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प्रश्न
Following is the Balance Sheet of Mahi Traders for the year ended 31-3-2018 and 31-3-2019:
| Liabilities | 31-03-2018 (₹) | 31-03-2019 (₹) | Assets | 31-03-2018 (₹) | 31-03-2019 (₹) |
| Equity Share Capital | 1,60,000 | 1,60,000 | Fixed Assets | 2,40,000 | 2,88,000 |
| Pref. Shares Capital | 40,000 | 40,000 | Investment | 40,000 | 40,000 |
| Reserve and Surplus | 40,000 | 48,000 | Current Assets | 1,20,000 | 96,000 |
| Secured Loan | 80,000 | 32,000 | |||
| Unsecured Loan | 40,000 | 72,000 | |||
| Current Liabilities | 40,000 | 72,000 | |||
| 4,00,000 | 4,24,000 | 4,00,000 | 4,24,000 |
Prepare Common Size Balance Sheet for the year 31-03-2018 and 31-03-2019
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उत्तर
Common Size Statement of Balance Sheet of Mahi Traders as on 31st March, 2018 and 31st March, 2019
| Particulars | Amount (₹) | % to total of Balance Sheet | ||
| 31-03-2018 (₹) | 31-03-2019 (₹) | 31-03-2018 (₹) | 31-03-2019 (₹) | |
| I. Sources of Funds: | ||||
| (1) Owner's Equity: | ||||
| Equity Share Capital | 1,60,000 | 1,60,000 | 44.45 | 45.45 |
| Preference Shares Capital | 40,000 | 40,000 | 11.11 | 11.36 |
| Reserve and Surplus | 40,000 | 48,000 | 11.11 | 13.64 |
| Net Worth | 2,40,000 | 2,48,000 | 66.67 | 70.45 |
| (2) Borrowed Funds: | ||||
| Secured Loans | 80,000 | 32,000 | 22.22 | 9.09 |
| Unsecured Loans | 40,000 | 72,000 | 11,11 | 20.46 |
| 1,20,000 | 1,04,000 | 33.33 | 29.55 | |
| Total Borrowed Funds | 3,60,000 | 3,52,000 | 100 | 100 |
| II. Application of Funds: | ||||
| (1) Fixed Assets | 2,40,000 | 2,88,000 | 66.67 | 81.82 |
| (2) Investments | 40,000 | 40,000 | 11.11 | 11.36 |
| 2,80,000 | 3,28,000 | 77.78 | 93.18 | |
| (3) Working Capital: | ||||
| (A) Current Assets | 1,20,000 | 96,000 | 33.33 | 27.27 |
| Less: (B) Current Liabilities | 40,000 | 72,000 | 11.11 | 20.45 |
| 80,000 | 24,000 | 22.22 | 6.82 | |
| Total Funds Applied | 3,60,000 | 3,52,000 | 100 | 100 |
Note: Taking Total borrowed funds and Total funds applied as base (100), calculation is done.
For example, % to total of Balance Sheet
`= "Value of equity share capital"/"Total borrowed funds" xx 100`
`= (1,60,000)/(3,60,000) xx 100`
≅ 44.45 %
Similarly other calculations can be done.
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संबंधित प्रश्न
Give one word/term/phrase for the following statement.
An asset which can be converted into cash immediately.
Capital balance is ascertained by preparing....................................
- Statement of affairs
- Cash account
- Drawing account
- Debtor’s account
State the objectives of financial statements from the view point of a business concern.
What do you mean by Analysis of Financial Statement?
State any one limitation of Analysis of Financial Statement.
JW Ltd. was a company manufacturing geysers. As a part of its long-term goal for an expansion, the company decided to identify the opportunity in rural areas. The initial plan was rolled out for Bhiwani village in Haryana. Since the village did not have a regular supply of electricity, the company decided to manufacture solar geysers. The core team consisting of the Regional Manager, Accountant and the Marketing Manager was taken from the Head Office and the remaining employees were selected from the village and neighbourhood areas. At the time of preparation of financial statements, the accountant of the company fell sick and the company debuted a junior accountant temporarily from the village for two months. The Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-heads mentioned which were not as per Schedule III of the Companies Act, 2013.
| Items | Major Head/Sub-Head |
| Loose Tools | Trade Receivables |
| Cheques in Hand | Current Investments |
| Term Loan from Bank | Other Long-term Liabilities |
| Computer Software | Tangible Fixed Assets |
Identify any two values that the company wants to communicate to the society. Also, present the above items under the correct major heads and sub-heads as per Schedule III of the Companies Act, 2013.
State the significance of Analysis of Financial Statements to the ‘Lenders’.
State true or false with reason.
Gross Profit depends upon Net Sales.
State and explain any 'four objectives' of analysis of financial statement from a business concern's point of view.
State whether following statement are true or false :
Financial statements include only balance sheet.
Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.
Answer the following in brief :
What do you mean by analysis of financial statements?
Answer the following in brief :
State any three limitations of Analysis of financial statement.
Give one word/term/phrase for the following statement.
The statement showing financial position for different periods of previous year and current year.
Give one word/term/phrase for the following statement.
Statement showing changes in cash and cash equivalent during a particular period.
State true or false with reason.
Financial Statement includes only Balance Sheet.
Answer in one sentence only.
Give any three examples of current assets?
Answer in one sentence only.
State the formula of Cost of goods sold?
Which of the following statements is not true?
Balance sheet provides information about the financial position of a business concern
Convert following Trading Account and Profit and Loss Account into Vertical Income Statement:
| Dr. | Trading, Profit and Loss Account for the year ended as on 31st March,2020 |
Cr. | |
| Particulars | Amount ₹ | Particulars | Amount ₹ |
| To Opening stock | 20,000 | By Sales | 1,20,000 |
| To Purchases | 90,000 | By Closing Stock | 30,000 |
| To Carriage inward | 500 | ||
| To Wages | 10,000 | ||
| To Gross Profit c/d | 29,500 | ||
| Total | 1,50,000 | Total | 1,50,000 |
| To Office expenses | 12,500 | By Gross Profit b/d | 29,500 |
| To Selling expenses | 10,000 | ||
| To Finance expenses | 3,000 | ||
| To Net Profit c/d | 4,000 | ||
| 29,500 | 29,500 | ||
Which of the following are not tools of Financial Analysis?
- Cash Flow Statement
- Income Statement
- Balance Sheet
- Ratio Analysis
It is technique which involves regrouping of data by application of arithmetical relationships. Identify the technique and state any two advantages of the technique identified.
Convert the following Trading and Profit and Loss Account into Vertical Income Statement:
| Dr. | Trading, Profit and Loss Account (for the year ended 31st March, 2020) |
Cr. | |
| Particulars | Amount (₹) |
Particulars | Amount (₹) |
| To Opening stock | 50,000 | By Sales | 6,00,000 |
| To Purchases | 4,50,000 | By Closing Stock | 1,50,000 |
| To Carriage | 20,000 | ||
| To Direct expenses | 30,000 | ||
| To Wages | 50,000 | ||
| To Gross Profit c/d | 1,50,000 | ||
| Total | 7,50,000 | 7,50,000 | |
| To Office expenses | 62,500 | By Gross Profit b/d | 1,50,000 |
| To Finance expenses | 15,000 | ||
| To Selling expenses | 50,000 | ||
| To Net Profit c/d | 22,500 | ||
| Total | 1,50,000 | 1,50,000 | |
