Page 387 - VIRANSH COACHING CLASSES

6. Prepare comparative Income Statement of Sourabh Limited for the year ended 31.3.17
and 31.3.18

Particulars 31.3.17 (`) 31.3.18 (`)
Sales 4,00,000 6,00,000
Indirect Expenses 16,000 24,000
Cost of Sales 24,000 56,000
Income Tax 50% 50%
7. Following is the Balance Sheet of Sakshi Traders for the year ended 31.3.17 and 31.3.18

Liabilities 31.3.17 31.3.18 Assets 31.3.17 31.3.18
(`) (`) (`) (`)
Equity Share Capital 80,000 80,000 Fixed Assets 1,20,000 1,44,000
Pref. Share Capital 20,000 20,000 Investment 20,000 20,000
Reserve & Surplus 20,000 24,000 Current Assets 60,000 48,000
Secured Loan 40,000 16,000
Unsecured Loan 20,000 36,000
Current Liabilities 20,000 36,000
2,00,000 2,12,000 2,00,000 2,12,000

Prepare common size Balance-Sheet for the year 31.3.17 and 31.3.18
8. Prepare common size Income Statement for the year ended 31.3.17 and 31.3.18

Particulars 31.3.17 (`) 31.3.18 (`)
Sales 2,00,000 2,50,000
Cost of goods sold 1,50,000 1,70,000
Office and Administrative Expenses 4,000 6,000
Selling and Distubution Expenses 6,000 1,000

9. Following is the Balance Sheet of Sakshi Limited. Prepare cashflow statement.:

Liabilities 31.3.17 31.3.18 Assets 31.3.17 31.3.18
(`) (`) (`) (`)
Share Capital 2,00,000 3,00,000 Cash 20,000 30,000
Creditors 60,000 90,000 Debtors 1,40,000 2,50,000
Profit and Loss A/c 40,000 70,000 Stock 80,000 70,000
Land 60,000 1,10,000
3,00,000 4,60,000 3,00,000 4,60,000
Answer 1) Cash flow from Operational Activities ` 30,000

2) Cash flow from Investing Activies (Land) ` 5,000
3) Cash flow from Financing Activities ` 1,00,000

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