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

Question 06 Chapter 2 of +2-B

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 13,20,000 11,70,000 780.00%
Less: Tax 40%   60,000 5,28,000 4,68,000 780.00%
Profit after Tax   90,000 5,00,000 7,02,000 780.00%


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

Balance Sheet: Meaning, Format & Examples

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

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

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

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

Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

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

2 Book 3 min 225x300 - Question 06 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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