CLASS-XII ACCOUNTANCY

WORKSHEET -1

PARTNERSHIP FUNDAMENTAL(p&l app)

TIME- 30 MNTS MARKS- 10

Q.N. QUESTIONS MARKS

1 A , B and C are partners with fixed capitals of 1,00,000 , 200,000 and
3,00,000 respectively. Their partnership deed provides that : 6
(a) A is to be allowed a monthly salary of 600 and B is to be allowed a
monthly salary of 400.
(b) C will be allowed a commission of 5% of the net profit after
allowing salaries of A and B.
(c) Interest is to be allowed on capitals @ 6%.
(d) Interest will be charged on partners annual drawings at 4%.
(e) The annual drawings were :B 10,000 and C 15,000.
The net profit for the year ending 31st march, 2014 amounted to
1,72,000.
Prepare P&L Appropriation account.
[Ans: Share of profit 39,000 to each partner.]
2 David and John were partners in a firm sharing profits in the ratio of 4 : 1. 4
Theircapitals on 1.4.2006 were : David Rs.2,50,000 and John Rs.50,000.
The partnershipdeed provided that David will get a commission of 10% on
the net profit afterallowing a salary of Rs.2,500 per month to John. The
profit of the firm for the yearended 31.3.2007 was Rs.1,40,000.
Prepare Profit and Loss Appropriation Account for the year ended
31.3.2007.

[Answer :- Profit to David Rs.79,200; John Rs.19,800]

SPACE FOR ROUGH WORK:

 WORKSHEET -2
PARTNERSHIP FUNDAMENTAL(p&l app)
TIME- 30 MNTS MARKS- 10

1 A, B and C were partners in a firm having capitals of Rs.60,000, Rs.60,000 6

andRs.80,000 respectively. Their current account balances were : A
Rs.10,000; B Rs.5,000and C Rs.2,000 (Dr.). According to the partnership
deed the partners were entitled tointerest on capital @5% p.a. C being the
working partner was also entitled to a salaryof Rs.6,000 p.a. The profits
were to be divided as follows:
(a)The first Rs.20,000 in proportion to their capitals
(b) Next Rs.30,000 in the ratio of 5 : 3 : 2
(c) Remaining profits to be shared equally
The firm made a profit of Rs.1,56,000 before charging any of the above
items.
Prepare the profit and loss appropriation account and pass the necessary
Journal entry for the appropriation of profits.

[Answer :- Share of profit : A Rs.51,000; B Rs.45,000; C Rs.44,000]

SPACE FOR ROUGH WORK:
2 David and John were partners in a firm sharing profits in the ratio of 4 : 1.
Theircapitals on 1.4.2006 were : David Rs.2,50,000 and John Rs.50,000. 4
The partnershipdeed provided that David will get a commission of 10% on
the net profit afterallowing a salary of Rs.2,500 per month to John. The
profit of the firm for the yearended 31.3.2007 was Rs.1,40,000.
Prepare Profit and Loss Appropriation Account for the year ended
31.3.2007.

[Answer :- Profit to David Rs.79,200; John Rs.19,800]

SPACE FOR ROUGH WORK

 WORKSHEET -3

PARTNERSHIP FUNDAMENTAL(int. on drawing and capital)

TIME- 30 MNTS MARKS- 10
1 X and Y are partners in a firm sharing profits equally. Their capitals on 31st 3
March2014 were Rs.2,40,000 and Rs.1,80,000 respectively. Drawings of
the partners to thedate were Rs.40,000 and Rs.60,000 respectively. Profit
for the year was Rs.1,60,000.
Calculate interest on capital @ 8 % p.a. for the year ended 31st March 2014.
[Answer :- Interest on X’s Capital Rs.16,000 and Y Rs.12,800]

2 Calculate interest on drawings of Mr.Vinod @ 8% p.a. for the year ended 3

31st March,2014 in each of the following cases:
Case 1: If he withdrew Rs.2,000 at the beginning of each year.
Case 2: If he withdrew Rs.2,000 during the middle of each month.
Case 3: If he withdrew Rs.2,000 at the end of each month.
[Answer:- Case 1: Rs.1,040; Case 2: Rs.960; Case 3: 880]

3 Calculate interest on A’ drawing : 4

(1) If he has withdrawn 60,000 on 1stoct. 2006 and the rate of
interest on drawing is 8% per annum.
(2) If he has withdrawn 60,000 on 1stoct. 2006 and the rate of
interest on drawing is 8% . Books are closed on 31st march 2007.
[Ans(1)2,400 (2) 4,800]
 WORKSHEET -4

PARTNERSHIP FUNDAMENTAL(PAST ADJ.)

TIME- 30 MNTS MARKS- 10

A, B and C are partners in a firm sharing profits and losses in the ratio of 2:3:5. 3
8 Their fixed capitals were 15,00,000, Rs.30,00,000 and Rs.6,00,000 respectively.
For the year 2009 interest on capital was credited to them @ 12% instead of
10%. Pass the necessary adjustment entry.

9 A , B and C are partners in a firm. On 1-4-2010 there capital stood at 4

50,000 25,000 25,000 respectively. As per provisions of the partnership
deed :
(a) C was in entitled for a salary of 1,000p.m.
(b) Partners were entitled to interest on capital at 5%p.a.
(c) Profits were to be shared in the ratio of capital.
The net profit for the year ended 2011 of 33,000 was divided
equally without providing for the above terms.
[Ans: A capital debit by 500 . B capital debit by 5,750 and C capital credit
6,250.]

10 A , B and C are partners sharing profits in the ratio 4:3:1.The partners

agreed to share future profits in the ratio of 5:4:3. Calculate each partners
gain or sacrifice due to change in ratio.
[ans A sacrifices 2/24, B sacrifices 1/24 and C gains 3/24.]
 WORKSHEET -5
PARTNERSHIP FUNDAMENTAL(PAST ADJ.)
TIME- 30 MNTS MARKS- 10

1 6
A business has earned average profits of 1,00,000 during last few years and the
normal rate of return in similar business is 10%. Find out the value of goodwill by
(1) Capitalization of super profit method and
(2) Super profit method if the goodwill is valued at 3 years purchase of
super profit.
The assets of business where 10,00,000 and its liabilities 1,80,000
[Ans: (1) 1,80,000 (2) 54,000]

2 4
Calculate the value of goodwill on the basis of three years purchase of last five
years average profits:
2005- 50,000, 2006- 60000, 2007- 30,000(loss) , 2008 – 40,000, 2009- 30,000
 WORKSHEET NO. 1
ADMISSION OF A NEW PARTNER AND TREATMENT OF GOODWILL
S.NO QUESTIONS MARKS

1 Ram and shyam are partners sharing profit and loss in the ratio of 1
2:1.thaey take diwan as a partner for 1/5th share.the goodwill account
appears in the books at its full value Rs15,000.diwan is to pay
proportionate amount as premium for goodwill which he pays to ram
and shyam privately

2 X and Y are partners sharing profit in the ratio oof 3:1.Z is admitted as 1
a partner for which he pays Rs 30,000 for Goodwill in cash .X,Y,Z
decided to share the future profits in equal proportion.you are
required to pass a single journal entry to give effect to the above
arrangement.

3 A and B are partners sharing profit in the ratio of 3:2.they admit C 1

into partnership.C pays a premium of Rs 1000 for 1/4th share of
profit.the new ratio is 3:3:2.goodwill a/c appears in the books at Rs
1000.give necessary journal entry

4 A and B were partners in a firm sharing profits and losses in the ratio 1
3:2.They admitted C as a new partner for 3/7th share in the profit and
the new profit sharing ratio will be 2:2:3.C brought Rs 2,00,000 as his
capital and Rs 1,50,000 as a premium of goodwill.half of their share of
premium was withdrawn by A and B from the firm.calculate the
sacrificing ratio and pass necessary journal entries for the above
transactions in the book of the firm
5 Make format of the revaluation account.
 WORKSHEET 2

S.NO. QUESTIONS MARKS

1 A and B are partners in a firm with the capital of Rs 60,000 and

1,20,000 resp.They decided to admit C for 1/4th share in future
profits.C is to bring in a sum of Rs 70,000 as his capital. Calculate the
amount of goodwill

2 Write the journal entries for the following accounting treatment of

goodwill in different cases:

1.Goodwill paid privately

2.Goodwill brought in cash

Distribution of Goodwill

3.Goodwill withdrawn by the sacrificing partners

4.Goodwill not brought in cash

5.Goodwill brought in kind

3 The ratio in which the old partners are surrendering their share of
profits in favour of the new partner is called……………………

4 What are the circumstances when there is a need for revaluation of

asssets and liabilities.

5 What is sacrificing ratio?

 MARKING KEY WORKSHEET NO. 1
ADMISSION OF A NEW PARTNER AND TREATMENT OF GOODWILL
S.NO ANSWERS MARKS

1. Debit ram’s a/c Rs 10,000. shyam’s Rs 5,000. and credit GW account Rs

15,000

2. Cash a/c DR Rs 30,000. Y a/c DR Rs7500. To X cap a/c 37,500

3. A cap a/c Dr. Rs600. B cap aaa/c Dr 400. To goodwill a/c 1000….

Debit cash and credut premium a/c by Rs 1000. and premium amt of Rs
1000 to be Cr to A and B in the sacrificing ratio.

4. Sacrificing ratio 11:4

5 Format

WORKSHEET 2

S.NO. ANSWERS MARKS

1 Goodwill is Rs 30,000.

2 1. No entry

2. Cash/bank a/c Dr

To premium for goodwill a/c

Premium for goodwill a/c Dr

To sacrificing partners capital a/c

3. Sacrificing partners capital a/c Dr

To cash/bank a/c

4. New partners capital/current a/c Dr

To sacrificing partners capital a/c

5.Assets a/c Dr

To premium for goodwill a/c.

3 Sacrificing Ratio

4 Change in Profit Sharing Ratio ,admission of a new partner,retirement

of a partner,and death of a partner.

5 The deducted part of the profit sharing ratio of the old partners .
 WORKSHEET 3 ADMISSION OF A PARTNER

S.NO. QUESTIONS MARKS

1 Hemant and Nishant were partners in a firm sharing profits in the ratio of 3
3:2.Their capitals were Rs. 1,60,000 and Rs. 1,00,000 respectively.They admitted
Somesh on 1st April,2013 as a new partner for 1/5th share in the future profits.
Somesh brought Rs. 1,20,000 as his capital. Calculate the value of goodwill of the
firm and record necessary journal entries for the above transactions on Somesh’s
admission.

2 The balance Sheet of Madan and Mohan who share profits and losses in the ratio 8
of 3:2, on 31st March, 2010 was as follows:
Balance Sheet
(as on 31st March , 2010)
LIABILITIES Rs ASSETS Rs
Creditors 28,000 Cash at Bank 10,000

Workmen’s Debtors 65000 60,000

Compensation Fund 12,000 Reserve for
Doubtful Debts
(5000)
General Reserve 20,000 Stock 30,0000
Capital A/c: Investments 50,000
Madan 60,000
Mohan 40,000 1,00,000
Patents 10,000
160,000 160,000
st th
They decided to admit Gopal on 1 April, 2010 for 1/4 share on the following
terms:
(i) Gopal shall bring Rs. 25000 as his share of
Premium for Goodwill.
(ii) That unaccounted accrued income of Rs. 500 be
provided for.
(iii) An Unrecorded typewriter was sold for Rs. 800.
(iv) The market value of Investments was Rs. 45000.
(v) A claim of Rs. 2000 on account of Workmen
compensation to be provided for.
(vi) Patents are undervalued by Rs. 5000.
(vii) Gopal to bring in capital equal to 1/4th of the total
capital of the new firm after all adjustments.
Prepare the Revaluation account and Partner’s Capital account.
3 K, N and A were partners in a firm sharing profits and losses in the ratio 3:2:1. At
the time of admission of a partner, the goodwill of the firm was valued at
Rs.4,00,000. The accountant of the firm passed the entry in the books of
accounts and thereafter showed goodwill at Rs.4,00,000 as an asset in the
Balance Sheet. Was he correct in doing so? Why?

4 (a) X, Y and Z were partners in a firm sharing profits in the ratio of 3 : 2: 1.

On 31st March, 2015, X retired and new profit sharing of Y and Z was
decided as 2 : 1. M was admitted as a partner. Y and Z surrender ½ of
their respective share in favour of M. Calculate Gaining Ratio, Sacrificing
Ratio and New Ratio.

4
 ( b ) A, B and C were partners with fixed capitals and sharing profits and losses in
the ratio of 3:2:1. At the end of the accounting period D is admitted as a new
partner and B was retired on the same day. The new ratio among the partners A,
C and D was agreed 5:3:2. D brings Rs.4,00,000 as his capital but could not bring
his share of goodwill in cash and same was adjusted through his current account.
Goodwill of the firm was valued Rs. 1,80,000. Give entries and find out the ratios

5 Anant, Gulab and Khushbu were partners in a firm sharing profits in the
ratio of 5 : 3 : 2. From 1.4.2014, they decided to share the profits equally.
For this purpose the goodwill of the firm was valued at Rs. 2,40,000.Pass
necessary journal entry for the treatment of goodwill on change in the
profit sharing ratio of Anant, Gulab and Khushbu.
WORKSHEET 3

S.NO. ANSWERS MARKS

1
1. Hidden Goodwill Rs. 2,20,000
Journal entry:
Somesh’s capital a/c Dr. 44,000
To Hemant’s capital account 26,400
To Nishant’s capital account 17,600
2
Revaluation profits : Rs.1300
Capital account balances: Madan : Rs. 93,780; Mohan :
Rs.62,520 : Gopal : Rs.52,100 (2+2+2+2)

3 No, the accountant’s decision is not correct because according to AS-26,

goodwill should be recorded in the books only when consideration in money or
money’s worth has been paid for it
4 (a) Gaining Ratio of Y = 2/6
Z= 1/6
Sacrificing Ratio of Y = 2/6
Z = 1/6
New Ratio = Y : Z : M = 2: 1 : 3
(a) Journal Entries :
Cash A/c Dr. 400000
To D’s Capital A/c 400000

C’s Current A/c Dr. 24000

D’s Current A/c Dr. 36,000
To B’s Current A/c 60000
5 Gulab’s Capital A/c Dr 8,000
Khushbu’s Capital A/c Dr. 32,000
To Anant’s Capital A/c 40,000
(Being treatment of goodwill
in change in profit sharing
ratio recorded i.e 1:4)
WORKSHEET 1 RETIREMENT OF PARTNER

1 At thetime of retirement of a partner, profit on revaluation will be credited to the 1

capital account of:
a) retiring partner
b) all partner in old profit sharing ratio
c) Remainingpartner in their old profit sharing ratio
d) remaining partner in their new profit sharing ratio

2 X,Y and Z were partners sharing profit and losses in the ratio of 4:3:2. Y retires and 3
surrender 1/9th of his share in favour of X and the remaining in favour of Z. calculate new
profit sharing ratio and gaining ratio.
(ans. 13:14 new ratio, 1:8 gaining ratio)

3 . A , B and C are partners sharing profits in the ratio 6:4:5. Their capitals were A- 4
1,00,000. B- 80,000 and C- 60,000. On 1stapril 2009, B retired from the firm and the
new profit sharing ratio between A and C was decided as 11: 4 . On B retirement the
goodwill of the firm was valued at 1,80,000. Showing your calculations clearly
pass necessary journal entry for the treatment of goodwill on B retirement.
[ans- only A gain 5/15 . C has also sacrificed 1/15. A will debited by 60,000 and B
andC will be credited by 48,000 and 12,000.]

4 X, Y and Z are partners in a firm sharing profits and losses in the ratio of 3:2:1. X 4
retires from the firm on 1st April2015.On the date of Z’s retirement, following
balances appeared in the books of the firm:
GeneralReserveRs.90,000;Profit and loss
Account(Dr.)Rs.15,000;Workmencompensation Reserve Rs, 12,000 which
was no more required.
Pass journal Entries for the adjustment of these items on Z’s retirement and also
mention one value associated with maintaining workmen compensation reserve.
5 X, Y and Z are partners sharing profits in the ratio of 5:3:2. On 31-03-2014 the 8
Balance Sheet of the firm stood as under :
Balance Sheet
(As on March 31,2014)
Liabilities Amount(Rs.) Assets Amount(Rs.)

Sundry Creditors 26,500 Bank 10,000

Employees’ Provident 3,500 Debtors 65,000
Fund
15,000 Stock 55,000
Workmen
Compensation Reserve Fixed Assets 1,25,000

X’s Capital 1,10,000

Y’s Capital 56,000

Z’s Capital 44,000

2,55,000 2,55,000

Additional informations :-
(i)B retires on the same day. The goodwill be valued at Rs.75,000.
(ii)The fixed assets be appreciated by 20%; that stock be reduced to Rs.50,000.
Give the necessary Ledger accounts and balance sheet of the firm after B’s
retirement.
SPACE FOR ROUGH WORK
 WORKSHEET 1 DEATH OF PARTNER

1 A, B andC are partners sharing profit and losses in the ratio 5:3:2. B met with an accident 1
and died and his share was taken by A and C equally. Calculate new ratio.(ans. 13:7)

2 X,Y and Z were partners in a firm sharing profits in 3:2:1. The firm closes its bookon 31stof 3
march every year. B died in 30th June 2007. On B’s death the goodwill of the firm was
valued at Rs.60,000. On B,s death his share in the profts of the firm till the date of his
death was to be calculated on the bases of previous years profit which was 1,50,000.
Calculate B’s share in the profit of the firm. Pass necessary journal entries for the
treatment of goodwill and B’s share of profit at the time of his death.(ans. Goodwill-
20,000 and profit Rs. 12,500)

st
3 You are given the B/S of A,B& C who sharing P&L in the ratio of 2:2:1. As at 31 march 6
2007.
creditors 40,000 goodwill 30,000
Reserve fund 25,000 Fixed assets 60,000
A capital 30,000 stock 10,000
B capital 25,000 Sundry debtors 20,000
C capital 15,000 Cash at bank 15,000
1,35,000 1,35,000
B died on june 15, 2007. According to the deed , his legal representative are entitled to ;
(a) Balance in capital a/c.
(b) Share of goodwill valued on the basis of thrice the average profits of past 4 years.
(c) Share in profit up to the date of death on the basis of average profits for the past 4 year.
(d) Interest on capital @ 12% p.a.
Profits for the year ending on march 31 of 2004,2005,2006,2007 were 15,000; 17,000;
19,000 and 13,000 respectively.
B’s legal representative were to be paid the amount due. A and C continue as equal
partners. Prepare B’s capital a/c and executors a/c.
[answer- Amount paid to B representative 44,158]
WORKSHEET ON DISSOLUTION OF PARTNERSHIP FIRM

1 Give a difference between the following: 4

1) reconstitution of the firm and dissolution of the firm

2) dissolution of the partnership and dissolution of partnership firm.

3) firms debts and private debts

4) realization account and revaluation account

2 Give necessary journal entries in each of the following alternative cases: 4

1) Expenses of realization amounted to Rs.7,400.
2) Expenses of realization amounted to Rs.7,400 were paid by Ravi a partner.
3) Expenses of realization were to be borne by Deepak, a partner, for which he was
allowed a commission of 2% on net cash realized from dissolution. The net cash realized
was Rs. 1,00,000 and actual realization expenses were Rs. 7,400.
4) ) expenses of realization amounted to Rs.7,400 were to be borne by Mohan a partner
who used firm’s cash for paying these expenses.

3 Fill in the blanks in the following journal, where R and L are partners in the firm at the 4
time of dissolution:
particulars Dr.(Rs.) Cr.(Rs.)
………………………….a/c Dr
To…………………………….a/c
(being R paid to the creditors Rs. 17,000)
………………………….a/c Dr 70,000
To…………………………….a/c 70,000
(being L agreed to pay his wife’s loan)
………………………….a/c Dr
To…………………………….a/c
 (being stock worth Rs. 41,000 was taken over by R at
Rs. 39,000)
………………………….a/c Dr
To…………………………….a/c
(being other assets realized at Rs. 45,500)
4 Following is the balancesheet of Ramesh and Suresh as at 28thfeb. 2005: 4

liabilities Rs. Assets Rs.

Sundry creditors 20,000 Land and building 40,000
Bills payable 40,000 Furniture and fittings 28,000
Capital a/c Truck 20,000
Ramesh 30,000 Stock 10,000
Suresh 30,000 Debtors 12,000
Cash 10,000
1,20,000 1,20,000
Prepare realization a/c of the partners with the following additional information.
1) On the above date Ramesh took over the creditors and suresh took over the bills
payable.
2) assets realized as debtors Rs. 9,000; furniture Rs. 21,000; truckRs. 32,000; stock Rs.
6,000 and land and building Rs.60,000
3) expenses of realization paid by Ramesh were Rs. 1,200.
(ans. Rs. 16,800 profit)

5 P,Q and R sharing P&L in the ratio of 5:3:2. They decided to dissolve the firm on 6
31/03/2013
Their balance sheet as on date
creditors 19,000 bank 3,500
B/P 12,000 stock 19,800
Loan from S 7,300 Debtors 15,000 14,000
Less : provision 1,000
P capital 25,000 investment 10,000
Q capital 10,000 furniture 12,000
R capital 9,000 machinery 23,000
82,300 82,300

An unrecorded assets is taken by P at 5,000. Investment are taken by Q at 10%

 discount. Other assets are realized as follows: stock 16,500 , debts 14,500 , furniture
7,800 , machinery 20,500.expenses on realization amounted to 500 are met by R.
Close the books of the firm giving relevant ledger.
[ ans. Loss on realization 6,000. Final payment to P 17,000 and R 8,300. Q brings
800. Total bank a/c 63,600.]

SPACE FOR ROUGH WORK

 WORKSHEET

FINANCIAL STATEMENT OF COMPANIES.

Q. No. Questions marks

1 Under what major sub heading will the following items be placed in the 3
B/S Of a company as per schedule-III, part-I of the companies act, 2013.
(a) capital reserve (b) Bonds (c) Loans repayable on demand
(d) Vehicles (e) goodwill (f) Loose tools.

2 Under what major sub heading will the following items be placed in the 4
B/S Of a company as per schedule-III, part-I of the companies act, 2013.
(a) sundry debtors (b) bills payable (c) bills receivable (d) land &building
(e) debentures(f) equity share capital (g) short term investment
(h) creditors

3 Under what major sub heading will the following items be placed in the 3
B/S Of a company as per schedule-III, part-I of the companies act, 2013.
(a) copyrights(b) cheques (c) general reserve (d) stock of finished
goods (e) patents (f) machine
 WORKSHEET 1

S.NO. COMPARATIVE STATEMENT MARKS

1. Name two tools of financial analysis 1

2 What is comparative balance sheet? 1

3 Prepare a comparative statement of profit and loss with the help of the following 4
information.

2011-12 2012-13

Revenue from operation 20,00,000 30,00,000

Expenses 12,00,000 21,00,000

Other income 4,00,000 3,60,000

Income tax 50% 50%

4 Prepare the format of comparative balancesheet 4

5 Suryafarms ltd,is a leading manufacturing company.encouraged by the spurt in its
profits,company decided to give 15% interim dividend to the equity shareholders of the
company.following is the comparative statement of profit and loss of the company.
COMPARATIVE STATEMENT OF PROFIT AND LOSS
For the year ended 31st march,2012 and 2013.

particulars Note 2011-12 2012-13 Absolute %

no. changes(increase changes(increase
or decrease) or decrease)

1 2 3 4 5

I.revenue from 50,00,000 - - 50.00

operations

II Add:other 2,00,000 - (-) (25.00)

income

Total revenue - - - -
I+II

III - - 15,00,000 50.00

Less:expenses

Pofit before - - - -
tax

Less:tax - - 1,00,000 25.00

Profit after tax - - - -

You are required to:

(1)Fill the missing figures in the format.
(2)Compute the net profit ratio for both the years and
(3)Identify the values involved in paying the interim dividend.

6 Prepare a common size balancesheet of X ltd from the following information 4

31.3.2002(in lakhs) 31.3.2001(in

lakhs)

Current assets 28.80 22.80

Non current investments 1.80 1.20

Fixed assets 41.40 36.00

Share capital 30.00 30.00

Reserve and surplus 12.00 7.20

Non current liabilities 12.60 12.00

Current liabilities 17.40 10.80

S.NO ANSWERS MARK
. S

1. Comparative and common size .

2. It shows the increase and decrease in various assets, liabilities and capital in two or
more balancesheets of the same business enterprise on different dates.

3. Profit after tax 2012 Rs6,00,000,2013 Rs6,30,000.

% changes in

RFO OI TR EXPENSES PBT PAT

50.00 (10.00) 40.00 75.00 5.00 5.00

NOTE:While solving the questions ,figure of 2011-12 will be presented first.

4 Full format as per schedule III.2013.

5 COMPARATIVE STATEMENT OF PROFIT AND LOSS

For the year ended 31st march,2012 and 2013.

particulars Not 2011-12 2012-13 Absolute %

e changes(increas changes(increas
no. e or decrease) e or decrease)

1 2 3 4 5

I.revenue 50,00,00 75,00,00 25,00,000 50.00

from 0 0
operations

II Add:other 2,00,000 1,50,000 (50,000) (25.00)

income

Total 52,00,00 76,50,00 24,50,000 47.12

revenue I+II 0 0

III 30,00,00 45,00,00 15,00,000 50.00

Less:expense 0 0
s

Pofit before 22,00,00 31,50,00 9,50,000 43.18

 tax 0 0

Less:tax 4,00,000 5,00,000 1,00,000 25.00

Profit after 18,00,00 26,50,00 8,50,000 47.22

tax 0 0

(2)net profit ratio=net profit after tax/revenue from operation x100.

2011-12 is 36% and 2012-13 is 35.33.

(3)Values are sharing and fulfilment of responsibility.

6. Yr 2001: share capital 50%,reserve &surplus 12%,non current liabilities 20%.current

liabilities 18%.fixed assets 60%,non current investments 2%.current assets 38%....

Yr 2002: : share capital 41.67%,reserve &surplus 16.66%,non current liabilities

17.5%.current liabilities 24.17%.fixed assets 57.5%, investments 2.5%.current assets
40%....