- Proportion of Assets/Liabilities to total of Balance Sheet = \(\frac{Amount \,of \,Liabilities / Assets\, in \,Rupees}{ Amount\, of \,total \,of \,Balance \,Sheet\, of \,respective \,year } × 100\)
- Amount of Liabilities/Assets of respective year = \(\frac{Total \,of\, Balance\, Sheet \,of\, percentage\, of\, respective\, year× Precentage \,of\, respective\, Liabilities\, Assets}{ 100}\)
While preparing comparative financial statements. The following points are taken into consideration :
- If any changes (increase/decrease) obtain negative in any data of financial statement then that amount shown in bracket ( ).
- In income (Profit and Loss) statement, if the for rate for both the year is same then percantage chage in profit before tax, tax and profit after tax will be same.
- In balance sheet statement total amount of change on equity side will be sameas total amount of change on assets side. So percentage change will also be same.
Following points to be considered while preparing income (profit and loss) statement.
- If only sales amount is given in income statement then total of percentage of total expense and percentage of profit before tax will be 100%.
- If other incomes are given in income statement except sales then these incomes are included in profit before tax so proportion of profit increases. But to find out precentage of profit before tax, sales is taken as base. So, total of percentage of total expenses and percentage of profit before tax is never comes to 100%.
