Question - 14 (A)

From the following information prepare a comparative statement for the year ended 31st March 2008 and 31st march 2009 :

2008

Sales Rs. 2,40,000, Cost of goods sold Rs. 1,40,000, Indirect exp. Rs. 40,000, Provision for tax Rs. 12,000.

2009

Sales Rs. 3,00,000, Cost of goods sold Rs. 1,50,000, Indirect exp. Rs. 50,000, Provision for tax Rs. 20,000.

Question - 14 (B)

Prepare comparative Balance sheet from the following informations:

2017

Equity share capital Rs. 2,50,000, Fixed Assets Rs. 3,00,000, Reserve and surplus Rs. 50,000, Investments Rs. 50,000, Long term Borrowings Rs. 1,50,000, Current Assets Rs. 1,50,000, Current Liabilities Rs. 50,000.

2018

Equity share capital Rs. 2,50,000, Fixed Assets Rs. 3,60,000, Reserve and surplus Rs. 60,000, Investments Rs. 50,000, Long term Borrowings Rs. 1,50,000, Current Assets Rs. 1,05,000, Current Liabilities Rs. 55,000.

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