Prepare a 'Common size statement of Profit and Loss' for the year ended $\displaystyle 31$*' March, $\displaystyle 2021$ from the following informations : Particulars $\displaystyle 2020$-$\displaystyle 21$ $\displaystyle 2019$-$\displaystyle 20$ a) ($\displaystyle 2$) Revenue from Operations $\displaystyle 40,00,000$ $\displaystyle 20,00,000$ Purchase of Stock in trade $\displaystyle 4,00,000$ $\displaystyle 1,00,000$ Other expenses $\displaystyle 6,00,000$ $\displaystyle 3,00,000$ Tax Rate $\displaystyle 50$%

OR

From the following Balance Sheet of Ganesh Ltd. as at March $\displaystyle 31$, $\displaystyle 2021$, prepare a Comparative Balance Sheet : Particulars Note $\displaystyle 31.03.2021$ $\displaystyle 31.03.2020$ No. ($\displaystyle 0$ <$\displaystyle 0$ I. Equity and Liabilities : 1. Shareholder's Funds : Share Capital $\displaystyle 15,00,000$ $\displaystyle 12,00,000$ 2. NonCurrent Liabilities : Long term borrowings $\displaystyle 10,00,000$ $\displaystyle 8,00,000$ Total $\displaystyle 25,00,000$ $\displaystyle 20,00,000$ II. Assets : 1. Non Cunent Assets : Fixed Assets Tangible Assets $\displaystyle 15,00,000$ $\displaystyle 10,00,000$ 2. Current Assets $\displaystyle 10,00,000$ $\displaystyle 10,00,000$ Total $\displaystyle 25,00,000$ $\displaystyle 20,00,000$

Common Size Statement of Profit and Loss for the years ended March $\displaystyle 31$, $\displaystyle 2020$ and $\displaystyle 2021$ Particulars Note Absolute Absolute % of % of No Amounts Amounts Revenue Revenue from from 31st 31st Operati Operation March, March, ons 31st $\displaystyle 2020$ $\displaystyle 2021$ 31st March, (₹) (₹) March, $\displaystyle 2020$ $\displaystyle 2021$ Revenue from $\displaystyle 20,00,000$ $\displaystyle 40,00,000$ $\displaystyle 100$ $\displaystyle 100$ Operations Less : Expenses Purchase of Stock- $\displaystyle 1,00,000$ $\displaystyle 4,00,000$ $\displaystyle 5$ $\displaystyle 10$ in-Trade Other Expenses $\displaystyle 3,00,000$ $\displaystyle 6,00,000$ $\displaystyle 15$ $\displaystyle 15$ Total expenses $\displaystyle 4,00,000$ $\displaystyle 10,00,000$ $\displaystyle 20$ $\displaystyle 25$ Profit before tax $\displaystyle 16,00,000$ $\displaystyle 30,00,000$ $\displaystyle 80$ $\displaystyle 75$ Less : Tax @ $\displaystyle 50$% ($\displaystyle 8,00,000$) ($\displaystyle 15,00,00$ $\displaystyle 40$ $\displaystyle 37.5$ $\displaystyle 0$) Profit after Tax $\displaystyle 8,00,000$ $\displaystyle 15,00,000$ $\displaystyle 40$ $\displaystyle 37.5$ Q. From the following Balance Sheet of Ganesh Ltd…… Ans Comparative Balance Sheet for the years ended on March $\displaystyle 31$, $\displaystyle 2020$ and $\displaystyle 2021$ Particulars Not $\displaystyle 2019$–$\displaystyle 20$ $\displaystyle 2020$–$\displaystyle 21$ Absolute % e (₹) (₹) Change No Change I. Equity and Liabilities $\displaystyle 12,00,000$ $\displaystyle 15,00,000$ $\displaystyle 3,00,000$ $\displaystyle 25$ 1.Shareholder’s Fund 2.Non-Current $\displaystyle 8,00,000$ $\displaystyle 10,00,000$ $\displaystyle 2,00,000$ $\displaystyle 25$ Liabilities Total $\displaystyle 20,00,000$ $\displaystyle 25,00,000$ $\displaystyle 5,00,000$ $\displaystyle 25$ II. Assets 1.Non-Current Assets: Fixed Assets $\displaystyle 10,00,000$ $\displaystyle 15,00,000$ $\displaystyle 5,00,000$ $\displaystyle 50$ Tangible Assets $\displaystyle 10,00,000$ $\displaystyle 10,00,000$ - - 2. Current Assets Total $\displaystyle 20,00,000$ $\displaystyle 25,00,000$ $\displaystyle 5,00,000$ $\displaystyle 25$