Question 1

Question 01 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 01 Chapter 2 of +2-B
Comparative Balance Sheet
1.From the following Balance Sheets prepare Comparative Balance Sheet of AB Ltd.:

Particular
Note no.
31st March 2016
31st March 2015

I. Equity and Liabilities

1. Shareholders’ Funds

Share Capital
 
1,60,000
1,25,000

2. Current Liabilities
 
40,000
25,000

Total
 
2,00,000
1,50,000

II. Assets

1.Non-Current Assets

Fixed Assets
 
1,50,000
1,20,000

2. Current Assets 
 
50,000
30,000

Total
 
2,00,

Question 2

Question 02 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 02 Chapter 2 of +2-B
Comparative Balance Sheet
2. From the following Balance Sheets of Usha Chemicals Ltd., as on 31st March 2015 and 2016 prepare a comparative Balance Sheet.

Particular
Note no.
31st March 2016
31st March 2015

I. Equity and Liabilities

1. Shareholders’ Funds

Share Capital issued and Paid-up
 
10,00,000
5,00,000

Reserves and Surplus

Reserves
 
2,00,000
3,00,000

Non-Current Liabilities

Long term borrowings:

12% Loan
 
8,

Question 3

Question 03 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 03 Chapter 2 of +2-B
Comparative Balance Sheet
3. From the following information, prepare a comparative Balance Sheet of Depth Ltd. :

Particular
31stMarch, 2016
31st March, 2015

Equity Share Capital
25,00,000
25,00,000

Fixed Assets
30,00,000
36,00,000

Reserves & Surplus
5,00,000
6,00,000

Investments
5,00,000
5,00,000

Long-term Loans
15,00,000
15,00,000

Current Assets
15,00,000
10,50,000

Current  Liabilities
5,00,000
5,50,000

The solution of Question 03 Chapter 2

Question 4

Question 04 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 04 Chapter 2 of +2-B
Comparative Balance Sheet
4. Following are the Balance Sheet of Raj Ltd., as on 31st March 2015 and 2016.

Particular
Note no.
31st March 2016
31st March 2015

I. Equity and Liabilities

1. Shareholders’ Funds

Share Capital
 
10,00,000
5,00,000

Reserves and Surplus
 
2,00,000
2,00,000

2. Current Liabilities

Short term Borrowings
 
50,000
1,00,000

Total
 
12,50,000
8,00,000

II. Assets

1.Non-Current Assets

Fixed Asse

Question 5

Question 05 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 05 Chapter 2 of +2-B
Comparative Balance Sheet
5. Following are the Balance Sheet of Creation Wool Ltd., as on 31st March 2015 and 2016.

Particular
Note no.
31stMarch, 2016
31st March, 2015

I. Equity and Liabilities

1.Shareholders’ Funds

Share Capital
1
8,00,000
6,00,000

Reserves and Surplus
2
3,50,000
2,00,000

2.Non Current Liabilities

10% Debentures
 
10,00,000
8,00,000

3.Current Liabilities

Trade Payables
 
2,00,000
1,00,000

Total
 
23,5

Question 6

Question 06 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 06 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
6.From the following information, prepare a comparative Statement of Profit and Loss of Vimar Ltd.

Particular
31stMarch, 2016
31st March, 2015

Revenue from Operations
24,00,000
20,00,000

Cost of revenue from operation
10,00,000
18,00,000

Indirect Expenses
80,000
50,000

Tax Rate
40%
40%

The solution of Question 06 Chapter 2 of +2-B: - 
Comparative Balance Sheet of Sun Ltd.

Particulars
Note no.
31st March,20

Question 7

Question 07 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 07 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
7. On the basis of the following information extracted from the statement of Profit and loss for the year ended 31st March,2015 and 2016, prepare a comparative Statement of Profit and Loss.

Particular
31stMarch, 2016
31st March, 2015

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

Cost of revenue from operation
21,00,000
12,00,000

Indirect Expenses
3,60,000
4,00,000

Tax Rate
50%
50%

The solution of Question 07

Question 8

Question 08 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 08 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
8. Prepare a comparative Statement of Profit and Loss of Western Medicare Limited, from the following information. The company is having its own managed more than one dozen dispensaries in rural area where people from down-trodden society are being treated free of cost.

Particular
31stMarch, 2016
31st March, 2015

Revenue from Operations
24,00,000
20,00,000

Cost of Material Consumed
6,00,000
4,00,000

Changes in inv

Question 9

Question 09 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 09 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
9. From the following information prepare the Comparative Statement of profit and loss of A Ltd.

Particular
31st March 2016
31st March 2015

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

Cost of Material Consumed
75% of Revenue
65% of Revenue

from Operations
 from Operations

Employees benefit Expenses
2,00,000
1,00,000

Tax Rate
40%
40%

The solution of Question 09 Chapter 2 of +2-B: - 
 
Comparative Balance

Question 10

Question 10 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 10 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
10. From the following information prepare a comparative Statement of Profit and Loss for the year ended 31st March 2016 and 2015

Particular
31st March 2016
31st March 2015

Revenue from Operations
8,50,000
7,00,000

Material Consumed
4,20,000
3,30,000

Manufacturing and Office Expenses 
2,60,000
2,40,000

Other Incomes
30,000
30,000

Other InformationIncome tax is calculated @50%Manufacturing expenses are 50% of

Question 11

Question 11 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 11 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
11.From the following Statement of Profit and Loss prepare a comparative Statement of Profit and Loss.

Particular
31st March 2016
31st March 2015

I.Income
30,00,000
25,00,000

Revenue from Operations

Other Incomes
6,00,000
5,00,000

Total
36,00,000
30,00,000

II.Expenses

Purchase of stock in trade
15,00,000
12,00,000

Change in inventories of stock in trade
4,00,000
4,00,000

Employees benefit expense

Question 12

Question 12 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 12 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
12. Prepare a comparative Statement of Profit and Loss from the following :

Particular
31st March 2016
31st March 2015

Revenue from Operations
160% of the cost of Revenue from Operation 
140% of the cost of Revenue from Operation

Purchases
450000
250000

Cost of Revenue from Operation
500000
300000

Administrative Expenses
8% of ₹ 5,00,000
10% of ₹ 3,00,000

Income Tax
0.5
0.4

The solution of Question 12 Ch

Question 13

Question 13 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 13 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
13. From the following Statement of Profit and Loss Prepare a comparative Statement of Profit and Loss :

Particular
31st March, 2016
31st March, 2015

I.Income

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

Other Income
1,50,000
1,00,000

Total
26,50,000
21,00,000

I.Expenses

Purchase of Stock in trade
15,00,000
12,00,000

Employees Benefit Expenses
2,00,000
2,00,000

Depreciation
50,000
50,000

Other E

Question 14

Question 14 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 14 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
14. From the following information prepare a comparative Statement of Profit and Loss :

Particular
31st March 2016
31st March 2015

Revenue from Operations
3,00,000
2,00,000

Other Income
60,000
50,000

Cost of Revenue from Operation
1,54,000
1,00,000

Employee benefit expenses
40,000
25,000

Other Expenses
15,000
20,000

Tax Rate
30%
30%

The solution of Question 14 Chapter 2 of +2-B: - 
 
comparative Stateme

Question 15

Question 15 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 15 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
15. From the following information prepare a comparative Statement of Profit and Loss :

Particular
31st March 2016
31st March 2015

Revenue from Operations
2,00,000
2,00,000

Cost of Revenue from Operation
70% of Revenue from Operations
60% of Revenue from Operations

Other Expenses
12,000
10,000

Tax Rate
50%
50%

The solution of Question 15 Chapter 2 of +2-B: - 
 
comparative Statement of Profit and Loss

Pa

Question 16

Question 16 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 16 Chapter 2 of +2-B
Comparative Statement of Profit & Loss
16. From the following information prepare a comparative Statement of Profit and Loss :

Particular
31st March 2016
31st March 2015

Revenue from Operation (% of Other Income)
200%
200%

Other Income
1,50,000
2,00,000

Cost of Material Consumed (% of operating Revenue)
60%
50%

Expenses (% of Material Cost)
20%
20%

Tax Rate
30%
30%

The solution of Question 16 Chapter 2 of +2-B: - 
 
Comparative Statement of Pr

Question 17

Question 19 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 19 Chapter 2 of +2-B
Common Size Balance Sheet
19. Karnal based Iron Foundry has supplied you the following Balance Sheets. You are required to Prepare a common size balance sheet of HK Computer Limited.

Particular
31st March, 2016 ₹
31st March, 2015 ₹

I. Equity and Liabilities

Shareholders’ Funds

Share Capital
22,00,000
14,00,000

Reserve and Surplus
7,00,000
2,00,000

Non-Current Liabilities

Long –term Borrowings
5,00,000
6,00,000

Long term Provisions
2,50,

Question 18

Question 20 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 20 Chapter 2 of +2-B
Common Size Balance Sheet
20. Prepare a common size statement of Profit and Loss.

Particular
31st March 2016 ₹
31st March 2015 ₹

I. Income

Revenue from Operation
7,00,000
5,00,000

Other Income
50,000
30,000

Total Revenue
7,50,000
5,30,000

II. Expenses

Purchases of Goods
4,00,000
3,50,000

Employees Benefit Expenses
1,20,000
80,000

Other Expenses
40,000
10,000

Total Expenses
5,60,000
4,40,000

III. Net Profit Before Tax (I-II)
1,90,000

Question 19

Question 21 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 21 Chapter 2 of +2-B
21. Prepare a common size statement of Profit and Loss of Suwidha company.

Particular
31st March 2016 ₹
31st March 2015 ₹

Revenue from Operation
8,00,000
8,40,000

Other Income
6,000
5,040

Depreciation
48,000
53,760

Finance Cost
32,000
30,240

Income Tax
40%
40%

The solution of Question 21 Chapter 2 of +2-B: - 
common size statement of Profit and Loss of Suwidha company

Particulars
Note no.
31st March,2015(A)(3)
31st March,2016(B)(4)

Percentage Ch

Question 20

Question 23 Chapter 2 of +2-B  - USHA Publication  12 Class

Sarbjit Singh · Accepted Answer

Question 23 Chapter 2 of +2-B
Trend Percentage
23. Calculate the trend percentage from the following figures :

Particular
2012(Rs)
2013(Rs)
2014(Rs)
2015(Rs)

Revenue from Operation
5,000
5,200
5,600
6,000

Stock
1,000
1,100
1,250
1,400

Gross Profit
500
650
775
850

The solution of Question 23 Chapter 2 of +2-B: - 
 
common size statement of Profit and Loss

Particulars
Absolute Figures
Percentage of Figures

2012
2013
2014
2015
2012
2013
2014
2015

Revenue from Operation
5,000
5

USHA Publication Class 12 Part 2 2023 Solutions Chapter No. 2 – Tools of Financial Statement Analysis-Comparative Statements and Common Size Statements, USHA Publication Part 2 2023

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Topics & Questions Solved:

Question 01 Chapter 2 of +2-B - USHA Publication 12 Class

The solution of Question 01 Chapter 2 of +2-B: -

Usha Publication - Accountancy PSEB (Class 12) - Volume I - Solution

Usha Publication - Accountancy PSEB (Class 12) - Volume II - Solution

Question 02 Chapter 2 of +2-B - USHA Publication 12 Class

Question 03 Chapter 2 of +2-B - USHA Publication 12 Class

Question 04 Chapter 2 of +2-B - USHA Publication 12 Class

Question 05 Chapter 2 of +2-B - USHA Publication 12 Class

Question 06 Chapter 2 of +2-B - USHA Publication 12 Class

Question 07 Chapter 2 of +2-B - USHA Publication 12 Class

Question 08 Chapter 2 of +2-B - USHA Publication 12 Class

Question 09 Chapter 2 of +2-B - USHA Publication 12 Class

Question 10 Chapter 2 of +2-B - USHA Publication 12 Class

Question 11 Chapter 2 of +2-B - USHA Publication 12 Class

Question 12 Chapter 2 of +2-B - USHA Publication 12 Class

Question 13 Chapter 2 of +2-B - USHA Publication 12 Class

Question 14 Chapter 2 of +2-B - USHA Publication 12 Class

Question 15 Chapter 2 of +2-B - USHA Publication 12 Class

Question 16 Chapter 2 of +2-B - USHA Publication 12 Class

Question 19 Chapter 2 of +2-B - USHA Publication 12 Class

Question 20 Chapter 2 of +2-B - USHA Publication 12 Class

Question 21 Chapter 2 of +2-B - USHA Publication 12 Class

Question 23 Chapter 2 of +2-B - USHA Publication 12 Class

Question 24 Chapter 2 of +2-B - USHA Publication 12 Class

Question 25 Chapter 2 of +2-B - USHA Publication 12 Class

Question 26 Chapter 2 of +2-B - USHA Publication 12 Class

Question 27 Chapter 2 of +2-B - USHA Publication 12 Class

Question 28 Chapter 2 of +2-B - USHA Publication 12 Class

Sarbjit SinghB.Com and M.Com

Particular	Note no.	31st March 2016	31st March 2015
I. Equity and Liabilities
1. Shareholders’ Funds
Share Capital		1,60,000	1,25,000
2. Current Liabilities		40,000	25,000
Total		2,00,000	1,50,000
II. Assets
1.Non-Current Assets
Fixed Assets		1,50,000	1,20,000
2. Current Assets		50,000	30,000
Total		2,00,000	1,50,000