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Question No 06 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
From the following information relating to Ruby Ltd. prepare a comparative income statement.
| Particulars |
2021 | 2022 |
|---|---|---|
| Sales (Revenue from operation) | 6,00,000 | 9,00,000 |
| Material consumed | 3,00,000 | 4,80,000 |
| Manufacturing office & selling | 2,00,000 | 2,80,000 |
| Income tax | 50% of profit | 50% of profit |
Comparative Balance Sheet of Profit & Loss of Ruby Ltd.
As At 31-3-2021 and 31-3-2022
| Particulars |
2021 A |
2022 B |
Absolute change B-A =C |
Percentage change C/A |
|---|---|---|---|---|
| 1.Revenue form operations | 6,00,000 | 9,00,000 | 3,00,000 | 50.00 |
| 2.Add other income | ||||
| 3.Total revenue | 6,00,000 | 9,00,000 | 3,00,000 | 50.00 |
| 4.Less expenses: | ||||
| (a) Cost of Material consumed | 3,00,000 | 4,80,000 | 1,80,000 | 60.00 |
| (b) Manufacture office & selling expenses | 2,00,000 | 2,80,000 | 80,000 | 40.00 |
| 4.Total expenses | 5,00,000 | 7,60,000 | 2,60,000 | 52.00 |
| 5.Profit before tax (3-4) | 1,00,000 | 1,40,000 | 40,000 | 40.00 |
| 6.Less tax` | 50,000 | 70,000 | 20,000 | 40.00 |
| 7.Profit after tax (5-6) | 50,000 | 70,000 | 20,000 | 40.00 |
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.
This guide covers "Question No 06 Chapter 6 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
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.
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