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Financial Statement Analysis 3 Mark Book Back Question Paper With Answer Key

12th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 45

    3 Marks

    15 x 3 = 45
  1. From the following particulars, prepare comparative income statement of Abdul Co. Ltd.

    Particulars 2015-16
    Rs.
    2016-17
    Rs.
    Revenue from operations 3,00,000 3,60,000
    Other income 1,00,000 60,000
    Expenses 2,00,000 1,80,000
    Income tax 30% 30%
  2. From the following particulars, prepare comparative income statement of Mary Co. Ltd.

    Particulars 2015-16
    Rs.
    2016-17
    Rs.
    Revenue from operations 4,00,000 5,00,000
    Operating expenses 2,00,000 1,80,000
    Income tax (% of the profit before tax) 20 50
  3. From the following particulars of Mani Ltd an Kani Ltd prepare a common-size income statement for the year ended 31st March, 2019

    Particulars Mani Ltd Kani Ltd
      Rs. Rs.
    Revenue from operations 2,00,000 2,50,000
    Other income 30,000 25,000
    Expenses 1,10,000 1,25,000
  4. Calculate trend percentages for the following particulars of Kurinji Ltd.

    Particulars Rs.in thousands
      2015-16 2016-17 2017-18
    Revenue from operations 120 132 156
    Other income 50 38 65
    Expenses 100 135 123
  5. From the following information, calculate trend percentages for Mullai Ltd

    Particulars Rs.in lakhs
      2015-16 2016-17 2017-18
    Revenue from operations 100 120 160
    Other income 20 24 20
    Expenses 20 14 40
    Income tax 30% 30% 30%
  6. From the following particulars, prepare comparative income statement of Barani Ltd.

    Particulars 2016-17
    Rs.
    2017-18
    Rs.
    Revenue from operations 30,000 45,000
    Other income 4,000 6,000
    Expenses 10,000 15,000
    Income tax 30% 30%
  7. Prepare common-size income statement for the following particulars of Sam Ltd.

    Particulars 2015-16
    Rs.
    2016-17
    Rs.
    Revenue from operations 4,00,000 5,00,000
    Other income 80,000 50,000
    Expenses 2,40,000 2,50,000
    Income tax 30% 30%
  8. Prepare Common-size balance sheet of Meena Ltd. as on 31st March, 2018.

    Particulars 31st March 2018
      Rs.
    I EQUITY AND LIABILITIES  
    Shareholders’ funds 2,00,000
    Non-current liabilities 1,60,000
    Current liabilities 40,000
    Total 4,00,000
    II ASSETS  
    Non-current assets 3,00,000
    Current assets 1,00,000
    Total 4,00,000
  9. From the following particulars, calculate the Trend percentages of Kavitha Ltd.

    Particulars Rs.in thousands
      2015-16 2016-17 2017-18
    Revenue from operations 100 125 150
    Other income 20 25 30
    Expenses 100 120 80
    Income tax 30% 30% 30%
  10. From the following particulars, calculate the trend percentages of Kumar Ltd

    Particulars Rs.in thousands
      2015-16 2016-17 2017-18
    Revenue from operations 300 270 150
    Other income 50 80 60
    Expenses 250 200 125
    Income tax % 40 40 40
  11. ‘Financial statements are prepared based on the past data’. Explain how this is a limitation.

  12. Write a short note on cash flow analysis.

  13. Briefly explain any three limitations of financial statements

  14. Explain the steps involved in preparing comparative statement

  15. Explain the procedure for preparing common-size statement

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