5. Goodwill Intangible Assets 6. Loose Tools Inventories 23. Comparative Statement of Profit and Loss For the year ended 31st March , 2012 and 2013 [4] Particulars Note 2012-13 Absolute Change No. Change in % Revenue from operations 600000 800000 200000 33.33 Add Other income 50000 100000 50000 100 Total Revenue (I+II) 650000 900000 250000 38.46 Less Expenses 400000 500000 100000 25 Profit before Tax (III-IV) 250000 400000 150000 60 Less Tax @ 50 % 100000 160000 60000 60 Profit after Tax 150000 24000 90000 60 24. (a) 1. Decrease Since given transaction reduces quick assets by reducing cash, there will be – decrease in quick ratio. [2] No Change Since given transaction does not affect quick assets and current liabilities, there – will be no change. (b) [2] Proprietary Ratio = Fund / Total Assets Proprietors’ Total Assets = Non Current Assets + Current Assets = 360000+90000 = 4,50,000 Total Assets = Total Capital and Liabilities Fund = Total Assets-Long Term Borrowings-Long Term Provisions-Current Proprietors’ Liabilities = 450000-200000-100000-50000 =450000-350000 =Rs. 100,000 Proprietary Ratio = 100000 / 450000 = 1: 4.5 or 22.22 % 25. Calculation of Cash from Operating Activities [5] Particulars Amount (Rs.)
5. Goodwill Intangible Assets 6. Loose Tools Inventories 23. Comparative Statement of Profit and Loss For the year ended 31st March , 2012 and 2013 [4] Particulars Note No. 2012-13 Absolute Change Change in % Revenue from operations Add Other income 600000 50000 800000 100000 200000 50000 33.33 100 Total Revenue (I+II) Less Expenses 650000 400000 900000 500000 250000 100000 38.46 25 Profit before Tax (III-IV) Less Tax @ 50 % 250000 100000 400000 160000 150000 60000 60 60 Profit after Tax 150000 24000 90000 60 24. (a) 1. Decrease – Since given transaction reduces quick assets by reducing cash, there will be decrease in quick ratio. [2] No Change – Since given transaction does not affect quick assets and current liabilities, there will be no change. (b) [2] Proprietary Ratio = Proprietors’ Fund / Total Assets Total Assets = Non Current Assets + Current Assets = 360000+90000 = 4,50,000 Total Assets = Total Capital and Liabilities Proprietors’ Fund = Total Assets-Long Term Borrowings-Long Term Provisions-Current Liabilities = 450000-200000-100000-50000 =450000-350000 =Rs. 100,000 Proprietary Ratio = 100000 / 450000 = 1: 4.5 or 22.22 % 25. Calculation of Cash from Operating Activities [5] Particulars Amount (Rs.)
ACCOUNTANCY-XII%20Q.PAPER.+A.docx%20FINAL.docx