From the following statement of profit and loss of Fenox Ltd for the year ended 31st march,2015, prepare a comparative statement of profit and loss.

Particulars	Note No	2014-15(Rs)	2013-14(Rs)
Revenue from Operations		8.00,000	6,00,000
Other Incomes		1,00,000	50,000
Expenses		5,00,000	4,00,000

Rate of income tax was 40%

8

(a)

Prepare comparative of Profit and loss from the following information.

Particulars	31st March,2014 Amt (Rs)	31st March,2015 Amt(Rs)
Revenue from Operations(Sales)	30,00,000	40,00,000
Cost of Goods Sold or Cost of Revenue from Operations	60% of Sales	55% of Sales
Paid Wages	25,000	30,000
Operating Expenses	20% of Gross Profit	25% of Gross Profit
Incoming Tax	40%	40%

8

(a)

From the following balance sheets of Varma Ltd, prepare comparative balance sheet. 

particulars	31st March,2015 Amt(Rs)	31st March,2014 Amt(Rs)
I.Equity and liabilities
1.Shareholders' Funds
(a) Share Capital	50,00,000	50,00,000
(b) Reserves and Surplus	12,00,000	10,00,000
2. Non-current Liabilities
Long-term Borrowings	30,00,000	30,00,00
3. Current Liabilities
(a) short-term Browings	4,80,000	4,50,000
(b) Trade Payables	4,50,000	4,00,000
(c) Other Current Liabilities	1,10,000	1,00,000
(d) Short-term Provisions	60,000	50,000
Total	1,03,00,000	1,00,00,000
II. Assets
1. Non-current Assets
(a) Fixed Assets(Tangible)	72,00,000	60,00,000
(b) Non-current Investments	10,00,000	10,00,000
2. Current Assets
(a) Inventories	11,00,000	15,00,000
(b) Trade Receivables	6,00,000	10,00,000
(c) Cash and Cash Equivalents	3,50,000	3,00,000
(d) Other Current Assets	50,000	2,00,000
Total	1,03,00,000	1,00,00,000

8

(a)

From the following balance sheets of Sun Ltd as at 31st March, 2014 and 2015, prepare a common size balance sheet

Particulars	Note No	31st March,014 Amt(Rs)	31st March,2015 Amt(Rs)
I.EQUITY AND LIABILITIES
1.Shareholdrs' Funds
(a) Share Capital		30,000	40,00,000
(b) Reserves and Surplus		4,00,000	6,00,000
2.Non-current Liablities
Long-term Browings		10,00,000	12,00,000
3.Current Liabilities
Trade Payables		6,00,000	2,00,000
Total		50,00,000	60,00,000
II.ASSETS
1.Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets		30,00,000	40,00,000
(ii) Intengibla Assets		6,00,000	2,00,000
2.Current Assets
(a) Inventories		10,00,000	12,00,000
(b) Cash and Cash Equivalents		4,00,000	6,00,000
Total		50,00,000	60,00,000

8

(a)

Prepare common size income statement from the following Staement of profit and loss.

Particulars	31st March,2014 Amt(Rs)	31st march,2015 Amt(Rs)
I.Income
Revenue from Operations(Net Sales)	5,00,000	5,00,000
Other Income	5,000	5,500
Total	5,05,000	5,05,000
II.Expenses
Purchase of Stock-in-trade	3,25,000	3,50,000
Changes in Inventories of Stock-in-trade	25,000	24,000
Employees Benefit Expenses	40,000	49,000
Other Expenses	58,750	45,000
III.Profit(I-II)	56250	37500
Total	4,48,750	4,68,000

8

(a)