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12th Standard Accountancy English Medium - Financial Statement Analysis 5 Mark Creative Question Paper and Answer Key 2022 - 2023

Published on: 01/09/2022

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Questions:

Generic 5

13 x 5 = 65

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%

From the following particulars of Siva Ltd., prepare common size income statement for the years ended 31st March 2016 and 31st March 2017.

Particufars	2015 -16 (Rs.)	2016-17 (Rs.)
Revenue from -operations	2,00,000	3,00,000
Other income	25,000	75,000
Expenses	2,50,000	1,50,000
Income tax	40%	40%

Comparative Income Statement.
The following are·the income statement of Jeevan Ltd. for the year ending 31^st Decembr 1999 and 1998. You are required to prepare a comparative income statement fort the two years.

	31.12.98 (Rs.)	31.12.98 (Rs.)
Net Sale	10,00,000	12,00,000
Cost of goods sold	5,50,000	6,05,000
Operating expenses
Administration	80,000	1,90,000
Selling	60,000	80,000
Non-perating expense.s
Interest	40,000	50,000
Income Tax	50,00	80,000

From the following figures, Compute trend percentage and comment, using 2005 as the base year:

Year	Sales (Rs.)	Cost of Goods Sold	Profit before Tax(Rs.)
2005	600	360	120
2006	680	414	138
2007	840	512	186
2008	960	574	204
2009	1,040	600	228
2010	1,200	666	300

From the following data relating to the purchase of a firm, prepare trend percentages and Trend Ratios.

Year	Purchase ('00,000)
2000	1,672
2006	1,789
2007	1,873
2008	1,923
2009	2,123
2010	1,463

The summary of Balance sheet data in respect of A Ltd. and B Ltd. is as under.

Particulars	A-Ltd (Rs.)	B-Ltd(Rs.)
Buildings	1,00,000	4,50,000
Machinery	3,00,000	7,50,000
Share Capital	4,50,000	14,50,000
Retained Earnings	50,000	33,000
Debtors	1,15,000	1,60,000
Stocks	60,000	2,17,000
Cash	10,000	5,000
Prepaid Expenses	5,000	3,000
Creditors	91,000	1,00,000
Liability for Expenses	9,000	17,000
Preliminary Expenses	10,000	15,000

Prepare common size Balance Sheets.

From the following Balance sheet, Prepare a Common size statement.

Particulars	2009	2010
Assets:
Cash	27,000	31,500
Debtors	2,20,000	2,11,000
Stock	1,00,000	1,26,000
Prepaid Expenses	11,000	21,000
Bills Receivable	10,000	10,500
Fixed Assets	6,35,000	6,50,000
	10,03,000	10,50,000

Liabilities & Capital	Amt(Rs.)	Amt(Rs.)
Share Capital	6,58,000	7,00,000
Long Term Debt	2,25,000	2,00,000
Sundry creditors	42,000	50,000
Other Liabilities	78,000	1,00,000
	10,03,000	10,50,000

The following is the Profit and Loss Account of Sun Ltd. for 2009 and 2010 Profit and Loss Account for the year ended 31st December.

Particulars	2009	2010	Particutars	2009	2010
To Cost of Sales	4,63,250	4,83,899	By Sales	7,21,456	8,34,250
To Administrative	46,531	54,137	Less Returns	11,588	13,903
Expenses				7,09,868	8,20,347
To Selling Expenses	91,823	1,15,632	By Other Incomes
To Interest Paid	4,275	3,500	Interest	3,795	2,620
To Loss on sale of			Discount	4,250	3,792
fixed items	1,254	350
To Income Tax	43,038	80,390	Profit on sale (Land)	3,000
To Net Profit	70,742	88,851
	7,20,913	8,26,759		7,20,913	8,26,75

Prepare the above data in a suitable comparative from book in absolute way and in common size.

From the following information, calculate trade percentages for Malar Ltd

Particulars	Rs. In lakhs
Particulars	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%

10.

Prepare common-size statement of financial position of Raheem Ltd as on 31^st March 2016 and 31^st March 2018.

Particulars	31st March 2016	31st March 2017
Particulars	Rs.	Rs.
I. Equity and liabilities
l. Shareholders fund
a. Share capital	5,00,000	6,00,000
b. Reserve and surplus	4,00,000	3,60,000
2. Non-current liabilities
Long-term borrowings	8,00,000	2,40,000
3. Current liabilities
Trade payables	30,000	-
Total	20,00,000	12,00,000
II. Assets
l. Non-current assets
a. Fixed assets	10,00,000	6,00,000
b. Non-current investments	5,00,000	2,40,000
2. Current assets
Inventories	3,00,000	1,20,000
Cash and cash equipments	2,00,000	2,40,000
Total	20,00,000	12,00,000

11.

From the following particulars of Vijay Ltd, prepare common size income statement for the year ended 31^st March 2017 and 31^st March 2018

12.

From the following balance sheet of Gupta ltd, prepare comparative balance sheet as on 31^stMarch 2017 and 31^stMarch 2018.

Particulars	31^st March 2017	31^stMarch 2018
Particulars	Rs.	Rs.
I. Equity and liabilities
shareholder's fund	2,00,000	5,20,000
Non-current liabilities	1,00,000	1,20,000
Current liabilities	50,000	60,000
Total	3,50,000	7,00,000
II. Assets
Non-current assets	2,00,000	4,00,000
Current assets	1,50,000	3,00,000
Total	3,50,000	7,00,000

13.

From the following particulars, prepare comparative income statement of Sivakami co Ltd

Particulars	2016-17 Rs.	2017-2018 Rs.
Revenue from operations	4,00,000	5,00,000
other income	1,00,000	80,000
Expenses	3,00,000	2,40,000

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Answers Key:

Generic 5

13 x 5 = 65

Particular	Rs.in lakhs			Trend percentages
	2015 -16	2016-17	2017 -18	2015-16	2016-17	2017..:. 18
Revenue from operation	100	120	160	100	120	160
Add: Other Income	20	24	20	100	120	100
Total Revenue	120	144	180	100	120	150
Less: Expnses	20	14	40	100	70	200
Profit before tax	100	130	140	100	130	140
Less: lncoine tax (30%)	30	39	42	100	130	140
Profit after tax	70	91	98	100	130	140

Common - size income statement of Siva Ltd
for the year ended 31st March, 2016 and 31st March, 2017

Particular	Absolute amount 2015-16	Percentage of revenue from operations for 2015 -16	Absolute Amount 2016-17	Percentage of revenue from operations for 2016 -17
	(Rs.)	(Rs.)	(Rs.)
Revenue from operation	2,00,000	100.00	3,00,000	100
Add: Other Income	25,000	12.50	75,000	25
Total Revenue	2,25,000	112.50	3,75,000	125
Less: Expenses	2,50,000	125.00	1,50,000	50
Profit \ loss before· Tax	-25,000	-12.50	2,25,000	75
Less: Income tax ( 40%)			90,000	30
Profit after tax	-25,000	-12.50	1,35,000	45

	1998	1999	Increase (+)or decrease (-) in 1999 over 1998
	Rs.	Rs.	Amount (Rs.)	Percentage %
Net Sales	10,00,000	12,00,00	+2,00,000	+20
Less: Cost of goods sold	5,50,000	6,05,000	+55,000	+10
Gross Profit (A)	4,50,000	5,95,000	+1,45,000	+32.22
Operation Expenses·:
Administration	80,000	1,00,000	+20,000	+25
Selling	60,000	80,000	+20,000	+33.33
Total operation expenses (B)	1,40,000	1,80,000	+40,000	28.57
Operating Profit.(A-B) = C	3,10,000	4,15,000	+1,05,000	+33.87
Non operating expneses	40,000	50,000	+10,000	+25
Interest	50,000	80,000	+30,000	+60
Total non-operating expenses (D)	90,000	1,30,000	+40,000	+44.444
Net Profit (C-D)	2,20,000	2,85,000	+65,000	+29.55

Trend Percentage (Base year 2005)

Year	Sales		Cost of goods sold		Profit before Tax(000)
	in (Rs.)	Trend %	.in Rs.	Trend %	in Rs.	Trend %
2005	600	100	360	100	120	100
2006	680	113	414	115	138	115
2007	840	140	512	142	186	155
2008	960	160	574	159	204	170
2009	1040	173	600	167	228	190
2010	1200	200	666	185	300	250

Year	Decrease/Increase (in%) (Base ear 2005)
2005	-
2006	+7
2007	+12
2008	+15
2009	+27
2010	-12.5

The above type of analysis cannot be regarded as good in the sense that it contains plus and minus signs. A better way will be to express the figures for each year a percentage to the value of base year.
b) Trend Rations

Year	Decrease/Increase (In % ) (Base year 2005)
2005	100
2006	107
2007	112
2008	115
2009	+27
2010	-12.5

Year	Decrease/Increase (In % ) (Base year 2005)
2005	100
2006	107
2007	112
2008	115
2009	127
2010	87.5

Calculation:
\(\frac{\text { Current Amount }}{\text { Base Amount }} \times 100\)

Compare Common - Size Balance Sheets

Particulars	A Ltd.	B Ltd
Assets:
Current Assets :
Cash	1.7	0.3
Debtors	19.1	10.0
Prepaid Expenses	0.8	0.2
Stock	10.0	13.6
Total Current Assets	31.6	24.1
Fixed Assets
Buildings	16.7	28.1
Machinery	50.0	46.9
Preliminary Expenses	1.7	0.9
Total Assets	100.0	100.0
Liabilities & Capital:
Current Liabilities
Creditors	15.2	6.3
Liability for Expenses	1.5	1.0
To Current Liabilities	16.7	7.3
Capital and Reserves:
Share Capital	75.0	90.6
Retained Earnings	8.3	2.1
Total Capital and Reserves	83.3	92.7
Total Liabilities and Capital	100.0	100.0

Comparative Common size Balance Sheet

Particulars	2009	2010
Assets:
Current Assets:
Cash	2.7	3.0
Debtors	21.9	20.1
Stock	10.0	12.0
Prepaid Expenses	1.1	2.0
Bills Receivable	1.0	1.0
Total Current Assets:	36.7	38.1
Fixed Assets	63.3	61.9
Total Assets	100.0	100.0
Liabilities & Capital:
Current Liabilities
Sundry creditors	4.2	4.8
Other Liabilities	7.8	9.5
Total Current Liabilities	12.0	14.3
Long Term Debt	22.4	19.0
Capital & Reserves	34.4	33.3
Share Capital	65.6	66.7
Total Liabilities and Capital	100.0	100.0

a) Comparative Profit and Loss Account

Particulars	2009(Rs.)	2010(Rs.)	Increase ( +)	Decrease ( -)
Sales.	7,21,456	8,34,250	+1,12,794	+15.7
Less: Returns	11,588	13,903	+2,315	+20.0
Less: cost of sales	7,09,868	8,20,347	+1,10,479	+15.6
Gross Margin	4,63,250	4,83,899	+20,649	+4.5
	2,46,618	3,36,448	+89,830	+36.4
Less: Administrative Expense	46,531	54,137	+7,606.	+16.3
Balance	2,00,087	2,82,311	+82,224	+41.0
Less: selling Expenses	91,823	1,15,632	+23,809	+25.9
Net Operating Profit	1,08,264	1,66,679	+58,415	+54.o·
Add: Other Incomes	11,045	6,412	-4,633	-42.0
	1,19,309	1,73,091	+53,782	+45.0
Less: Other Expenses	5,529	3,850	-1,679	-30.0
Net Profit before tax	1,13,780	1,69,241	+55,461	+48.7
Less: Tax	43,038	80,390	+37,352	+86.8
Net Profit After Tax	70,742	88,851	+17,109	+25.2

(b) Comparative Common size Profit and Loss Account

Particulars	Amount	%(Rs.)	Amount	%(Rs.)
Sales	7,21,456	101.6	8,34,250	101.7
Less: Returns	11,588	1.6	13,903	1.7
	7,09,868	100.0	8,20,347	100.0
Less: cost of sales	4,63,250	65.3	4,83,899	59.0
Gross Margin	2,46,618	34.7	3,36,448	41.0
Less: Administrative Expenses	46,531	6.5	54,137	6.6
Balance	2,00,087	28.2	2,82,311	34.4
Less: Selling Expenses	91,823	12.9	1,15,632	14.0
Net Operating Profit	1,08,264	15.3	1,66,679	20.4
Add: Other Incomes	1,19,309	16.9	1,73,091	21.1
Less: Other Expenses	5,529	0.8	3,850	0.5
Net Profit before tax	1,13,.780	16.1	1,69,241	20.6
Less: Income Tax	43,038	6.0	80,390	9.8
Net Profit After Tax	70,742	10.1	88,551	10.8

\(\frac{721456}{709868} \times 100=101.6\) \(\frac{11588}{709868} \times 100=1.6\)
\(\frac{834250}{820347} \times 100=101.7\) \(\frac{13903}{820347} \times 100=1.7\)
Year 2 : Share capital: 127% ; Reserves and surplus :100%

Trend analysis for Malar Ltd
Particular	Rs.In lakshs			Trends percentage
Particular	2015-16	2016-17	2017-18	2015-16	2016-17	2017-18
Revenue from operations	100	120	160	100	120	160
Add: other income	20	24	20	100	120	100
Total revenue	120	144	180	100	120	150
Less: Expenses	20	14	40	100	70	200
Profit before tax	100	130	140	100	130	140
Less: Income tax (30 %)	30	39	42	100	130	140
Profit after tax	70	91	98	100	130	140

10.

Common-size balance sheet of Raheem Ltd as on 31st March, 2016 and 31 st March, 2017
Particulars	Absolute amount on 31st March 2016	Percentage of total assets on 31st March 2016	Absolute amount on 31st March 2017	Percentage of total assets on 31st March 2017
Particulars	Rs.		Rs.	Percentage of total assets on 31st March 2017
I. Equity and liabilities
l. Shareholders fund
a. Share capital	5,00,000	25	6,00,000	50
b. Reserve and surplus	4,00,000	20	3,60,000	30
2. Non-current liabilities
Long-term borrowings	8,00,000	40	2,40,000	20
3. Current liabilities
Trade payables	30,000	15	-	-
Total	20,00,000	100	12,00,000	100
II. Assets
l. Non-current assets
a. Fixed assets	10,00,000	50	6,00,000	50
b. Non-current investments	5,00,000	25	2,40,000	20
2. Current assets
Inventories	3,00,000	15	1,20,000	10
Cash and cash equipments	2,00,000	10	2,40,000	20
Total	20,00,000	100	12,00,000	100

11.

Common-size income statement of Vijay Ltd for the year ended 3st March 2017 and 31st March 2018

Particulars	Absolute amount 2016-17	Percentage of revenue from operations for 2016-17	Absolute amount 2017-18	Percentage of revenue from operations for 2017-18
Particulars	Rs.	Rs.	Rs.
Revenue from operations	4,00,000	100	6,00,000	100
Add: other income	50,000	12.50	1,50,000	25
Total revenue	4,50,000	112.50	7,50,000	125
Less: Expenses	5,00,000	125	3,00,000	50
Profit / Loss before tax	- 50,000	- 12.50	10,50,000	125
Less: Income Tax (40 %)	-	-	4,20,000	70
Profit before tax	- 50,000	- 12.50	6,30,000	55

12.

Solution:

Comparative balance sheet of Gupta Ltd as on 31st March 2017 and 31st 1March 2018
Particulars	2016-17 (Rs.)	2017-18 (Rs.)	Absolute amount of increase (+) or decrease (-)	Percentage increase (+) or decrease (-)
	Rs.	Rs.	Rs.
I. Equity and liabilities
Shareholder's fund	2,00,000	5,20,000	+ 3,20,00	+ 160
Non-current liabilities	1,00,000	1,20,000	+ 20,000	+ 20
Current liabilities	50,000	60,000	+ 10,000	+20
Total	3,50,000	7,00,000	3,50,000	+ 100
II. Assets
Non-current assets	2,00,000	4,00,000	+ 2,00,000	+ 100
Current assets	1,50,000	3,00,000	+ 1,50,000	+ 100
Total	3,50,000	7,00,000	3,50,000	+ 100

13.

Comparative income statement of Sivakami Ltd for the years ended 31st March, 2017 and 31st March, 2018
Particulars	2016-17	2017-18	Absolute amount ofincrease of increase (+) or decrease (-)	Percentage increase (+) or decrease (-)
Particulars	Rs.	Rs.	Rs.	Percentage increase (+) or decrease (-)
Revenue from operations	4,00,000	5,00,000	+ 1,00,000	+ 25
Add: Other income	1,00,000	80,000	- 20,000	- 20
Total revenue	5,00,000	5,80,000	80,000	+16
Less: Expenses	3,00,000	2,40,000	- 60,000	- 20
Profit before tax	2,00,000	3,40,000	1,40,000	70%

Percentage increase for revenue from operations = \(\frac{1,00,000}{4,00,000}\) x 100 = 25%
Percentage decrease for other income = \(\frac{-20,000}{1,00,000}\) x 100 = -20%
Percentage increase for total revenue = \(\frac{10,80,000}{5,00,000}\) x 100 = 16%
Percentage increase for Expense = \(\frac{-60,000}{3,00,000}\) x 100 = 20%
Percentage increase for profit before tax = \(\frac{1,40,000}{2,00,000}\) x 100 = 70%