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Question 6 Chapter 13 of Class 12 Part – 2 – 2024
Comparative Statement of Profit & Loss
6.From the following information, prepare a comparative Statement of Profit and Loss of Vimar Ltd.
| Particular | 31stMarch, 2016 | 31st March, 2015 |
| Revenue from Operations | 24,00,000 | 20,00,000 |
| Cost of revenue from operation | 10,00,000 | 18,00,000 |
| Indirect Expenses | 80,000 | 50,000 |
| Tax Rate | 40% | 40% |
Comparative Balance Sheet of Sun Ltd.
| 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 | 20,00,000 | 24,00,000 | 4,00,000 | 20.00% | |
| Less: Cost of Revenue from Operation | 18,00,000 | 10,00,000 | (8,00,000) | (44.44%) | |
| Indirect Expenses | 50,000 | 80,000 | 30,000 | 60.00% | |
| Total Expenses | 18,50,000 | 10,80,000 | 7,70,000 | 41.62% | |
| Profit Before Tax | 1,50,000 | 420000 | 270000 | 180.00% | |
| Less: Tax 40% | 60,000 | 168000 | 108000 | 180.00% | |
| Profit after Tax | 90,000 | 252000 | 162000 | 180.00% |
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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