Advertisements
Advertisements
प्रश्न
Prepare Comparative Balance Sheet for the year ended 31.3.18 and 31.3.19 Assets & Liabilities as follows:
| Particulars | 31.3.18 (₹) | 31.3.19 (₹) |
| 1) Fixed Assets | 120,000 | 1,50,000 |
| 2) Share Capital | 60,000 | 72,000 |
| 3) Current Assets | 28,000 | 27,000 |
| 4) Reserve & Surplus | 24,000 | 30,000 |
| 5) Loan | 34,000 | 51,000 |
| 6) Current liabilities | 30,000 | 24,000 |
Advertisements
उत्तर
| Comparative Balance Sheet as on 31st March 2018 and 31st March 2019 | ||||
| Particulars | 31.03.2018 (₹) | 31.03.2019 (₹) | Absolute Change (₹) | Percentage Change |
| I. Sources of Funds |
||||
| (a) Share Capital | 60,000 | 72,000 | 12,000 | 20% Increase |
| (b) Reserve and Surplus | 24,000 | 30,000 | 6,000 | 25% Increase |
| (A) Net Worth | 84,000 | 1,02,000 | 18,000 | 21.43% Increase |
| (B) Borrowed Funds – Loan | 34,000 | 51,000 | 17,000 | 50% Increase |
| Total Funds Available (A + B) | 1,18,000 | 1,53,000 | 35,000 |
29.66% Increase |
| II. Application of Funds |
||||
| A. Fixed Assets | 1,20,000 | 1,50,000 | 30,000 | 25% Increase |
| B. Working Capital | ||||
| (1) Current Assets | 28,000 | 27,000 | (1,000) | (3.57%) Decrease |
| Less: (2) Current Liabilities | 30,000 | 24,000 | (6,000) | (20%) Decrease |
| Working Capital (Current Asset - Current Liabilities) | (2,000) | 3,000 | 5,000 | (250%) Decrease |
| Total Funds Applied (A + B) | 1,18,000 | 1,53,000 | 35,000 | 29.66% Increase |
APPEARS IN
संबंधित प्रश्न
Balance sheet is a nominal account.
What do you mean by Analysis of Financial Statement?
State any one limitation of Analysis of Financial Statement.
State the significance of Analysis of Financial Statements to the ‘Lenders’.
From the following information of a club show the amounts of match expenses and match fund in the Financial Statement of the Club for the year ended on 31st March, 2009 and 31st March, 2010.
|
Details |
Amount Rs |
|
Match expenses (Paid during the year 2009-2010) |
30,000 |
|
Match Fund (as on 31-3-2009) |
17,000 |
|
Donation for Match Fund (Received during the year 2009 – 2010) |
9,000 |
|
Proceeds from the sale of match tickets (Received during the year 2009-2010) |
3,000 |
State and explain any 'four objectives' of analysis of financial statement from a business concern's point of view.
Following incomplete information is available from the records maintained by Mr. Premnath.
|
Particulars |
1.4.2009 |
31.3.2010 |
|
Cash Balance Bank Balance Sundry Debtors Stock Furniture Creditors 10% Bank Loan |
12,000 26,000 20,000 24,000 24,000 20,000 20,000 |
13,000 30,000 26,000 26,000 24,000 20,000 20,000 |
(1) Mr. Premnath introduced additional capital in the business amounted to Rs 15,000 on 1st January, 2010.
(2) He has paid life insurance premium Rs 10,000 from the business account and withdrawn goods worth Rs 5,000 for his personal use.
(3) Write off Rs 1,000 as bad debts and maintain reserve for doubtful debts at 5% on remaining debtors.
(4) Provide depreciation at 5% p.a. on furniture.
(5) The closing balance of sundry creditors has been overvalued by Rs 2,000 in the books of account.
(6) Provide Interest on Capital and Bank Loan @ 10% p.a.
(i) Statement of Affairs as on 1.4.2009.
(ii) Statement of Affairs as on 31.3.2010.
(iii) Statement of Profit or Loss for the year ended 31st March, 2010.
State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.
Select the appropriate answer from the alternatives given below & rewrite the completed statement:
The methodical classification of financial statement is called _____________.
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Cash proceeds from issue of debentures is _______________.
Select the appropriate answer from the alternatives given below & rewrite the completed statement
Bills payable is _____________.
Select the appropriate answer from the alternatives given below & rewrite the completed statement
From financial statement analysis, the creditors are interested to know _____________.
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.
State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.
Explain the limitations of analysis of financial statements.
The Common Size Statement requires _________.
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.
State true or false with reason.
Dividend paid is not a source of fund
State true or false with reason.
The short term deposits are considered as cash equivalent.
Answer in one sentence only.
Give any three examples of current assets?
The term fund’ refers to
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 | |
