Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 11 Chapter 13 of Class 12 Part – 2 – 2024
Comparative Statement of Profit & Loss
11.From the following Statement of Profit and Loss prepare a comparative Statement of Profit and Loss.
| Particular | 31st March 2016 | 31st March 2015 |
| I.Income | 30,00,000 | 25,00,000 |
| Revenue from Operations | ||
| Other Incomes | 6,00,000 | 5,00,000 |
| Total | 36,00,000 | 30,00,000 |
| II.Expenses | ||
| Purchase of stock in trade | 15,00,000 | 12,00,000 |
| Change in inventories of stock in trade | 4,00,000 | 4,00,000 |
| Employees benefit expenses | 3,00,000 | 2,00,000 |
| Other Expenses | 8,00,000 | 7,00,000 |
| Total | 30,00,000 | 25,00,000 |
| III.Net Profit | 6,00,000 | 5,00,000 |
comparative Statement of Profit and Loss
| Particulars |
Note no. | 31st March, 2015 (A) (3) |
31st March, 2016 (B) (4) |
Absolute Change (Increase /Decrease) (C=B-A) (5) |
Percentage C hange (Increase /Decrease) (D=C/A x 100) (6) |
|---|---|---|---|---|---|
| Revenue from Operation | 25,00,000 | 30,00,000 | 5,00,000 | 20.00% | |
| Other Incomes | 5,00,000 | 6,00,000 | 1,00,000 | 20.00% | |
| Total | 30,00,000 | 36,00,000 | 6,00,000 | 20.00% | |
| Less: Purchase of Stock | 12,00,000 | 15,00,000 | 3,00,000 | 25.00% | |
| Change in Stock | 4,00,000 | 4,00,000 | - | - | |
| Employees Expenses | 2,00,000 | 3,00,000 | 1,00,000 | 50.00% | |
| Other Expenses | 7,00,000 | 8,00,000 | 1,00,000 | 14.29% | |
| Total | 25,00,000 | 30,00,000 | 5,00,000 | 20.00% | |
| Profit after Tax | 5,00,000 | 6,00,000 | 1,00,000 | 20.00% |
Working Note:
Cost of Material consumed for the year 2015
| 50% of Revenue from Operation | = | ₹2,40,000 | x | 50 |
| 100 | ||||
| = | ₹1,20,000 |
Cost of Material consumed for the year 2016
| 50% of Manufacturing and Office Expenses | = | ₹2,60,000 | x | 50 |
| 100 | ||||
| = | ₹1,30,000 |
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 11 Chapter 13 of Class 12 Part – 2 – 2024", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Textbook Solution.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 11 Chapter 13 of Class 12 Part – 2 – 2024" instantly.