AHSEC Accountancy Question Bank: Analysis of Financial Statements for Upcoming Exam

AHSEC CLASS 12
ACCOUNTANCY QUESTION BANK

UNIT – 9 Analysis of Financial Statements Practical Problems

Q.1. From the following Balance Sheet as at 31st March, 2019 and 2020, prepare Comparative and Common Size Balance Sheet:

Particulars

2019 (Rs.)

2020 (Rs.)

I. EQUITY AND LIABILITIES

1.       Shareholder’s Funds

a)      Share Capital

b)      Reserve and Surplus

2.       Non-Current Liabilities

Long-term Borrowings (12% Debentures)

3.       Current Liabilities (Trade Payables)

 

7,50,000

4,50,000

 

7,50,000

3,00,000

 

15,00,000

3,00,000

 

12,00,000

6,00,000

Total

22,50,000

36,00,000

II. ASSETS

1.       Non-Current Assets

Fixed Assets

2.       Current Assets

 

15,00,000

7,50,000

 

22,50,000

13,50,000

Total

22,50,000

36,00,000

[Percentage Change: Share Capital 100%; Reserves (33.33%); Loan 60%; Current Liabilities 100%; Fixed Assets 50%; Current Assets 80%]

Q.2. From the following Balance Sheets as at 31at March, 2019 and 2020, prepare Comparative and Common size Balance Sheet:

Particulars

2019 (Rs.)

2020 (Rs.)

I. EQUITY AND LIABILITIES

1.       Shareholder’s Funds

a)      Share Capital

b)      Reserve and Surplus

2.       Non-Current Liabilities  - Long-term Borrowings (12% Loan)

3.       Current Liabilities

a)      Short-term Borrowings

b)      Trade Payables

c)       Short-term Provisions

 

7,50,000

4,50,000

7,50,000

1,75,000

1,00,000

25,000

 

15,00,000

3,00,000

12,00,000

3,50,000

2,00,000

50,000

Total

22,50,000

36,00,000

II. ASSETS

1.       Non-Current Assets

Fixed Assets (Tangible)

2.       Current Assets

a)      Inventories

b)      Trade Receivables

c)       Cash and Cash Equivalents

 

15,00,000

 

2,50,000

4,50,000

50,000

 

22,50,000

 

4,50,000

8,00,000

1,00,000

Total

22,50,000

36,00,000

[Percentage change: Share Capital 100%; Reserves (33.33%); Loan 60%; Current Liabilities: Short-term Borrowings 100%; Trade Payables 100%; Short-term Provisions 100%; Current Assets 80%; Fixed Assets 50%; Total 60%]

Q.3. Prepare Comparative and common size Income Statement from the following Statement of Profit and Loss:

Particulars

2019 (Rs.)

2020 (Rs.)

I. Income

Revenue from Operations (Sales)

 

3,00,000

 

3,50,000

II. Expenses

Purchase of Stock-in-Trade

Changes in Inventories of Stock-in-Trade

Employees Benefit Expenses

Other Expenses

 

1,80,000

20,000

15,000

5,000

 

2,10,000

15,000

17,500

7,500

Total

2,20,000

2,50,000

III. Net Profit (I – II)

80,000

1,00,000

Q.4. Prepare Comparative Income Statement from the following Statement of Profit and Loss:

Particulars

2019 (Rs.)

2020 (Rs.)

I. Income

Revenue from Operations (Sales)

 

2,50,000

 

3,00,000

II. Expenses

Cost of Materials Consumed

Changes in Inventories of WIP and Finished Goods

Employees Benefit Expenses (Wages)

Other Expenses

 

1,00,000

5,000

25,000

20,000

 

1,20,000

(2,000)

30,000

22,000

Total

1,50,000

1,70,000

III. Net Profit (I – II)

1,00,000

1,30,000

Q. 5. Prepare a comparative income Statements of Sunny Ltd. with the help of the following information.   (5)   2012

Particulars

2011 (Rs)

2012 (Rs)

Sales

Cost of Goods sold

Administrative expenses

Income Tax

6,00,000

40% of sales

20% of gross profit

50%

 8,00,000

 50% of Sales

 15% of gross profit

50%

Q. 6. Prepare a Comparative Income Statement from the following particulars:              5           2019

Particulars

2017 (Rs.)

2018 (Rs.)

Sales

Cost of Goods Sold

Administrative Expenses

Other Income

Income Tax

4,00,000

2,00,000

40,000

20,000

60,000

5,00,000

3,00,000

1,00,000

30,000

70,000

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ALSO READ (AHSEC ASSAM BOARD CLASS 12):

1. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE NOTES

2. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION (THEORY)

3. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION BANK (PRACTICAL)

4. AHSEC CLASS 12 ACCOUNTANCY PAST EXAM PAPERS (FROM 2012 TILL DATE)

5. AHSEC CLASS 12 ACCOUNTANCY SOLVED QUESTION PAPERS (FROM 2012 TILL DATE)

6. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE MCQS

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Q.7.Prepare a common size Income Statement from the following information:          5           2020

 

(Rs.)

Sales

Cost of Goods Sold

Operating Expenses

Depreciation

Income from Investment

Income Tax

5,00,000

3,78,000

62,500

22,000

70,000

32,500

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