Read TS Grewal Accountancy Class 12 Solution Chapter 3 Tools of Financial Statement Analysis 2023 2024. Students should study TS Grewal Solutions Class 12 Accountancy available on Studiestoday.com with solved questions and answers. These chapter-wise answers for Class 12 Accountancy have been prepared by expert teachers of Grade 12. These TS Grewal Class 12 Solutions have been designed as per the latest accountancy TS Grewal Book for Class 12 and if practiced thoroughly can help you to score good marks in standard 12 Accounts class tests and examinations.
Class 12 Accounts Chapter 3 Tools of Financial Statement Analysis TS Grewal Solutions
TS Grewal Solutions for Chapter 3 Tools of Financial Statement Analysis Class 12 Accounts have been provided below based on the latest TS Grewal Class 12 book. The answers have been prepared based on the latest 2023 2024 book for the current academic year. TS Grewal Solutions Class 12 will help students to improve their concepts and easily solve accountancy questions for Class 12. Class 12 Grewal solutions should be revised regularly as more practice will help you get a better rank and easily solve more questions.
Chapter 3 Tools of Financial Statement Analysis TS Grewal Class 12 Solutions
About this chapter: TS Grewal Class 12 Chapter 3 Tools of Financial Statement Analysis helps students to understand various types of tools which are used by accountants to analyse financial statements and take decisions. It is very important to understand the financial health of an organisation to assess the overall performance of the company. There are various topics such as financial ratios, profitability ratios, etc which are being utilized by companies to understand financial statements. In this chapter, the overall importance of doing financial analysis and understanding the financial situation of a company has been explained. This is a very important chapter as lot of questions in the class 12 accountancy examinations are being asked from this chapter. The students should solve the practical questions which have been given at the end of this chapter and also compare them with the answers which have been provided below by our teachers. The concepts explained in this chapter will be used by students who are planning to pursue a career in accountancy.
Solutions for T.S. Grewal's Analysis of Financial Statements
Textbook for CBSE Class 12 TS Grewal Solutions Class 12 Accountancy
TS Grewal Solutions Class 12 Accountancy
Chapter 3 Tools of Financial Statement Analysis Comparative Statements and Common Size Statements
Question 1. From the following Balance Sheet, prepare Comparative Balance Sheet of Sun Ltd.:
Answer:
Question 2. Following is the Balance Sheet, of Radha Ltd. as at 31st March, 2019:
Question 3. Balance Sheet of Blue Bell Ltd. as at 31st March, 2019 is given below:
You are required to prepare Comparative Balance Sheet on the basis of the information given in the above Balance Sheet.
Answer:
Question 4. Following is the summarised Balance Sheet of Wye Ltd. As at 31st March,2019:
You are required to comment upon the changes in absolute figures from one period to another.
Answer:
Question 5. From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:
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Question 6. From the Following Balance Sheet of Depth Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:
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Question 7. From the Following Balance Sheet of H.P. Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:
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Question 8. Following information is extracted from the Statement of Profit and Loss of Gold Coin Ltd. for the year ended 31st March, 2015
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Question 9. Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
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Question 10. Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
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Question 11. From the following Information, prepare Comparative Statement of Profit and Loss:
Answer:
Working Note:-
1. Calculation of Other Incomes for 2019 = Rs. 20,00,000 × 20% = Rs. 4,00,000
2. Calculation of Other Incomes for 2018 = Rs. 30,00,000 × 12% = Rs. 3,60,000
3. Calculation of Expenses for 2019 = Rs. 20,00,000 × 60% = Rs. 12,00,000
4. Calculation of Expenses for 2018 = Rs. 30,00,000 × 70% = Rs. 21,00,000
Question 12. From the following information, prepare comparative statement of profit and loss showing increase, decrease and percentage:
Answer:
Working Note:-
Question 13. From the following Statement of Profit and Loss, prepare comparative statement of profit and loss:
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Question 14. Prepare Comparative Statement of Profit and Loss from the following information:
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Question 15. From the following Statement of Profit and Loss of Antriksh Ltd. for the year ended 31st March, 2012 and 2013, Prepare Comparative Statement of Profit and Loss:
Rate of Income Tax was 40%.
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Question 16. From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:
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Question 17. From the following Statement of Profit and Loss of Star Ltd., for the year ended 31st March, 2015 and 2016, prepare a Common size statement:
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Question 18. Prepare Common-size Statement of Profit and Loss from the following statement of Profit and Loss:
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Question 19. Prepare Common-size Statement of Profit and Loss from the following statement of Profit and Loss:
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Common-size income statement for the years ended I and II.
Question 20. Prepare Common-size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheet of Sun Ltd. and Star Ltd. as at 31st March, 2019 are:
Answer:
