Question 06 Chapter 2 of +2-B – USHA Publication 12 Class

Question 06 Chapter 2 of +2-B
Q-6- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 06 Chapter 2 of +2-B

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%

The solution of Question 06 Chapter 2 of +2-B: – 

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%


To understand more about Balance Sheet please check out following links:

https://tutorstips.com/balance-sheet/

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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