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Financial Statement Analysis 2 Mark Book Back Question Paper With Answer Key

12th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 22

    2 Marks

    11 x 2 = 22
  1. From the following particulars, prepare comparative income statement of Tharun Co. Ltd.

    Particulars 2016-17 2017-18
      Rs. Rs.
    Revenue from operations 2,00,000 2,50,000
    Other income 50,000 40,000
    Expenses 1,50,000 1,20,000
  2. From the following particulars of Kumar Ltd, prepare a common-size income statement for the year ended 31st March, 2018.

    Particulars 2017-18
      Rs.
    Revenue from operations 5,00,000
    Other income 20,000
    Expenses 3,00,000
  3. From the following particulars, prepare comparative income statement of Arul Ltd.

    Particulars 2015-16
    Rs.
    2016-17
    Rs.
    Revenue from operations 50,000 60,000
    Other income 10,000 30,000
    Expenses 40,000 50,000
  4. From the following particulars, prepare comparative income statement of Daniel Ltd.

    Particulars

    2015-16
    Rs.

    2016-17
    Rs.
    Revenue from operations 40,000 50,000
    Operating expenses 25,000 27,500
    Income tax (% of the profit before tax) 30 30
  5. Prepare common-size income statement for the following particulars of Raja Ltd. for the year ended 31st March, 2017

    Particulars 2016-17
      Rs.
    Revenue from operations 4,50,000
    Other income 67,500
    Expenses 1,35,000
  6. From the following particulars of Maria Ltd. and Kala Ltd. prepare a common-size income statement for the year ended 31st March, 2019.

    Particulars Maria Ltd Kala Ltd
      Rs Rs.
    Revenue from operations 1,00,000 2,00,000
    Other income 10,000 30,000
    Expenses 70,000 1,20,000

    Maria Ltd: Other income: 10%; Total revenue: 110%; Expenses: 70%; Profit before tax: 40%
    Kala Ltd: Other income: 15%; Total revenue: 115%; Expenses: 60%; Profit before tax: 55%)

  7. From the following particulars, calculate the trend percentages of Kala Ltd.

    Particulars Rs.in thousands
      2015-16 2016-17 2017-18
    Revenue from operations 400 500 600
    Other income 100 150 200
    Expenses 200 290 350
  8. What are financial statements?

  9. List the tools of financial statement analysis.

  10. What is working capital?

  11. When is trend analysis preferred to other tools?

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