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 Percentage change in cash and cash equivalents Option 1: 50% Option 2: 20% Option 3: 33.33% Option 4: 66.67%

Answer: 50%. Solution: 1/2*100=50%

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

Percentage change in cash and cash equivalents

50%

20%

33.33%

66.67%

✅ Correct Option: 1

1/2*100=50%

2022: 30 Aug Shift 2

While preparing common-size Balance sheet, each item of Balance sheet is expressed as % of

2026: 19 May Shift 1

Common Size Statement is also known as ____________.

2025: 15 May Shift 1

From the following details, calculate net profit before tax:

Net Profit after tax is Rs. 50,000;

15% Long-term debt 12,00,000;

Tax rate 20%.

2023: 28 May Shift 1

Common Size Statements are also known as :

2025: 16 May Shift 1

Match List-I with List-II

List-I	List-II
(A) 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	(I) Trend Analysis
(B) Technique of studying the operational results and financial position over a series of years.	(II) Comparative Statements
(C) Statements showing the profitability and financial position of a firm for different periods of time in a comparative form to give an idea about the position of two or more periods	(III) Ratio Analysis
(D) Describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm	(IV) Common-Size Statements

Choose the correct answer from the options given below:

2022: 15 July Shift 2

Common Size Statement are also known as: