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12th Standard English Medium Accountancy Subject Financial Statement Analysis Book Back 2 Mark Questions with Solution Part - I

Published on: 02/06/2021

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Questions:

Generic 2

3 x 2 = 6

When is trend analysis preferred to other tools?

List the tools of financial statement analysis.

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

Generic 3

1 x 3 = 3

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

Generic 5

1 x 5 = 5

From the following particulars, prepare comparative balance sheet of Malar Ltd as on 31^st March 2016 and 31^st March 2017.
Particulars 31st March 2016 31st March 2017 RS. Rs. I EQUITY AND LIABILITIES 1. Shareholders’ fund a) Share capital 2,00,000 2,50,000 b) Reserves and surplus 50,000 50,000 2. Non-current liabilities Long-term borrowings 30,000 60,000 3. Current liabilities Trade payables 20,000 60,000 Total 3,00,000 4,20,000 II ASSETS 1. Non-current assets a) Fixed assets 1,00,000 1,50,000 b) Non - current investments 50,000 75,000 2. Current assets Inventories 75,000 1,50,000 Cash and cash equivalents 75,000 45,000 Total 3,00,000 4,20,000

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Answers Key:

Generic 2

3 x 2 = 6

Trend analysis refers to the study of movement of figures over a period. The trend may be increasing trend or decreasing trend or irregular. When data for more than two years are to be analysed, it may be difficult to use comparative statement.

Following are the commonly used tools of financial statement analysis
(i) Comparative statement
(ii) Common-size statement
(iii) Trend analysis
(iv) Funds flow analysis
(v) Cash flow analysis

Comparative income statement of Tharun Co. Ltd for the years ended 31^st March, 2017 and 31^st March, 2018
Particulars	2016-17	2017-18	Absolute amount of increase ( +) or decrease (–)	Percentage increase (+) or decrease (–)
	Rs.	Rs.	Rs.
Revenue from operations	2,00,000	2,50,000	+50,000	+25
Add: Other income	50,000	40,000	–10,000	–20
Total revenue	2,50,000	2,90,000	+40,000	+16
Less: Expenses	1,50,000	1,20,000	–30,000	–20
Profit before tax	1,00,000	1,70,000	+70,000	+70

Computation of percentage increase for revenue from operations
\(\cfrac { Absolute\ amount\ of\ increase\ or\ decrease }{ Year\ 1\ amount } \times 100=\cfrac { 50,000 }{ 2,00,000 } \times 100=25%\)

Generic 3

1 x 3 = 3

Comparative income statement of Mary Co. Ltd for the years ended 31^st March, 2016 and 31^st March, 2017
Particulars	2015-16	2016-17	Absolute amount of increase ( +) or decrease (–)	Percentage increase (+) or decrease (–)
	Rs.	Rs.	Rs.
Revenue from operations	4,00,000	5,00,000	+1,00,000	+25
Less: Operating expenses	2,00,000	1,80,000	–20,000	–10
Profit before tax	2,00,000	3,20,00	+1,20,000	+60
Less: Income tax	40,000	1,60,000	+1,20,000	+300
Profit after tax	1,60,000	1,60,00

Calculation of income tax:
For 2015 - 16: 2,00,000 \(\times\) 20% = Rs 40,000
For 2016 - 17: 3,20,000 \(\times\) 50% = Rs.1,60,000

Generic 5

1 x 5 = 5

Comparative balance sheet of Malar Ltd as on 31^st March 2016, and 31^st March 2017 Particulars 2015-16 2016-17 Absolute amount
of increase ( +)
or decrease (–) Percentage
increase (+) or
decrease (–) Rs. Rs. I EQUITY AND LIABILITIES 1. Shareholders’ Fund a) Share capital 2,00,000 2,50,000 +50,000 +25 b) Reserves and surplus 50,000 50,000 2. Non-current liabilities Long-term borrowings 30,000 60,000 +30,000 +100 3. Current liabilities Trade payables 20,000 60,000 +40,000 +200 Total 3,00,000 4,20,000 +1,20,000 +40 II ASSETS 1. Non-current assets a) Fixed assets 1,00,000 1,50,000 +50,000 +50 b) Non-current investments 50,000 75,000 +25,000 +50 2. Current assets Inventories 75,000 1,50,000 +75,000 +100 Cash and cash equivalents 75,000 45,000 –30,000 –40 Total 3,00,000 4,20,000 +1,20,000 +40