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SYBBI

FINANCIAL MANAGEMENT
CHAPTER 1
1) From the following information prepare vertical income statement form suitable for analysis.
Profit and Loss A/c for the year ended 31
st
March 2004
Particulars Rs. Particulars Rs.
To Opening Stock
To Purchases
To Freight and Carriage
To Staff Salaries
To Sales Salaries
To Interest on Debentures
To Rent
To Printing and Stationery
To Advertising
To Sales Discount
To Depreciation
To Insurance
To Electricity
To Salesmans Travelling Expenses
To Bad Debts
To Telephone Expenses
To Legal Charges
To Directors Fees
To Loss on Sale of Bonds
To Provision for Claim for Damage
To Net Profit
76,250
3,15,250
7,000
20,000
15,300
1,200
2,700
2,500
4,700
2,400
9,300
1,000
350
2,000
3,400
750
6,400
48,000
3,500
1,650
1,76,350
By Sales 6,02,350
Less : Returns 10,000
By Closing Stock
By Interest on Bonds
By Dividends on Shares
By Profit on Sale of Shares

5,92,350
98,500
1,500
3,750
3,900
7,00,000 7,00,000


2) From the information given below prepare a Balance Sheet in a vertical form suitable to analysis.
Particulars Rs.
Current Account with Bank of India
Land and Building
Advance Payments
Stock
Creditors
Debtors
Bills Receivable
Plant and Machinery
12% Debentures
Loan from a Directors
Equity Share Capital
Profit and Loss Account
Trade Investments
Proposed Dividend
Advance Tax
Provision for Taxation
Bills Payable
General Reserve
50,000
8,00,000
62,000
2,73,000
4,06,000
5,23,000
21,000
5,44,000
2,50,000
52,000
10,00,000
2,17,000
20,000
86,000
1,00,000
2,64,000
18,000
1,00,000







3) The following information regarding Maruti Car Ltd. for the year ended 31
st
March 2007 is given to
you:
Particulars Rs.
Sales
Purchases
Opening Stock (01-04-2006)
Closing Stock (31-03-2007)
Return Inward
Carriage Outward
Carriage Inward
Return Outward
Salesman Salary
Advertising and Publicity
Salesman Travelling Allowance
Office Salary
Computer Repairs and Maintenance
Rent, Rates and Taxes
Printing and Stationery
Bad Debts
Purchase of Computer
Dividend on Shares (Cr.)
Staff Welfare Expenses
Interest (Cr.)
Loss on Sales of Shares
75,00,000
50,00,000
5,00,000
7,50,000
75,000
57,000
50,000
50,000
75,000
2,52,000
7,500
4,00,000
84,000
4,000
400
75,750
40,000
10,000
44,000
50,000
1,25,000



1) Following balances are extracted from the books of Shivam Ltd. for the year ended 31.03.2004. You
are required to prepare vertical income statement and vertical balance sheet for financial analysis after
considering other information provided:
Particulars Rs. Particulars Rs.
Premises
Machinery
Interim Dividend Paid
Purchases
Preliminary Expenses
Carriage Inward
Directors Fees
Bad Debts
6% Debentures
P & L A/c (Cr.) Balance
Creditors
Outstanding Expenses
General Reserve
4% Govt. Securities
Opening Stock
Furniture and Fixtures
3,07,500
3,60,000
7,500
1,80,000
5,000
13,100
5,740
2,110
3,00,000
14,500
40,000
10,000
25,000
60,000
66,000
7,200
Sundry Debtors
Goodwill
Cash in hand and Bank
Bills Receivable
Wages
Factory Expenses
General Expenses
Salaries
Debenture Interest
Equity Capital
10% Preference Shares
Bills Payable
Sales
Sales Returns
Interest Received
Advertising
87,000
25,000
30,000
10,650
84,800
9,000
7,900
14,500
18,000
3,60,000
1,00,000
38,000
4,18,000
3,000
3,500
5,000
Other Information:
(1) Depreciate machinery by 10% and furniture by 5%.
(2) Provide final dividend on equity shares at 5% and dividend on preference shares.
(3) Make provision for Income Tax at Rs. 25,000.
(4) Closing Stock on 31.03.2004 is Rs. 1, 01,000.
(5) General Expenses include Rs. 4,000 as selling expenses.
(6) Write off 50% of preliminary expenses.

2) The following figures are relating to the Sohan Ltd. for the year ended 31
st
December 2008.
Particulars Rs. Particulars Rs.
Sales
Net Block
Bills Receivable
Bills Payable
Cash Balance
Bank Overdraft
Purchases
Other Administrative Expenses
Legal Charges (paid)
24,00,000
10,00,000
4,00,000
2,00,000
85,000
2,00,000
18,00,000
40,000
30,000

Staff Salaries
Advertisement Expenses
Warehouse Rent
Depreciation on Plant
Interest on Overdraft
Share Capital
Reserves (01.01.2008)
Stock (01.01.2008)
Laptop Repairs
Direct Expenses
40,000
60,000
30,000
50,000
30,000
8,00,000
3,65,000
3,60,000
25,000
25,000
Other Information:
(1) Make a provision for Income Tax of Rs. 2, 40,000.
(2) Provide Final Dividend Rs. 80,000.
(3) Closing Stock on 31.12.2008 is Rs. 4, 00,000.
You are required to prepare Balance Sheet and Income Statement in vertical form suitable for analysis
for the year ended 31
st
December, 2008.







3) Complete the following Income Statement for the year ended 31
st
March, 2008.
Particulars Rs.
Sales
Less: Cost of Goods Sold
Gross Profit (25% of Sales)
Less: Operating Expenses
Operating Net Profit
Add: Non Operating Income
Less: Non Operating Expenses
Net Profit Before Tax
Less: Income Tax (50% of NPBT)
Net Profit After Tax
?
?
2,00,000
?
?
NIL
40,000
40,000
?
?


4) Summary Balance Sheet of Star Ltd. for the year ended 31
st
December, 2006 and 31
st
December, 2007
are as follows:
Liabilities 31.12.06 31.12.07 Assets 31.12.06 31.12.07
Equity Share Capital
10% Pref. Share Capital
General Reserve
15% Debentures
Creditors
Bills Payable
Tax Payable
8,00,000
6,00,000
4,00,000
2,00,000
3,00,000
1,00,000
2,00,000
8,00,000
6,00,000
4,00,000
3,00,000
4,00,000
1,50,000
3,00,000
Building
Land
Plant
Furniture
Stock
Debtors
Cash
6,00,000
2,00,000
6,00,000
2,00,000
4,00,000
4,00,000
2,00,000
5,40,000
2,00,000
5,40,000
2,80,000
6,00,000
6,00,000
2,80,000
26,00,000 30,40,000 26,00,000 30,40,000
Prepare Comparative Balance Sheet in Vertical Form suitable for analysis.

5) Financial Position of Santhan Ltd. as at 31
st
March:
Liabilities 2005 2006 Assets 2005 2006
Equity Share Capital
10% Pref. Share Capital
Reserve Fund
Profit and Loss Account
12% Debentures
Creditors
Bank Overdraft
2,00,000
2,00,000
80,000
1,00,000
2,00,000
1,00,000
50,000
2,50,000
1,50,000
1,00,000
1,50,000
3,00,000
1,20,000
20,000
Building
Machinery
Furniture
Investment
Stock
Debtors
Bank Balance
3,00,000
1,50,000
40,000
1,00,000
1,50,000
1,00,000
90,000
3,20,000
1,80,000
35,000
1,50,000
2,00,000
1,20,000
85,000
From the above information of Santhan Ltd. as at 31
st
March 2005 and 2006 you are required to prepare
comparative statement, after rearranging in suitable form for analysis.
6) Prepare a Comparative Revenue Statement in Vertical Form from the following details:
Particulars 2006 2007 Particulars 2006 2007
To Opening Stock
To Purchases
To Interest on Debentures
To Depreciation:
Furniture
Machinery
To Administrative Expense
To Selling Expenses
To Carriage Outward
To Loss by Fire
To Wages
To Provision for Tax
To Net Profit
2,25,000
22,50,000
1,50,000

15,000
36,000
2,94,000
4,56,000
75,000

1,95,000
5,70,000
5,70,000
3,00,000
32,10,000
1,50,000

15,000
30,000
4,41,000
7,53,000
3,15,000
15,000
3,00,000
4,35,000
4,35,000
By Sales
By Closing Stock
By Dividend
By Profit on Sale of
Machinery
45,00,000
3,00,000
12,000

24,000
60,00,000
3,60,000
39,000
48,36,000 63,99,000 48,36,000 63,99,000
7) Complete the following Comparative Statements of DT Ltd. by ascertaining the missing balances.
No. Particulars 2002 2003 Absolute I ncrease
or Decrease Rs.
Percentage
I ncrease or
Decrease %
(A)

Sales
Cost of Goods Sold
Opening Stock
Purchases
Wages
Less: Closing Stock
?

80,000
?
2,40,000
?
?

1,20,000
?
4,40,000
1,60,000
4,00,000

?
2,00,000
?
?
25.00%

?
20.00%
?
?
(B) Cost of Goods Sold ? ? ? ?
(C) Gross Profit (A B)
Operating Expenses
(a) Administrative
(b) Selling
(c) Finance

?
50,000
?

?
60,000
?

20,000
?
4,500

20.00%
?
22.50%
(D) Total Operating Expenses ? ? ? ?
Net Operating Expenses (C-D) ? ? ? ?
Add: Non Operating Income 20,000 1,00,000 ? ?
Net Profit Before Tax ? ? ? ?
Less: Provision for Tax ? ? ? ?
Net Profit After Tax ? ? ? ?



8) Complete the following Comparative statement of Swaraj Pvt. Ltd. by ascertaining the missing
figures.
Particulars 2002 2003 Absolute
I ncrease or
Decrease Rs.
Percentage
I ncrease or
Decrease %
A. Sources of Funds
Equity Share Capital
Reserve and Surplus

OWNED FUNDS
Borrowed Fund:
10% Debenture

TOTAL FUNDS AVAI LABLE
B. Applications of Funds
(a) Fixed Assets
(b) Working Capital:
(i) Current Assets:
Inventories
Receivables
Cash
Total Current Assets




9)

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