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Online Mock Tests
Chapters
2: Financial Statement Analysis
▶ 3: Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements
4: Accounting Ratios
5: Cash Flow Statement
![TS Grewal solutions for अकाऊंटन्सी अनॅलिसिस ऑफ फाइनैन्शल स्टंटमेंट्स [इंग्रजी] इयत्ता १२ chapter 3 - Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements - Shaalaa.com](/images/accountancy-analysis-of-financial-statements-english-class-12_6:b683741d06224defaee71d239118ce40.jpg "TS Grewal solutions for अकाऊंटन्सी अनॅलिसिस ऑफ फाइनैन्शल स्टंटमेंट्स [इंग्रजी] इयत्ता १२ chapter 3 - Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements")
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Solutions for Chapter 3: Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements
Below listed, you can find solutions for Chapter 3 of CBSE TS Grewal for अकाऊंटन्सी अनॅलिसिस ऑफ फाइनैन्शल स्टंटमेंट्स [इंग्रजी] इयत्ता १२.
TS Grewal solutions for अकाऊंटन्सी अनॅलिसिस ऑफ फाइनैन्शल स्टंटमेंट्स [इंग्रजी] इयत्ता १२ 3 Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements QUESTIONS [Pages 3.25 - 3.33]
MULTIPLE CHOICE QUESTIONS (MCQs) Select the correct alternative:
Which technique of financial analysis shows a comparative study of items or components of financial statements for two or more years?
Common-size Statement
Ratio Analysis
Comparative Statement
Trend Analysis
Which of the following is a tool of financial analysis?
Comparative Statements
Common-size Statements
Cash Flow Statement
All of these.
Fixed Assets of a company increased from ₹ 8,00,000 to ₹ 10,00,000. The percentage change is ______.
20%
33.3%
25%
40%
Revenue from Operations is ₹ 50,00,000, other income is 20% of Revenue from Operations and Expenses are 50% of Revenue from Operations. Amount of profit before tax will be ______.
₹ 35,00,000
₹ 30,00,000
₹ 25,00,000
₹ 45,00,000
Revenue from Operations is ₹ 60,00,000; other income is 15% of Revenue from Operations. Expenses are 60% of Revenue from Operations and the tax rate is 40%. Amount of profit after tax will be ______.
₹ 14,40,000
₹ 19,80,000
₹ 13,80,000
₹ 16,56,000
Total Assets of Star Ltd. are ₹ 10,00,000; Shareholders’ Funds: ₹ 6,00,000. The percentage of Shareholders’ Funds in Common-size Balance Sheet will be ______.
40%
50%
70%
60%
While preparing Common-size Income Statement, each item of Income Statement is expressed as % of ______.
Revenue from Operations
Other Income
Total Income
Profit before Tаx
In ‘Common size income statement’ each item is expressed as a percentage of ______.
Total Income
Total Expenses
Net Profit After Tax
Revenue from Operations
In preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of ______.
Non-current Assets.
Current Assets.
Non-current Liabilities.
Total Assets.
Under which tool of financial analysis, 100% is taken as base and all other related amounts are expressed as a percentage of base?
Comparative Statement
Common-size Statement
Ratio Analysis
Cash Flow Statement
Reserves and Surplus of Jai Ltd. were ₹ 10,00,000 (Negative Balance) in the year 2023-24. It becomes ₹ 15,00,000 in the year 2024-25. The percentage change in Reserves and Surplus is ______.
50%
100%
150%
250%
Match the following:
| Group A | Group B | ||
| 1. | Common-size Balance Sheet | A. | Compares the assets and liabilities of current year with that of previous year. |
| 2. | Comparative Balance Sheet | B. | Depicts the percentage relation of each asset/liability to total assets/total of equity and liabilities. |
| 3. | Common-size Income Statement | C. | Revenue from Operations is assumed to be equal to 100, and other values of revenue and expenses are expressed as percentages of Revenue from Operations. |
| 4. | Comparative Statement of Profit & Loss | D. | Depicts the operating results of more than one accounting period so that changes in absolute amounts as well as in terms of percentage may be known. |
1 - D, 2 - A, 3 - C, 4 - B.
1 - C, 2 - D, 3 - B, 4 - A.
1 - B, 2 - A, 3 - C, 4 - D.
1 - A, 2 - C, 3 - D, 4 - B.
1 - D, 2 - A, 3 - C, 4 - B.
Comparative statement are also known as?
Dynamic analysis
Horizontal analysis
Vertical analysis
External analysis
The statement in which individual items of financial statements of two or more years are placed side by side and converted into percentage of a common base is ______.
Comparative Statements.
Common-size Statements.
Financial Statements.
None of these.
Comparative Income Statement shows:
Revenue and Expenses in absolute value.
Increase/decrease in absolute value of Revenues and Expenses.
Proportionate changes in Revenues and Expenses.
All of the above.
ASSERTION-REASON-BASED MCQs Given below are two statements (in each question), one labelled as Assertion (A) and other labelled as Reason (R):
Assertion (A): Comparative Income Statement is the horizontal analysis of Income Statement.
Reason (R): In Comparative Income Statement, each item of Revenue from Operations, Other Income and Expenses is analysed horizontally for two or more accounting periods.
In the context of the above two statements, which option is correct?
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (A).
Assertion (A) is false, and Reason (R) is true.
Assertion (A) is true, and Reason (R) is false.
Assertion (A): Comparative Balance Sheet is the horizontal analysis of Balance Sheet.
Reason (R): In Comparative Balance Sheet, each item of Assets and Liabilities is analysed vertically for two or more accounting periods.
In the context of the above two statements, which option is correct?
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (A).
Assertion (A) is false, and Reason (R) is true.
Assertion (A) is true, and Reason (R) is false.
Assertion (A): Comparative Statements consider the qualitative aspect in the analysis.
Reason (R): Comparative Statements consider only the monetary information in the analysis, while qualitative aspects are not considered.
In the context of the above two statements, which option is correct?
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (А).
Assertion (A) is false, and Reason (R) is true.
Assertion (A) is true, and Reason (R) is false.
Assertion (A): Common-size Income Statement is the vertical analysis of Income Statement.
Reason (R): In Common-size Income Statement, Revenue from Operations is taken as 100 while Other Income and Expenses are expressed as percentage of Revenue from Operations.
In the context of the above two statements, which option is correct?
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (А).
Assertion (A) is false, and Reason (R) is true.
Assertion (A) is true, and Reason (R) is false.
Assertion (A): Common-size Balance Sheet is not a vertical analysis of Balance Sheet.
Reason (R): In Common-size Balance Sheet, total Assets value is taken as 100 and all other values of Assets, Equity and Liabilities are expressed as percentage of Total Assets value.
In the context of the above two statements, which option is correct?
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (А).
Assertion (A) is false, and Reason (R) is true.
Assertion (A) is true, and Reason (R) is false.
Assertion (A): Common-size Balance Sheet is the Vertical Analysis of Balance Sheet.
Reason (R): In Common-size Balance Sheet, Total Assets figure is taken as 100 and all other figures of Assets and Liabilities are expressed as percentage of Total Assets figure.
In the context of the above two statements, which option is correct?
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation for Assertion (A).
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation for Assertion (А).
Assertion (A) is false, and Reason (R) is true.
Assertion (A) is true, and Reason (R) is false.
COMPETENCY-BASED QUESTIONS
Ariel Ltd. provides you with the following information as at 31st March, 2026.
| Capital Employed | ₹ 4,50,000 |
| Statement of Profit & Loss | ₹ (1,00,000) |
| General Reserve | ₹ 1,50,000 |
| Bank Loan | ₹ 1,00,000 |
| Working Capital | ₹ 50,000 |
| Total Assets | ₹ 6,00,000 (2/3rd of which are Non-current in nature) |
You are required to prepare a Common-size Balance Sheet of Ariel Ltd. as at 31st March, 2026.
Rectify the errors in the given extract of Common-size Statement and redraw it again.
| COMMON-SIZE INCOME STATEMENT OF SIA LTD. for the year ended 31st March, 2026 | |||
| Particulars | Note No. | Current Year Absolute Amount (₹) | % of Total Income |
| I. Revenue from Operations | 4,00,000 | 97.56 | |
| II. Other Income | 10,000 | 2.44 | |
| III. Total Revenue | 4,10,000 | 100.00 | |
Read the following statement I, and statement II: Choose the correct options from the options given below:
Statement I: Comparative Financial Statement is the horizontal analysis of financial statements.
Statement II: Comparative statements help in intra-firm comparison.
Both statements are correct.
Both statements are incorrect.
Statement I is correct, and Statement II is incorrect.
Statement I is incorrect, and Statement II is correct.
Statement I: A particular year’s Balance Sheet is more useful as compared to Comparative Balance Sheet.
Statement II: Comparative Balance Sheet acts as a connecting link between Statement of Profit & Loss and the Balance Sheet.
Both statements are correct.
Both statements are incorrect.
Statement I is correct, and Statement II is incorrect.
Statement I is incorrect, and Statement II is correct.
Statement I: Comparative Statements consider the qualitative aspects of the business.
Statement II: Comparative Statements are free from personal bias.
Both statements are correct.
Both statements are incorrect.
Statement I is correct, and Statement II is incorrect.
Statement I is incorrect, and Statement II is correct.
Statement I: Comparative Statement shows change in all items of financial statements in absolute and percentage terms over a period of time for a firm or between two firms.
Statement II: Common-size Statement expresses all items of financial statement as a percentage of some base such as Revenue from Operations for Statement of Profit & Loss and Total Assets for Balance Sheet.
Both statements are correct.
Both statements are incorrect.
Statement I is correct, and Statement II is incorrect.
Statement I is incorrect, and Statement II is correct.
MISSING VALUE QUESTIONS
| Wipro Ltd. COMPARATIVE BALANCE SHEET as at 31st March, 2025 and 2026 |
|||||
| Particulars | Note No. | 31st March, 2025 (₹) |
31st March, 2026 (₹) |
Absolute Change (Increase/Decrease) (₹) |
Percentage Change (Increase/Decrease) % |
| I. EQUITY AND LIABILITIES | |||||
| 1. Shareholders’ Funds | |||||
| (a) Share Capital: | |||||
| Equity Share Capital | 3,00,000 | ? | 60,000 | 20.00 | |
| (b) Reserves and Surplus | 1,20,000 | 1,50,000 | ? | 25.00 | |
| 2. Non-Current Liabilities | |||||
| Long-term Borrowings | 1,70,000 | 2,55,000 | ? | 50.00 | |
| 3. Current Liabilities | |||||
| Trade Payables | 1,50,000 | ? | (30,000) | (20.00) | |
| Total | 7,40,000 | 8,85,000 | 1,45,000 | 19.60 | |
| II. ASSETS | |||||
| 1. Non-Current Assets | |||||
| Property, Plant and Equipment and Intangible Assets: | |||||
| (i) Property, Plant and Equipment | 5,00,000 | 6,50,000 | 1,50,000 | 30.00 | |
| (ii) Intangible Assets | 1,00,000 | ? | - | - | |
| 2. Current Assets | |||||
| (a) Trade Receivables | 1,20,000 | 1,25,000 | ? | 4.17 | |
| (b) Cash and Cash Equivalents | 20,000 | 10,000 | (10,000) | (50.00) | |
| Total | 7,40,000 | 8,85,000 | ? | 19.60 | |
Complete the above Comparative Balance Sheet as at 31st March, 2025 and 2026.
| Sujata Ltd. COMPARATIVE STATEMENT OF PROFIT & LOSS for the years ended 31st March, 2025 and 2026 |
|||||
| Particulars | Note No. | 31st March, 2025 ₹ |
31st March, 2026 ₹ |
Absolute Change (Increase/Decrease) ₹ |
Percentage Change (Increase/Decrease) ₹ |
| I. Revenue from Operations | 4,20,000 | 8,00,000 | ? | 90.48 | |
| II. Expenses | |||||
| (a) Purchases of Stock-in-Trade | 2,50,000 | ? | 2,00,000 | 80.00 | |
| (b) Change in Inventories of Stock-in-Trade | 50,000 | 50,000 | ? | ... | |
| (c) Other Expenses | 30,000 | 40,000 | 10,000 | 33.33 | |
| Total Expenses | 3,30,000 | 5,40,000 | 2,10,000 | 63.64 | |
| III. Profit before Tax (I – II) | 90,000 | 2,60,000 | 1,70,000 | 188.89 | |
| IV. Tax | 27,000 | 78,000 | ? | 188.89 | |
| V. Profit after Tax (III- IV) | 63,000 | 1,82,000 | ? | 188.89 | |
Complete the above Comparative Statement of Profit & Loss for the years ended 31st March, 2025 and 2026.
Fill in the amounts left blank in the following Common Size Statement of Profit and Loss for the year ended 31st March, 2019.
| Common-Size Statement of Profit & Loss for the year ended 31st March, 2019 | ||||||
| Particulars | Note No. |
Absolute Change | % of Revenue from operations | |||
| 2017-18 | 2018-19 | 2017-18 | 2018-19 | |||
| ₹ | ₹ | ₹ | ₹ | |||
| I. | Revenue from operations | 20,00,000 | 25,00,000 | ______ | 100 | |
| II. | Other Income | 1,00,000 | 2,50,000 | ______ | 10 | |
| III. | Total Revenue | 21,00,000 | 27,50,000 | 105 | 110 | |
| IV. | Expenses | |||||
| (a) Cost of Material consumed | ______ | 8,00,000 | 30 | 32 | ||
| (b) Change in Inventory | 1,00,000 | 2,00,000 | ______ | 8 | ||
| (c) Employee Benefit Expenses | ______ | 4,50,000 | 15 | 18 | ||
| (d) Other Expenses | ______ | 2,25,000 | 10 | 9 | ||
| Total Expenses | 12,00,000 | 16,75,000 | ______ | 67 | ||
| V. | Profit before Tax (III-IV) | 9,00,000 | 10,75,000 | 45 | 43 | |
| Less: Tax | 2,00,000 | 2,50,000 | 10 | ______ | ||
| VI. | Profit after Tax | 7,00,000 | 8,25,000 | 35 | 33 | |
| COMMON-SIZE BALANCE SHEET OF WIN MARKETING LTD. as at 31st March, 2025 and 2026 | |||||
| Particulars | Note No. | Absolute Amounts | Percentage of Balance Sheet Total | ||
| 31st March, 2025 (₹) |
31st March, 2026 (₹) |
31st March, 2025 (%) |
31st March, 2026 (%) |
||
| I. EQUITY AND LIABILITIES | |||||
| 1. Shareholders’ Funds | |||||
| (a) Share Capital | 5,00,000 | ? | 33.33 | 41.67 | |
| (b) Reserves and Surplus | 3,00,000 | 2,00,000 | 20.00 | 8.33 | |
| 2. Non-Current Liabilities | |||||
| Long-term Borrowings | 5,00,000 | ? | 33.34 | 33.33 | |
| 3. Current Liabilities | |||||
| Trade Payables | 2,00,000 | ? | 13.33 | 16.67 | |
| Total | 15,00,000 | 24,00,000 | 100.00 | 100.00 | |
| II. ASSETS | |||||
| 1. Non-Current Assets | |||||
| Property, Plant and Equipment and Intangible Assets: | |||||
| Property, Plant and Equipment | 10,00,000 | ? | 66.67 | 62.50 | |
| 2. Current Assets | |||||
| Cash and Cash Equivalents | 5,00,000 | ? | 33.33 | 37.50 | |
| Total | 15,00,000 | 24,00,000 | 100.00 | 100.00 | |
Complete the above Common-size Balance Sheet.
TS Grewal solutions for अकाऊंटन्सी अनॅलिसिस ऑफ फाइनैन्शल स्टंटमेंट्स [इंग्रजी] इयत्ता १२ 3 Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements EXERCISE [Pages 3.34 - 3.46]
Comparative Balance Sheet
From the following information, prepare Comparative Balance Sheet of Jaico Ltd.:
| Particulars | 31st March, 2025 (₹) | 31st March, 2026 (₹) |
| Shareholders’ Funds | 30,00,000 | 45,00,000 |
| Non-current Liabilities | 15,00,000 | 15,00,000 |
| Current Liabilities | 5,00,000 | 15,00,000 |
| Non-current Assets | 35,00,000 | 52,50,000 |
| Current Assets | 15,00,000 | 22,50,000 |
From the following Balance Sheet, prepare Comparative Balance Sheet of Paras Milk Ltd.:
| Particulars | Note No. |
31st March, 2026 (₹) |
31st March, 2025 (₹) |
| I. EQUITY AND LIABILITIES
1. Shareholder's Funds |
|||
|
(a) Share Capital |
3,50,000 | 3,00,000 | |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
1,00,000 | 2,00,000 | |
|
3. 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) |
4,00,000 | 3,00,000 | |
|
2. Current Assets |
|||
|
Trade Receivables |
2,00,000 |
3,00,000 |
|
| Total |
6,00,000 |
6,00,000 |
Following is the Balance Sheet of Gold Marsh Ltd. as at 31st March, 2026:
|
Particulars |
Note No. |
31st March, 2026, (₹) |
31st March, 2025, (₹) |
|
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 |
|||
|
(a) Trade Payables |
|
5,00,000 |
3,00,000 |
|
Total |
38,00,000 |
25,00,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
Fixed Assets: |
|||
|
(i) Tangible Assets |
|
25,00,000 |
15,00,000 |
|
(ii) Intangible Assets |
5,00,000 | 5,00,000 | |
|
2. Current Assets |
|||
|
(a) Trade Receivables |
|
6,00,000 |
3,50,000 |
|
(b) Cash and Cash Equivalents |
2,00,000 |
1,50,000 |
|
|
Total |
38,00,000 |
25,00,000 |
You are required to prepare Comparative Balance Sheet on the basis of the information given in the above Balance Sheet.
Balance Sheet of Sandesh Ltd. as at 31st March, 2026 is given below:
| BALANCE SHEET as at 31st March, 2026 |
|||
|
Particulars |
Note No. |
31st March, 2026 (₹) |
31st March, 2025 (₹) |
|
I. EQUITY AND LIABILITIES 1. Shareholder’s 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 |
14,20,000 |
8,60,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets |
5,68,000 | 4,30,000 | |
|
(b) Non-Current Investments |
|
6,000 |
4,000 |
|
2. Current Assets |
|||
|
(a) Trade Receivables |
|
6,46,000 |
3,76,000 |
|
(b) Cash and Cash Equivalents |
2,00,000 |
50,000 |
|
|
Total |
14,20,000 |
8,60,000 |
|
Prepare Comparative Balance Sheet showing percentage changes from 2025 to 2026
Following is the summarised Balance Sheet of Hopeful Ltd. as at 31st March, 2026:
| Particulars |
Note No. |
31st March, 2026 (₹) |
31st March, 2025 (₹) |
| 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 | 4,50,000 | 4,50,000 |
| (b) Long-term Provisions | 50,000 | 1,00,000 | |
| 3. Current Liabilities | |||
| (a) Trade Payables (Creditors) | 5,30,000 | 3,30,000 | |
| (b) Short-term Provisions | 50,000 | 50,000 | |
| Total | 17,00,000 | 15,40,00 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets (Tangible) | 9,90,000 | 10,40,000 | |
| (b) Non-Current Investments | 1,00,000 | 1,00,000 | |
| 2. Current Assets | |||
| (a) Trade Receivables | 5,00,000 | 3,00,000 | |
| (b) Cash and Cash Equivalents | 2 | 1,10,000 | 1,00,000 |
| Total | 17,00,000 | 15,40,000 |
Notes to Accounts
| Particulars | 31st March, 2026 (₹) |
31st March, 2025 (₹) |
| I. Long-term Borrowings | ||
| Bank Loan | 3,50,000 | 4,50,000 |
| 8% Debentures | 1,00,000 | ... |
| 4,50,000 | 4,50,000 | |
| 2. Cash and Cash Equivalents | ||
| Bank Balance | 1,00,000 | 90,000 |
| Cash in Hand | 10,000 | 10,000 |
| 1,10,000 | 1,00,000 |
You are required to comment upon the changes in absolute figures from one period to another.
From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2026, prepare Comparative Balance Sheet:
|
Particulars |
Note No. |
31st March, 2026 (₹) |
31st March, 2025 (₹) |
| I. EQUITY AND LIABILITIES
1. Shareholder's 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 |
|||
|
Long-term Borrowings |
2,00,000 |
3,00,000 |
|
|
3. Current Liabilities |
|||
|
Trade Payables |
2,00,000 |
1,00,000 |
|
|
Total |
15,00,000 |
10,00,000 |
|
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets: |
|||
|
(i) Tangible Assets |
8,00,000 |
4,00,000 |
|
|
(ii) Intangible Assets |
2,00,000 |
2,00,000 |
|
|
(b) Non-Current Investments |
2,00,000 |
2,00,000 |
|
|
2. Current Assets |
|||
|
(a) Inventories |
2,50,000 |
1,50,000 |
|
|
(b) Cash and Cash Equivalents |
50,000 |
50,000 |
|
|
Total |
15,00,000 |
10,00,000 |
Comparative Statement of Profit & Loss (Income Statement)
Prepare Comparative Statement of Profit & Loss from the following information:
| Particulars | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
| Revenue from Operations | 30,00,000 | 20,00,000 |
| Other Income | 3,60,000 | 4,00,000 |
| Expenses | 21,00,000 | 12,00,000 |
From the following information, prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2023 and 2024:
| Particulars | Note No. | 2023–24 (₹) | 2022–23 (₹) |
| Revenue from Operations | 25,00,000 | 20,00,000 | |
| Employee Benefit Expenses | 3,75,000 | 2,50,000 | |
| Other Expenses | 13,75,000 | 10,00,000 | |
| Tax Rate 50% |
Prepare Comparative Statement of Profit & Loss from the following:
| Particulars | 31st March, 2019 | 31st March, 2020 |
| Revenue from Operations | ₹ 20,00,000 | ₹ 25,00,000 |
| Cost of Material Consumed | ₹ 10,00,000 | ₹ 13,00,000 |
| Other Expenses | NIL | 1,20,000 |
| Tax Rate | 50% | 50% |
Prepare a Comparative Income Statement of Bikul Ltd. with the help of the following information:
| Particulars | 2016–17 (₹) | 2017–18 (₹) |
| Revenue from Operations | 10,00,000 | ₹ 16,00,000 |
| Cost of Materials Consumed | 5,00,000 | 10,00,000 |
| Employee Benefit Expenses | 80,000 | 40,000 |
| Other Indirect Expenses | 60,000 | 80,000 |
Following information is extracted from the Statement of Profit and Loss of Kalyan Ltd. for the year ended 31st March, 2026:
| Particulars | 31st March, 2015 | 31st March, 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% |
Prepare Comparative Statement of Profit & Loss.
Prepare Comparative Statement of Profit and Loss from the following information:
| Particulars | 31st March, 2026 | 31st March, 2025 |
| 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% |
Prepare a Comparative Statement of Profit & Loss from the information extracted from the Statement of Profit & Loss for the year ended 31st March, 2017 and 2018.
| Particulars | 2017–18 (₹) | 2016–17 (₹) |
| Revenue from Operations | 15,00,000 | 10,00,000 |
| Other Income (% of Revenue from Operations) | 60% | 50% |
| Employee Benefit Expenses (% of total revenue) | 40% | 30% |
| Tax Rate | 40% | 40% |
From the following information, prepare Comparative Statement of Profit & Loss of Gold Coin Ltd. for the year ended 31st March, 2026:
| Particulars | 31st March, 2026 | 31st March, 2025 |
| 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% |
From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit & Loss:
| Particulars | Note No. | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
| 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 |
From the following information, prepare Comparative Statement of Profit and Loss for the year ended 31st March, 2023:
| Particulars | 2022–23 (₹) | 2021–22 (₹) |
| Revenue from operations | 4,00,000 | 2,00,000 |
| Other income | 80,000 | 40,000 |
| Employee Benefit Expenses - 50% of Revenue from Operations | ||
| Tax Rate 50% |
From the following information, prepare Comparative Statement of Profit & Loss:
| Particulars | 31st March, 2026 | 31st March, 2025 |
| Revenue from Operations | ₹ 20,00,000 | ₹ 16,00,000 |
| Other Income | ₹ 4,40,000 | ₹ 3,00,000 |
| Cost of Materials Consumed | ₹ 8,00,000 | ₹ 6,00,000 |
| Changes in Inventories of Finished Goods and Work-in-Progress | ₹ 4,00,000 | ₹ 2,00,000 |
| Other Expenses (% of Cost of Revenue from Operations) | 15% | 10% |
| Tax Rate | 30% | 30% |
Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2026 |
31st March, 2025 |
| 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 | |
|
Employees Benefits Expenses |
17,500 | 15,000 | |
|
Other Expenses |
7,500 |
5,000 | |
|
Total |
2,50,000 | 2,20,000 | |
| III. Profit before Tax (I-II) |
1,00,000 |
80,000 | |
|
IV. Tax |
30,000 |
24,000 | |
|
V. Profit after Tax (III-IV) |
70,000 |
56,000 |
From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2026 (₹) |
31st March, 2025 (₹) |
| 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 |
|
Employees Benefits Expenses |
1,00,000 | 1,00,000 | |
|
Other Expenses |
2 |
2,00,000 |
1,50,000 |
|
Total |
38,00,000 |
32,50,000 | |
| III. Net Profit (I-II) | 12,00,000 | 7,50,000 |
Notes to Accounts
|
Particulars |
31st March, 2026 (₹) |
31st March, 2025 (₹) |
| I. Change in Inventory of stock-in-Trade | ||
|
Opening Inventory |
2,00,000 | 3,50,000 |
|
Less: Closing Inventory |
1,00,000 | 2,00,000 |
| 1,00,000 | 1,50,000 | |
| 2. Other Expenses | ||
|
Administrative Expenses |
50,000 | 50,000 |
|
Selling and Distribution Expenses |
1,50,000 | 1,00,000 |
| 2,00,000 | 1,50,000 |
Common-size Balance Sheet
From the following information, prepare a Common-size Balance Sheet:
| Particulars | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
| Shareholders’ Funds | 5,40,000 | 3,60,000 |
| Non-current Liabilities | 1,80,000 | 1,80,000 |
| Current Liabilities | 1,80,000 | 60,000 |
| Non-current Assets | 6,30,000 | 4,20,000 |
| Current Assets | 2,70,000 | 1,80,000 |
From the given balance sheet of Geox Ltd., prepare Common Size Balance Sheet:
| BALANCE SHEET of Geox Ltd. as at 31st March, 2023 | |||
| Particulars | Note No. | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 4,00,000 | 2,50,000 | |
| 2. Non-current Liabilities | |||
| (a) Long-term Borrowings | 2,00,000 | 1,50,000 | |
| 3. Current Liabilities | |||
| Trade Payables | 2,00,000 | 1,00,000 | |
| Total | 8,00,000 | 5,00,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets/Property, Plant and Equipment and Intangible Assets | 4,00,000 | 3,50,000 | |
| 2. Current Assets | |||
| (a) Inventories | 2,00,000 | 70,000 | |
| (b) Trade Receivables | 2,00,000 | 80,000 | |
| Total | 8,00,000 | 5,00,000 | |
From the following information, prepare a Common-size Balance Sheet:
| BALANCE SHEET as at 31st March, 2026 | |||
| Particulars | Note No. | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders' Funds | |||
| (a) Share Capital | 32,00,000 | 18,00,000 | |
| (b) Reserves and Surplus | 8,00,000 | 6,00,000 | |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 16,00,000 | 12,00,000 | |
| 3. Current Liabilities | |||
| Short-term Borrowings | 8,00,000 | 12,00,000 | |
| Total | 64,00,000 | 48,00,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment | 18,00,000 | 16,00,000 | |
| (b) Non-current Investments | 8,00,000 | 6,00,000 | |
| 2. Current Assets | |||
| (a) Inventories | 10,00,000 | 8,00,000 | |
| (b) Trade Receivables | 16,00,000 | 12,00,000 | |
| (c) Cash and Cash Equivalents | 12,00,000 | 6,00,000 | |
| Total | 64,00,000 | 48,00,000 | |
Common-size Statement of Profit & Loss (Income Statement)
From the following Statement of Profit & Loss of Everest Ltd., for the years ended 31st March, 2025 and 2026, prepare a Common-size Statement:
| Particulars | Note No. | 2025–26 | 2024–25 |
|---|---|---|---|
| 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% |
Prepare a ‘Common Size Statement of Profit and Loss’ of Neurosci Ltd. for the year ended 31st March, 2023 from the following information:
| Particulars | Note No. | 2022–23 (₹) | 2021–22 (₹) |
|---|---|---|---|
| Revenue from Operations | 40,00,000 | 20,00,000 | |
| Purchase of Stock in Trade | 4,00,000 | 2,00,000 | |
| Other Expenses | 40,00,000 | 20,000 | |
| Tax rate 50% |
From the following information, prepare a Common-size Statement of Profit & Loss of QLM Ltd. for the year ended 31st March, 2023 and 31st March, 2024:
| Particulars | 2022–23 (₹) | 2023–24 (₹) |
|---|---|---|
| Revenue from Operations | 40,00,000 | 50,00,000 |
| Cost of Revenue from Operations | 20,00,000 | 25,00,000 |
| Other Expenses | 4,00,000 | 5,00,000 |
| Tax rate 50% |
Prepare a Common-size Statement of Profit & Loss of 'Hari Darshan Ltd' from the following information:
| Particulars | Note No. | 2025–26 (₹) | 2024–25 (₹) |
|---|---|---|---|
| Revenue from Operations | 20,00,000 | 10,00,000 | |
| Purchase of Stock-in-Trade | 7,70,000 | 4,20,000 | |
| Changes in Inventories | 1,20,000 | 80,000 | |
| Other Expenses | 52,000 | 30,000 | |
| Other Incomes | 60,000 | 50,000 | |
| Tax Rate 50% |
From the following information of NK Ltd., prepare a Common Size Statement of Profit and Loss for the years ended 31st March, 2022 and 31st March, 2023:
| Particulars | Note No. | 31st March, 2023 | 31st March, 2022 |
|---|---|---|---|
| Revenue from Operations (₹) | 25,00,000 | 20,00,000 | |
| Cost of Materials Consumed (₹) | 8,00,000 | 6,00,000 | |
| Employee Benefit Expenses (₹) | 4,00,000 | 4,00,000 | |
| Income Tax Rate (%) | 20 | 30 |
Prepare Common-size Statement of Profit & Loss from the following information:
| Particulars | Note No. | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
|---|---|---|---|
| Revenue from Operations | 25,00,000 | 20,00,000 | |
| Other Income | 1,00,000 | 50,00,000 | |
| Cost of Materials Consumed | 15,00,000 | 10,00,000 | |
| Employees Benefit Expenses | 3,00,000 | 2,00,000 | |
| Other Expenses | 4,50,000 | 3,50,000 |
Prepare Common-size Statement of Profit & Loss from the following Statement of Profit & Loss:
| Particulars | Note No. | 31st March, 2026 (₹) |
|---|---|---|
| I. Income | ||
| Revenue from Operations | 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 | |
| Total | 10,10,000 | |
| III. Profit before Tax (I – II) | 5,50,000 |
Prepare Common-size Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
Year I (₹) |
Year II (₹) |
| 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 Expenses |
90,000 |
1,30,000 |
|
|
Total |
11,70,000 |
13,90,000 |
|
| III. Profit before Tax (I-II) |
2,30,000 |
2,10,000 |
|
| IV. Tax |
40,000 |
36,000 |
|
| V. Profit After Tax (III-IV) |
1,90,000 |
1,74,000 |
TS Grewal solutions for अकाऊंटन्सी अनॅलिसिस ऑफ फाइनैन्शल स्टंटमेंट्स [इंग्रजी] इयत्ता १२ 3 Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements TEST YOUR KNOWLEDGE [Pages 3.47 - 3.48]
While preparing Common-size Income Statement, each item of Income Statement is expressed as % of ______.
Revenue from Operations
Other Income
Total Income
Profit before Tаx
In Common-size Statement of Profit & Loss;
Figure of Net Revenue from Operations is assumed to be 100.
Figure of Gross Revenue from Operations is assumed to be 100.
Figure of Net Profit is assumed to be 100.
Figure of Net Assets is assumed to be 100.
In preparing Common-size Balance Sheet, each item of Balance Sheet is expressed as % of ______.
Non-current Assets.
Current Assets.
Non-current Liabilities.
Total Assets.
Under which tool of Financial Statement Analysis, 100% is taken as base and all other related items are expressed as a percentage of the base?
Comparative Statement.
Ratio Analysis.
Common-size Statement.
Cash Flow Statement.
Comparative Balance Sheet
is the Horizontal Analysis of Balance Sheet.
shows the increase/decrease of various items of the Balance Sheet.
is more useful as compared to single year’s Balance Sheet.
All of the above.
Revenue from Operations is ₹ 50,00,000, other income is 20% of Revenue from Operations and Expenses are 50% of Revenue from Operations. Amount of profit before tax will be ______.
₹ 35,00,000
₹ 30,00,000
₹ 25,00,000
₹ 45,00,000
Property, Plant and Equipment of a company increased from ₹ 10,00,000 to ₹ 12,50,000. The percentage change is ______.
20%
25%
`33 1/3`%
40%.
If the total assets of a firm are ₹ 25,00,000 and its Non-current Assets are ₹ 16,00,000, what will be the percentage of Current Assets of Total Assets?
36%
46%
56%
60%
Assertion (A): Comparative Statements help in forecasting.
Reason (R): Comparative Statements indicates a trend in various financial variables of the enterprise.
In the context of the above two statements, which of the following is correct?
Both A and R are correct, and R is the correct explanation of A.
Both A and R are correct, but R is not the correct explanation of A.
A is correct, but R is incorrect.
A is incorrect, but R is correct.
Statement I: Common-size Statement is the horizontal analysis of financial statements.
Statement II: Shareholders’ Funds is taken as common base for Common-size Balance Sheet.
Both statements are true.
Both statements are false.
Statement I is true, and Statement II is false.
Statement I is false, and Statement II is true.
From the following information of Mark Ltd. for the year ended 31st March, 2026, prepare Comparative Statement of Profit & Loss:
| Particulars | 31st March, 2026 | 31st March, 2025 |
| Revenue from Operations (% of Materials Consumed) | 125% | 200% |
| Cost of Materials Consumed | ₹ 13,44,000 | ₹ 6,00,000 |
| Other Expenses (% of Operating Revenue) | 10% | 10% |
| Tax Rate | 50% | 50% |
From the following Statement of Profit & Loss of Raj Ltd., for the years ended 31st March, 2025 and 2026, prepare a Common-size Statement:
| Particulars | Note No. | 31st March, 2026 | 31st March, 2025 |
|---|---|---|---|
| Revenue from Operations | ₹ 30,00,000 | ₹ 20,00,000 | |
| Expenses | ₹ 12,00,000 | ₹ 10,00,000 | |
| Other Incomes | ₹ 3,60,000 | ₹ 4,00,000 | |
| Income Tax | 50% | 40% |
| Particulars | Note No. | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
|---|---|---|---|
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | 8,00,000 | 4,00,000 | |
| 2. Non-Current Liabilities | 5,00,000 | 2,00,000 | |
| 3. Current Liabilities | 3,00,000 | 2,00,000 | |
| Total | 16,00,000 | 8,00,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | 10,00,000 | 5,00,000 | |
| 2. Current Assets | 6,00,000 | 3,00,000 | |
| Total | 16,00,000 | 8,00,000 |
Balance Sheets of Blue Bell Ltd. as at 31st March, 2026 and 2025 are given below:
| Particulars | Note No. | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
|---|---|---|---|
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| Share Capital | 3,44,000 | 4,26,000 | |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 4,38,000 | 6,96,000 | |
| 3. Current Liabilities | 78,000 | 2,98,000 | |
| Total | 8,60,000 | 14,20,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Property, Plant and Equipment and Intangible Assets: | |||
| Property, Plant and Equipment | 4,30,000 | 5,68,000 | |
| (b) Investments | 4,000 | 6,000 | |
| 2. Current Assets | 4,26,000 | 8,46,000 | |
| Total | 8,60,000 | 14,20,000 |
Solutions for 3: Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements
TS Grewal solutions for अकाऊंटन्सी अनॅलिसिस ऑफ फाइनैन्शल स्टंटमेंट्स [इंग्रजी] इयत्ता १२ chapter 3 - Tools of Financial Statement Analysis-Comparative Statements and Common-Size Statements
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