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Question 16 Chapter 2 VK Publications Class 12 Part 2 - 2021
16. Following information is related to Statement of Profit and Loss of Akansha Ltd. for theyears ended 31st March, 2018 and 2017 are as follows:
| Particulars | 31st March 2018 (Rs.) | 31st March, 2017 (Rs.) | |
| I. Revenue from Operations | 1,30,000 | 1,00,000 | |
| II. Expenses | |||
| Cost of Material Consumed | 66,360 | 47,400 | |
| Other Expenses | 1,900 | 4,600 | |
| Tax @ 50% | |||
Compute percentage changes from 2017 to 2018
Comparitive Statement of Profit and Loss of Akansha Ltd. For the years ended 31st March, 2017 & 2018
| 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 | 1,00,000 | 1,30,000 | 30,000 | 30.00 | |
| II. Expenses | |||||
| Cost of the material consumed | 47,400 | 66,360 | 18,960 | 40.00 | |
| Other Expense | 4,600 | 1,900 | 2,700 | 58.69 | |
| Total Expense | 52,000 | 68,260 | 16,260 | 12.03 | |
| III. Profit before Tax (I-II) | 48,000 | 61,740 | 13,740 | 28.63 | |
| IV. Less: Tax @ 50% | 24,000 | 30,870 | 6,870 | 28.63 | |
| V. Profit after Tax | 24,000 | 30,870 | 6,870 | 28.63 |
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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.
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