1. Notes by Prof. M. B. Thakoor
COMPARATIVE BALANCE SHEET AS ON __________
1st 2nd
Increase /Decrease
Year Year
PARTICULARS
Absolute
Rs. Rs. %
Rs.
FUNDS EMPLOYED BY /
SOURCES OF FUNDS
(A) SHARE HOLDERS FUNDS
SHARE CAPITAL XXX XXX
Add: Reserves / Surpluses XXX XXX
XXX XXX
XXX XXX
Less: Fictitious Assets & P/L XXX XXX
A/c. (Dr. Bal.)
(A) XXX XXX
(B) BORROWED FUNDS
Debentures XXX XXX
Long Term Loans XXX XXX
(B) XXX XXX
TOTAL FUNDS EMPLOYED /
SOURCES OF FUNDS (A + B)
XXX XXX
FUNDS EMPLOYED AS
UNDER / APPLN OF FUNDS
Fixed Assets at Cost XXX XXX
Less: Depreciation XXX XXX
W.D.V. (C) XXX XXX
INVESTMENTS (D) XXX XXX
WORKING CAPITAL
Current Assets XXX XXX
Less: Current Liabilities XXX XXX
(E) XXX XXX
TOTAL CAPITAL EMPLOYED /
APPLN. OF FUNDS (C+ D+ E) XXX XXX
Increase / Decrease
% = 1st year i.e. Base Year × 100
Pg. 5 Notes by Prof. M. B. Thakoor

2. Notes by Prof. M. B. Thakoor
COMPARATIVE REVENUE STATEMENT
1st 2nd Increase
PARTICULARS Year Year /Decrease
Rs. Rs. Rs. %
NET SALES (A) XXX XXX
Less: Cost of Goods Sold:
Opening Stock XXX XXX
Add: Purchases XXX XXX
Add: Incidental Expenses. XXX XXX
Less: Closing Stock XXX XXX
(B) XXX XXX
Gross Margin [A – B] = (C) XXX XXX
Less Operating Expenses:
1) Administrative Exps.
----- XXX XXX
----- XXX XXX
(D) XXX XXX
2) Finance Exps.
----- XXX XXX
----- XXX XXX
(E) XXX XXX
3) S. & D. Exps.
----- XXX XXX
----- XXX XXX
(F) XXX XXX
Pg. 6 Notes by Prof. M. B. Thakoor

3. Notes by Prof. M. B. Thakoor
4) Depreciation
----- XXX XXX
----- XXX XXX
(G) XXX XXX
Total Operating Exps. (H) XXX XXX
[D + E + F + G]
OPERATING NET PROFIT XXX XXX
(C) – (H)
Add: Non-Operating Income XXX XXX
Less: Non-Operating Exps. XXX XXX
NET PROFIT / EARNING XXX XXX
BEFORE TAX
Less: INCOME TAX XXX XXX
NET PROFIT / EARNING XXX XXX
AFTER TAX
Pg. 7 Notes by Prof. M. B. Thakoor

4. Notes by Prof. M. B. Thakoor
Alternatively 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 XXX
Less: Cost of Goods Sold:
Opening Stock XXX XXX
Add: Purchases XXX XXX
Add: Incidental Expenses. XXX XXX
Less: Closing Stock XXX XXX
(B) XXX XXX
Gross Margin [A – B] = (C) XXX XXX
Less Operating Expenses:
1) Administrative Exps.
----- XXX XXX
----- XXX XXX
(D) XXX XXX
2) Finance Exps.
----- XXX XXX
----- XXX XXX
(E) XXX XXX
3) S. & D. Exps.
----- XXX XXX
----- XXX XXX
(F) XXX XXX
Total Operating Exps. (G) XXX XXX
[D + E + F]
Pg. 8 Notes by Prof. M. B. Thakoor

5. Notes by Prof. M. B. Thakoor
OPERATING NET PROFIT XXX XXX
(C) – (G)
Add: Non-Operating Income XXX XXX
Less: Non-Operating Exps. XXX XXX
NET PROFIT / EARNING XXX XXX
BEFORE INTEREST & TAX
Less: INTEREST XXX XXX
NET PROFIT / EARNING XXX XXX
BEFORE TAX
Less: PROVISION FOR XXX XXX
TAXATION
EARNING AFTER TAX XXX XXX
Pg. 9 Notes by Prof. M. B. Thakoor

6. Notes by Prof. M. B. Thakoor
COMMON SIZE REVENUE STATEMENT
% %
PARTICULARS Rs. Rs.
Inner Outer
SALES XXX XXX Net
Less: RETURNS XXX XXX Sales as
NET SALES (A) XXX XXX 100.00
Less: Cost of Goods Sold:
Opening Stock XXX XXX
Add: Purchases XXX XXX
Add: Incidental Expenses. XXX XXX
Less: Closing Stock XXX XXX
(B) XXX XXX
Gross Margin [A – B] = (C) XXX XXX
Less Operating Expenses:
1) Administrative Exps.
----- XXX XXX
----- XXX XXX
(D) XXX XXX
2) Finance Exps.
----- XXX XXX
----- XXX XXX
(E) XXX XXX
3) S. & D. Exps.
----- XXX XXX
----- XXX XXX
(F) XXX XXX
Pg. 10 Notes by Prof. M. B. Thakoor

7. Notes by Prof. M. B. Thakoor
4) Depreciation
----- XXX XXX
----- XXX XXX
(G) XXX XXX
Total Operating Exps. XXX XXX
(H)
[D + E + F + G]
OPERATING NET PROFIT XXX XXX
(C) – (H)
Add: Non-Operating Income XXX XXX
Less: Non-Operating Exps. XXX XXX
NET PROFIT / EARNING XXX XXX
BEFORE TAX
Less: INCOME TAX XXX XXX
NET PROFIT / EARNING XXX XXX
AFTER TAX
Pg. 11 Notes by Prof. M. B. Thakoor

8. Notes by Prof. M. B. Thakoor
Alternatively the above Common Size Statement can be presented as under:
COMMON SIZE REVENUE STATEMENT
% %
PARTICULARS Rs. Rs.
Inner Outer
SALES XXX XXX Net
Less: RETURNS XXX XXX Sales as
NET SALES (A) XXX XXX 100.00
Less: Cost of Goods Sold:
Less: Cost of Goods Sold:
Opening Stock XXX XXX
Add: Purchases XXX XXX
Add: Incidental Expenses. XXX XXX
Less: Closing Stock XXX XXX
(B) XXX XXX
Gross Margin [A – B] = (C) XXX XXX
Less Operating Expenses:
1) Administrative Exps.
----- XXX XXX
----- XXX XXX
(D) XXX XXX
2) Finance Exps.
----- XXX XXX
----- XXX XXX
(E) XXX XXX
3) S. & D. Exps.
----- XXX XXX
----- XXX XXX
(F) XXX XXX
Total Operating Exps. (G) XXX XXX
[D + E + F]
Pg. 12 Notes by Prof. M. B. Thakoor

9. Notes by Prof. M. B. Thakoor
OPERATING NET PROFIT XXX XXX
(C) – (G)
Add: Non-Operating Income XXX XXX
Less: Non-Operating Exps. XXX XXX
NET PROFIT / EARNING XXX XXX
BEFORE INTEREST & TAX
Less: INTEREST XXX XXX
NET PROFIT / EARNING XXX XXX
BEFORE TAX
Less: PROVISION FOR XXX XXX
TAXATION
EARNING AFTER TAX XXX XXX
Pg. 13 Notes by Prof. M. B. Thakoor

10. Notes by Prof. M. B. Thakoor
COMMON SIZE BALANCE SHEET AS ON _________
% %
PARTICULARS Rs. Rs.
Inner Outer
FUNDS EMPLOYED BY /
SOURCES OF FUNDS
(A) SHARE HOLDERS FUNDS
SHARE CAPITAL XXX XXX
Add: Reserves / Surpluses XXX XXX
XXX XXX
XXX XXX
Less: Fictitious Assets & P/L XXX XXX
A/c. (Dr. Bal.)
(A) XXX XXX
(B) BORROWED FUNDS
Debentures XXX XXX
Long Term Loans XXX XXX
(B) XXX XXX
TOTAL FUNDS EMPLOYED / 100.00
SOURCES OF FUNDS (A + B)
XXX XXX
FUNDS EMPLOYED AS
UNDER / APPLICATION
OF FUNDS
Fixed Assets at Cost XXX XXX
Less: Depreciation XXX XXX
W.D.V. (C) XXX XXX
INVESTMENTS (D) XXX XXX
WORKING CAPITAL
Current Assets XXX XXX
Less: Current Liabilities XXX XXX
(E) XXX XXX
TOTAL CAPITAL EMPLOYED
/ APPLICATION OF FUNDS XXX XXX
(C) + (D) + (E)
Pg. 14 Notes by Prof. M. B. Thakoor