Question 1

Question 1 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 1 Chapter 3 of +2-B
Comparative Balance Sheet
1. From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.:

Particular
Note no.
31st March 2019
31st March 2018

I. Equity and Liabilities

1. Shareholders’ Funds

Share Capital
 
3,50,000
3,50,000

3. Non-Current Liabilities

Long-term borrowings
 
1,00,000
2,00,000

4. Current Liabilities

Trade Payables
 
1,50,000
1,00,000

Total
 
6,00,000
6,00,000

II. Assets

1.Non-Cu

Question 2

Question 2 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 2 Chapter 3 of +2-B
Comparative Balance Sheet
2.From the following Balance Sheet of Radha Ltd. As of 31st March 2019:

Particulars
Note no.
31st March,
31st March,

2019
2018

I. Equity and Liabilities

1. Shareholders’ Funds

(a) Share Capital
 
15,00,000
10,00,000

(b) Reserves and Surplus
 
10,00,000
10,00,000

2. Non-Current Liabilities

Long-term borrowings
 
8,00,000
2,00,000

3. Current Liabilities

Trade Payables
 
5,00,000
3,00,000

Tot

Question 3

Question 3 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 3 Chapter 3 of +2-B
Comparative Balance Sheet
3. Balance Sheet of Blue Bell Ltd. As at 31st March 2019 is given below:

Particulars
Note no.
31st March,
31st March,

2019
2018

I. Equity and Liabilities

1. Shareholders’ Funds

(a) Share Capital
 
3,26,000
2,44,000

(b) Reserves and Surplus
 
1,00,000
1,00,000

2. Non-Current Liabilities

Long-term borrowings
 
6,96,000
4,38,000

3. Current Liabilities

Trade Payables
 
2,98,000
78,000

Total

Question 4

Question 4 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 4 Chapter 3 of +2-B
Comparative Balance Sheet
4. Following is the Summarised Balance Sheet of Wye Ltd. As at 31st March 2019:

Particulars
Note no.
31st March,
31st March,

2019
2018

I. Equity and Liabilities

1. Shareholders’ Funds

(a) Share Capital

(i) Equity Share Capital
 
4,00,000
4,00,000

(ii) Preference Share Capital
 
1,00,000
1,00,000

(b) Reserves and Surplus
 
1,20,000
1,10,000

2. Non-Current Liabilities

(a)Long-term borrowings
1

Question 5

Question 5 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 5 Chapter 3 of +2-B
Comparative Balance Sheet
5. From the following Balance Sheet of Royal Industry Ltd. As at 31st March 2019, prepare Comparative Balance Sheet:

Particulars
Note no.
31st March,
31st March,

2019
2018

I. Equity and Liabilities

1. Shareholders’ Funds

(a) Share Capital

Equity Share Capital
 
10,00,000
5,00,000

(b) Reserves and Surplus
 
1,00,000
1,00,000

2. Non-Current Liabilities

(a)Long-term borrowings
 
2,00,000
3,00,000

Question 6

Question 6 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 6 Chapter 3 of +2-B
Comparative Balance Sheet
6.From the following Balance Sheet of Depth Ltd. As at 31st March,2019, prepare Comparative Balance Sheet:

Particulars
Note no.
31st March,
31st March,

2019
2018

I. Equity and Liabilities

1. Shareholders’ Funds

(a) Share Capital
 
2,80,000
1,80,000

(b) Reserves and Surplus
 
1,00,000
1,00,000

2. Non-Current Liabilities

(a)Long-term borrowings
 
80,000
20,000

3. Current Liabilities

(a)Trade P

Question 7

Question 7 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 7 Chapter 3 of +2-B
Comparative Balance Sheet
7.From the following Balance Sheet of H.P. Ltd. As at 31st March 2019, prepare Comparative Balance Sheet:

Particulars
Note no.
31st March,
31st March,

2019
2018

I. Equity and Liabilities

1. Shareholders’ Funds

(a) Share Capital

(i)Equity Share Capital 
 
12,50,000
5,00,000

(ii) Preference Share Capital
 
2,50,000
2,50,000

(b) Reserves and Surplus
 
3,00,000
4,50,000

2. Non-Current Liabilities

Question 8

Question 8 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 8 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
8. Following information is extracted from the Statement of Profit and Loss of Gold Coins Ltd. For the year ended 31st March, 2015:

Particulars
31st  March, 
31st  March,

2015
2014

Revenue from Operations
60,00,000
45,00,000

Employee Benefit Expenses
30,00,000
22,50,000

Depreciation
7,50,000
6,00,000

Other Expenses
15,50,000
10,00,000

Tax Rate
30%
30%

The solution of Question 8 Chapter 3

Question 9

Question 9 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 9 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
9. Prepare Comparative Statement of Profit and Loss from the Following Statement of Profit and Loss:

Particulars
Note No.
31st March, 
31st March,

2019
2018

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

Employee Benefit Expenses
 
17,000
1

Question 10

Question 10 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 10 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
10. Prepare Comparative Statement of Profit and Loss from the Following Statement of Profit and Loss:

Particulars
Note No.
31st March 2019
31st March 2018

I. Income

Revenue from Operations(Net Sales)
 
3,00,000
2,50,000

II. Expenses

Purchases of Stock-in-Trade
 
1,20,000
1,00,000

Change in Inventories of WIP and Finished Goods
 
-2,000
5,000

Employee Benefit Expenses (Wages)
 
30

Question 11

Question 11 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 11 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
11. From the following information, prepare Comparative Statement of Profit and Los:

Particulars
31st March 2019
31st March 2018

Revenue from Operations
30,00,000
20,00,000

Other Income (% of Revenue from Operations)
12%
20%

Expenses (% of Operating Revenue)
70%
60%

Tax Rate
40%
40%

The solution of Question 11 Chapter 3 of +2-B: - 
Comparative Balance Sheet of Sun Ltd.

Particulars
(1)

No

Question 12

Question 12 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 12 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
12. From the following information, prepare Comparative Statement of Profit and Loss showing an increase, decrease and percentage:

Particulars
31st March 2019
31st March 2018

Cost of Materials Consumed 
13,44,000
6,00,000

Revenue from Operations (% of Materials Consumed)
125%
200%

Other Expenses (% of Operating Revenue)
10%
10%

Tax Rate
50%
50%

The solution of Question 12 Chapter 3 of +2-B: -

Question 13

Question 13 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 13 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
13. From the following Statement of Profit and Loss, prepare comparativeStatement of Profit and Loss:

Particulars
Note No.
31st March, 
31st March,

2019
2018

I. Income

Revenue from Operations(Net Sales)
 
50,00,000
40,00,000

II. Expenses

Purchases of Stock-in-Trade
 
34,00,000
28,50,000

Change in Inventories of Stock-in-Trade
1
1,00,000
1,50,000

Employee Benefit Expenses

Question 14

Question 14 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 14 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
14. From the following Statement of Profit and Loss, prepare comparativeStatement of Profit and Loss:

Particulars
31st March, 
31st March,

2019
2018

Revenue from Operations
37,50,000
25,00,000

Other Income
4,50,000
5,00,000

Cost of Materials Consumed
22,50,000
12,50,000

Other Expenses
3,75,000
2,50,000

Tax Rate
50%
50%

The solution of Question 14 Chapter 3 of +2-B: - 
Comparative Bala

Question 15

Question 15 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 15 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
15. From the following Statement of Profit and Loss of Antriksh Ltd. For the year ended 31st March 2012 and 2013, prepare a comparative Statement of Profit and Loss

Particulars
31st March, 
31st March,

2013
2012

Revenue from Operations
14,00,000
8,00,000

Other Income
6,00,000
4,00,000

Expenses
17,00,000
11,00,000

Rate of Income Tax
40%
40%

The solution of Question 15 Chapter 3 of +2-B: -

Question 16

Question 16 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 16 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
16. From the following Statement of Profit and Loss, prepare comparativeStatement of Profit and Loss:

Particulars
Note No.
31st March, 
31st March,

2019
2018

I. Income

Revenue from Operations(Net Sales)
 
20,00,000
17,50,000

Other Income
 
75,000
50,000

Total
 
20,75,000
18,00,000

II. Expenses

Purchases of Stock-in-Trade
 
11,60,000
28,50,000

Change in Inventories of Stoc

Question 17

Question 17 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 17 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
17. From the following Statement of Profit and Loss of Star Ltd., for the years ended 31st March 2015 and 2016, prepare a common-size Statement:

Particulars
Note No.
2015-16
2014-15

Revenue from Operations
 
25,00,000
20,00,000

Employee Benefit Expenses 
 
10,00,000
7,00,000

Other Expenses
 
2,00,000
3,00,000

Tax Rate
 
40%
40%

The solution of Question 17 Chapter 3 of +2-B: - 
Comparative Bal

Question 18

Question 18 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 18 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
18. Prepare Common-size Statement of Profit and Loss from The followingStatement of Profit and loss:

Particulars
Note No.
31st March,

2018

I. Income

Revenue from Operations(Net Sales)
 
15,00,000

Other Income
 
60,000

Total Revenue
 
15,60,000

II. Expenses

Purchases of Stock-in-Trade
 
7,50,000

Change in Inventories of Stock-in-Trade
 
50,000

Other Expenses
 
2,10,000

To

Question 19

Question 19 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 19 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
19. Prepare Common-size Statement of Profit and Loss from the Following Statement of Profit and Loss:

Particulars
Note No.
 year I (Rs.)
Year II (Rs.)

I. Income

Revenue from Operations(Net Sales)
 
14,00,000
16,00,000

II. Expenses

Purchases of Stock-in-Trade
 
9,00,000
10,00,000

Change in Inventories of Stock-in-Trade
 
1,00,000
1,80,000

Finance Costs 
 
80,000
80,000

Other Exp

Question 20

Question 20 Chapter 3 of +2-B  - T.S. Grewal 12 Class

Sarbjit Singh · Accepted Answer

Question 20 Chapter 3 of +2-B
Common-size Balance Sheet
20. 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 2019 are:

Particulars
31st March,
31st March,

2019
2018

I. 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

3. Current Liabilities

(a) Short-term Borrowings
2,00,000
2,50

T.S. Grewal 12 Class Book Keeping Part - B - T.S. Grewal - XII Solutions Chapter No. 3 Tools of Financial statement Analysis-Comparative statement and common -size statements

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Topics & Questions Solved:

Table of Contents

Question 1 Chapter 3 of +2-B - T.S. Grewal 12 Class

The solution of Question 1 Chapter 3 of +2-B: -

Question 2 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 3 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 4 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 5 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 6 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 7 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 8 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 9 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 10 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 11 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 12 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 13 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 14 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 15 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 16 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 17 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 18 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 19 Chapter 3 of +2-B - T.S. Grewal 12 Class

Question 20 Chapter 3 of +2-B - T.S. Grewal 12 Class

Sarbjit SinghB.Com and M.Com

Particular	Note no.	31st March 2019	31st March 2018
I. Equity and Liabilities
1. Shareholders’ Funds
Share Capital		3,50,000	3,50,000
3. Non-Current Liabilities
Long-term borrowings		1,00,000	2,00,000
4. Current Liabilities
Trade Payables		1,50,000	1,00,000
Total		6,00,000	6,00,000
II. Assets
1.Non-Current Assets
Fixed Assets (Tangible Assets)		4,00,000	3,00,000
2. Current Assets
Trade receivable		2,00,000	3,00,000
Total		6,00,000	6,00,000