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Question 10 Chapter 2 VK Publications Class 12 Part 2 - 2021
10. Prepare a Comparative Statement of Profit and Loss from the following details:
| Particulars | Note No. | 31st March,2015 (Rs.) | 31st March, 2014 (Rs.) |
| Revenue from Operations | 15,00,000 | 10,00,000 | |
| Other Incomes (% of Revenue from Operations) | 15% | 20% | |
| Expenses (% of Operating Revenue) | 60% | 50% |
Comparative Statement of Profit and Loss: For the years ended 31st March, 2014 and 2015
| Particulars | Note | 2016-2017 Rs. | 2017-2018 Rs. | Absolute Change Rs. | Percentage Change % |
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| A | B | B - A = C | C/A X 100 = D | ||
| I. Revenue from Operations | 10,00,000 | 15,00,000 | 5,00,000 | 50.00 | |
| II. Other Incomes | 2,00,000 | 2,25,000 | 25,000 | 12.50 | |
| III. Total revenue ( I+II) | 12,00,000 | 17,25,000 | 5,25,000 | 43.75 | |
| IV. Expenses | 5,00,000 | 9,00,000 | 1,000 | 80.00 | |
| V. Profit after Tax (III-IV) | 7,00,000 | 8,25,000 | 1,25,000 | 17.85 |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 10 Chapter 2 VK Publications Class 12 Part 2 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to V K Publications part 2 class 12.
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