4 Marks Question - Accountancy STD 12 Commerce Questions - Vidyadip

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Question 14 Marks

From the following particulars obtained from the books of Mark Ltd., prepare a Comparative Statement of Profit and Loss:

Particulars	Note No.	2017-18 (₹)	2016-17 (₹)
Revenue from operations		50,00,000	40,00,000
Purchase of stock-in trade		40,00,000	30,00,000
Changes in inventory		10,00,000	8,00,000
Other expenses		5,00,000	4,00,000
Other incomes		2,50,000	2,00,000

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Question 24 Marks

Following information is related to Harsh Ltd.

	( ₹ in Lakhs)
Particulars	31.3.2023 ₹	31.3.2022 ₹
Equity Share Capital	16.00	16.00
Preference Share Capital	2.00	2.00
Reserves and Surplus	5.40	4.00
Non-Current Liabilities	14.40	14.00
Current Liabilities	7.20	4.00
Non-Current Assets
Property, Plant and Equipment and Intangible Assets	30.60	28.00
Current Assets	14.40	12.00

You are required to prepare a Common Size Balance Sheet.

Answer

Working Notes:
i.

Share Capital:	2022	2023
Equity Share Capital	16.00	16.00
Preference Share Capital	2.00	2.00
	18.00	18.00

ii. All percentages will be calculated on the basis of total of Balance Sheet.
Hence, in 2022 percentages will be based on ₹ 40 Lakhs.
in 2023 percentages will be based on ₹ 45 Lakhs.
Thus,
i. $\frac{18}{40} \times 100=45 \%$
ii. $\frac{4}{40} \times 100=10 \%$
iii. $\frac{14}{40} \times 100=35 \%$
iv. $\frac{18}{45} \times 100=40 \%$
v. $\frac{5.40}{45} \times 100=12 \%$
vi. $\frac{14.40}{45} \times 100=32 \%$ and so on.

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4 Marks Question - Accountancy STD 12 Commerce Questions - Vidyadip