Page 13 - 32. ANALYSIS OF FS

QUESTIONS FROM PAST EXAM PAPERS

Q4 (November 19 – 12 Marks)

Following are the Financial Statements of Abraham Ltd.:
Balance Sheet
Particulars Note No. As at 31stMarch,2019
(Rs in lakh)
EQUITY AND LIABILITIES:
Shareholders’ funds
Share capital (shares of Rs 10 each) 1,000
Reserves and surplus 1 2,400
Non-current liabilities
Long term borrowings 2 5,700
Deferred tax liabilities 3 400
Current liabilities
Trade payables 300
Short-term provisions 300
Other current liabilities 4 200
Total 10,300
ASSETS
Non-current assets
Fixed assets 5,000
Deferred tax assets 3 700
Current assets
Inventories 1,500
Trade receivables 5 1,100
Cash and bank balances 2,000
Total 10,300
Statement of Profit & Loss
Particular Note No. Year ended 31stMarch,2019
(Rs inlakh)
Revenue from operations 6,000
Expenses:
Employee benefit expense 1,200

Operating costs 3,199
Depreciation 450
Total expenses 4,849
Profit before tax 1,151
Tax expense 201
Profit after tax 950
Notes to Accounts:
Note 1: Reserves and surplus (Rs in lakh)
Capital reserve 500
Surplus from P & L

32.12