CLASS XII ACCOUNTANCY

COMPARATIVE
STATEMENTS 1
By CS Chandan Gupta
BCOM(St. Xavier,s Calcutta),B.Ed, MCOM, MA (Eco), PGDIBO, NET, Company Secretaries, CA (Finalist)

COMPARATIVE STATEMENTS
MEANING
When financial statements figures for two or more years are placed side by side to facilitate
comparison, these are called Comparative Financial Statements.
UTILITY or PURPOSE OF COMPARATIVE STATEMENTS
i)To make the data simpler and more understandable
ii)To indicate trend
iii)To indicate the strong points and weak points of the concern
iv)To compare the firm’s performance with the average performance of the industry
v)To help in forecasting

FORMAT OF COMPARATIVE BALANCE SHEET

COMPARATIVE BALANCE SHEET
As at 31st March _____ and _____
PARTICULARS NOTE
NO
PREVIOUS
YEAR
CURRENT
YEAR
ABSOLUTE
CHANGE
% CHANGE
=C X 100%
(A) (B) (C=B-A) A
I. EQUITY AND LIABILITIES:
1. Shareholder’s Funds:
(a) Share Capital
(b) Reserve and Surplus
2. Non Current Liabilities:
(a) Long term Borrowings
(b) Long term Provisions
3. Current Liabilities:
(a) Short term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short term Provisions
TOTAL
II. ASSETS:
1. Noncurrent Assets:
(a) Fixed Assets:
(i) Tangible Assets
(ii) Intangible Assets
(b) Non-Current Investments
(c) Long term Loans and
Advances
2. Current Assets:
(a) Current Investment
(b) Inventories
(c) Trade Receivables
(d) Cash & Cash Equivalents
(e) Short –term Loans and
Advances
(f) Other Current Assets
TOTAL

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 CLASS XII ACCOUNTANCY
COMPARATIVE
STATEMENTS 2
By CS Chandan Gupta
BCOM(St. Xavier,s Calcutta),B.Ed, MCOM, MA (Eco), PGDIBO, NET, Company Secretaries, CA (Finalist)

FORMAT OF COMPARATIVE STATEMENT OF PROFIT & LOSS

COOMPARATIVE STATEMENT OF PROFIT & LOSS
For the years ended 31st March ____ and ____
PARTICULARS NOTE
NO.
PREVIOUS
YEAR
CURRENT
YEAR
ABSOLUTE
CHANGE
% CHANGE
=C X 100%
(A) (B) (C=B-A) A
I. Revenue from Operation
II. Add: Other Income
III. TOTAL REVENUE (I+ II)
IV. Less: Expenses
a)Cost of Materials Consumed
b)Purchase of stock in Trade
c)Changes in Inventories of
Finished Goods, Work –in-
Progress and Stock in Trade
d)Employee Benefit Expenses
e)Finance Costs
f)Depreciation and
Amortization Expenses
g)Other Expenses
TOTAL EXPENSES
V. Profit before Tax (III-IV)
VI. Less: Tax
VII. Profit After Tax (V-VI)

QUESTION BANK

Question: 1
From the following information, prepare Comparative Balance Sheets of X Ltd.
PARTICULARS 31.3.2020 31.3.2019
(In Rs) (In Rs.)
Reserve and Surplus 12,00,000 6,00,000
Share and Capital 10,00,000 10,00,000
Trade Payables 12,70,000 9,00,000
Land and Buildings 16,00,000 15,00,000
Plant and Machinery 6,30,000 5,00,000
Goodwill _ 1,00,000
Investments 1,20,000 1,00,000
Current Assets 15,20,000 8,00,000
Long term Borrowings 4,00,000 5,00,000

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 CLASS XII ACCOUNTANCY
COMPARATIVE
STATEMENTS 3
By CS Chandan Gupta
BCOM(St. Xavier,s Calcutta),B.Ed, MCOM, MA (Eco), PGDIBO, NET, Company Secretaries, CA (Finalist)

Question: 2
With the help of the following information prepare a Comparative Statement of Profit & Loss of
Gopal Ltd.
PARTICULARS NOTE 31.3.2019 31.3.2020
NO. (In Rs) (In Rs)
Revenue from Operations 5,00,000 8,00,000
Cost of Materials Consumed 60%of Revenue 70%of Revenue
from Operations From Operations
Other Expenses 20,000 24,000
Rate of Income Tax 50%of Net Profit before 50%of Net Profit
Tax before Tax

Question: 3
From the following data, prepare statement of profits in Comparative form:
PARTICULARS NOTE 31.3.2017 31.3.2016
NO. (In Rs) (In Rs)
Revenue from Operations 10,00,000 8,00,000
Cost of Materials Consumed 58%of Revenue 60% of Revenue
From Operations From Operations
Other Expenses 10%of Materials 15% of Materials
Consumed Consumed
Income Tax Rate 45% 45%

Question: 4
Prepare a Comparative Statement of Profit & Loss from the following information:
PARTICULARS NOTE 31.3.2017 31.3.2016
NO. (In Rs) (In Rs)
Revenue from Operations 12,50,000 10,00,000
Purchase of Stock In Trade 7,70,000 4,20,000
Changes in Inventories (1,20,000) 80,000
Other Expenses 52,000 30,000
Other Income 6,000 5,000

Question: 5
Q.11.From the following data, prepare statement of profits in Comparative form:
PARTICULARS NOTE 31.3.2017 31.3.2016
NO. (In Rs) (In Rs)
Revenue from Operations 150% of Materials 120% of Materials
Consumed Consumed
Cost of Materials Consumed 20,00,000 10,00,000
Other Expenses 10%of Materials 5% of Materials
Consumed Consumed
Income Tax Rate 45% 45%

THE END

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