DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis

Read DK Goel Class 12 Accountancy Solutions for Chapter 3 Tools for Financial Analysis below. These DK Goel Accountancy Class 12 solutions have been prepared based on the latest book for DK Goel Class 12 for the current academic year by expert accounts teachers at studiestoday.com. These DK Goel Class 12 Solutions help commerce students in class 12 understand accountancy and build a strong base in accounts. Students in Class 12 who study accountancy and use the DK Goel Accountancy book to understand concepts of Chapter 3 Tools for Financial Analysis should understand the concepts and solve practice questions and exercises given at the end of the chapter. We have provided solutions for all questions and have also provided short notes for each problem. This will help Class 12 DK Goel Accountancy students to understand the questions properly. Refer to the solutions provided below prepared by CBSE NCERT teachers

Chapter 3 Tools for Financial Analysis DK Goel Class 12 Solutions

Class 12 Accountancy students should read the following DK Goel Solutions for Class 12 Chapter 3 Tools for Financial Analysis in Standard 12. All solutions provided below can be downloaded in Pdf and are available for free. This DK Goel Book for Grade 12 Accountancy will be very useful for exams and help you to score good marks in Class 12 accountancy examinations. On our website www.studiestoday.com, we have provided solutions for all chapters given in the DK Goel Accountancy Book for Class 12.

DK Goel Solutions Chapter 3 Tools for Financial Analysis Class 12 Accountancy

Short Answer Questions

Question 1. 

Solution 1. When financial statements figures for two or more years are placed side-by-side to facilitate comparison, these are called ‘Comparative Financial Statements’. In such a statement figures of production, revenue from operations, expenses, profits etc. are put side-by-side to draw conclusions about the profitability and financial health of the business. It also indicates the trend of change as well as the strong points and weak points of the enterprise.

 

Question 2. 

Solution 2. A single year’s balance sheet shows only the balance of accounts on a particular date, whereas the comparative balance sheet shows not only the balances of accounts as on different dates but also the extent of increase or decrease in various items of balance sheet.

The form of comparative balance sheet consists of five columns. In the first column the items of Balance Sheet are entered. In the second column the date for previous year is shown and in the third column the date for current year is shown. In the fourth column the increases or decreases in absolute data is shown in terms of rupee amounts. Fifth column shows the percentage of increase or decrease in absolute data.

 

Question 3. 

Solution 3. Statement of Profit and Loss shows the net profit or net loss of that year. A comparative statement of profit and loss shows the net profits for a number of years so that changes in absolute data in term of money as well as in terms of percentages may be known. Comparative statement of profit and loss provides the following information’s:

i. Rate of increase or decrease in revenue from operations.

ii. Rate of increase or decrease in cost of materials consumed.

iii. Rate of increase or decrease in incomes and expenses.

iv. Rate of increase of decrease in net profit.

The form of comparative statement of profit and loss also consists of five columns. In the first column items of statement of Profit & Loss are shown. In the second column the data for previous year is shown and in the third column the date for current year is shown. In the fourth column the increase or decrease in absolute data is shown in term of rupee amounts.

 

Question 4. 

Solution 4.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis

 

Question 5. 

Solution 5

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-

 

Question 6. 

Solution 6

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-1

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-2

 

Numerical Questions

 

Question 1. 

 

Solution 1.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-5

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-6

 

Question 2.

Solution 2.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-9

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-10

 

Question 3.

Solution 3.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-12

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-13

 

Question 4. 

Solution 4.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-15

 

Question 5.

Solution 5.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis

 

Question 6. 

Solution 6.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-1

 

Question 7. 

Solution 7.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-3

 

Question 8. 

Solution 8.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-5

 

Question 9. 

Solution 9.

 

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-7

 

Question 10. 

Solution 10.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-9

 

Question 11. 

Solution 11.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-11

 

Working Note:-

Calculation of Other Expenses:-

Gross Profit = Revenue from Operations – Cost of Materials Consumed

For the Year of 2014-15

Gross Profit = Rs. 6,00,000 – Rs. 4,50,000

Gross Profit = Rs. 1,50,000

 

For the Year of 2015-16

Gross Profit = Rs. 8,00,000 – Rs. 4,80,000

Gross Profit = Rs. 3,20,000

 

Other Expenses (2014-15) = Rs. 1,50,000 × 10% = Rs. 15,000

Other Expenses (2015-16) = Rs. 3,20,000 × 20% = Rs. 64,000

 

Question 12.

Solution 12.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-13

 

Question 13.

Solution 13.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-15

 

Question 14. 

Solution 14.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-17

 

Question 15.

Solution 15.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-20

 

Question 16.

Solution 16.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-22

(b) Values which Yash Ltd. is trying to propagate:-

(i) Recognition of hardwork and honesty of employees.

(ii) Ethical practices of Company.

 

Question 17. 

Solution 17.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-24

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-25

 

Question 18.

Solution 18.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-27

 

Question 19.

Solution 19.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-29

 

Question 20. 

Solution 20.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-31

 

Question 21. 

Solution 21.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-33

 

Question 22. 

Solution 22.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-35

 

Question 23.

Solution 23.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-37

 

Question 24. 

Solution 24.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-39

 

Question 25.

Solution 25.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-41

 

Question 26.

Solution 26.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-43

 

Question 27.

Solution 27.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-45

 

Question 28.

Solution 28.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-47

 

Question 29. 

Solution 29.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-49

 

Question 30. 

Solution 30.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-51

 

Question 31.

Solution 31.

DK Goel Solutions Class 12 Accountancy Chapter 3 Tools for Financial Analysis-53