Financial Statements

Analysis

Easy

Based on the information provided below, compute and answer

Comparative Balance Sheet of Amrit Limited

as at March 31, 2023 and March 31, 2024

(Rs. in Lakhs)

Particulars	March 31, 2023	March 31, 2024	Absolute Increase (+) or Decrease (–)	Percentage Increase (+) or Decrease (–)
I. Equity and Liabilities
Shareholders’ Funds
Share capital	15	20	5	……
Reserves and surplus	14	……	(1)	(7.14)
Non-current liabilities
Long-term borrowings	……	19	3	18.75
Current liabilities
Trade payables	2	3	1	50
Total	47	55	8	17.02
II. Assets
Non-current assets
Fixed assets
Tangible assets	15	……	5	33.33
Intangible assets	16	19	3	18.75
Current assets
Inventories	14	13	(1)	(7.14)
Cash and Cash Equivalents	2	3	1	……
Total	47	55	8	17.02

What is the value of tangible assets as on 31 March 2024

15,00,000

5,00,000

20,00,000

10,00,000

✅ Correct Option: 3

From the Balance Sheet (Assets side):

Total Assets (2024) = 55

Components given for 2024:

Intangible Assets = 19

Inventories = 13

Cash & Cash Equivalents = 3

Tangible Assets = Total Assets − Intangible Assets − Current Assets

Current Assets = 13 + 3 = 16

Tangible Assets = 55 − 19 − 16

Tangible Assets = 20

Final Answer: ₹20,00,000 (Option 3)

2025: 14 May Shift 1

Financial analysis is useful and important to different users. Which of the following is not the user of Financial analysis:

2025: 14 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Comparative Statements	(I) It describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm.
(B) Common Size Statements	(II) It is a technique of studying the operational results and financial position over a series of years.
(C) Trend Analysis	(III) These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item.
(D) Ratio Analysis	(IV) These are the statements showing the profitability and financial position of a firm for different periods of time.

Choose the correct answer from the options given below:

2025: 16 May Shift 1

Which one of the following is not a tool for analyzing financial statements?

2026: 13 May Shift 2

The_________________ is useful for both, intra-firm comparisons over different years and inter-firm comparisons for the same year or for several years.

2022: 30 Aug Shift 2

Identify the correct sequence to find out profit after tax while preparing comparative income statement

A. Deduct expenses

B. Find out total revenue by adding other incomes to revenue from operations

C. Find out profit after tax

D. Deduct tax

E. Calculate profit before tax

Choose the correct answer from the options given below:

2022: 23 Aug Shift 2

The commonly used Techniques of financial Statements Analysis includes :

(A) Common size statements

(B) Ratio Analysis

(D) Capital Budgeting Statement

Choose the correct answer from the options given below :

What is the value of tangible assets as on 31 March 2024

Solution

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