List of top Accountancy Questions on Balance sheet statement asked in CBSE CLASS XII

From the following information, prepare a Comparative Statement of Profit and Loss of Y Ltd.: % Table for Profit and Loss \[ \begin{array}{|c|c|c|} Particulars & 31.03.2023 (\( \text{\rupee} \)) & 31.03.2022 (\( \text{\rupee} \))
\text{Revenue from operations} & 40,00,000 & 32,00,000
\text{Purchase of stock-in-trade} & 24,00,000 & 20,00,000
\text{Change in inventories (25\% of purchase)} & 6,00,000 & 5,00,000
\text{Other expenses} & 2,00,000 & 1,60,000
\text{Tax rate} & 40\% & 40\%
\end{array} \]

Following is the Balance Sheet of Bharat Gas Ltd. as at 31.3.2023: % Table for Balance Sheet \[ \begin{array}{|c|c|c|c|} Particulars & Note No. & 31.03.2023 (\( \text{\rupee} \)) & 31.03.2022 (\( \text{\rupee} \))
\multicolumn{4}{|c|}{I. Equity and Liabilities}
\text{Shareholders' Funds} & & &
\quad (a) \, \text{Share Capital} & & 14,00,000 & 10,00,000
\quad (b) \, \text{Reserves and Surplus} & 1 & 5,00,000 & 4,00,000
\text{Non-Current Liabilities} & & &
\quad \text{Long Term Borrowings} & & 5,00,000 & 4,00,000
\text{Current Liabilities} & & &
\quad (a) \, \text{Trade Payables} & & 1,00,000 & 60,000
\quad (b) \, \text{Short Term Provisions} & 2 & 80,000 & 60,000
Total & & 25,80,000 & 16,60,000
\multicolumn{4}{|c|}{II. Assets}
\text{Non-Current Assets} & & &
\quad (a) \, \text{Tangible Assets} & 3 & 16,00,000 & 9,00,000
\quad (b) \, \text{Intangible Assets} & 4 & 1,40,000 & 2,00,000
\text{Current Assets} & & &
\quad (a) \, \text{Inventories} & & 2,50,000 & 2,00,000
\quad (b) \, \text{Trade Receivables} & & 5,00,000 & 3,00,000
\quad (c) \, \text{Cash and Cash Equivalents} & & 90,000 & 60,000
Total & & 25,80,000 & 16,60,000
\end{array} \] % Notes to Accounts Notes to Accounts: \[ \begin{array}{|c|l|c|c|} Note No. & Particulars & 31.03.2023 (\( \text{\rupee} \)) & 31.03.2022 (\( \text{\rupee} \))
1 & \text{Reserves and Surplus:} & &
& \quad \text{Balance in Statement of Profit and Loss} & 5,00,000 & 4,00,000
2 & \text{Short Term Provisions:} & &
& \quad \text{Provision for Taxation} & 80,000 & 60,000
3 & \text{Tangible Assets:} & &
& \quad \text{Machinery (Gross)} & 18,50,000 & 10,00,000
& \quad \text{Less: Accumulated Depreciation} & 16,00,000 & 9,00,000
4 & \text{Intangible Assets:} & &
& \quad \text{Goodwill} & 1,40,000 & 2,00,000
\end{array} \] % Adjustments Adjustments: During the year, a machine costing \( \text{\rupee} 3,00,000 \), on which accumulated depreciation was \( \text{\rupee} 45,000 \), was sold for \( \text{\rupee} 1,35,000 \). Calculate ‘Cash Flows from Operating Activities’.

A business has a current ratio of 3:1 and quick ratio of 1.2:1. If working capital is \rupee 1,80,000, calculate total current assets and inventory.

From the following information prepare a Comparative Statement of Profit and Loss of Y Ltd.: \[ \begin{array}{|l|r|r|} \hline \textbf{Particulars} & \textbf{31.3.2023 (\text{₹})} & \textbf{31.3.2022 (\text{₹})} \\ \hline \text{Revenue from operations} & 40,00,000 & 20,00,000 \\ \text{Purchase of stock in trade} & 24,00,000 & 12,00,000 \\ \text{Change in inventories (\% of purchase of stock in trade)} & 25\% & 20\% \\ \text{Other expenses} & 2,00,000 & 1,60,000 \\ \text{Tax rate} & 40\% & 40\% \\ \hline \end{array} \]

Following is the Balance Sheet of Bharat Gas Ltd. as at 31.3.2023: Balance Sheet of Bharat Gas Ltd. as at 31.3.2023 \[ \begin{array}{|l|c|r|r|} \hline \textbf{Particulars} & \textbf{Note No.} & \textbf{31.3.2023 (\text{₹})} & \textbf{31.3.2022 (\text{₹})} \\ \hline \multicolumn{4}{|l|}{\textbf{I. Equity and Liabilities:}} \\ 1. \text{Shareholders’ funds} & & & \\ \text{(a) Share capital} & & 14,00,000 & 10,00,000 \\ \text{(b) Reserves and Surplus} & 1 & 5,00,000 & 4,00,000 \\ 2. \text{Non-current liabilities} & & & \\ \text{Long-term borrowings} & & 5,00,000 & 1,40,000 \\ 3. \text{Current liabilities} & & & \\ \text{(a) Trade payables} & & 1,00,000 & 60,000 \\ \text{(b) Short-term provisions} & 2 & 80,000 & 60,000 \\ \textbf{Total liabilities} & & \textbf{25,80,000} & \textbf{16,60,000} \\ \hline \multicolumn{4}{|l|}{\textbf{II. Assets:}} \\ 1. \text{Non-current assets} & & & \\ \text{(a) Fixed assets} & & & \\ \text{(i) Tangible assets} & 3 & 16,00,000 & 9,00,000 \\ \text{(ii) Intangible assets} & 4 & 1,40,000 & 2,00,000 \\ 2. \text{Current assets} & & & \\ \text{(a) Inventories} & & 2,50,000 & 2,00,000 \\ \text{(b) Trade receivables} & & 1,90,000 & 80,000 \\ \text{(c) Cash and cash equivalents} & & 3,00,000 & 2,80,000 \\ \textbf{Total assets} & & \textbf{25,80,000} & \textbf{16,60,000} \\ \hline \end{array} \]

Notes to Accounts: \[ \begin{array}{|c|l|r|r|} \hline \textbf{Note No.} & \textbf{Particulars} & \textbf{31.3.2023 (\text{₹})} & \textbf{31.3.2022 (\text{₹})} \\ \hline 1 & \text{Reserves and Surplus:} & & \\ & \text{Balance in Statement of Profit and Loss} & 5,00,000 & 4,00,000 \\ 2 & \text{Short-term provisions:} & & \\ & \text{Provision for Taxation} & 80,000 & 60,000 \\ 3 & \text{Tangible Assets:} & & \\ & \text{Machinery} & 18,50,000 & 10,00,000 \\ & \text{Less: Accumulated Depreciation} & 16,00,000 & 9,00,000 \\ 4 & \text{Intangible Assets:} & & \\ & \text{Goodwill} & 1,40,000 & 2,00,000 \\ \hline \end{array} \]

Adjustments:

During the year, a machine costing ₹3,00,000 on which accumulated depreciation was ₹45,000 was sold for ₹1,35,000.

Prepare a Common Size Balance Sheet of X Ltd. from the following information: Balance Sheet of X Ltd. as on 31\textsuperscript{st March, 2023} \begin{center} \begin{tabular}{|l|c|r|r|} Particulars & Note No. & 31.3.2023 (\rupee) & 31.3.2022 (\rupee)
\multicolumn{4}{|l|}{I. Equity and Liabilities:}
Shareholders’ funds & & &
(a) Equity Share Capital & & 30,00,000 & 15,00,000
(b) Reserves and Surplus & & 10,00,000 & 5,00,000
Non-current liabilities & & 20,00,000 & 15,00,000
Current liabilities & & 20,00,000 & 15,00,000
Total liabilities & & 80,00,000 & 50,00,000
\multicolumn{4}{|l|}{II. Assets:}
Non-current assets & & 40,00,000 & 30,00,000
Current assets & & &
(a) Inventories & & 40,00,000 & 20,00,000
Total assets & & 80,00,000 & 50,00,000
\end{tabular} \end{center}

Under which Major Heads and Sub-Heads (if any) will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013: Design Unpaid dividend Capital work-in-progress

Prepare a Common Size Balance Sheet of X Ltd. from the following information: Balance Sheet of X Ltd. as on 31\textsuperscript{st March, 2023} \begin{center} \begin{tabular}{|l|c|r|r|} Particulars & Note No. & 31.3.2023 & 31.3.2022
\multicolumn{4}{|l|}{I. Equity and Liabilities:}
1.Shareholders’ funds & & &
(a) Equity Share Capital & & 30,00,000 & 15,00,000
(b) Reserves and Surplus & & 10,00,000 & 5,00,000
2.Non-current liabilities & & 20,00,000 & 15,00,000
3.Current liabilities & & 20,00,000 & 15,00,000
Total liabilities & & 80,00,000 & 50,00,000
\multicolumn{4}{|l|}{II. Assets:}
1.Non-current assets & & 40,00,000 & 30,00,000
2.Current assets & & &
(a) Inventories & & 40,00,000 & 20,00,000
Total assets & & 80,00,000 & 50,00,000
\end{tabular} \end{center}

From the following information prepare a Comparative Statement of Profit and Loss of Y Ltd.: \begin{center} \begin{tabular}{|l|r|r|} Particulars & 31.3.2023 & 31.3.2022
Revenue from operations & 40,00,000 & 20,00,000
Purchase of stock in trade & 24,00,000 & 12,00,000
Change in inventories (\% of purchase of stock in trade) & 25\% & 20\%
Other expenses & 2,00,000 & 1,60,000
Tax rate & 40\% & 40\%
\end{tabular} \end{center}

Following is the Balance Sheet of Bharat Gas Ltd. as at 31.3.2023: Balance Sheet of Bharat Gas Ltd. as at 31.3.2023 \begin{center} \begin{tabular}{|l|c|r|r|} Particulars & Note No. & 31.3.2023 & 31.3.2022
\multicolumn{4}{|l|}{I. Equity and Liabilities:}
1. Shareholders’ funds & & &
(a) Share capital & & 14,00,000 & 10,00,000
(b) Reserves and Surplus & 1 & 5,00,000 & 4,00,000
2. Non-current liabilities & & &
Long-term borrowings & & 5,00,000 & 1,40,000
3. Current liabilities & & &
(a) Trade payables & & 1,00,000 & 60,000
(b) Short-term provisions & 2 & 80,000 & 60,000
Total liabilities & & 25,80,000 & 16,60,000
\multicolumn{4}{|l|}{II. Assets:}
1. Non-current assets & & &
(a) Fixed assets & & &
(i) Tangible assets & 3 & 16,00,000 & 9,00,000
(ii) Intangible assets & 4 & 1,40,000 & 2,00,000
2. Current assets & & &
(a) Inventories & & 2,50,000 & 2,00,000
(b) Trade receivables & & 1,90,000 & 80,000
(c) Cash and cash equivalents & & 3,00,000 & 2,80,000
Total assets & & 25,80,000 & 16,60,000
\end{tabular} \end{center} Notes to Accounts: \begin{center} \begin{tabular}{|c|l|r|r|} Note No. & Particulars & 31.3.2023 & 31.3.2022
1 & Reserves and Surplus: & &
& Balance in Statement of Profit and Loss & 5,00,000 & 4,00,000
2 & Short-term provisions: & &
& Provision for Taxation & 80,000 & 60,000
3 & Tangible Assets: & &
& Machinery & 18,50,000 & 10,00,000
& Less: Accumulated Depreciation & 16,00,000 & 9,00,000
4 & Intangible Assets: & &
& Goodwill & 1,40,000 & 2,00,000
\end{tabular} \end{center} Adjustments: During the year, a machine costing \rupee 3,00,000 on which accumulated depreciation was \rupee 45,000 was sold for \rupee 1,35,000. Calculate 'Cash Flows from Operating Activities'