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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

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Question 06 Chapter 2 of +2-B

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Comparative Statement of Profit & Loss

6.From the following information, prepare a comparative Statement of Profit and Loss of Vimar Ltd.

Particular31stMarch, 201631st March, 2015
Revenue from Operations24,00,00020,00,000
Cost of revenue from operation10,00,00018,00,000
Indirect Expenses80,00050,000
Tax Rate40%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 20,00,00024,00,0004,00,00020.00%
Less: Cost of Revenue from Operation 18,00,00010,00,000(8,00,000)(44.44%)
Indirect Expenses 50,00080,00030,00060.00%
Total Expenses 18,50,00010,80,0007,70,00041.62%
Profit Before Tax 1,50,000420000270000180.00%
Less: Tax 40% 60,000168000108000180.00%
Profit after Tax 90,000252000162000180.00%


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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