From the following Balance Sheet of J.J. Ltd. prepare a Comparative Balance Sheet as at 31.3.2022: J.J. Ltd. Balance Sheet as at 31.3.2022 Particulars Note No. 31.03.2022₹ 31.03.2021₹ I Equity and Liabilities: Shareholders’ Funds (a) Equity Share Capital 25,00,000 20,00,000 (b) Reserves and Surplus 5,00,000 4,00,000 2. Non-Current Liabilities Long-term Borrowings 10,00,000 10,00,000 3. Current … Read more
From the following information, prepare a “Common Size Statement of Profit and Loss’ of KK Ltd. for the year ended 31.3.2021 and 31.3.2022: Particulars Note No. 2021-22₹ 2020-21₹ Revenue from Operations 20,00,000 15,00,000 Other Income 2,00,000 1,50,000 Expenses 4,00,000 3,00,000 Tax Rate @ 50% Marks-3, CBSE:2021-22/Term-2/Zone-3/Set-1/Q-11* Answer : Back
From the following Balance Sheet of Avinash Ltd. as on 31st March, 2021, prepare a Comparative Balance Sheet: Balance Sheet of Avinash Ltd. as at 31st March, 2021 Particulars Note No. 31.03.2021₹ 31.03.2020₹ I Equity and Liabilities: Shareholders’ Funds Share Capital 30,00,000 20,00,000 2. Non-Current Liabilities Long-term Borrowings – – 3. Current Liabilities Trade Payables … Read more
From the following information of Shruti Ltd, prepare Comparative Statement of Profit and Loss: Particulars Note No. 2020-21₹ 2019-20₹ Revenue from Operations 15,00,000 10,00,000 Expenses 3,00,000 2,00,000 Tax Rate 30% Marks-3, CBSE:2021-22/Term-2/Zone-2/Set-1/Q-11* Answer : Back
Prepare a Common Size statement of Profit and Loss’ of Birla Ltd. for the year ended 31st March, 2021 from the following information: Particulars Note No. 2020-21₹ 2019-20₹ Revenue from Operations 20,00,000 10,00,000 Purchase of Stock-in-trade 4,00,000 2,00,000 Other Expenses 40,000 20,000 Tax Rate @ 50% Marks-3, CBSE:2021-22/Term-2/Zone-1/Set-1/Q-11* Answer : Back
From the following information, prepare Comparative statement of Profit and Loss for the year ended 31st March 2021. Particulars Note No. 2020-21₹ 2019-20₹ Revenue from Operations 4,00,000 2,00,000 Other Income 80,000 40,000 Expenses – 50% of Revenue from Operations Tax Rate 50% Marks-3, CBSE:2021-22/Term-2/Zone-1/Set-1/Q-11* Answer : Back
From the following Balance Sheets of Vinayak Ltd. as at 31st March,2021, Prepare a Common-size Balance Sheet.. Vinayak Ltd. Balance Sheet as on 31st March, 2021 Particulars Note no. 31.3.2021(₹) 31.3.2020(₹) I EQUITY AND LIABILITIES 1. Shareholder’s Funds: a. Share Capital 30,50,000 20,00,000 b. Reserve and Surplus 2,80,000 6,00,000 2. Current Liabilities: a. Trade Payable … Read more
From the following details provided by Kumud Ltd., prepare Comparative Statement of Profit & Loss for the year ended 31st March 2021: Particulars 31.03.20 (₹) 31.03.21 (₹) Revenue from operations Other Income Cost of materials Consumed Other Expenses Tax rate 30,00,000 3,00,000 20,00,000 1,00,000 40% 35,00,000 4,50,000 23,00,000 1,20,000 40% Marks-3, CBSE:2021-22/Term-2/Sample/Q-11* Answer : Back
From the following Balance Sheet of R Ltd., Prepare a Common Size Statement Balance Sheet of R Ltd. (as at 31st March,2020). Particulars Note No. 31st March, 2019₹ 31st March, 2020₹ Equity and Liabilities Shareholder’s Funds Share Capital 2,50,000 2,00,000 Reserves and Surplus 80,000 60,000 Current Liabilities Trade Payables 70,000 40,000 Total 4,00,000 3,00,000 Assets … Read more
Prepare a comparative Statement of Profit and Loss from the following: Particulars 31st March, 2019₹ 31st March, 2020₹ Revenue from Operations 20,00,000 25,00,000 Cost of Material Consumed 10,00,000 13,00,000 Other Expenses Nil 1,20,000 Tax rate 50% 50% Marks-4, CBSE:2020-21/Sample/Q-31* Answer : Back