CBSE 2022 · Region 3 · Set 3 · Q11

From the following Statement of Profit and Loss of GG Ltd., prepare a 'Common Size Statement of Profit and Loss' as on $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$ : $\displaystyle 2021$-$\displaystyle 22$ $\displaystyle 2020$-$\displaystyle 21$ Particulars ($\displaystyle 0$) ($\displaystyle 0$ Revenue from operation $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ Other Income $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ Expenses $\displaystyle 15,00,000$ $\displaystyle 8,00,000$ Tax Rate $\displaystyle 50$%

OR

From the following Balance Sheet of CC Ltd., prepare a 'Comparative Balance Sheet as at $\displaystyle 31$ March, $\displaystyle 2022$ : Particulars $\displaystyle 31.3.2022$ $\displaystyle 31.3.2021$ ($\displaystyle 0$ ($\displaystyle 2$) I. EQUITY AND LIABILITIES : 1. Shareholders Funds : (a) Share Capital $\displaystyle 6,00,000$ $\displaystyle 3,00,000$ (b) Reserve and Surplus $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ 2. Non-Current Liabilities : Longterm Borrowings $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ 3. Current Liabilities $\displaystyle 3,00,000$ $\displaystyle 1,50,000$ Total : $\displaystyle 15,00,000$ $\displaystyle 7,50,000$ II. ASSETS : 1. NonCurrent Assets : Fixed Assets $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ 2. Current Assets $\displaystyle 7,00,000$ $\displaystyle 3,50,000$ Total : $\displaystyle 15,00,000$ $\displaystyle 7,50,000$