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 Content covered in this article:
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 (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- 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
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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