3. Current Liabilities Trade Payables 1,50,000 | 1,00,000 Total 6,00,000| _6,00,000 I. ASSETS 1. Non-Current Assets Property, Plant and Equipment and intangible Assets: Property, Plant and Equipment 4,00,000 2. Current Assets Trade Receivables 3,00,000 2,00,000| _3,00,000 Total 6,00,000 [Ans.: Particulars Shareholders’ Non-current Current Non-current Current Funds Liabilities Liabilities Assets Assets Absolute Change (%) 50,000 (1,00,000) 50,000 1,00,000 (1,00,000) Percentage Change (%) 16.67 (50.00) 50.00 33.33 (33.33) }Comparative Statements and Common-size Statements A.31 gis the Balance Sheet of Star Ltd. as at 31st March, 2023: ‘ wo coos ++ AND LIABILITIES 1 reholders" Funds aoe capital eserves and SUrIUS rrent Liabilities term Borrowings 4, conent ais sade Payables reel ie Non-Current Assets peer Plontand Equipment and intangible ses: 4) Property, Plant and Equipment {Intangible Assets 2 coment Assets fe) Trade Receivables {t) CGashand Cash Equivalents Tet Note No. | 31st March, | 31st March, 2023) _| 20220) _ 15,00,000 | 10,00,000 | 10.90.00 10,00.000 | 8.00.000| 2.00.00 | | 5,00,000 | 3,00,000 "ou are required to prepare Comparative Balance Sheet on the basis of the information given above Balance Sheet. ess alas ‘Shareholders’ | Non-current Current Non-current | Curent Funds Labiities abilities Assets Assets ‘sckte Change ®) 5,00,000 6,00,000 | 2,00,000 | 10,00,000 | 3,00,000 Feetage Change (%) 25.00 300.00 66.67 $0.00 £000 ‘Balance Sheet of Delta Ltd. as at 31st March, 2023 is given below: - BALANCE SHEET as at 31st March, 2023 Mis Note No.| 31stMarch, | SistMarch, 2023 @) 2022 ®) | EQUTY AND LIABILITIES |. Shareholders’ Funds {8 Share Capital ©) Reserves and Surplus 2 Won-curent Liabilities 4, Latin Borrowings * Geren uabites vanesA.32 Double Entry Book Keeping—CBSE XII ASSETS 1, Non-Current Assets (@)_ Property, Plant and Equipment and intangible Assets: Property, Plant and Equipment (b) Non-Current investments 2. Current Assets (a) Trade Receivables (b) Cash and Cash Equivalents Total 5168000 | 4.39049 6,000 son 646000] 376 90 200,000 | “sony [1420.00 | 840.055 Prepare Comparative Balance Sheet showing percentage changes from 2022 to 2023. [Ans.: Particulars ‘Shareholders | Non-current | Current | Property, Plant | Non-Current | —Canenp Funds Liabilities | Liabilities | and Equipment | Investments | Asset Absolute Change %) 82,000 2,58,000 220,000 1,38,000 2,000 420,000 Percentage Change (%) 23.84 58.90 282.05 32.09 50.00 L 9859 5. From the following Balance Sheet of Mercury Ltd. as at 31st March, 2023, prepare Comparative Balance Sheet: Particulars Note No. | 31st Marck 2023 @) h, | 31st March, 2022 EQUITY AND LIABILITIES 1. Shareholders’ Funds (2). Share Capital: Equity Share Capital (b)_ Reserves and Surplus 2. Non-Current Liabilities Long-term Borrowings 3. Current Liabilities Trade Payables Total ASSETS 1. Non-Current Assets (2) Property, Plant and Equipment and Intangible Assets: (Property, Plant and Equipment (ii) Intangible Assets (b)_Non-Current Investments 2. Current Assets (a) Inventories (b) Cash and Cash Equivalents 2,00,000 10,00,000} —_5,00,000 7,00,000| —1,00,000 2,00,000 | 3,00,000 15,00,000 800,000} — 4,00,000 2,00,000| — 2,00,000 2,00,000} 2,00,000 2,50,000] —1,50,000 50,000 50,000 Total 15,00,000 | 10,00,000 [Ans.: Particulars ‘Share ‘Non-current Current Property, Plantand Current Capital Liabilities Liabilities Equipment Assets Absolute Change ) 5,00,000 (1,00,000) 100,000 4,00,000 1,00,000 Percentage Change (%) 100.00 (33.33) 100.00 100.00 50.00_soning isthe summarised Balance Sheet of King Ltd. as at 313t March, 2023: aio b ais srV AND LIABILITIES 1 paroles’ Funds ’ a} share Copital: {Equity Share Capital fi) reference Share Capital Note No. | 31st March, | 31st March, 2023) | 20228) 4,00,000 | 4,00,000 100,000 | —_1,00,000 ip) Reserves and Surplus 1,20,000 | 1,10,000 4, Non-Current Libiliti fa) Long-term Borrowings 1 450,000 4,50,000 {b) Long-term Provisions 50,000} — 1,00,000 3 Current Liabilities (a) Tade Payables (Creditors) {t) Short-term Provisions 3,30,000 50,000 Total ASSETS 1, Non-Current Assets (@) Property, Plant and Equipment and intangible Assets: Property, Plant and Equipment 9,90,000 | _10,40,000 b) Non-Current Investments 1,00,000 1,00,000 11 Current Assets (0) Trade Receivables 500,000 | 3,00,000 (t) Gashand Cash Equivalents 2 1,10,000 | _1,00,000 baal |__17,00,000 | _15,40,000_ ‘testo Accounts ‘etadars 31st March, | 31st March, 2023) | 2022) ‘long-term Borrowings fa Panktoan 3,50,000 | 450,000 Debentures 100,000 t 000 Gihand cash Equivalents EankBatance Gshin Hand 1,00,000 90,000 10,000 10,000 ®¥ate required to comment upon the changes in absolute figures from one period to another. [Ans.: Share Capital: No change; Reserves and Surplus—% 10,000 (Increase); Long-term Borrowings: Bank Loan— 1,00,000 (Decrease); 8% Debentures—X 1,00,000 (Increase); Long-term Provisions—% 50,000 (Decrease); Current Liabilities—% 2,00,000 (Increase); Property, Plant and Equipment—R 50,000 (Decrease); Current Assets—% 2,10,000 (Increase).}A.34 Double Entry Book Keeping—CBSE XI! 7. From the following Balance Sheet tof HP. Ltd. as at 31st March, 2023, prepare Comparative Balance gp eet " Note No. | 31stMarch, | 31gp Particulars 2023.) ane |. EQUITY AND LIABILITIES 1, Shareholders’ Funds (a). Share Capital: (Equity Share Capital ame 5.0.00) (ii) Preference Share Capital — 250,009 (b) Reserves and Surplus 300,000 | 4.50009 2. Non-Current Liabilities Long-term Borrowings: 12% Debentures, 9:50,000 Loan from Directors 2,50,000 3. Current Liabilities (@)_ Short-term Borrowings 350,000 | 1,75,000 (b) Trade Payables 2,00,000 | 1,00,009 50,000] 25009 (©) Short-term Provisions Total I ASSETS: 1. Non-Current Assets Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment 2. Current Assets (@) Inventories (b) Trade Receivables (©) Cashand Cash Equivalents Total 36,00,000 | 22,5000 22,50,000 | 15,00,000 4,50,000 | 2,50,000 8,00,000 | 4,50,000 1,00,000 50,000 36,00,000 | 22,50,000 [Ans.: Percentage Change: Share Capital = 100%; Reserves = (33.33%); Non-Current Liabilities = 60%; Current Liabilities: Short-term Borrowings = 100%; Trade Payables 100%; Short-term Provisions = 100%; Property, Plant and Equipment = 50%; Current Assets = 80%; Total = 60%. Comparative Statement of Profit & Loss (Income Statement) 8. Prepare Comparative Statement of Profit & Loss from the following information: Particulars 31st March, | 31st March, 2023 @) 2022) Revenue from Operations 30,00,000 20,00,000 Other Income 3,60,000| 4,00,000 Expenses 21,00,000 12,00,000 [Ans.: Particulars Revenue ‘Other income Total Expenses | Profitbefore Tax from Operations Revenue ‘Absolute Change (2) 10,00,000 (40,000) 960,000 9,00,000 60,000 Percentage Change (%) 50.00 (10.00) 40.00 75.00 500_)an ac , NoteNNo. | 31st March, | 31st March, a __| 2023) | 20220 < jenn 45,00,000 | 20,00,000. rece 10,00,000} _8,00,000 oe 500,000) 2,00,000 se (CBSE 2020, Modified) we Revenue from | Employee Benefit | Oth i eee : er Total Prot Profit 0. npenses_| Expenses _| Expenses _| before Tox | _afterTax ccange®| 250,000 2,00,000 3,00,000 | ~ 5,00,000 | 20.00,000 | —14,00.000 Seno gets) | __ 125 25 150 50 200 200 11 Following information is extracted from the Statement of Profit & Loss of Gold Coin Ltd. for the year ended 31st March, 2015: Tf ‘nits Bist March, | 31stMarch, 2015 2014 ‘erenue from Operations %60,00,000| %45,00,000 nployee Benefit Expenses %30,00,000 | %22,50,000 Depreciation %7,50,000| %6,00,000 Other Expenses %15,50,000 | % 10,00,000 ‘TaRate pais eet 30% 30% Prepare Comparative Statement of Profit & Loss. (Dethi 2016 ass os Patios Revenue from | Employee Benefit | Depreciation] Other | Prot | Tax | Prot \ Operations _| Expenses Expenses |_before Tax after Tox salute Change @). 15,00,000' "| 7,50,000 1,50,000 | 5,50,000 | $0,000 | 15,000 | 35,000 Percentage Change (96) | __ 33.33 25.00 55.00 7.69 7.69 769) 41, Prepare a Comparative Statement of Profit & Loss from the following: Patiala 31st March, | 31st March, = 2019 2020 eveue from Operations %20,00,000| %25,00,000 ste Material Consumed %10,00,000 | 13,00,000 Expenses s NIL} 1,20,000 Tate 50% 50% (CBSE Sample Paper 2020) Mos: se Revenue. | Cost of Material Other Proft bell Pf Expenses before Tax after Tax Nolag from Operations ‘Consumed _ xpen oT] feng er ‘Sao 300,000 120,000 80,000 " Change (%) 2s 30 = 1A.36 Double Entry Book Keeping—CBSE XI 12, Prepare a Comparative Income Statement of Bikul Ltd. with the help of the following information x . nt of Bikul Ltd with the hel of a 2016-17) ore 100,000 | = 1600066 5,00,000 Cost of Materials Consumed 10,00,009 Employee Benefit Expenses 80,000} 40,000 Other Indirect Expenses 60,000 80,000 Income Tax Rate 40%, (CBE 2015, (Ans: Particulars | Revenue from] CostofMateris | Employee | Other "| Total | Proft | Pott ‘Operations | Consumed | Benefit xp. | Indirect Exp. | Expenses | before Tax | afterTay Absolute Change ) 6,00,000 5,00,000 (40,000) 20,000 | 4,80,000 | 1,20,000 | 72,009 Percentage Change (%) 60.00 100.00 (50.00) 33.33 75.00 | 3333 33.33 ; 13, Prepare Comparative Statement of Profit & Loss from the following information: Particulars 31st March, | 31st March, 2023 202 Revenue from Operations %37,50,000 | €25,00000 Other Income %4,50,000 | %5,00,000 Cost of Materials Consumed. %22,50,000 | 7 12,50,000 Other Expenses %3,75,000 %2,50,000 Tax Rate 50% 50% [Ans.: Particulars Revenuefrom] Other | Total | Total Profit Tax Profit Operations | Income | Revenue | Expenses | before Tax ofterTax ‘Absolute Change) | 12,50,000 | (50000) | 1200000 | 11,2500 |~ 75,000 | 37.500 | 37500 Percentage Change (%) 50.00 (10.00) 40.00 75.00. 5.00 5.00 5.00 ] 14. Prepare a Comparative Statement of Profit & Loss from the information extracted from the Statement of Profit & Loss for the year ended 31st March, 2017 and 2018. Particulars 2017-18 @%) | 2016-178) Revenue from Operations 15,00,000 | 10,00,000 Other Income (% of Revenue from Operations) 60% 50% Employee Benefit Expenses (% of total revenue) 40% 30% Tax Rate 40% 40% (Delhi 2019) [Ans.: Particulars Revenue from | Other Income Total Employee Profit Profit Operations Revenue | BenefitExp. | beforeTox | after Tax ‘Absolute Change @) $,00,000 +4,00,000 900000 | 5,10,000 |~ 390000 | 234,000 Percentage Change (%) | __ $0.00 80.00 60.00 113.33 37.14 374fro! gro pn C ‘OmMparative Statements and Common-Size Statements A.37 the ftlowing particulars obtained from the books of Mark, prepare a Comparative Stat prepare a ara atement met SLOSS jamonerti ns Note No. | 31st March, 2023) 50,00,000 31st March, 20220) 400,000 eed stockinTade 40,00,000 | _30,00,000 in inventory 10,00,000 8,00,000 ape pense 5,00,000| 4,00,000 ese 2,50,000 | _2,00,000 (CBSE 2020, Modified) a Revee from] Other | Purchasesof | Changein | Other | Total | Profit iperations | Income | Stock-in-Trade | Inventories of | Expenses | Expenses | after Tax Stock-in-Trade sccwethge® | 10,0000 | $0,000 10,00,000 2,00,000 | 1,00,000 | 13,00,000 | (2,50,000) secetage change (%) 25 25 333 25 25 30.95 ] vg fom the following information, prepare Comparative Statement of Profit & Loss: pals 31st March, | 31st March, 2023 2022 aenve from Operations ej % 20,00,000 | % 16,00,000 GherIncome %4,40,000 | %3,00,000 (stot Materials Consumed %8,00,000 | %6,00,000 Clangesin Inventories of Finished Goods and Work in-Progress %4,0,000| & 2,00,000 ther Expenses (% of Cost of Revenue from Operations) 15% 10% TarRate 30% 30% [Ans.: Absolute and Percentage Changes: Revenue from Operations = 4,00,000; 25%, Other Income = 1,40,000; 46.67%, Cost of Materials Consur Change in Inventories of Finished Goods and Work-in-Progress Other Expenses = 1,00,000; 125%, Profit before Tax med = & 2,00,000; % 2,00,000; 100%, 40,000; 3.92%, 33.33%, Profit after Tax = % 28,000; 3.92%.) 1, Fepare Comparative Statement of Profit & Loss from the following Statement of Profit & Loss: se Note No. | 31stMarch, | 31st March, 2023(@)_| 20228) | Income _ ttvetrom Operations (Net Sales) 30,000 __3,00,000_ s 180,000 Fachases of Stockin-Trade ein Inventories of Stock-in-Trade Benefit Expenses Expenses before Tax (1-11)A.38 Double Entry Book Keeping—CBSE XII [Ans.: Particul lars Revenue | Purchases] Changein | Employees | Other | Profit | Tax ft of | Inventoriesof | Benefit | Expenses | before oak ____| Operations | Stock-n-Trade | Stock-in-Trade | Expenses Tax Go Abs a] i peomenaneee! 50,000 30,000 (5,000) 2500 | 2500 | 20,000 | 6000 as ntage Change(%) | 1667 1667 (25.00) 1667 | 50.00 | 2500 | 2500 oat 18, ‘ From the following Statement of Profit & Loss, prepare Comparative Statement of Profit & Loss: Particul lars Note No. | 31st March, | 31st Marc, 1. Income < 2B) 28 x Revenue from Operations (Net Sales) 50,00,000 U, Expenses : Purchases of Stock-in-Trade 4400000 Change in Inventories of Stock in-Trade 1 1,00,000 Employees Benefit Expenses 1,00,000 Other Expenses 2 2,00,000 Total 38,00,000 Wl, Net Profit (1-1) 12,00,000 Notes to Accounts Particulars 31st March, | 31st March, 2023(%) | 20228) 1. Change in Inventories of Stock-in-Trade Opening Inventory Less: Closing Inventory 2,00,000 | . 3,50,000 1,00,000 | _2,00,000 1,00,000 | _1,50,000 2, Other Expenses ‘Administrative Expenses Selling and Distribution Expenses 50,000 1,00,000, 1,50,000 [Ans.: Particulars Fevenueliom| Purchasesof | Changein | Employee | Other | Total Net Operations | Stckin-Tade | Inventories | Benefit Exp. | Expenses | Expenses Profit 50.000 | 5.50000 | 450000 6000 “Absolute Change 2) 10,00,000 5,50,000 (50,000) & Percentage Change (%) | __25:00 19.30 (33.33) Ee 33.33 16.92 ze Statement of Profit & Loss (Income Statement) rofit & Loss of Star Ltd, for the years ended 31st Ma | Common-: 19. From the following Statement of P 2016, prepare a Common-size statement: ch, 2015 and Note No. | 2015-16 Particulars Revenue from Operations % 25,00,000 Employee Benefit Expenses % 10,00,000 Other Expenses % 2,00,000 Tax Rate 40%Comparative Statements Revenue from ‘Operations 100 100 Employees Benefit Expenses 35 40 Other Expenses Ss and Common-Size Statements A.39. Proft Tor Profit before Tax fore To otter Tax 50 20 30 2 2080 31.20 Bist March, giant mene | 203) He Operators 0 ever fom OPES 15,00,000 nterincore otal Revenue expenses pytasesofsrockin Trade vom “cpange inventories of Stock-in-Trade on other Expenses 2,10,000 Total 10,10,000 i Profit before Tax (I~ I) tans Revenue from Operations—100%; Other Income—496; Purchases of Stock-in-rade 08 change in Inventories of Stock-in-Trade—3.339%; Other Expenses—14%; Profit before Tax—36.67%) au repare Common-size Statement of Profit & Loss from the following Statement of Profit & Loss: | Tetialas NoteNo. | Yearl@ | Yeerit® 1 Income a | Revenue from Operations (Net Sales) 14,00,000 | _16,00,000 I. Expenses Purchases of Stock-in-Trade 900,000 | 10,00,000 ~ Change in Inventories of Stock:in- 1,00,000 | 1,80,000 Finance Costs ¥ 80,000 Other Expenses 90,000 Total ABAX i 100 4% Profit before Tax (I=IN) : N ta rf Profit after Tax (lll -1V) ns. lc ; i Profit Profit ‘as Ppurchasesof | Changein | Finance Other | pefore Tax | after Tax Costs | Expenses a Teor Inventories |_COss | as a off 7 57 Yer, Revenue from Operations) a aa 1313 nse of Revenue from Operations)A.40 Double Entry Book Keeping—CRSE XII 22. Prepate a Common-size Statement of Profit & Loss of Hari Darshan Lt from the following information Particulars Note No. | 2018-192) | 2017-189" Revenue from Operations — - oro 10,00,009 Purchase of Stock-in-Trade ee 420,009 Changes in Inventories 1,20,000 80,009 Other Expenses 52,000] 39099 Other Incomes 60,000 50,000 Tax Rate 50% (Delhi 2019 [Ans.: 2018-19: Other Income = 3%; Total Revenue = 103%; Purchase of Stock-in-Trade Change in Inventories = 6%; Other expenses = 2.6%; Total expense: ; Profit before Tax = 55.9%; Profit after Tax = 27.95% 2017-18: Other Income = 5%; Total Revenue = 105%; Purchase of Stock-in-Trade 5 ‘Change in Inventories = 8%; Other Expenses = 3%; Total Expenses = 533, Profit before Tax = 52%; Profit after Tax = 26%) Common-size Balance Sheet 23. From the following information, prepare a Common-size Balance Sheet: Particulars BistMarch, | 3istMarch, 2023(%)_| 2028) Shareholders Funds 540,000 | 3,60,000 Non-current Liabilities. 1,80,000 1,80,000 Current Liabilities 1,80,000 60,000 Non-current Assets 6,30,000 4,20,000 Current Assets 2,70,000 1,80,000 [Ans.: Year ended ‘Shareholders’ | Non-current Curent ‘Non-current Current Funds Liabilities Liabilities Assets Assets ‘31st March, 2022 (%) 60 30 10 70 30 31st March, 2023 (%) 60 20 (20 70 30 1 24. Prepare Common-size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheets of Sun Ltd. and Star Ltd. as at 31st March, 2023 are: Particulars Note No, | Sunttd. @) | Startid.®) 1. EQUITY AND LIABILITIES 1. Shareholders’ Funds (a) Share Capital 9,00,000 12,00,000 (b) Reserves and Surplus 4,00,000 3,50,000 2. Current Lial ies . Trade Payables (Creditors) 200,000. 2,50,000 Total 15,00,000 18,00,000 I ASSETS 1. Non-Current Assets Property Plant and Equipment and Intangible Assets: Property, Plant and Equipment 10,00.000 — 16,00,000 2. Current Assets Trade Receivables (Debtors) 5,00,000 | _2,00,000 Total 15,00,000Comparative Statements and Common-Size Statements A.41 share Capital __ | Reservesand Surplus | Current Liabilities | Non-currentAssets | Current Assets 60,00 26.67 1333 66.67 3333 66.67 19.44 13.89 88.89 my are following information, prepare a Common-size Balance Sheet: A pont BALANCE SHEET as at 31st March, 2023 Note No. | 31st March, | 31st March, Ge 2023(%)_| 2022) ‘AND ABILITIES shareholders’ Funds E . eae 32,00,.000 | 18,00,000 Reserves and Surplus 8,00,000 | —_6,00,000 4. nomcurentLibilities 31 nono em Borrowings 16,00,00 004 ake | short-term Borrowings 8,00,000 | _12,00,000 | eal 64,00,000| _48,00,000 | SETS 4, Non-Current Assets (a) Property Plant and Equipment and Intangible Assets: Property, Plant and Equipment 1800000} —16,00,000 {t) Non-current Investments 8,00,000] —_6,00,000 2 Cument Assets (2) Inventories 10,00,000| 8,00,000 (0) Trade Receivables 1600000 | —12,00,000 (@ Cashand Cash Equivalents 12,00,000} 6,00,000 Total 64,00,000 | 48,00,000 | tAns. Year ended 31st March, 2022: Share Capital = 37.5%; Reserves and Surplus = 12.5%; Non-current Uabilities = 2596; Current Liabilities = 25%; Fixed Assets Inventories = 16.67%; Trade Receivable: Year ended 31st March, 2023: Share Capital = Uabilities = 25%; Current Liabilities 2.5%; Fixed Asset: 33.33%; Non-current Investments 25%; Cash and Cash Equivalents 12.5% 2.5%. 50%; Reserves and Surplus = 12.5%; Non-current 28.13%; Non-current Investments 12.5% Inventories = 15.62%; Trade Receivables = 25%; Cash and Cash Equivalents = 18.75%.)