XII ACCOUNTANCY HOLIDAY HOMEWORK 2024-25.pptx

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1. KENDRIYA VIDYALAYA NO. 3 9BRD HOLIDAY HOMEWORK ACCOUNTANCY   Particulars Note No. 31st March, 2019 31st March, 2018 I. EQUITY AND LIABILITIES1.   Shareholder's Funds       (a) Share Capital   3,50,000 3,00,000 2. Non-Current Liabilities       Long-term Borrowings   1,00,000 2,00,000 3. Current Liabilities :       Trade Payables   1,50,000 1,00,000 Total   6,00,000 6,00,000 II. ASSETS       1. Non-Current Assets       Fixed Assets (Tangible)   4,00,000 3,00,000 2. Current Assets       Trade Receivables   2,00,000 3,00,000 Total   6,00,000 6,00,000         .: Question 1: From the following Balance Sheet, prepare Comparative and common size Balance Sheet of Sun Ltd.:

2. Question 2: Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019: Particulars Note No. 31st March, 2019, (₹) 31st March, 2018, (₹) I. EQUITY AND LIABILITIES 1.   Shareholders' Funds       (a) Share Capital   15,00,000 10,00,000 (b) Reserves and Surplus   10,00,000 10,00,000 2. Non-Current Liabilities       Long-term Borrowings   8,00,000 2,00,000 3. Current Liabilities       (a) Trade Payables   5,00,000 3,00,000 Total   38,00,000 25,00,000 II. ASSETS       1. Non-Current Assets       Fixed Assets:       (i) Tangible Assets   25,00,000 15,00,000 (ii) Intangible Assets   5,00,000 5,00,000 2. Current Assets        (a) Trade Receivables   6,00,000 3,50,000 (b) Cash and Cash Equivalents   2,00,000 1,50,000 Total   38,00,000 25,00,000 You are required to prepare Comparative   and C ommon S ize Balance Sheet on the basis of the information given in the above Balance Sheet.

3. Question.3 Prepare Comparative Statement and common size statement of Profit and Loss from the following Statement of Profit and Loss: Particulars Note No. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Income Revenue from Operations (Net Sales) 3,00,000 2,50,000 II. Expenses Cost of Materials Consumed 1,20,000 1,00,000 Changes in Inventories of WIP and Finished Goods (2,000) 5,000 Employees Benefits Expenses (Wages) 30,000 25,000 Other Expenses 22,000 20,000 Total 1,70,000 1,50,000 III. Net Profit (I-II) 1,30,000 1,00,000

4. Question.4 From the following Statement of Profit and Loss, prepare Comparative Statement and Common Size statement of Profit and Loss: Particulars Note No. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Income Revenue from Operations (Net Sales) 20,00,000 17,50,000 Other Income 75,000 50,000 Total 20,75,000 18,00,000 II. Expenses Purchases of Stock-in-Trade 11,60,000 10,00,000 Change in Inventories of Stock-in-Trade 10,000 (25,000) Employees Benefits Expenses 1 3,00,000 3,00,000 Depreciation and Amortisation Expenses 50,000 50,000 Other Expenses 2 90,000 75,000 Total 16,10,000 14,00,000 III. Net Profit (I-II) 4,65,000 4,00,000

5. Question 5. A company had current assets ₹ 3,00,000 and current liabilities ₹ 1,40,000. Afterwards, it purchased goods worth ₹ 20,000 on credit. Calculate the current ratio after the purchase of goods.  Question 6 : Calculate ‘Liquidity Ratio’ from the following information:  Current liabilities = Rs . 50,000  Current assets = Rs . 80,000  Inventories = Rs . 20,000  Advance tax = Rs . 5,000  Prepaid expenses = Rs . 5,000 Liquidity Ratios: Solvency Ratios: Share capital:  10,000 shares of 10 each 1,00,000 debentures 75,000 General Reserve 45000 Long term provision 25,000 Surplus 30,000 Outstanding Expenses 10,000 Question 7: From the following information calculate Debt equity Ratio:-

6. Question 8: Shareholders’ funds Rs . 1,40,000 Total Debts (Liabilities) Rs . 18,00,000 Current Liabilities = Rs . 2,00,000. Calculate total assets to debt ratio. Activity (or Turnover) Ratio Question.9 From the following information, calculate inventory turnover ratio:  Inventory in the beginning = 18,000  Inventory at the end = 22,000  Net purchases = 46,000  Wages = 14,000  Revenue from operations = 80,000  Carriage inwards = 4,000

7. Question 10 Calculate the Trade receivables turnover ratio from the following information:  Total Revenue from operations 4,00,000  Cash Revenue from operations 20% of Total Revenue from operations  Trade receivables as at 1.4.2014 40,000  Trade receivables as at 31.3.2015 1,20,000 Question.11 Calculate the Trade payables turnover ratio from the following figures:  Credit purchases during 2014-15 = 12,00,000  Creditors on 1.4.2014 = 3,00,000  Bills Payables on 1.4.2014 = 1,00,000  Creditors on 31.3.2015 = 1,30,000  Bills Payables on 31.3.2015 = 70,000

8. Revenue from Operations: Cash 25,000 Credit 75,000 Purchases: Cash 15,000 Credit 60,000 Carriage Inwards 2,000 Salaries 25,000 Decrease in Inventory 10,000 Return Outwards 2,000 Wages 5,000 Question.12 Following information is available for the year 2014-15, calculate gross profit ratio : Profitability Ratios

9. Revenue from Operations 3,40,000 Cost of Revenue from Operations 1,20,000 Selling expenses 80,000 Administrative Expenses 40,000 Question. 13 Given the following information: Calculate Gross profit ratio and Operating ratio .

10. FORMULAS (a) Current Ratio Current Ratio = Current Assets : Current Liabilities or Current Assets / Current Liabilities (b) Quick Ratio/Liquid Ratio   Quick ratio = Quick Assets: Current Liabilities or Quick Assets / Current Liabilities (C)Debt-Equity Ratio = Long term Debts / Shareholders' Funds D) Total Assets to Debt Ratio  Total assets to Debt Ratio = Total assets/Long-term debts (e) Proprietary Ratio:  Proprietary Ratio = Shareholders, Funds / Capital employed (or net assets)

11. (f) Inventory Turnover Ratio :   Inventory Turnover Ratio = Cost of Revenue from Operations / Average Inventory (G) Trade Receivables Turnover Ratio: Average Trade Receivable = (Opening Debtors and Bills Receivable + Closing Debtors and Bills Receivable)/2 (H) Trade Payable Turnover Ratio:  Trade Payables Turnover ratio = Net Credit purchases / Average trade payable (I) Gross Profit Ratio:  Gross Profit Ratio = Gross Profit / Net Revenue of Operations × 100 (J) Operating Ratio:Operating Ratio = (Cost of Revenue from Operations + Operating Expenses)/ Net Revenue from Operations × 100

12. (K) Operating Profit Ratio:  Operating Profit Ratio = Operating Profit/ Revenue from Operations × 100 Where, Operating Profit = Revenue from Operations − Operating Cost