D. K. Goel solutions for Accountancy Volume 1 and 2 [English] Class 12 ISC chapter 11 - Tools for Financial Analysis : Comparative Statements [Latest edition]

Name two tools of financial analysis.

What are comparative financial statements?

Give two objectives of comparative financial statements.

What is a comparative balance sheet?

Give two advantages of comparative balance sheet.

What is a comparative statement of profit & loss?

Give two objectives of comparative financial statements.

Give two objectives of comparative balance sheet.

What is comparative statement of profit & loss? How is it prepared?

Give a specimen of comparative balance sheet of a company for two years for comparison purpose.

Give a specimen of comparative statements of profit & loss for two years.

Take a few imaginary figures and prepare a comparative statement of profit & loss for two years.

From the following Balance Sheets of Royal Industries as at 31st March, 2024 and 2023, prepare a comparative Balance Sheet:

From the following information, prepare Comparative Balance Sheet of Y Ltd.:

Prepare a Comparative Balance Sheet from the following and interpret it:

Following particulars are obtained from the books of India Ltd.:

You are required to prepare a Comparative Statement of Profit & Loss.

Prepare a Comparative Statement of Profit & Loss from the following:

Interest on investments @ ₹ 50,000 each year. 

From the following Statement of profit and loss of the Sakhi Ltd. for the years ended 31st March 2024 and 2025, prepare Comparative Statement of Profit & Loss.

From the following information, prepare a Comparative Statement of Profit & Loss:

Prepare a ‘Comparative Statement of Profit and Loss’ from the following information:

From the following information provided, prepare Comparative Statement of Profit and Loss for the years ended 31st March 2023 and 2022:

Prepare a Comparative Statement of Profit and Loss from the following:

From the following information, prepare Comparative Statement of Profit and Loss:

Following is the Comparative Statement of Profit & Loss of Bharat Ltd.

Following is the Comparative Statement of Profit & Loss of Aryavart Ltd.

Hints:

Step 1: First of all Cost of Materials will be calculated.

It will be:
for 2023-24 = 1,50,000 × `100/10` = ₹ 15,00,000

for 2024-25 = l,95,000 × `100/10` = ₹ 19,50,000

Step 2: Thereafter, total expenses will be calculated.

Step 3: Total expenses will be added to Profit before Tax to arrive at Total Income.

Following is the Comparative Statement of Profit & Loss of Shiva Ltd.

Prepare a Comparative Statement of Profit & Loss with the help of the following information:

Prepare a Comparative Statement of Profit & Loss from the following information:

From the following information, prepare a Comparative Statement of Profit:

Prepare a Comparative Statement of Profit and Loss from the following information:

From the following Balance Sheets of Universe Ltd. as at 3 lst March 2025 & 2024 prepare a Comparative Balance Sheet:

From the following information, prepare a Comparative Balance Sheet of Depth Ltd. 

From the following information, prepare a Comparative Statement of Profit & Loss:

Prepare a Comparative Statement of Profit from the following information:

Prepare a comparative Statement of Profit of Varun Ltd. with the help of the following information:

From the following data, prepare a Statement of Profits in the comparative form:

Prepare a Comparative Statement of Profit with the help of the following information:

Profit & Loss Statements for the years ended 31st March 2025 and 2024:

Prepare a Comparative Statement of Profit & Loss from the following:

Interest on investments @ ₹ 2,00,000 and taxes payable @ 50%.

From the following information, prepare a Comparative Statement of Profit & Loss of Zee Ltd.:

From the following particulars, prepare a Comparative Balance Sheet of Rima Ltd.:

From the following information, prepare a Comparative Statement of Profit and Loss:

From the following information extracted from the Statement of Profit and Loss for the years ended 31st March, 2024 and 2025, prepare a Comparative Statement of Profit & Loss:

From the following information prepare Comparative Balance Sheet of X Ltd.:

From the following data, prepare a Comparative Statement of Profit and Loss of Simon Ltd.

Prepare a comparative statement of profit and loss of Cosmos Ltd. from the following information:

You are required to prepare a Comparative Statement of Profit & Loss from the following particulars of Nishant Ltd.

From the following data of Horizon Ltd., you are required to prepare a Comparative Statement of Profit and Loss.

Following is the Comparative Income Statement of Violet Ltd. for the years ending 31-3-2023 and 31-3-2022.

You are required to present the Comparative Income Statement in its complete form after calculating the missing information represented by “??”.

The most commonly used tools for financial analysis are ______.

Which of the following is not a tool for Analysis of Financial Statements?

Which one of the following items is not a tool used for financial analysis?

Which one of the following items is not a method/tool of analysis of financial statements?

Which one of the following items is not a method/tool of analysis of financial statements?

Which one of the following items is not a method/tool of analysis of financial statements?

Which of the following is the objective of comparative statements?

Which of the following is device of comparative statements?

Comparative balance sheet ______.

Comparative statement of profit and loss provides information about:

Which analysis depicts the relationship between two figures?

In which analysis total cost are equal to total revenue from operations?

Non-current assets of a company increased from ₹ 3,00,000 to ₹ 4,00,000. What is the percentage of change?

A company’s current liabilities decreased from ₹ 4,00,000 to ₹ 3,00,000. What is the percentage of change?

A company’s working capital is ₹ 10 lakh (Negative balance) in the year 2018. It became ₹ 15 lakh (Positive balance) in the year 2019. What is the percentage of change?

A company’s revenue from operations are ₹ 20,00,000; cost of revenue from operations is ₹ 14,00,000 and indirect expenses are ₹ 2,00,000. What is the amount of gross profit?

Revenue from operations ₹ 4,00,000; Cost of revenue from operations 60% of revenue from operations; Operating expenses ₹ 30,000 and Rate of income tax is 40%. What will be amount of profit after tax?

Revenue from operations ₹ 8,00,000; Gross profit ratio 32%; Indirect Exp. 10% of Gross profit and income tax 40%. What will be the amount of profit after tax?

Revenue from operations ₹ 4,00,000; Cost of revenue from operations 60% of revenue from operations, Indirect expenses 15% of gross profit; Income tax 40%. Calculate net profit after tax.

Payment of income tax is considered as ______.

Interest on loans is ______.

Revenue from operations less cost of revenue from operations is called ______.

Which objective is not fulfilled by comparative statement of profit & loss?

In comparative statements change in different items is presented in the form of ______.

Which of the following is not a form of presenting financial analysis?

Which objective is not fulfilled by comparative financial statement?

‘No profit no loss’ point is called ______.

Net profit is obtained by deducting ______ from gross profit.

Amount left after deducting gross profit from revenue from operations is generally ______.

What is gross profit + materials consumed?

Which one of the following analysis is considered as a dynamic analysis?

Assertion (A): Comparative balance sheet is the horizontal analysis of balance sheet items.

Reason (R): In comparative balance sheet, each item of assets, liabilities and shareholder’s funds is placed side-by-side to facilitate comparison.

In the context of the above two statements, which of the following is correct?

Assertion (A): Comparative statement of profit and loss is the Vertical analysis of revenue and expenses items.

Reason (R): In comparative statement of profit & loss, each item of revenue and expenses is analysed vertically for two or more accounting periods. 

In the context of the above two statements, which of the following is correct?

Assertion (A): Comparative statements show the change in various items not only in absolute figures but in percentage form also.

Reason (R): Comparative statements indicate trend of change and the strong and weak points of the firm.

In the context of the above two statements, which of the following is correct?

Assertion (A): Comparative statements consider the monetary as well as qualitative elements of the business.

Reason (R): Comparative statements ignore the qualitative elements of business.

In the context of the above two statements, which of the following is correct?

Assertion (A): Comparative statements give due importance to price level changes.

Reason (R): Comparative statements are an analysis of historical records i.e., analysis of past financial statements. As such, they indicate trend in the past and do not reflect future.

In the context of the above two statements, which of the following is correct?

Assertion (A): Break-even point is no profit no loss point.

Reason (R): Break-even point is the point where total costs are exactly equal to total sales. As such, there is neither profit nor any loss at this point.

In the context of the above two statements, which of the following is correct?

Assertion (A): If a firm has no interest income in the year 2023 and ₹ 10,000 of interest income in the year 2024, the change will be 100%.

Reason (R): If other income is ₹ 20,000 in the year 2023 and Nil in the year 2024, the change will be (100%).

In the context of the above two statements, which of the following is correct?