Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 22 Chapter 13 of Class 12 Part – 2 – 2024
22. From the following statement of Profit and Loss, Prepare a common size statement of Profit and Loss of Jyanti Limited for the period ended 31-3-2016.
| Particular | ₹ |
| Income | |
| Revenue from Operation | 25,38,000 |
| Other Income | 38,000 |
| 25,76,000 | |
| Expenses | |
| Cost of Material Consumed | 14,00,000 |
| Other Expense | 5,00,000 |
| 19,00,000 | |
| Tax | 3,38,000 |
common size statement of Profit and Loss of Jyanti Limited
| Particulars |
Note no. | 31st March, 2016 (B) (4) |
Percentage Change (Increase/ Decrease) |
|---|---|---|---|
| I. Income | |||
| Revenue from Operation | 25,38,000 | 100.00% | |
| Other Income | 38,000 | 1.50% | |
| Total Revenue | 25,76,000 | 101.50% | |
| II. Expenses | |||
| Depreciation | 14,00,000 | 55.16% | |
| Finance Cost | 5,00,000 | 19.70% | |
| Total Expenses | 19,00,000 | 74.86% | |
| III. Net Profit Before Tax (I-II) | 6,76,000 | 26.64% | |
| Less: Tax @50% | 3,38,000 | 13.32% | |
| IV. Net Profit After Tax | 3,38,000 | 13.32% |
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 22 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 22 Chapter 13 of Class 12 Part – 2 – 2024" instantly.