State any one limitation of 'Analysis of Financial Statements'.
Analysis of Financial Statements suffers from certain limitations and they are:
a) It is only a study of interim report.
b) It ignores non-monetary factors.
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State any one limitation of 'Analysis of Financial Statements'.
Analysis of Financial Statements suffers from certain limitations and they are:
a) It is only a study of interim report.
b) It ignores non-monetary factors.
From the following 'Statement of Profit & Loss' for the year ended 31st March, 2013, prepare a 'Comparative Statement of Profit & Loss' of Good Service Ltd.
Particulars |
Note No. |
2012-2013 |
2011-2012 |
Revenue from operations |
|
20,00,000 |
15,00,000 |
Rate of income tax was 50%.
Following is the Income statements of Raj Ltd. For the year ended 31-3-2011:
Particulars |
Amount Rs |
Income: |
|
Sales |
2,00,000 |
Other Incomes |
15,000 |
Total Income |
2,15,000 |
|
|
Expenses: |
|
Cost of goods sold |
1,10,000 |
Operating expenses |
5,000 |
Total Expenses |
1,15,000 |
Tax |
40,000 |
Prepare a common size Income Statements of Raj Ltd. for the year ended 31-3-2011.
From the following Balance Sheets of Sonam Ltd as on 31-3-2012 and 31-3-2011.
Prepare a Cash Flow Statements:
Liabilities |
31-3-2011 Rs |
31-3-2011 Rs |
Assets |
31-3-2011 Rs |
31-3-2011 Rs |
Equity Shares Capital Profit and Loss Account Bank Loan Proposed Dividend Provision for tax Creditors |
1,00,000
25,000
50,000 20,000
10,000 15,000
|
1,50,000
50,000
25,000 15,000
17,500 11,250 |
Patents Building Investment Debtors Stock Cash
|
12,500 1,50,000 - 50,000 2,500 5,000 |
11,250 1,50,000 18,750 3,750 21,250 |
|
|
||||
2,20,000 |
2,68,750 |
|
2,20,000 |
2,68,750 |
|
|
|
|
|
Additional Information:
During the year a Building having book value Rs 50,000 was sold at a loss of Rs 2,000 and depreciation charged on Building was Rs 4,000.
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