Comparative income statement

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Comparative income statement

  1. 1. Notes by Prof. M. B. ThakoorCOMPARATIVE BALANCE SHEET AS ON __________ 1st 2nd Increase /Decrease Year Year PARTICULARS Absolute Rs. Rs. % Rs.FUNDS EMPLOYED BY /SOURCES OF FUNDS(A) SHARE HOLDERS FUNDSSHARE CAPITAL XXX XXXAdd: Reserves / Surpluses XXX XXX XXX XXX XXX XXXLess: Fictitious Assets & P/L XXX XXXA/c. (Dr. Bal.) (A) XXX XXX(B) BORROWED FUNDSDebentures XXX XXXLong Term Loans XXX XXX (B) XXX XXX TOTAL FUNDS EMPLOYED / SOURCES OF FUNDS (A + B) XXX XXXFUNDS EMPLOYED ASUNDER / APPLN OF FUNDSFixed Assets at Cost XXX XXXLess: Depreciation XXX XXX W.D.V. (C) XXX XXXINVESTMENTS (D) XXX XXXWORKING CAPITALCurrent Assets XXX XXXLess: Current Liabilities XXX XXX (E) XXX XXXTOTAL CAPITAL EMPLOYED /APPLN. OF FUNDS (C+ D+ E) XXX XXX Increase / Decrease % = 1st year i.e. Base Year × 100Pg. 5 Notes by Prof. M. B. Thakoor
  2. 2. Notes by Prof. M. B. Thakoor COMPARATIVE REVENUE STATEMENT 1st 2nd Increase PARTICULARS Year Year /Decrease Rs. Rs. Rs. %NET SALES (A) XXX XXXLess: Cost of Goods Sold: Opening Stock XXX XXXAdd: Purchases XXX XXXAdd: Incidental Expenses. XXX XXXLess: Closing Stock XXX XXX (B) XXX XXXGross Margin [A – B] = (C) XXX XXXLess Operating Expenses:1) Administrative Exps. ----- XXX XXX ----- XXX XXX (D) XXX XXX2) Finance Exps. ----- XXX XXX ----- XXX XXX (E) XXX XXX3) S. & D. Exps. ----- XXX XXX ----- XXX XXX (F) XXX XXXPg. 6 Notes by Prof. M. B. Thakoor
  3. 3. Notes by Prof. M. B. Thakoor4) Depreciation ----- XXX XXX ----- XXX XXX (G) XXX XXXTotal Operating Exps. (H) XXX XXX[D + E + F + G]OPERATING NET PROFIT XXX XXX (C) – (H)Add: Non-Operating Income XXX XXXLess: Non-Operating Exps. XXX XXXNET PROFIT / EARNING XXX XXXBEFORE TAXLess: INCOME TAX XXX XXXNET PROFIT / EARNING XXX XXXAFTER TAXPg. 7 Notes by Prof. M. B. Thakoor
  4. 4. Notes by Prof. M. B. ThakoorAlternatively the above revenue statement can be presented as under: COMPARATIVE REVENUE STATEMENT 1st 2nd Increase PARTICULARS Year Year /Decrease Rs. Rs. Rs. %NET SALES (A) XXX XXXLess: Cost of Goods Sold: Opening Stock XXX XXXAdd: Purchases XXX XXXAdd: Incidental Expenses. XXX XXXLess: Closing Stock XXX XXX (B) XXX XXXGross Margin [A – B] = (C) XXX XXXLess Operating Expenses:1) Administrative Exps. ----- XXX XXX ----- XXX XXX (D) XXX XXX2) Finance Exps. ----- XXX XXX ----- XXX XXX (E) XXX XXX3) S. & D. Exps. ----- XXX XXX ----- XXX XXX (F) XXX XXXTotal Operating Exps. (G) XXX XXX[D + E + F]Pg. 8 Notes by Prof. M. B. Thakoor
  5. 5. Notes by Prof. M. B. ThakoorOPERATING NET PROFIT XXX XXX (C) – (G)Add: Non-Operating Income XXX XXXLess: Non-Operating Exps. XXX XXXNET PROFIT / EARNING XXX XXXBEFORE INTEREST & TAXLess: INTEREST XXX XXXNET PROFIT / EARNING XXX XXXBEFORE TAXLess: PROVISION FOR XXX XXXTAXATIONEARNING AFTER TAX XXX XXXPg. 9 Notes by Prof. M. B. Thakoor
  6. 6. Notes by Prof. M. B. Thakoor COMMON SIZE REVENUE STATEMENT % % PARTICULARS Rs. Rs. Inner OuterSALES XXX XXX NetLess: RETURNS XXX XXX Sales asNET SALES (A) XXX XXX 100.00Less: Cost of Goods Sold: Opening Stock XXX XXXAdd: Purchases XXX XXXAdd: Incidental Expenses. XXX XXXLess: Closing Stock XXX XXX (B) XXX XXXGross Margin [A – B] = (C) XXX XXXLess Operating Expenses:1) Administrative Exps. ----- XXX XXX ----- XXX XXX (D) XXX XXX2) Finance Exps. ----- XXX XXX ----- XXX XXX (E) XXX XXX3) S. & D. Exps. ----- XXX XXX ----- XXX XXX (F) XXX XXXPg. 10 Notes by Prof. M. B. Thakoor
  7. 7. Notes by Prof. M. B. Thakoor4) Depreciation ----- XXX XXX ----- XXX XXX (G) XXX XXXTotal Operating Exps. XXX XXX(H)[D + E + F + G]OPERATING NET PROFIT XXX XXX (C) – (H)Add: Non-Operating Income XXX XXXLess: Non-Operating Exps. XXX XXXNET PROFIT / EARNING XXX XXXBEFORE TAXLess: INCOME TAX XXX XXXNET PROFIT / EARNING XXX XXXAFTER TAXPg. 11 Notes by Prof. M. B. Thakoor
  8. 8. Notes by Prof. M. B. ThakoorAlternatively the above Common Size Statement can be presented as under: COMMON SIZE REVENUE STATEMENT % % PARTICULARS Rs. Rs. Inner OuterSALES XXX XXX NetLess: RETURNS XXX XXX Sales asNET SALES (A) XXX XXX 100.00Less: Cost of Goods Sold:Less: Cost of Goods Sold: Opening Stock XXX XXXAdd: Purchases XXX XXXAdd: Incidental Expenses. XXX XXXLess: Closing Stock XXX XXX (B) XXX XXXGross Margin [A – B] = (C) XXX XXXLess Operating Expenses:1) Administrative Exps. ----- XXX XXX ----- XXX XXX (D) XXX XXX2) Finance Exps. ----- XXX XXX ----- XXX XXX (E) XXX XXX3) S. & D. Exps. ----- XXX XXX ----- XXX XXX (F) XXX XXXTotal Operating Exps. (G) XXX XXX[D + E + F]Pg. 12 Notes by Prof. M. B. Thakoor
  9. 9. Notes by Prof. M. B. ThakoorOPERATING NET PROFIT XXX XXX (C) – (G)Add: Non-Operating Income XXX XXXLess: Non-Operating Exps. XXX XXXNET PROFIT / EARNING XXX XXXBEFORE INTEREST & TAXLess: INTEREST XXX XXXNET PROFIT / EARNING XXX XXXBEFORE TAXLess: PROVISION FOR XXX XXXTAXATIONEARNING AFTER TAX XXX XXXPg. 13 Notes by Prof. M. B. Thakoor
  10. 10. Notes by Prof. M. B. ThakoorCOMMON SIZE BALANCE SHEET AS ON _________ % % PARTICULARS Rs. Rs. Inner OuterFUNDS EMPLOYED BY /SOURCES OF FUNDS(A) SHARE HOLDERS FUNDSSHARE CAPITAL XXX XXXAdd: Reserves / Surpluses XXX XXX XXX XXX XXX XXXLess: Fictitious Assets & P/L XXX XXXA/c. (Dr. Bal.) (A) XXX XXX(B) BORROWED FUNDSDebentures XXX XXXLong Term Loans XXX XXX (B) XXX XXX TOTAL FUNDS EMPLOYED / 100.00 SOURCES OF FUNDS (A + B) XXX XXXFUNDS EMPLOYED ASUNDER / APPLICATIONOF FUNDSFixed Assets at Cost XXX XXXLess: Depreciation XXX XXX W.D.V. (C) XXX XXXINVESTMENTS (D) XXX XXXWORKING CAPITALCurrent Assets XXX XXXLess: Current Liabilities XXX XXX (E) XXX XXXTOTAL CAPITAL EMPLOYED/ APPLICATION OF FUNDS XXX XXX (C) + (D) + (E)Pg. 14 Notes by Prof. M. B. Thakoor

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